Philippine Updates
-
PLDT to Expand Partnership with Facebook
PLDT is looking to secure other areas of collaboration with social media giant Facebook. In an attempt to increase internet adoption among Filipinos, PLDT Chairman…
-
Manila Water Allots P20B for the Next Two Years
Manila Water Co. is earmarking P20 billion for capital expenditures this year and the next. The East Zone concessionaire aims to double 2015’s nearly P6…
-
Two Satellite Plants Sent to Masbate by DMCI
DMCI, an off-grid electricity supplier, has deployed two satellite diesel-fired plants to Masbate. The satellites have a combined capacity of 175 megawatts, which ensures that…
-
Macay Preparing for Potential Share Sale
Macay Holdings Inc. is gearing up for a potential share sale after moving to boost its capitalization to support future capital requirements. The company managed…
-
AXA Takes Over Charter Ping An
AXA Life Insurance Corp.’s planned takeover of Charter Ping An Insurance Corp has finally been completed. The intention to acquire Charter Ping An was first…
-
Property Firms Eyed for MCIA Mixed-Use Project
Megawide Construction Corp. and the Bangalore-based GMR Infrastructure Ltd. plan on talking with property developers by June. The purpose of these talks is Mactan-Cebu International…
-
ALI Plans to Raise P7 Billion Through Fixed-Rate Bonds
Property Giant Ayala Land plans on raising P7 billion by issuing fixed-rate bonds. This will form the second tranche of its P50 billion debt securities…
-
CIC Forges Partnership with Ionics for Next Gen Appliances
Concepcion Industrial Corp., otherwise known as CIC, has partnered with Ionics, Inc. to create “next-generation” products. These products range from washing machines to air conditioners;…
-
Puregold Looking to Open 75 Lawson Stores in 2016
Puregold Price Club, Inc. is planning to open seventy-five convenience stores this year. At least P450 million has been earmarked to accomplish the task. Under…
-
DMCI Claims Earnings Leapt to 20% Last Year
DMCI Holdings, Inc. stated that its consolidated net income in 2015 increased by 20%. All of its investments posted “strong performances”, despite weak commodity prices…
