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Holcim allots P2.4B for 2018 capex

The country's leading cement-maker Holcim Philippines Inc. has earmarked P2.4 billion for capital outlays this year, mostly to boost production capacity and ride on the local construction boom.....»»

Category: newsSource: philippinetimes philippinetimesMay 19th, 2018

Petron allots P15 billion for 2018 capex

Petron Corp. is setting aside this year a capital expenditure of P15 billion to cover its network expansion and refinery improvement, company officials said on Tuesday, May 15. Of the amount, P10 billion is for the Philippines while P5 billion for Malaysia, said Emmanuel E. Erana, Petron senior vice-president and chief finance officer. “[For the […] The post Petron allots P15 billion for 2018 capex appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMay 15th, 2018

Golden Bria allots nearly P6-B capex

By Arra B. Francia, Reporter GOLDEN BRIA Holdings, Inc. is accelerating this year’s capital spending to P5.89 billion, in line with the company’s goal to beef up its land bank following its entry into the mass housing business. In a regulatory filing, the Villar-led firm reported that P2.16 billion of the 2018 spending has been […] The post Golden Bria allots nearly P6-B capex appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsApr 26th, 2018

SM Prime allots P80B for capex

By Arra B. Francia, Reporter SM Prime Holdings, Inc. (SMPH) said on Tuesday it earmarked P80 billion for capital spending in 2018, as it focuses on provincial areas with high-growth potential. The property business of country’s richest man Henry Sy, Sr. had spent a capex of around P50-55 billion in 2017. Of this, SM Prime […] The post SM Prime allots P80B for capex appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsApr 25th, 2018

Philab allots $150 M for 2018 capex

MANILA, Philippines — Philab Holdings Corp., the listed healthcare company, is alloting $150 million in capital expenditures this year as it invests in a gen.....»»

Category: financeSource:  philstarRelated NewsFeb 6th, 2018

PLDT allots ‘record’ P50-B capex for 2018

PLDT, Inc. is setting aside a record high capital expenditure budget of least P50 billion next year, as it works on improving its network amid the looming entry of a third telecommunications player. “We will announce a historic high capex next year, north of P50 billion,” PLDT Chairman, President and CEO Manuel V. Pangilinan told […] The post PLDT allots ‘record’ P50-B capex for 2018 appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsDec 20th, 2017

8990 Holdings allots P3-B capex for 2018

MANILA, Philippines — 8990 Holdings Inc., the listed mass housing developer, is setting aside P3 billion for capital expenditures next year to fund its pipel.....»»

Category: financeSource:  philstarRelated NewsDec 5th, 2017

CEDC seeks nod for P258-M capex

CLARK ELECTRIC Distribution Corp. (CEDC) is seeking approval from the Energy Regulatory Commission (ERC) for its capital expenditure program for 2018 amounting to around P258 million......»»

Category: financeSource:  bworldonlineRelated NewsJul 25th, 2018

Meralco’s Clark unit seeks ERC approval for P258-M capex

Clark Electric Distribution Corp. (CEDC) is seeking approval from the Energy Regulatory Commission (ERC) for its capital expenditure program for 2018 amounting to around P258 million. CEDC, a unit of the country’s biggest power distribution utility Manila Electric Co., placed the bulk of the outlay at P125 million for the implementation of its enterprise asset […].....»»

Category: financeSource:  bworldonlineRelated NewsJul 24th, 2018

CNPF allots up to P1.8-billion capex

CENTURY Pacific Foods, Inc. (CNPF) is spending up to P1.8 billion this year to expand its capacity, as it expects earnings to grow in single digits due to the rising costs of fuel and raw materials......»»

Category: newsSource:  bworldonlineRelated NewsJul 3rd, 2018

HIGHER 2018 CAPEX: JG Summit to ramp up capital spending this year

JG SUMMIT Holdings, Inc. is hiking its capital spending for 2018 as it aims to grow its petrochemical, airline, property, food and beverage, and banking businesses amid higher oil prices in the world market and the further depreciation of the peso. The post HIGHER 2018 CAPEX: JG Summit to ramp up capital spending this year appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMay 30th, 2018

JG Summit hikes 2018 capex to P80 billion

JG Summit Holdings, Inc. is hiking its capital spending for 2018 as it aims to grow its petrochemical, airline, property, food and beverage, and banking businesses. The post JG Summit hikes 2018 capex to P80 billion appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMay 29th, 2018

Robinsons Earmarks Up to P3.5-B for Capex in 2018

Robinsons Retail Holdings, Inc. (RRH) has earmarked PHP3 billion to PHP3.5 billion for capital expenditures (capex) this year, higher than its 2017 spending of PHP3.1 billion. RRHI Robina Gokongwei-Pe made this announcement during the listed firm’s annual stockholders’ meeting Monday. Gokongwei-Pe said the capex will fund the expansion program of RRHI this year including the […].....»»

Category: newsSource:  metrocebuRelated NewsMay 29th, 2018

RRHI to spend up to P3.5 billion for store expansion

By Arra B. Francia, Reporter ROBINSONS Retail Holdings, Inc. (RRHI) will be spending up to P3.5 billion in capital expenditures this year to support its development of 100 to 120 new stores. “We project to spend a total of P3 billion to P3.5 billion in capex for our planned organic store expansion this 2018,” RRHI […] The post RRHI to spend up to P3.5 billion for store expansion appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMay 28th, 2018

Lopez-led FPH sets P22-billion capex for 2018

By Victor V. Saulon, Sub-Editor LOPEZ-LED First Philippine Holdings Corp. (FPH) is setting aside a budget of P22 billion for 2018, with its property development segment cornering the bulk of the capital expenditures, the company treasurer said on Monday. “The total consolidated [capex] is about P22 billion. About more than half of that — P12 […] The post Lopez-led FPH sets P22-billion capex for 2018 appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMay 28th, 2018

Alsons: Bulk of 2018 capex for power projects

ALSONS Consolidated Resources, Inc. (ACR) is earmarking about P9 billion in capital expenditures (capex) for 2018, with the bulk of this amount to be spent on power projects, a top company official said. “Bulk is for power,” Alsons Chief Financial Officer Robert Yenko told reporters. Yenko said Alsons is completing this year the second 105-megawatt [...] The post Alsons: Bulk of 2018 capex for power projects appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsMay 28th, 2018

AboitizPower sets P62-B capex for 2018

Aboitiz Power Corp. has earmarked P62 billion for capital expenditures this year as it sees the commissioning of more than 500 megawatts of generating capacity in coal-fired and hydro power assets. In a briefing, AboitizPower president and chief operating officer Antonio R. Moraza said this was the bulk of the P77-billion capex that parent firm Aboitiz Equity Ventures (AEV) had set for 2018. Moraza said more than half of the P62 billion was set aside for subsidiary Therma Power's super-critical coal fired power plant in Dinginin, Bataan. GNPower Dinginin Ltd. Co., a joint venture with the Ayala group's AC Energy as well as the Greece-based Power Partner group, is building a 668-...Keep on reading: AboitizPower sets P62-B capex for 2018.....»»

Category: newsSource:  inquirerRelated NewsMay 21st, 2018

DMCI ramps up 2018 capex to P41 billion

Diversified engineering conglomerate DMCI Holdings Inc. is ramping up its capital expenditures this year to P41 billion to support expansion plans across its businesses......»»

Category: financeSource:  philstarRelated NewsMay 16th, 2018

DMCI sets P40.7-billion capex for 2018

DMCI Holdings, Inc. is setting aside P40.7 billion in capital expenditure this year, the bulk of which will go into its property and integrated energy businesses, company officials said on Tuesday, May 15. “Without Maynilad [Water Services, Inc.], capex is P31.5 billion,” said Herbert M. Consunji, DMCI chief finance officer, told reporters after the holding […] The post DMCI sets P40.7-billion capex for 2018 appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMay 15th, 2018

LT Group sets aside up to P11B for capex this year

By Arra B. Francia, Reporter LT GROUP, Inc. (LTG) plans to spend P10-11 billion for capital expenditures in 2018, the bulk of which will be allocated for its property unit in a bid to expand its recurring income. The holding company of tycoon Lucio C. Tan, Sr. has allocated P3 billion for Eton Properties Philippines, […] The post LT Group sets aside up to P11B for capex this year appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMay 8th, 2018

LT Group sets around P11 billion capex for 2018

LT Group, Inc. (LTG) plans to spend P10 billion to P11 billion for capital expenditures in 2018, amid expectations of a better year given the government’s move to address illicit activities in tobacco trade. The holding company of tycoon Lucio C. Tan, Sr. cited the government’s efforts in addressing underground cigarette firms produced locally and […] The post LT Group sets around P11 billion capex for 2018 appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsMay 8th, 2018