Companies

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AYALA-LED Manila Water Co. Inc. said on Thursday that a consortium led by one of its subsidiaries had formalized a joint venture with the Obando Water District (OWD) for a project in Bulacan. Manila Water informed the local bourse that Obando Water Co., Inc. (OWCHC), a consortium created with unit…

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FILIPINO mobile brand Star Telecom Alliance Resources (STAR) Inc. said it will start selling its Starmobile phones in sari-sari stores and loading stations in various parts of the country. “We will open many distribution channels in the country,” Starmobile Sales and Marketing Head Gerardo Balderrama said in a press briefing…

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IF public stockholders are the majority stockholders of a listed company, their ownership should give them control of the board. Public stockholders, however, have never been allowed to elect their nominees to the board of any listed company. They are portrayed only as the controlling stockholders in a number of…

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AYALA-LED Globe Telecom may set its capital expenditure (capex) budget at $850 million (P43.7 billion) for next year, a top executive said on Wednesday. Ernest Cu, Globe chief executive officer and president, told reporters on the sidelines of the Digital Congress 2017 held in Pasay City that while the company’s…

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WEST Zone concessionaire Maynilad Water Services, Inc. (Maynilad) has installed 15 kilometers (km) of water pipes as of the first half of 2017, broadening its coverage areas and bolstering its customer base. Maynilad said on Wednesday its pipe-laying projects have expanded their distribution line to 7,652 kilometers, 67 percent longer…

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ONE of the fastest growing supermarket chains in the Middle East is planning to invest in the Philippines and is looking to put up a supermarket and warehouses here, a top Philippine Economic Zone Authority (PEZA) official said. “One big supermarket in the Middle East, the LuLu, will be building…

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TECHNOLOGY firm Microsoft has launched its mobile messaging application Kaizala, which is designed to provide secure group communications particularly within large businesses and organizations, in the Philippines. In a media launch late Tuesday, Rajiv Kumar, corporate vice president at Microsoft Office India, said they decided to enter the local market…

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NICKEL Asia Corp. (NAC) said on Tuesday that the estimated value of shipments in the first nine months of the year rose by 16 percent to P11.65 billion driven by higher ore prices combined with a weaker peso exchange rate. In a disclosure to the Philippine Stock Exchange, NAC said…

MORE LAUNCHES SET BEFORE YEAREND

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HOMEGROWN property developer Cebu Landmasters, Inc. (CLI) said on Tuesday it is confident it will surpass its P4 billion sales reservation target for 2017 with more project launches slated in the last quarter. CLI said reservation sales for the first nine months have reached P3.66 billion, up 26 percent from…

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REAL estate giant Ayala Land, Inc. (ALI) is infusing an additional P10 billion for the expansion of its Alviera Estate in Porac, Pampanga, its first mixed-use development in Northern Luzon. The additional spending brings total investment in the project to P100 billion and will allow the company to expand Alviera…

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