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PH launches $2-b global bond sale

The Philippines on Wednesday launched a $2-billion global bond sale to help finance the government’s 2017 budget and repay foreign debt......»»

Category: financeSource:  thestandardRelated NewsJan 18th, 2017

Corporate News: SMC allocates P281 billion for big-ticket projects

SAN MIGUEL Corp. (SMC) is spending P281 billion to finance the expansion of its businesses in line with efforts to grow its revenues by half and double earnings before interest, taxes, depreciation, and amortization (EBITDA) by 2020......»»

Category: financeSource:  bworldonlineRelated NewsJan 12th, 2017

Investments surge 20% to P441b

Investment projects approved by the Board of Investments surged 20.4 percent in 2016 to P441.8 billion from P366.7 billion in 2015, boosted by foreign commitments......»»

Category: financeSource:  thestandardRelated NewsJan 2nd, 2017

Foreign investments surge to $5.9b

Net inflows of foreign direct investments jumped 25 percent in the first nine months to $5.9 billion from $4.7 billion a year ago, on sustained investors’ confidence in the economy......»»

Category: financeSource:  thestandardRelated NewsDec 12th, 2016

Abaya’s turn

We have mixed reactions to the inclusion of former Transportation Secretary Joseph Emilio Abaya and six other transport officials in the graft suit in connection with the purchase of P3.8 billion worth of license plates during his stay at the department......»»

Category: newsSource:  thestandardRelated NewsDec 7th, 2016

Shakey’s gets final green light for IPO

SHAKEY'S Pizza Asia Ventures, Inc. has received the green light from The Philippine Stock Exchange, Inc. (PSE) to debut on the equities market with an initial public offering (IPO) amounting to P5.48 billion in mid-December......»»

Category: newsSource:  bworldonlineRelated NewsNov 25th, 2016

Govt eyes $1-b airport, railway

By Siegfrid Alegado and Cecilia Yap The Philippines plans to award at least $1 billion of contracts to build an airport and a railway to transform a former US military base into a commercial hub as part of President Rodrigo Duterte’s push to dist.....»»

Category: financeSource:  thestandardRelated NewsNov 17th, 2016

Puregold’s 1st 9-month earnings up 14%

MANILA, Philippines - Puregold Price Club Inc., the listed grocery retailer of businessman Lucio Co, reported a consolidated net income of P3.65 billion in t.....»»

Category: financeSource:  philstarRelated NewsNov 14th, 2016

Cebu Pacific earnings surge 97% in 9 months

MANILA, Philippines - Net earnings of the operator of budget carrier Cebu Pacific surged 97 percent in the January to September period from a year ago driven.....»»

Category: financeSource:  philstarRelated NewsNov 12th, 2016

SMC’s profit jumps to P43b

Conglomerate San Miguel Corp. said Thursday net income in the first nine-months of the year jumped 125 percent to P42.9 billion from P19.08 billion year-on-year, as all the core businesses posted double digit growth in terms of operating income......»»

Category: financeSource:  thestandardRelated NewsNov 10th, 2016

Semirara’s earnings jump 54% to P9.55b

Semirara’s earnings jump 54% to P9.55b.....»»

Category: financeSource:  thestandardRelated NewsNov 9th, 2016

MPIC expects higher ’16 earnings

MPIC expects higher ’16 earnings.....»»

Category: financeSource:  thestandardRelated NewsNov 8th, 2016

SM Prime books P17.5-b profit

SM Prime Holdings Inc., the country’s leading integrated property company, said Monday net income rose 15 percent in the third quarter to P4.9 billion from P4.2 billion a year ago, driven by the sustained growth of shopping mall and residential busi.....»»

Category: financeSource:  thestandardRelated NewsNov 7th, 2016

SEC reviewing PhilWeb sale

The Securities and Exchange Commission will review the appeal of PhilWeb Corp. to close the P2-billion block sale of founder Roberto Ongpin’s 53.76-percent stake in the company to businessman Gregorio Ma. Araneta III before conducting a mandatory te.....»»

Category: financeSource:  thestandardRelated NewsOct 23rd, 2016

‘Hello, China; goodbye, US’

BEIJING—President Rodrigo Duterte met with his Chinese counterpart Xi Jinping Thursday, state media said, with China committing more than $9 billion in concessionary loans to support Philippine development programs, including drug.  .....»»

Category: newsSource:  thestandardRelated NewsOct 20th, 2016

Foreign investments sustain rise

Foreign direct investments continued to rise in July, the first month in office of the Duterte administration, bringing the seven-month tally to a record $4.7 billion, amid the sustained investors’ positive outlook on the economy......»»

Category: financeSource:  thestandardRelated NewsOct 10th, 2016

Lucio Tan group to bid for Naia

Asia’s Emerging Dragon Corp., a company led by tycoon Lucio Tan, said Monday it will participate in the auction for the $1.65-billion redevelopment of Ninoy Aquino International Airport under the public-private partnership scheme......»»

Category: financeSource:  thestandardRelated NewsOct 3rd, 2016

New rules to close Malampaya

The $4.5-billion Malampaya gas-to-power project may be forced to shut down if the government pursues the implementation of the Environment Department’s new effluent standards, an industry executive said Tuesday. .....»»

Category: financeSource:  thestandardRelated NewsSep 13th, 2016

Aboitiz Power eyeing Chevron’s Asia assets

Aboitiz Power Corp. will team up with Japan’s Marubeni Corp. in bidding for roughly $3 billion worth of geothermal assets of Chevron in Indonesia and the Philippines, a top company official said Thursday night......»»

Category: financeSource:  thestandardRelated NewsSep 9th, 2016

DBM cuts judiciary’s budget by over P 7-billion

DBM cuts judiciary’s budget by over P 7-billion.....»»

Category: newsSource:  thestandardRelated NewsSep 8th, 2016