ALI spending P100 billion for projects this year
Ayala Land Inc, the listed property giant of the Ayala Group, is ramping up its investments this year with capital spending returning to pre-pandemic level......»»
Philippines approved investment projects up 73 pct in 2023
MANILA, Jan. 14 (Xinhua) -- The approved investment projects in 2023 amounted to 1.26 trillion pesos (roughly 22.5 billion U.S. dollars) in 2023, 73 percent higher than in 2022, Philippine Department of Finance (DOF) said Sunday. Citing an updated report of Board of Investments (BOI), the DOF said in a press release that the approved investments comprised 311 projects, mainly on renewable energy, telecommunicati.....»»
EDC sets P40 billion capex, raises P10 billion from green bonds
Energy Development Corp., the renewable energy subsidiary of First Gen Corp., is spending P40 billion this year to bolster its portfolio and support geothermal development in the country......»»
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......»»
PPA to spend P3.5 billion for upgrade of ports
As shippers suffer from the fallout of the Red Sea conflict, the Philippine Ports Authority (PPA) is spending P3.5 billion this year for port upgrades to minimize the impact of external disruptions on the local industry......»»
Agencies pledge P900M projects for Lapu-Lapu City at CDC
LAPU-LAPU CITY, Cebu — Lapu-Lapu City residents can expect more projects and programs next year, including road repairs, drainage projects, and health-related programs. During the City Development Council (CDC) full council meeting on Monday, March 4, 2024, the Department of Public Works and Highways (DPWH) pledged P5.385 million for Lapu-Lapu City in 2025. The amount.....»»
15 PPP projects up for approval this year
Around 15 public-private partnership projects are expected to be submitted to the National Economic and Development Authority Board for approval this year, according to the PPP Center......»»
Government arsenal spending up 420 percent but misses production target
The Government Arsenal increased its spending in 2023 by 420 percent, but still failed to meet its ammunition production target for the year, according to a report from the Commission on Audit......»»
NLEX seeks P5 billion funding for decongestion projects
The concessionaire managing the North Luzon Expressway (NLEX) plans to raise as much as P5 billion this year to fund expansion projects that would improve traveling experience......»»
Japan commits P84 billion projects for Philippines
The Japanese government has committed P84 billion worth of projects for the Philippines until early next year, according to the Department of Finance......»»
Maharlika fund to invest P35 billion for projects in 2024
State-run Maharlika Investment Corp. will invest P35 billion in various projects this year, particularly on energy, mass housing and transportation......»»
DBP lends P2 billion for Palawan infrastructure projects
State-run Development Bank of the Philippines has extended a P2-billion loan financing to the local government of Palawan for vital public infrastructure projects including the upgrade of road network......»»
Manila Water spending P800 million to expand Mandaluyong sewers
Manila Water Co. Inc. of tycoon Enrique Razon is spending P800 million to expand its sewer services coverage in the East Zone that is expected to be completed by the fourth quarter of next year......»»
Manila Water spending P271 million for Quezon City sewerage upgrade
Manila Water Co. Inc. of ports and power tycoon Enrique Razon is spending P271 million to enhance water services to over 1.4 million households in Quezon City by improving its sewer network this year......»»
Completion of new projects boosts ALLHC’s hopes this year
The completion of new projects is seen boosting the financial performance of AyalaLand Logistics Holdings Corp. (ALLHC) this year after lower revenues pulled down the company’s earnings in 2023......»»
Figaro spending P1 billion this year for group-wide store expansion
Figaro Coffee Group Inc. (FCG) is earmarking about P1 billion for capital expenditures this year to sustain its growth......»»
SteelAsia to recycle rebars for ALI, MDC
Ayala Land Inc. SteelAsia Manufacturing and Makati Development Corp. have signed a memorandum of understanding for a groundbreaking collaboration advancing circular economy and decarbonization methods in the construction industry......»»
Cebu City Council slashes Rama’s proposed P100B budget to P25B
CEBU CITY, Philippines — Cebu City Mayor Michael Rama’s proposed P100 billion budget for 2024 was reduced to P25 billion by the City Council, which overrode the mayor’s veto. Councilor Jocelyn Pesquera, vice chairperson of the council’s Committee on Budget and Finance, confirmed the decision on Wednesday, Jan. 24, emphasizing that all provisions in the.....»»
Philippines bows down to Iraq in FIFA Qualifiers
CEBU CITY, Philippines — Mohanad Ali scored a late goal for Iraq that sent the Philippines to the bottom of Group F in the FIFA World Cup 2026 and AFC Asian Cup Qualifiers on Friday, March 21 (March 22, Manila Time) at the Basra International Stadium in Iraq. With the defeat, the Philippines’ chances to.....»»
ALI merging 34 subsidiaries for operational synergies
Property giant Ayala Land Inc. is merging almost three dozen subsidiaries to simplify ownership structure......»»
Government steps up spending in April
The government increased its releases of cash allocations and state agencies were able to improve their spending rate as of April, latest data from the Department of Budget and Management (DBM) showed......»»