MWC Forms JV with Calasiao Water District

Quezon City—(PHStocks)—Manila Water Co. Inc. (PSE: MWC) has signed and executed a joint venture (JV) agreement with the Calasiao Water District (CWD). The JV agreement will govern the relationship of Manila Water and CWD as JV partners in project for design, construction, rehabilitation, maintenance, operation, financing, expansion, and management of the water supply system of […]
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Manila Water Increases Stake in Saigon Water

Quezon City—(PHStocks)—Manila Water South Asia Holdings Pte Ltd (MWSAH), a wholly owned subsidiary of Manila Water Co. Inc. (PSE: MWC) in Singapore, has signed an investment agreement with Saigon Water Infrastructure Corp. (SII) for the acquisition of additional 6,146,000 primary shares of SII, which will allow MWSAH to own a total of 37.99% of the […]
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Ayala Net Income Climbs to ₱26B

Makati—(PHStocks)—Ayala Corp. (PSE: AC) reported a net income of ₱26 billion in 2016, 17 percent higher than the previous year, on the back of double-digit growth contributions from its real estate and banking units, boosted by its emerging businesses in power and industrial technologies. This positive earnings momentum was driven by the robust equity earnings […]
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Ayala Breaches Profit Target, Nets PhP22.3B in 2015

Makati—(PHStocks)—Ayala Corp.’s (PSE: AC) net income expanded 20 percent to PhP22.3 billion in 2015, beating its target a year earlier than planned. This was primarily driven by the solid performance of its real estate and telecommunications businesses and lifted by contributions from its power generation unit. Excluding capital gains primarily from the partial sale of […]
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MWC Announces New Water Tarriff Rates

Quezon City—(PHStocks)—Effective 1 January 2016, Manila Water Company Inc. (PSE: MWC) will implement the following adjustments: 1. “R” Factor of negative 2.21% as applied to the prevailing Average Basic Charge of PhP25.25 per cubic meter; 2. “C” Factor of 0.80% as applied to the prevailing Average Basic Charge of PhP25.25 per cubic meter; and, 3. […]
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Ayala 1H 2015 Earnings Up 6% to PhP10.4B

Makati—(PHStocks)—Ayala Corp. (PSE: AC)’s net income rose 6 percent to PhP10.4 billion in the first half of the year driven by the double-digit growth in its telecom, real estate, banking, and electronics businesses, and boosted by the positive performance of its power generation unit. Excluding the previous year’s divestment gains from the sale of Stream Global Services, Ayala’s business […]
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Clark Water Secures PhP1.15-B RCBC Loan

Clark Water Corp., a wholly-owned subsidiary of Manila Water Co. Inc. (PSE: MWC), has signed a term loan agreement of P1.15 billion with Rizal Commercial Banking Corp. (PSE: RCB) to finance in part its capital expenditure program. Clark Water was formed in 2000 in partnership with the Clark Development Corp. (CDC), the administrative and governing […]
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For Manila Water, Growth Prospects Lie Outside Metro

With its 2013 rate rebasing exercise for Metro Manila still unresolved, Manila Water Co. (PSE: MWC) will shift its growth focus outside its main franchise area toward emerging city centers and even projects abroad. Read More Source: Philippine Daily Inquirer Related Articles:Ayala Net Income Climbs to ₱26BAyala Breaches Profit Target, Nets PhP22.3B in 2015MWC Announces New […]
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