PH Digest: Ayala merges investment, accounting firms; Aboitiz pumps $100m in residential biz; PLDT to divest Meralco stake

PH Digest: Ayala merges investment, accounting firms; Aboitiz pumps $100m in residential biz; PLDT to divest Meralco stake

In three separate business developments in the Philippines, Ayala Corp announced the merger of its two subsidiaries, Aboitiz Equity Ventures is investing up to $100 million in residential projects, while PLDT is mulling to divest all its stakes in Manila Electric Co.

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