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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......»»
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......»»
DMCI, Marubeni investing P15 billion for property venture
DMCI Homes of the Consunji family and Japanese trading conglomerate Marubeni Corp. are investing around P15 billion for their real estate joint venture project......»»
DMCI posts FY23 net income of P24.7-B (down 21%)
DMCI posted an FY23 consolidated net income of P24.7 billion, which was 21% lower than its FY22 net income of P31.2 billion......»»
DMCI Holdings net income down 20% to P24.9B as revenue drops
DMCI Holdings net income down 20% to P24.9B as revenue drops.....»»
DMCI Holdings posts 20% profit drop in 2023
Engineering conglomerate DMCI Holdings Inc. incurred a 20 percent drop in its profit in 2023 as business took a beating from price corrections in energy and nickel prices......»»
DMCI Homes putting up 2nd leisure project in Benguet
Following the success of the company’s first leisure property in Batangas, Consunji-led DMCI Homes is developing an eco-agri mountain resort condotel in the town of Tuba, Benguet......»»
The power of words and reading
My favorite quotation on reading and books is from former US president Barack Obama, who said in a 2017 interview on what books mean to him: “…(reading) reintroduced me to the power of words as a way to figure out who you are and what you think, and what you believe, and what’s important, and to sort through and interpret this swirl of events that is happening around you every minute.”.....»»
Duterte liable for corruption in secret deals with Xi – Carpio
Ex-president Rody Duterte harmed Filipinos in his secret deals with Communist China. He can be indicted for corruption, retired Supreme Court Justice Antonio Carpio said......»»
Germany trip yields $4 billion business deals
At least $4 billion or P220 billion worth of investment deals were secured by the Philippines during President Marcos’ three-day working visit here......»»
Philippines-Australia business deals seen to fuel economic growth
The business deals signed recently between the Philippines and Australia will help ensure economic growth and security in the Philippines, an international think tank said......»»
Vietnam, Philippines Sign Deals on South China Sea Security
Vietnam, Philippines Sign Deals on South China Sea Security.....»»
Vietnam, Philippines seal deals on South China Sea security
The two memoranda of understanding on security covered 'incident prevention in the South China Sea' and 'maritime cooperation' among Vietnamese and Philippine coastguards, according to a Vietnamese official announcing the deals.....»»
Lapu-Lapu killing: Construction worker stabbed dead by man with 23-inch bolo
LAPU-LAPU CITY, Cebu — A 52-year-old construction worker died after he was stabbed by another construction worker in Purok Thunder, Timpolok, Barangay Babag in Lapu-Lapu City on Sunday evening, March 10, 2024. The victim was identified as Victor Franco Tolo, with a live-in partner, a resident of the place. READ: Senior citizen hacked to death.....»»
Government tackling high construction costs
The Government is focused on reducing sky-high construction costs to make it more affordable to build a home, Building and Construction Minister Chris Penk says. Stats NZ data shows the cost of building a house has increased by 41 per cent since 2019, making housing even more unaffordable for Kiwi families."Further analysis shows building costs are consistently higher.....»»
Cebu City College construction in Ramos Public Market starts
CEBU CITY, Philippines — The construction of the Cebu City College in Ramos Public Market is ongoing despite the continued operation of some vendors there. This was confirmed by Grace Arinaza, admin aide 3 of Ramos Public Market, via Sugboanon Channel’s program on Wednesday, Feb. 7. The construction of the Cebu City College was already.....»»
Maynilad to sell P15-B of Blue Bonds to fund capex projects ahead of IPO
Maynilad Water Services, a subsidiary of Metro Pacific Investments and an affiliate of DMCI Holdings, disclosed its application to the SEC to sell up to P15 billion worth of fixed-rate “Blue Bonds” in the last week of May, for listing on PDEx in the first week of June......»»
DMCI keen on entry into cement business
The Consunji Group is looking to pursue its entry into the cement business with the acquisition of Cemex Holdings Philippines (CHP)......»»
DMCI eyes entry into cement business
The Consunji Group is looking to diversify into a new industries, with the cement business among those being considered through a potential acquisition of Cemex Holdings Philippines......»»
Maynilad considering a $300-M pre-IPO investment round before it goes public in 2025
Bloomberg is reporting that Maynilad Water Services, the “West Zone” water concessionaire owned by Metro Pacific Investments and DMCI, is “considering” raising a US $300 million (~P16.9 billion) “funding round” before it goes public on the PSE in 2025......»»