Ayala, SM units dominate 1st Bell Awards
By Doris C. DumlaoTHE 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.
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.

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.
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.
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.
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.
Manila Water Co. Inc. intends to maintain competitive rates for its services in this economic zone.
Ayala-owned Manila Water Co. is eyeing more business ventures in Vietnam.
MWC to redeem P4B in bonds Ayala-led Manila Water Co. Inc. said it was redeeming a total of P4 billion in fixed rate bonds ahead of maturity. In a disclosure posted on the Philippine Stock Exchange website, Manila Water said the bonds, dated Oct. 9, 2008, were falling due in 2013. The water services company [...]