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Economy

Water unit of Philippines' Ayala eyes Thailand

Conglomerate looks to Southeast Asia to drive growth

MANILA -- Ayala Corp.'s water distribution unit is working on a project in Thailand, a senior company official told the Nikkei Asian Review on Friday, as the group continues its drive into foreign markets.

Listed Manila Water Co. is eyeing a bulk water distribution contract in eastern Thailand, according to the official, who declined to be named because talks are still ongoing.

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