Alviera set to become the economic and tourism catalyst in Central Luzon
Right at the heart of the fast-rising Central Luzon region is a 1,800-hectare integrated mixed-use development perfectly positioned in an elevated landscape of rolling...
D&L allocates P8 billion to construct new plants
D&L Industries, Inc. (DNL) is pouring in about P8 billion to build new plants and storage tanks in Batangas to triple its current capacity, as the company targets to grow its export business in the following years.
PLDT eyes higher capex for 2019
PLDT, Inc. is looking to increase its capital expenditure (capex) for 2019, a significant amount of which will be used to fund its wireless business and its fifth generation (5G) network rollout.
LRMC counts cost of delay in gov’t approval of LRT-1 fare increase
LIGHT RAIL Manila Corp. (LRMC), the private operator of the Light Rail Transit Line 1 (LRT-1), said it has incurred a “fare deficit” of about P100 million for the three quarters of 2018 due to the government’s delay in granting its fare hike petition.
Cathay Land pours P1B into 2 condo projects
CATHAY LAND, INC. is allocating P1 billion to develop two new residential condominium projects in South Forbes Golf City, citing the robust demand for projects in the south of Metro Manila.
Senate approves extension of legislative franchise of two broadcast companies
THE Senate passed on third and final reading the bills extending the franchise granted to two radio station operators by another 25 years.
SunAsia estimates up to $1M per MW for floating solar energy system
SUNASIA Energy, Inc. expects an investment of around $850,000 to $1 million per megawatt (MW) for the floating solar energy system it plans to install on Laguna Lake with a French partner, its top official said.
EasyCall Communications Philippines, Inc.
EASYCALL Communications Philippines, Inc. saw its stock price more than double last week amid speculation of a brewing partnership with the incoming major telecommunications provider.
AEV chairman Jon Ramon Aboitiz passes away
Aboitiz Equity Ventures, Inc. (AEV) Chairman Jon Ramon M. Aboitiz passed away on Friday, Nov. 30. He was 70, according to a company representative.
Mr....
DMCI property unit on track to hit P40-B reservation sales
THE property unit of DMCI Holdings, Inc. remains on track to reach its P40-billion target for reservation sales this year, following the strong demand for its projects in Mandaluyong and Pasig.
Pagbilao project certified as ‘nationally significant’
ENERGY WORLD Corp. Ltd. (EWC) said its 650-megawatt (MW) power project in Pagbilao, Quezon was certified as an “energy project of national significance” by the Department of Energy (DoE).
Asian companies set for first quarterly profit drop since mid-2016
HONG KONG — Holiday-quarter profit at Asian companies is likely to drop for the first time in more than two years, following a small rise in the July-September period, as slowing exports, falling factory output and the Sino-US trade war take their toll.