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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......»»

Category: financeSource:  philstarRelated NewsApr 5th, 2024

Petron reports 51 percent jump in 2023 earnings

The earnings of Petron Corp. jumped by 51 percent to P10.1 billion in 2023 from P6.7 billion in 2022, fueled by its wide presence and effective volume-generations strategies in the Philippines and Malaysia......»»

Category: financeSource:  philstarRelated NewsMar 5th, 2024

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......»»

Category: financeSource:  philstarRelated NewsJan 16th, 2024

First Gen income up 4 percent to P15.4 billion in 2023

Lopez-led power firm First Gen Corp. grew its income by four percent to P15.4 billion in 2023, from the previous year’s profit of P14.3 billion, mainly due to contributions from its geothermal subsidiary Energy Development Corp......»»

Category: financeSource:  philstarRelated NewsMar 23rd, 2024

Petron bags top taxpayer award from Navotas LGU

Oil giant Petron Corp. has been recognized by the city government of Navotas for its notable contributions as a taxpayer in 2023......»»

Category: financeSource:  philstarRelated NewsJan 21st, 2024

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......»»

Category: financeSource:  philstarRelated NewsApr 7th, 2024

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......»»

Category: financeSource:  philstarRelated NewsMar 18th, 2024

Maynilad nears maiden P15 billion blue bond issue

Maynilad Water Services Inc. moves closer to the issuance of its maiden blue bond sale of up to P15 billion after submitting necessary documents to regulators......»»

Category: financeSource:  philstarRelated NewsApr 3rd, 2024

Government raises IPAs project approval threshold to P15 billion

The government has increased the investment capital threshold assigned to investment promotion agencies (IPAs) to P15 billion in a bid to promote the ease of doing business......»»

Category: financeSource:  philstarRelated NewsFeb 16th, 2024

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......»»

Category: financeSource:  philstarRelated NewsMar 22nd, 2024

SRA allots P66-M fund for El Niño mitigation measures

SRA allots P66-M fund for El Niño mitigation measures.....»»

Category: newsSource:  sunstarRelated NewsMar 15th, 2024

Negros Occidental allots P2-M for energy development initiatives

Negros Occidental allots P2-M for energy development initiatives.....»»

Category: newsSource:  sunstarRelated NewsJan 13th, 2024

Naga lotto player wins P15.8 million jackpot

A bettor in Naga City in Camarines Sur won P15.8 million in the Mega Lotto 6/45 drawn on Wednesday night......»»

Category: newsSource:  philstarRelated NewsMar 8th, 2024

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......»»

Category: financeSource:  philstarRelated NewsJan 16th, 2024

PSE has until 2025 to spend money it raised in 2018

The PSE disclosed that its board of directors voted to approve an extension of the timeline for its disbursement of the P2.8 billion in net proceeds that it raised through a 2018 stock rights offering......»»

Category: financeSource:  philstarRelated NewsFeb 23rd, 2024

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......»»

Category: financeSource:  philstarRelated NewsFeb 16th, 2024

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......»»

Category: financeSource:  philstarRelated NewsApr 18th, 2024

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......»»

Category: financeSource:  philstarRelated NewsFeb 19th, 2024

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......»»

Category: financeSource:  philstarRelated NewsJan 18th, 2024

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......»»

Category: financeSource:  philstarRelated NewsApr 3rd, 2024