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Globe sets 2024 capex at P55 billion, a 5-year low

Mobile giant Globe Telecom Inc. is bringing down its capital expenditures to a five-year low of P55 billion in 2024, as the telco works on attaining a certain cost efficiency for financial health......»»

Category: newsSource:  philstarRelated NewsFeb 7th, 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

Monde Nissin earmarks P7.2 billion for capex to boost capacity

Snack food giant Monde Nissin Corp. is nearly doubling its capital spending this year to beef up its capacity......»»

Category: financeSource:  philstarRelated NewsApr 14th, 2024

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

Converge doubling capex in 2024

Broadband provider Converge ICT Solutions Inc. is doubling its capital expenditures to as much as P19 billion this year to pay for new projects that aim to improve customer experience......»»

Category: financeSource:  philstarRelated NewsMar 18th, 2024

DigiPlus allots P100 million for corporate outreach

Listed retail gaming provider DigiPlus Interactive Corp. is raising five-fold its planned spending on various projects and initiatives that provide support to important causes through the BingoPlus Foundation......»»

Category: financeSource:  philstarRelated NewsMar 5th, 2024

DOH allots P55 million for cervical, breast cancer screening

The Department of Health has allocated P55 million to meet its target of screening three million women for cervical and breast cancer this year......»»

Category: newsSource:  philstarRelated NewsFeb 19th, 2024

DSWD allots Php537M emergency cash aid to shear line, quake-hit families in Samar, Mindanao

Three Field Offices of the Department of Social Welfare and Development (DSWD) started on January 18 the simultaneous payout of cash assistance, through the Emergency Cash Transfer (ECT) program, for the families affected by a triad of disasters that occurred in the last quarter of 2023 to help them recover and resume their normal lives. […].....»»

Category: newsSource:  inquirerRelated NewsJan 28th, 2024

Aboitiz Group raises 2024 capex

The Aboitiz Group is poised to expand its various business units this year, supported by a substantial increase in capital expenditures......»»

Category: financeSource:  philstarRelated NewsMar 22nd, 2024

Nickel Asia sees better ore output, slashes capex

Nickel Asia Corp expects better ore output this year, driven by the start of two new mine operations and the possible increase in global nickel prices......»»

Category: financeSource:  philstarRelated NewsMar 15th, 2024

ICTSI on expansion mode; raises capex to $450 million

International Terminal Services Container Inc. has raised its capital expenditures to $450 million this year to pursue new expansion projects......»»

Category: financeSource:  philstarRelated NewsMar 1st, 2024

Approved foreign investments into Philippines fall 63.6 pct in Q1

MANILA, May 16 (Xinhua) -- The approved foreign investments into the Philippines in the first quarter of 2024 reached 148.43 billion pesos (roughly 2.59 billion U.S. dollars), marking a 63.6 percent decrease year over year, the Philippine Statistics Authority (PSA) said on Thursday. The statistics agency said Singapore posted the highest investment commitment, amounting to 70.06 billion pesos (1.22 billion dolla.....»»

Category: newsSource:  manilanewsRelated NewsMay 17th, 2024

MacroAsia FY23 profit: P1.1-B (up 132%)

MacroAsia posted an FY23 net income of P1.07 billion, up 132% from its FY22 net income of P0.46 billion, lifted by a 74% increase in in-flight catering revenues to P3.98 billion and a 53% increase in ground handling and aviation services to P3.14 billion......»»

Category: sportsSource:  abscbnRelated NewsApr 3rd, 2024

MacroAsia FY23 profit: P1.1-B (up 132%)

MacroAsia posted an FY23 net income of P1.07 billion, up 132% from its FY22 net income of P0.46 billion, lifted by a 74% increase in in-flight catering revenues to P3.98 billion and a 53% increase in ground handling and aviation services to P3.14 billion......»»

Category: sportsSource:  abscbnRelated NewsApr 3rd, 2024

Filinvest cleared to sell P10 billion fixed bonds

Gotianun-led Filinvest Development Corp. received yesterday its permit to sell up to P10 billion in fixed bonds consisting of a base offer of P7 billion and an oversubscription option of P3 billion......»»

Category: financeSource:  philstarRelated NewsJan 24th, 2024

Philippine remittances rise by 2.9 pct in November

MANILA, Jan. 15 (Xinhua) -- Personal remittances from overseas Filipinos reached 3 billion U.S. dollars in November 2023, 2.9 percent higher than the 2.9 billion dollars recorded in November 2022, the Philippine central bank said Monday. The Bangko Sentral ng Pilipinas (BSP) said the cumulative personal remittances grew by 2.9 percent to 33.6 billion dollars in the first 11 months of 2023 from 32.6 billion dolla.....»»

Category: newsSource:  manilanewsRelated NewsJan 15th, 2024

Philippine remittances rise by 2.9 pct in November

MANILA, Jan. 15 (Xinhua) -- Personal remittances from overseas Filipinos reached 3 billion U.S. dollars in November 2023, 2.9 percent higher than the 2.9 billion dollars recorded in November 2022, the Philippine central bank said Monday. The Bangko Sentral ng Pilipinas (BSP) said the cumulative personal remittances grew by 2.9 percent to 33.6 billion dollars in the first 11 months of 2023 from 32.6 billion dolla.....»»

Category: newsSource:  philippinetimesRelated NewsJan 15th, 2024

Security Bank earns P2.6 billion in Q1

Security Bank Corp. earned 11 percent more to P2.62 billion in the first three months from P2.36 billion in the same period last year amid the robust growth in the bank’s retail and micro, small, medium enterprise businesses......»»

Category: financeSource:  philstarRelated NewsMay 15th, 2024

RCBC income nets P2.2 billion in Q1

Rizal Commercial Banking Corp. reported a net profit of P2.2 billion in the first quarter, 39.4 percent lower compared to the P3.64 billion recorded in the comparable quarter last year......»»

Category: financeSource:  philstarRelated NewsMay 13th, 2024

Cebu Landmasters reports P6.235 billion revenue for Q1 2024

During the annual stockholder’s meeting on Friday, Jose Franco Soberano, the firm’s senior executive vice president, said that the company's first-quarter revenue in 2024 surged by 31%, reaching P6.235 billion from P4.777 billion last year......»»

Category: financeSource:  philstarRelated NewsMay 10th, 2024