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AEV hikes capex to P153 billion
Aboitiz Equity Ventures Inc. is hiking its capital expenditures by 135 percent to P153 billion this year as it gears up for another phase of growth and innovation......»»
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......»»
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......»»
Jollibee spending P23 billion for capex
Jollibee Foods Corp. is spending as much as P23 billion this year to sustain its growth momentum after posting strong profitability in 2023......»»
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......»»
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......»»
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......»»
Phinma allots P4.5 billion for 2024 capex
The Phinma Group has earmarked P4.48 billion for capital expenditures this year to sustain the company’s growth momentum......»»
SMIC allots P115 billion for 2024 capex
SM Investments Corp., the investment holding company of the Sy family, is spending up to P115 billion this year for the continuing expansion of its various businesses......»»
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......»»
Financial system resources up 9 percent in January
The total resources of the country’s financial system continued to breach the P30-trillion level, rising by almost nine percent as of end-January, preliminary data from the Bangko Sentral ng Pilipinas (BSP) showed......»»
Investors swarm T-bond auction
Investors swarmed the latest offering of long-term securities, resulting in slightly lower rates and allowing the government to raise P30 billion......»»
Badoy guilty of indirect contempt for threats vs judge
The Supreme Court has slapped a P30,000 fine against Lorraine Badoy, former spokesperson for the National Task Force to End Local Communist Armed Conflict for indirect contempt over her “vitriolic statements and outright threats” against a judge......»»
SC: Lorraine Badoy guilty of indirect contempt for red tagging judge
MANILA, Philippines — Loraine Badoy-Partosa, former spokesperson of the government’s anti-insurgency task force, has been found guilty by the Supreme Court (SC) of indirect contempt for red-tagging a Manila Regional Trial Court (RTC) judge. Badoy was ordered to pay a fine of P30,000 and warned against repeating the same or similar acts in the future,.....»»
T-bond rates up slightly
The government borrowed P30 billion from the domestic debt market at a slightly higher rates ahead of the policy decision of the US Federal Reserve......»»
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......»»
Philippines logs 40 pertussis deaths this year
MANILA, March 28 (Xinhua) -- Forty children have died of whopping cough, a respiratory infection also called pertussis, since this year, the Philippines' Department of Health (DOH) has reported. The DOH said in a statement on Wednesday that cases have continued to increase since the start of this year, recording 568 cases from Jan. 1 to March 16. "The total number of cases for the same period in 2023 was.....»»
Looking ahead versus looking behind
Most of my clients did very well last year and are so bullish they see this year as another good one. A few clients of mine did not hit targets, and as they enter the new year, they are still fighting off the feeling of disappointment they had. Though this is business, there is another term for it, and it is called “life!”.....»»
More Pinoys eye new loans this year
Eight in every 10 Filipinos saw more accessible credit options last year, with more than 50 percent of them eyeing to take new loans this year......»»
'Will not leave any stone unturned to repay this debt of affection': PM Modi in J-K
Srinagar (Jammu and Kashmir) [India], March 7 (ANI): Prime Minister Narendra Modi on Thursday extended gratitude to the people of Jammu and Kashmir for the affection he has received and said that he will not leave any stone unturned to repay this debt of affection. "Modi will not leave any stone unturned to repay this debt of affection. I am doing all this hard work to win your hearts and I believe that I am on the right.....»»