Philippine Updates
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Plants Unaffected by Mt. Apo Fire, According to EDC
Energy Development Corp. stated that its geothermal plants in Mt. Apo continue to remain unaffected by the fire in the area. According to the Lopez-led…
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Crown Asia Profits Pushed 53% Higher by Strong Sales
Crown Asia Chemicals Corp. saw its profit rise by 53% in 2015. This surge was fueled by strong sales of pipes and polyvinyl chloride compounds.…
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Davao Water Supply Project to Begin Next January
Apo Agua Infrastructure, Inc. is looking to secure permits for the construction of a P10-billion bulk water supply project in Davao city. The project is…
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Despite Heist, Bank Sector Remains Strong
The Bangko Sentral ng Pilipinas will dish out sanctions to banks, their personnel, and officers especially those who engage in unsafe practices. This announcement took…
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Consunji’s DMCI Doubles Capex to P40B
Consunji-led DMCI Holdings, Inc. is setting aside P40 billion for this year’s expenditures. The amount is said to be the biggest annual outlay to date.…
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Cirtek Subsidiary Aims for Triple Revenues in 2015
Cirtek Philippine Holdings Corp. projects revenues for the current year to triple. The company put up $6 million in a production facility in their new…
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ABS-CBN and GMA-7 Claim TV Ratings Leadership
Two of the country’s top networks claim leadership for March’s television ratings. “The Kapamilya Network” lured in the most TV households, garnering an average audience…
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German Firm Eyeing More Philippine Projects
German company Conergy is pursuing projects in the Philippines with a capacity of 180 MW, starting in this year’s third quarter. This will be after…
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Globe Promises Faster Internet Speed by 2020
Globe Telecom has stated that two million homes will have access to an internet speed of 10 Megabits per second by the year 2020. Invests…
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DoubleDragon Share Sale Reveals Strong Demand
DoubleDragon came up with a plan to raise P10 billion from the preferred share sales. The dividend rate is pegged at 6.477% per annum. This…




