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MWC, partner bag Myanmar project

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The Ayala group is following through its foray into the overseas water business as its utility unit has signed a memorandum of understanding with a local government in Myanmar to help the latter reduce water losses.

Posted: March 18th, 2014 in Headlines | Read More »

Ayala hikes stake in MWC

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Conglomerate Ayala Corp. has raised its stake in water concessionaire Manila Water Co. (MWC) to 48.8 percent, from 43.1 percent, by buying most of the shares held by strategic partner Mitsubishi Corp.

Posted: December 17th, 2013 in Headlines | Read More »

Ayala Corp. boosts stake in Manila Water

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manila-water-298x224

Conglomerate Ayala Corp. has raised its stake in water concessionaire Manila Water Co. to 48.8 percent from 43.1 percent by buying most of the shares held by strategic partner Mitsubishi Corp.

Posted: December 17th, 2013 in Latest Business Stories | Read More »

Ayala unfazed by Manila Water setback

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Despite the bitter experience of water distribution unit Manila Water Co. with regulators, conglomerate Ayala Corp. will not hold back from participating in major infrastructure projects under the public-private partnership (PPP) framework.

Posted: September 29th, 2013 in Headlines | Read More »

Big Brother in Makati

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Big brother has conquered the country’s premier financial district as Makati City rolled out a new wireless network infrastructure in a bid to hasten response to accidents and ease road congestion by providing live traffic updates via the Internet and social media.

Posted: September 24th, 2013 in Headlines | Read More »

Investors dump shares of water firms

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Investors dumped shares of water utility-related stocks Friday, weighing down the overall stock market, after regulators ordered the metropolis’ two private water concessionaires Manila Water Co. and Maynilad Water Services Inc. to cut water tariffs for the next five years.

Posted: September 13th, 2013 in Editor's Pick,Headlines | Read More »

Manila Water’s Indonesian bid hits a snag

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The planned takeover by Manila Water Co. (MWC) of a majority interest in a water concession in Jakarta has hit a snag as officials of Indonesia’s capital city are reportedly considering an option to nationalize water utility operation.

Posted: June 23rd, 2013 in Editor's Pick,Headlines | Read More »

Ayala, SM units dominate 1st Bell Awards

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THE AYALA and SM groups garnered the most awards in the 1st Bell Awards given by the Philippine Stock Exchange in recognition of listed companies that uphold good governance.

Posted: December 4th, 2012 in Headlines | Read More »

Water utilities to adjust rates on forex dev’ts

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manila water

Manila Water Company Inc. customers will have to pay slightly higher water rates toward the end of the year as a result of loan payments in Japanese yen, which has strengthened against the peso.

Posted: September 24th, 2012 in Latest Business Stories | Read More »

Manila Water reports double-digit rise in 1st quarter income, sales

Manila Water Co. Inc. Tuesday reported double-digit increases in sales and income for the first quarter of 2012 from that of a year ago while its client base grew.

Posted: May 8th, 2012 in Headlines | Read More »

Ayala group acquiring stakes in 2 Vietnam firms

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The Ayala group is expanding its presence in Vietnam by acquiring a “significant minority” interest in a leading infrastructure company and a bulk water supply company in Ho Chi Minh City.

Posted: April 28th, 2012 in Editor's Pick,Headlines | Read More »

Manila Water boosts water supply on Boracay

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A new submarine water pipeline in Boracay is expected to be completed by the end of this month, in time for the surge in tourist arrivals on the island, Ayala-led Manila Water Co. Inc. said in a statement Tuesday.

Posted: March 21st, 2012 in Headlines | Read More »

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