Marubeni buys into Maynilad
By Doris C. Dumlao
The Japanese trading giant Marubeni has finalized a deal to buy a 20 percent stake in Maynilad Water Services Inc., coming in as a strategic partner of the Metro Pacific-DMCI consortium.
The Japanese trading giant Marubeni has finalized a deal to buy a 20 percent stake in Maynilad Water Services Inc., coming in as a strategic partner of the Metro Pacific-DMCI consortium.
While water is scarce in many regions around the world, it is refreshing to note that Filipino purified water brand Crystal Clear, one of the more popular bottled drinking water brands in the Philippines, is now serving the water-challenged African region, starting with a thriving market such as Sierra Leone.
Life used to be simple as drinking water from the tap. But modern day realities compel us to make life-changing habits that are often inconvenient and stressful. We let in strangers to our home to deliver water, lift heavy water bottles, use precious storage space for water containers, and what’s worst is, we take risks by not knowing our water source.
Manila Water Co. Inc. disclosed Wednesday that its net income for the first half of the year jumped by nearly a third over the same period last year as revenue grew by almost a fourth.
Japanese trading giant Marubeni is expected to finalize by September a deal to buy a 20 percent stake in water concessionaire Maynilad Water Services Inc. for about $400 million.
Scarcity of water in the time of King Herod nearly a hundred years BC dictated the whole vocabulary of the built form in that area. Rainfall was collected in cisterns on mountain slopes and exploited to supply water by force of gravity to three levels of his masterpiece of planning, the Masada on a mountaintop.
The Ayala group has strengthened its foothold in Vietnam, one of Southeast Asia’s rising stars, with the acquisition of a significant minority interest in a leading infrastructure company and a bulk water supply company both based in Ho Chi Minh City.
I was set up to meet a Princess from Sulu and was looking forward to discussing Moslem traditions and royalty duties among other topics. To my pleasant surprise, I met a petite lady with a big heart, who had no airs about her and spoke of culture and social work like it was her life’s calling.
Davao City Vice Mayor Rodrigo Duterte, who had been a strong endorser of a coal-fired power plant that Aboitiz Power Corp. plans to erect in the Toril district here, says he now has apprehensions about the project after learning that the plant will require a lot of fresh water.
Climate change experts have convinced the Aquino administration to conduct “a full economic valuation” of the country’s forests, watersheds and river systems to determine their true monetary value and to see whether industries like mining are paying the right taxes for using public water or forest lumber.
In parched Texas, it’s often easier to drill for oil than to find new sources of water.
MAYNILAD WATER Services Inc., led by Metro Pacific Investments Corp. and DMCI Holdings, will spend P1.6 billion to build 11 sewage treatment plants (STPs) this year. In a statement, Maynilad said it would construct the facilities in Bagbag, Tatalon, Tandang Sora, Baesa, Samson, Del Monte, Bahay Toro, San Antonio, Paltok and Doña Imelda in Quezon [...]
