In December 2016, MacroAsia Properties Development Corporation (MAPDC), a wholly-owned subsidiary of MacroAsia Corporation, purchased 67% shares of stock held by the former individual shareholders of Boracay Tubi System, Inc. (BTSI). BTSI is one of the two water utility providers in Boracay Island. BTSI was established and operated in 1998, as lone water utility provider until the entry of a new water utility provider in 2010.
BTSI holds two (2) water rights and has Certificate of Public Convenience (CPC) from the National Water Resources Board (NWRB). BTSI is currently serving about 25% of the water demand in the island of Boracay. BTSI also owns 80% ownership in Monad Water Sewerage Systems, Inc. (MONAD), a water and waste water service provider in