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IPO-bound Maynilad bags pioneering Green Equity label

MANILA, Philippines — Water utility concessionaire Maynilad Water Services Inc. bagged the first Philippine Green Equity label as regulators seek to deepen the local capital market by attracting more investors toward sustainability initiatives. In a letter to Maynilad on Sept. 26, the Securities and Exchange Commission (SEC) markets and securities regulation department confirmed that the water

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IMI shutters Kuichong facility as part of China consolidation

MANILA, Philippines — Integrated Micro-Electronics Inc. (IMI), the listed semiconductors and electronics manufacturing arm of the Ayala Group, has shut down its Kuichong facility to consolidate its China business in a single location. In a regulatory filing on Wednesday, IMI said final production activities in Kuichong ended on Tuesday, Sept. 30. They are now integrating operations

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SSS rolls out new ID card with bank debit function

MANILA, Philippines — The Social Security System (SSS) officially launched the MySSS Card that has a dual function––an official ID and a debit card. SSS President and CEO Robert Joseph De Claro said the MySSS Card acts would replace the long-standing Unified Multi-Purpose Identification (UMID) card.  It would also operate as a fully functional debit card linked