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Aboitiz Construction in talks with 2 Chinese firms

THE construction arm of Aboitiz Equity Ventures, Inc. (AEV) is currently in negotiations with two Chinese firms, in an effort to increase its footprint overseas. Aboitiz Construction, Inc. (ACI) disclosed on Monday that its officials recently visited Chinese firms Shandong Electric Power Construction Corporation III (SEPCO3) and Dongfang Electric Company (DEC), which resulted in offers […] The post Aboitiz Construction in talks with 2 Chinese firms appeared first on BusinessWorld......»»

Category: newsSource: bworldonline bworldonlineDec 18th, 2017

Aboitiz Construction in talks with 2 Chinese firms

THE construction arm of Aboitiz Equity Ventures, Inc. (AEV) is currently in negotiations with two Chinese firms, in an effort to increase its footprint overseas. Aboitiz Construction, Inc. (ACI) disclosed on Monday that its officials recently visited Chinese firms Shandong Electric Power Construction Corporation III (SEPCO3) and Dongfang Electric Company (DEC), which resulted in offers […] The post Aboitiz Construction in talks with 2 Chinese firms appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsDec 18th, 2017

Aboitiz, Lopez team up for construction deals in Visayas

The Aboitiz and Lopez groups, two of the country's largest conglomerates, have teamed up to scout for big-ticket construction projects in the Visayas. Aboitiz Construction Inc. and First Balfour, a unit of Lopez-led First Philippine Holdings, recently signed a memorandum of understanding (MOU) to explore potential project collaborations in the Visayas. The two construction firms have agreed to exclusively work together, combining their expertise and resources to pursue prospects in the Visayan region, and ultimately secure contracts for successful project execution. "This partnership guarantees resilience and competitiveness as both can leverage on respective strengths," Aboitiz...Keep on reading: Aboitiz, Lopez team up for construction deals in Visayas.....»»

Category: newsSource:  inquirerRelated NewsFeb 13th, 2018

Aboitiz and Lopez firms team up for Visayas construction projects

THE CONSTRUCTION companies of the Aboitiz and Lopez families are joining forces to undertake projects in central Philippines. In a statement, Aboitiz Construction, Inc. (ACI) and First Balfour, Inc. said they signed a memorandum of understanding “to explore potential project collaborations in the Visayas.” The two firms will combine their expertise and resources to pursue […] The post Aboitiz and Lopez firms team up for Visayas construction projects appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsFeb 12th, 2018

China in talks over military base in remote Afghanistan – officials

KABUL, Afghanistan – Worried about militants sneaking into a restive Chinese region from war-torn Afghanistan, Beijing is in talks with Kabul over the construction of a military base, Afghan officials say, as it seeks to shore up its fragile neighbor. The army camp will be built in Afghanistan's remote and ........»»

Category: newsSource:  rapplerRelated NewsFeb 2nd, 2018

China in talks over military base in remote Afghanistan – officials

KABUL: Worried about militants sneaking into a restive Chinese region from war-torn Afghanistan, Beijing is in talks with Kabul over the construction of a military base, Afghan officials say, as it seeks to shore up its fragile neighbour. The army camp will be built in Afghanistan’s remote and mountainous Wakhan Corridor, where witnesses have reported [...] The post China in talks over military base in remote Afghanistan – officials appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsFeb 2nd, 2018

Galaxy Entertainment s PH partner denies Boracay casino scrapped

MANILA, Philippines – The local partner of Chinese casino operator Galaxy Entertainment Group denied that they have abandoned plans to build an integrated casino and resort in Boracay. Leisure & Resorts World Corporation on Tuesday night, April 17, said it continues to be in talks ........»»

Category: newsSource:  rapplerRelated NewsApr 17th, 2018

Mounting angst in Germany over relationship with China

SCHROBENHAUSEN, GERMANY — Bauer, a big producer of construction equipment, is better placed than many German companies that invested heavily in China over the past few decades. The Bavaria-based firm, which traces its roots back to 1790, does not have to worry about keeping a Chinese joint venture partner happy because it is the sole […] The post Mounting angst in Germany over relationship with China appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsApr 15th, 2018

Double-digit growth for 3 retail firms

Three of the country's leading retailers posted double-digit profit growth in 2017, riding on strong consumer spending in the country. Leading home improvement/construction supply retailer Wilcon Depot Inc. last year recorded a 56-percent growth in net profit to P1.38 billion on higher sales from its growing store network and improving margins. Gaisano-led Metro Retail Stores Group Inc. (MRSGI) grew its net profit last year by 23.7 percent to P977 million, attributed to a robust retail landscape and operational enhancement programs. Leading fashion and specialty retailer SSI Group saw last year's net profit rise by 19 percent to P275 million on increased store productivity. Excl...Keep on reading: Double-digit growth for 3 retail firms.....»»

Category: newsSource:  inquirerRelated NewsApr 13th, 2018

IMF’s Lagarde warns China on exporting debt

BEIJING: IMF chief Christine Lagarde warned China on Thursday about saddling other countries with a “problematic increase in debt” through its ambitious global trade infrastructure project. Lagarde made the comments at a Beijing forum on Chinese President Xi Jinping’s signature Belt and Road initiative, a $1 trillion road, rail and construction project spanning dozens of [...] The post IMF’s Lagarde warns China on exporting debt appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated NewsApr 12th, 2018

PH gets Chinese companies’ investment pledges worth USD 9.8 B

The Department of Trade and Industry (DTI) welcomed USD 9.8 billion-worth of investment intentions from Chinese companies that will cover the construction, electronics, agriculture, tourism, and pharmaceutical sectors, and will provide an estimated 10,800 employment opportunities. “Investments are important in bringing more job opportunities for all Filipinos. Our bilateral cooperation with China continues to deepen […].....»»

Category: newsSource:  boholnewsdailyRelated NewsApr 12th, 2018

PH gets Chinese companies’ investment pledges worth USD 9.8 B

The Department of Trade and Industry (DTI) welcomed USD 9.8 billion-worth of investment intentions from Chinese companies that will cover the construction, electronics, agriculture, tourism, and pharmaceutical sectors, and will provide an estimated 10,800 employment opportunities. “Investments are important in bringing more job opportunities for all Filipinos. Our bilateral cooperation with China continues to deepen […].....»»

Category: newsSource:  boholnewsdailyRelated NewsApr 11th, 2018

Real estate developers cite China factor behind rising condo demand

By Krista A. M. Montealegre National Correspondent CHINESE nationals are adding fuel to residential condominium demand, as property developers look to add record new supply in Metro Manila this year. Real estate firms Ayala Land, Inc.; DMCI Project Developers, Inc. and D.M. Wenceslao & Associates, Inc. are seeing a shift in demand on higher sales […] The post Real estate developers cite China factor behind rising condo demand appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsApr 10th, 2018

Halfway house for street children eyed

ILOILO CITY Mayor Jose Espinosa III wants to build a halfway house for street children and children in conflict with the law (CICL) in the city. Espinosa said he is in talks with the Department of Social Welfare and Development (DSWD) to facilitate the construction of the center. The mayor is eyeing a 4,000-square meter […] The post Halfway house for street children eyed appeared first on The Daily Guardian......»»

Category: newsSource:  thedailyguardianRelated NewsApr 9th, 2018

Trade talks with US ‘impossible’ for now

BEIJING: China on Monday said that trade talks with the United States are “impossible” under current conditions after President Donald Trump tweeted that he saw an end to the dispute. “Up to now, Chinese and US officials have not held any negotiations on the trade dispute,” foreign ministry spokesman Geng Shuang told reporters during a [...] The post Trade talks with US ‘impossible’ for now appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsApr 9th, 2018

(Sports) Chinese Filipino tycoon donates for construction of table tennis training center - Xinhua

(Sports) Chinese Filipino tycoon donates for construction of table tennis training center - Xinhua.....»»

Category: newsSource:  googlenewsRelated NewsApr 7th, 2018

Duterte, Xi to discuss enhancing ties at Boao forum — official

President Rodrigo R. Duterte will hold bilateral talks with Chinese President Xi Jinping on the sidelines of the BOAO forum in China, foreign affairs undersecretary Manuel A.J. Teehankee said Friday. “Also on April 10, the President will hold a bilateral meeting with the Chinese President Xi Jinping to discuss ways to further enhance the bilateral […] The post Duterte, Xi to discuss enhancing ties at Boao forum — official appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsApr 6th, 2018

Duterte, Xi to hold bilateral talks

By Camille A. Aguinaldo PRESIDENT Rodrigo R. Duterte will hold bilateral talks with Chinese President Xi Jinping on the sidelines of the Bo’ao Forum in China, Foreign Affairs Undersecretary Manuel A.J. Teehankee said Friday. “Also on April 10, the President will hold a bilateral meeting with the Chinese President Xi Jinping to discuss ways to […] The post Duterte, Xi to hold bilateral talks appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsApr 6th, 2018

Chinese firms join rebuilding of Marawi

A consortium of Chinese and Filipino companies has been chosen by the government as the potential developer to lead the rebuilding of war-torn Marawi City, an official of the Task Force Bangon Marawi (TFBM) said. In a telephone interview on Tuesday, Eduardo del Rosario, TFBM chair, said the task force would hold negotiations with the Bangon Marawi Consortium (BMC), composed of five Chinese and four Filipino firms, to determine the terms of reference, hammer out the details of the reconstruction program and set the final project cost. Rubble Most of Marawi City was reduced to rubble by five months of fighting between government forces and Islamic State-allied militants who la...Keep on reading: Chinese firms join rebuilding of Marawi.....»»

Category: newsSource:  inquirerRelated NewsApr 3rd, 2018

China eyes PH airport funding

China is interested to finance an airport project in the Philippines, while San Miguel Corp.'s proposal to build an "aerotropolis" in Bulacan will soon be up for President Duterte's approval, the National Economic and Development Authority said Tuesday. Neda Undersecretary Rolando G. Tungpalan told reporters that among the "second basket" of infrastructure projects to be pitched for Chinese financing included an airport, in which China itself earlier expressed interest, but he did not disclose details. Tungpalan added that the Chinese side might also be tapped to finance the construction of 10 more bridges crossing the Pasig River in Metro Manila, which was approved for official de...Keep on reading: China eyes PH airport funding.....»»

Category: newsSource:  inquirerRelated NewsApr 3rd, 2018

North Korean foreign minister meets counterpart in Beijing

BEIJING: North Korea’s foreign minister held talks with his Chinese counterpart in Beijing on Tuesday, a week after Pyongyang’s leader Kim Jong Un made a surprise trip to China before planned summits with the US and South Korean presidents. The latest visit, disclosed by China’s foreign ministry, is part of a flurry of diplomacy that [...] The post North Korean foreign minister meets counterpart in Beijing appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsApr 3rd, 2018