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Treasury raises P60 billion from T-bonds in February
The government raised P60 billion in long-term securities this month, short of target, as the Bureau of the Treasury focused on the retail treasury bonds......»»
DITO confirmed that it is scaling back capex in 2024
DITO CME confirmed a report in the Manila Times that its 2024 “capex guidance will be tempered a bit” from its 2023 capex spending of P27 billion......»»
Filinvest holding firm allots up to P25 billion for 2024 capex
Filinvest Development Corp., the investment holding company of the Gotianun family, plans to invest as much as P25 billion this year to expand its presence in real estate and power generation, as well as support its ongoing digitalization efforts......»»
SMIC allots P115 billion for 2024 capex
SM Investments Corp., the investment holding company of the Sy family, is spending up to P115 billion this year for the continuing expansion of its various businesses......»»
CLI allots higher capex, partners with Japan firm
Cebu Landmasters Inc. is hiking its capital spending to P14.5 billion this year as it gears up for growth and expansion following a strong financial performance in 2023......»»
SRA allots P66-M fund for El Niño mitigation measures
SRA allots P66-M fund for El Niño mitigation measures.....»»
Negros Occidental allots P2-M for energy development initiatives
Negros Occidental allots P2-M for energy development initiatives.....»»
Marcos approves release of P9.7 billion unprogrammed funds for DPWH projects
President Marcos has approved the release of P9.7 billion from the unprogrammed funds for public works and road repair whose original budget was slashed and included in the P60 billion in last-minute insertions in the 2024 national budget by some members of the House of Representatives......»»
DigiPlus hopes to grow user base by 25% to 50% in FY24
DigiPlus President Andy Tsui guided that PLUS hopes to capture 50% of the P60 billion in gross gaming revenue growth that PAGCOR expects for FY24, and that it is looking to increase its active user base by 25% to 50% to achieve this goal......»»
Converge allots P5 billion for data centers
Broadband provider Converge ICT Solutions Inc. will allocate up to P5 billion for the delivery of data centers in the next three years to house its planned digital platforms......»»
Ayala Land allots P13 billion to redevelop 4 major malls
Ayala Land Inc. is spending P13 billion for the redevelopment of its malls, which is expected to be completed by 2028......»»
Holcim allots P2 billion for co-processing, RE shift
Cement maker Holcim Philippines Inc. is spending P2 billion over the next three years for co-processing and shifting to renewable energy in line with its commitment for sustainable manufacturing operations......»»
Maynilad spending P30 billion for service improvements
West Zone concessionaire Maynilad Water Services Inc. is setting aside as much as P30 billion for capital expenditures (capex) this year to continue service improvements amid the ongoing threat of the El Niño weather phenomenon......»»
CREC earmarks P35 billion capex for RE projects
Citicore Renewable Energy Corp. is allocating P35 billion for capital expenditures this year as it continues to bolster its renewable energy portfolio......»»
DigiPlus earmarks P2 billion for 2024 capex
Fast-growing digital entertainment company DigiPlus Interactive Corp. plans to spend as much as P2 billion this year as it looks to sustain its growth momentum and ramp up its digital offerings......»»
DMCI Homes earmarks P16 billion for capex in 2024
DMCI Homes, the property development arm of the Consunji Group, is allocating around P16 billion in capital expenditures this year to expand its portfolio......»»
Jollibee spending P23 billion for capex
Jollibee Foods Corp. is spending as much as P23 billion this year to sustain its growth momentum after posting strong profitability in 2023......»»
Globe sets 2024 capex at P55 billion, a 5-year low
Mobile giant Globe Telecom Inc. is bringing down its capital expenditures to a five-year low of P55 billion in 2024, as the telco works on attaining a certain cost efficiency for financial health......»»
DMCI hikes capex to P59 billion this year
The DMCI Group of the Consunji family is raising its capital spending by nearly a quarter to P59.1 billion this year, with the majority of its businesses allocating higher investments to support their respective expansions......»»
Airport screening officer returns passenger’s lost wallet
A security screening officer assigned at the Iloilo International Airport has returned a wallet containing more than P60,000 and identification cards left by a passenger......»»