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MANILA, Philippines — Alden Richards and Kathryn Bernardo admitted that they had to rediscover their "Hello, Love, Goodbye" characters when they did the teaser shoot for its upcoming sequel "Hello, Love, Again."
Ayala Corp [AC 620.00 ?1.3%; 131% avgVol] [link] disclosed that its subsidiaries, Michigan Holdings and Philwater Holdings, would sell their combined holdings in Manila Water Company [MWC 26.60 ?1.5%; 123% avgVol] to Trident Water Company Holdings (TWC), which is owned by MWC’s current owner, Enrique Razon. The combined value of the two sales to TWC is P14.5 billion. The block of shares coming to TWC through Michigan Holdings was already processed and paid for (~P12.9 billion), and the remaining P1.6 billion worth of shares from Philwater Holdings will be purchased in installments over the next five years. AC confirmed that it will have no post-transaction common share interest in MWC, and that its voting stake will be “nil”. MB BOTTOM-LINE: In a weird way, the transfer of ownership and control of MWC from the Zobel Family to the Razon Family is one of the few lasting “achievements” of the Duterte administration. I put “achievements” in quotation marks because it’s not clear how the President’s overreach into the public markets benefitted anyone other than the obvious (MWC’s current owner). As longtime readers of MB will know I have a deep respect for Mr. Razon’s business acumen and operational quality, but I don’t know that MWC customers have necessarily felt any change as a result of this transfer, and I don’t know that minority shareholders have felt any change either. So maybe it was just Mr. Razon in the right place at the right time while Duterte rode the media waves of threatening the Zobels with death and dismemberment? Yeah, it was a weird time.
MANILA, Philippines — Alden Richards said he has been waiting for the sequel to "Hello, Love, Goodbye," keeping it close to his heart. His leading lady, Kathryn Bernardo, meanwhile, was "surprised" that their 2019 film will have a sequel titled "Hello, Love, Again."
NEW YORK, United States -- World number one Nelly Korda fired a flawless seven-under par 65 on Saturday (Sunday, Manila time) to take a two-stroke lead over hard-charging Australian Hannah Green at the LPGA Mizuho Americas Open.
KINMEN, Taiwan — Taipei's coast guard ramped up patrols over the weekend around its outlying islands that have seen increased presence of Chinese vessels, the agency said Sunday, the eve of Lai Ching-te's inauguration as Taiwan's new president.
MANILA, Philippines — The Manila International Airport Authority (MIAA) issued 12 red lightning alerts (RLAs) over five hours, causing “consequential delays” for flights at the Ninoy Aquino International Airport (NAIA) on Friday.
MANILA, Philippines -- The Ilustre East Swimming Club (IESC) is inching closer to the team title of the Congress of Philippine Aquatics (COPA) National Capital Region "One for All-All for One Swimming" Championships.
MANILA, Philippines -- The young Rain or Shine Elasto Painters rued the missed free throws as they absorbed a three-point loss against the defending champions San Miguel Beermen.