Manila Water Company has sold its entire P1.1 billion stake in Thai firm Eastern Water Resources, aligning with its strategy to focus on core operations and value creation. Despite this divestment, Manila Water reports revenue growth fueled by higher tariff rates.
A new facility in Katy, Texas, could soon produce Kindles, as Inventec begins construction. This project is part of an $85 million investment expected to create jobs and contribute to Texas’s growing tech industry.
Tele-Fonika is planning a $365 million plant in Houston and seeks a tax break to offset costs amid a U.S. copper shortage, aiming to enhance the local job market and production capabilities.
The new Konektadong Pinoy law introduces both risks and opportunities for PLDT and Globe as the Philippines opens its digital infrastructure to more competition. The reform challenges existing telecom giants while offering new avenues for growth.
ConocoPhillips to lay off up to 25% of its global workforce by 2025 in a bid to cut costs amid rising production expenses. The restructuring includes a new management plan and aims for significant savings.
Meta Description: BSP Governor Eli Remolona retains his spot on Global Finance’s honor roll, earning an “A-” for his leadership amidst economic challenges. The magazine highlights his role in managing inflation and currency stability.
The DOJ indicts Abra Mining officials for fraudulent share trading activities spanning a decade, following an SEC investigation revealing inconsistencies in share registrations and listings.
AppleOne Group is advancing tourism and sustainability in VisMin through local sourcing, global partnerships, and renewable energy initiatives. The company aims to transform the region into a premier bleisure destination while promoting economic growth and environmental responsibility.
San Miguel Corporation partners with Quezon City to implement a major river rehabilitation project aimed at mitigating flooding in Metro Manila. This collaboration focuses on expanding river capacities and improving water outflow, aligning with governmental transparency and infrastructure efficiency goals.
Jollibee Group has partnered with the Department of Education to invest in educational initiatives in the Philippines, including a quick service restaurant curriculum and classroom construction, as part of its 50th-anniversary celebrations.