MANILA WATER Co. Inc. is now led by ports tycoon Enrique K. Razon, Jr. after his Trident Water Co. Holdings, Inc. completed its tender offer on June 3. In a stock exchange disclosure on Friday, Manila Water announced that Trident Water led by Mr. Razon now has 51% voting interest in the east zone water concessionaire. The water provider also ...

Businesses are seeking a three-year extension of the grace period to comply with the Water Quality Guidelines and General Effluent Standards of 2016, the Philippine Chamber of Commerce and Industry (PCCI) said. In a statement on Friday, the PCCI said that compliance with standards in the Administrative Order 2016-08 of the Department of Environment and Natural Resources (DENR) “would entail ...

Monde Nissin Corp. on Friday said it had fully redeemed its Arran convertible note issued in April 2019. The company told the exchange that Arran Investment Pte. Ltd. received the P13.35-billion listing redemption amount in full settlement, which was funded from the proceeds of Monde Nissin's primary offer, which totaled P48.6 billion. "In April 2019, the company issued in favor ...

Boulevard Holdings, Inc. said its board of directors had approved to expand the company's involvement in an investment consortium to develop a "word-class resort city" in Cavite by adding more of its land parcels. In a regulatory filing on Thursday, the company said JP Guilds, Inc. requested Boulevard Holdings to add 300,000 square meters (sq.m.) or 30 hectares of land ...

THE HOME Development Mutual Fund (Pag-IBIG Fund) booked a net income of P11.08 billion in the first four months of the year, 2% higher than the P10.85 billion recorded in the same period last year, its top official said on Friday. In an online media advisory, Pag-IBIG Fund Chief Executive Officer Acmad Rizaldy P. Moti said the agency’s sustained performance ...

COURTESY OF PHILIPPINE STOCK EXCHANGE, INC. Philippine shares inched up on Friday on last-minute bargain hunting after investors digested the released inflation print for May, causing the market to move sideways throughout the day. On Friday, the Philippine Stock Exchange index (PSEi) inched up by 4.47 points or 0.06% to close at 6,796.34, while the all shares index improved by ...

Pixabay SHANGHAI -- At Chongming Island just outside Shanghai, China's most populous city, workers collect and pack tomatoes and cucumbers at a glass greenhouse operated by Dutch company FoodVentures, which harvested their first batch of produce at the site in May. The facility is one of dozens sprouting up on the outskirts of China's megacities that utilize high-end technology to ...

REUTERS LONDON -- Finance ministers from the G7 group of rich nations will meet in London on Friday for two days of talks aimed at moving closer to a global deal to raise more tax from the likes of Google, Facebook, and Amazon. The gathering, chaired by British finance minister Rishi Sunak, will be the first time all seven ministers ...

HONG KONG — Some global banks, funds and other financial services providers say they are stepping up hiring in Hong Kong, in a sign the city’s unique position as a financial gateway to China is outweighing concerns about Beijing’s tightening grip over it.  Goldman Sachs Group Inc., Citigroup Inc., UBS AG and other banks are each hiring hundreds of people in the ...

WASHINGTON — The White House laid out a plan for the United States to share 25 million surplus coronavirus disease 2019 (COVID-19) vaccine doses to the world, with the first shots shipping as soon as Thursday, and said it would ease other countries’ access to US-made supplies for vaccine production.  President Joseph R. Biden, Jr., said the United States would give the vaccines without expectation of political favors ...

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