Philippine Updates

  • Araneta Allots P50B for Redevelopment Project

    Araneta Center is spending P50 billion more for its Cubao property and its continued redevelopment. According to Araneta Senior VP for Operations Antonio T. Mardo,…

  • ACR Experiences Oversupply in Mindanao

    Mindanao is expected to see an oversupply of power towards the end of the year. New power plants are to start delivering electricity and the…

  • GMA Puts Final Touches on Digital Box

    GMA Network’s preparations for a shift to Digital Terrestrial Television format is already underway. The company is investing between P1 and 1.5 billion in order…

  • Ipilan Nickel to Develop Part of Palawan Exploration Area

    Global Ferronickel Holdings, Inc. revealed that its Palawan-based affiliate Ipilan Nickel Corp. received the green light for its feasibility study. They are cleared to begin…

  • Phoenix Acquires Samsung Supply Deal Extension

    Phoenix Semiconductor Philippines Corp. recently revealed that they managed to sign a brand new supply agreement with South Korea’s Samsung Electronics Co., Ltd. The existing…

  • SM Prime Board Approves of P60-B Bond Issue

    SM Prime Holdings, Inc. plans on raising around P60 billion through a bond issue. They also expect to raise the amount over the next three…

  • GT Capital Earns P2.95 Billion in the Year’s First Quarter

    GT Capital Holdings, Inc. earned a net profit of P2.95 billion in 2016’s first three months. Its earnings across several businesses, including banking, power generation,…

  • DMCI Books P3-B Projects in the First Quarter

    D.M. Consunji, Inc. managed to bag P2.9 billion worth of projects in 2016’s first quarter. The brand new projects have brought the construction firm’s order…

  • San Miguel Corp. Plans New Power Plants

    San Miguel Corp. has plans to build two new power plants in Luzon, as well as three in Mindanao. This will provide the publicly listed…

  • Emperador Bringing Brandy to Foreign Soil

    Emperador, Inc. is looking to bring its homegrown brandy to markets outside of the Philippines. Its potential targets include other Asian markets as well as…