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NLEX allots P15 billion for 2024 capex
The North Luzon Expressway Corp. is raising its 2024 capital expenditures to P15 billion to embark on new projects and complete ongoing efforts......»»
Davao Light allots P2.4 billion for 2023 capex
Davao Light and Power Co., a unit of Aboitiz Power Corp., is looking to sustain its high level of capital spending next year as it ramps up power capacity in its franchise area......»»
Alliance Global allots P70 billion for 2023 capex
Alliance Global Group Inc. of tycoon Andrew Tan is allocating P70 billion for its capital expenditures this year, 23 percent higher than the year ago to sustain the strong growth momentum of its domestic and international operations......»»
FPHC allots P80 billion capex for 2023
First Philippine Holdings Corp., the listed holding company of the Lopez Group, has earmarked P80 billion for capital expenditures this year to support the growth of its business units......»»
DITO packaging $1.17-B China loan
DITO Telecommunity Corp. expects to complete the renewal of its $1.175-billion loan from Bank of China and the China Minsheng Bangking Corp. this year. “The bridge facility is to be repaid and absorbed via a $3.9 billion project finance long-term facility currently being finalized by DITO Tel’s senior management, with target closing this year,” DITO parent company DITO CME Holding Corp. said in a stock report on Friday. Early this year, DITO said it will pursue capital infusions on top of cost-cutting measures to prevent losses from piling up. According to DITO, telecommunications is a capital-intensive business due to the required infrastructure for its network operations. With only three years in operations, the company is still not yet profitable given this nature. P27-B capex for year For this year, the company plans to only spend P27 billion to bankroll network buildup and commitments to the government. Although the capital expenditure allotted was way lower than the P50 billion spent last year, the company said it is still within the spending range committed to the government as the third telco. In September 2022, DITO passed its third government-mandated technical audit measuring its compliance with its network coverage and internet speed commitments. As part of the issuance of its Certificate of public convenience and necessity in July 2019, DITO needs to record 70.01 percent network reach with a minimum speed of 55 Mbps in the third year of its commitment period. If DITO fails to fulfill its commitments on time, the government forfeits, in its favor, the P25.7 billion performance bond that DITO paid before construction activities. DITO has promised to cover 84 percent of the Philippines and offer a minimum average speed of at least 55 Mbps by the end of its commitment. The post DITO packaging $1.17-B China loan appeared first on Daily Tribune......»»
JG Summit allots P73 billion for this year’s capex
JG Summit Holdings Inc., the listed conglomerate of the Gokongwei Group, sees better prospects this year following a rebound across its businesses last year and the first quarter of 2023......»»
Meralco allots P24 billion capex for next year
Manila Electric Co. is allotting over P24 billion in capital expenditures next year......»»
Monde Nissin allots P26.5 billion for capex
Snacks food giant Monde Nissin Corp. will spend P26.5 billion for capital expenditures through 2023......»»
Robinsons Bank allots P1 billion for capex
Robinsons Bank Corp. has earmarked close to P1 billion for its capital expenditures this year, particularly to finance information technology-related projects amid the shift in consumer behavior due to the COVID-19 pandemic......»»
Megaworld allots P36 billion for 2021 capex
Megaworld Corp. is setting aside P36 billion for capital expenditures this year, up 29 percent from the P27.9 billion spent last year......»»
LT Group allots P9.7 billion for capex
LT Group Inc., the listed holding company of taipan Lucio Tan, is pouring in P9.7 billion in capital expenditures this year, a 94 percent jump from the P5 billion spent in 2020 on expectations of recovery......»»
MPTC allots P30 billion capex for 2021
Metro Pacific Tollways Corp. is alloting more than P30 billion for capital expenditures for this year as it ramps up construction of vital infrastructure projects which are set for completion in the next two years......»»
EDC allots P17 billion capex this year
Lopez-led Energy Development Corp. is spending P17 billion this year to ensure long-term growth......»»
Semirara Mining allots P4 billion capex this year
Listed integrated energy company Semirara Mining and Power Corp. has set a P4-billion capital expenditure this year as it eyes to recover from last year’s slump due to the COVID-19 pandemic......»»
Monde Nissin allots P26.5 billion capex for 3 years
Monde Nissin Corp., the Filipino snack foods and noodles giant which is set to embark on a record P63-billion initial public offering, is setting aside P26.5 billion in capital expenditures in the next three years......»»
Jollibee allots P12.2b for 2021 capex, plans to open 450 stores
Restaurant chain operator Jollibee Foods Corp. said Monday it earmarked P12.2 billion in capital expenditures this year to fund the opening of new stores as it expects sales and profit to recover in 2021......»»
GMA allots P20 billion for 3-year capex
GMA Network Inc. has earmarked more than P20 billion for its capital expenditures in the next three years as it goes full blast on content production and digital TV expansion......»»
Globe gains momentum on data and video experience improvements
Globe has been consistently upgrading its network and accelerating infra builds as part of its efforts to provide better data experience and connectivity to its subscribers. Prior to the pandemic in 2019, Globe spent P51 billion in capex to increase its builds, putting up 139% more cell sites compared to 2018. As a result, 4G base stations of the company increased, putting up 28% more than 2018, doubling the deployment of massive MIMO (multiple input, multiple output) sites, thus considerably adding more data capacity......»»
Vista Land allots P25 billion for capex
Villar-owned Vista Land & Lifescapes Inc. is alloting P25 billion for capital expenditures for the year, of which the company has already spent P6.5 billion in the first quarter......»»
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......»»