Philippine Updates

  • Meralco Looking for ERC Nod on Power Supply Pacts

    Manila Electric Co. is looking towards a regulatory approval to source 3,551 megawatts of its power requirements from seven companies. This includes two under its…

  • Uber Expanding to Rizal

    Uber is in the process of expanding its presence in the country by offering its services in Rizal province, albeit in select areas. The ride-sharing…

  • D&L Targeting 10% Annual Growth Rate

    D&L Industries, Inc. expects their net profit to rise by 10% over the medium term. This places the customized food ingredients producer in a spot…

  • PAGCOR Surpasses its Target and Nets P1.04-B Profit

    The Philippine Amusement and Gaming Corporation managed to get a P1.04 billion profit for the year’s first quarter. The amount exceeded their target by nearly…

  • Damosa Land Breaking Ground on Mixed-Use Project

    Homegrown property developer Damosa Land, Inc. intends to start its newest mixed-use project by June. The project will be developed on an 88-hectare area in…

  • Filinvest Sets a Capex of P44-Billion

    Filinvest Development Corp. plans on hiking its capital expenditure budget by almost half this year. This is mainly to support the real estate and power…

  • Asian Terminals, Inc. Expects Rise in Profit and Revenues

    Asian Terminals, Inc. is looking to earn P8 billion in revenues, at least. They also expect to see an improvement in their net income, which…

  • Roxas Holdings Receives PSE Approval

    Roxas Holdings, Inc. managed to secure the Philippine Stock Exchange, Inc.’s approval to kick off sales of new shares to investors. This sale is to…

  • Now Corp. Seals $50-Million Loan for TV Network

    IT firm Now Corp. managed to seal a $50-million loan with a local bank in order to fund the development of an enterprise IT. This…

  • Semirara, Meralco Unit to Create Coal-Fired Plant

    A joint venture has just been entered by both Semirara Mining and Power Corp. and Meralco Powergen Corp. The purpose of the venture is to…