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NAIA project eyed to jumpstart P40 billion Maharlika investments
The Maharlika Investment Corp. is setting its sights on the recently awarded Ninoy Aquino International Airport rehabilitation as one of about 10 projects where it intends to invest the MIC’s P40-billion funding this year......»»
Landmark power joint venture to cost $3.3 billion
Energy powerhouses Meralco PowerGen Corp. (MGen), Aboitiz Power Corp. and San Miguel Global Power Holdings Corp. (SMGP) have forged a $3.3-billion deal to help boost the country’s energy security and make affordable power accessible to more consumers......»»
Comelec grants P18-billion election contract to Korean-led consortium
MANILA, Philippines — The Commission on Elections (Comelec) has approved a nearly P18 billion contract to lease an automated election system for the 2025 midterm polls to a joint venture led by the controversial South Korean company Miru Systems Co. Ltd. Comelec Chair George Garcia announced the decision on Thursday, stating that the poll body unanimously.....»»
Maharashtra signs MoUs of over Rs 4 lakh crore at World Economic Forum, says CM Shinde
Davos [Switzerland], January 17 (ANI): Maharashtra Chief Minister Eknath Shinde on Wednesday said that the state has signed MoUs of more than Rs 4 lakh crore, i.e., around 46 billion, here on the sidelines of the World Economic Forum Annual Meeting. Speaking to ANI, CM Shinde said, "People are excited to invest in Maharashtra. Including today and yesterday, various MoUs were signed. We expected around 3 lakh crores, but M.....»»
Maharashtra signed MoUs of over Rs 4 lakh crore at World Economic Forum, says CM Shinde
By Ravi KhandelwalDavos [Switzerland], January 17 (ANI): Maharashtra Chief Minister Eknath Shinde on Wednesday said that the state has signed MoUs of more than Rs 4 lakh crore, i.e., around 46 billion, here on the sidelines of the World Economic Forum Annual Meeting. Speaking to ANI, CM Shinde said, "People are excited to invest in Maharashtra. Including today and yesterday, various MoUs were signed. We expected around 3.....»»
Maharashtra signs MoUs of over Rs 4 lakh crore at World Economic Forum, says CM Shinde
Davos [Switzerland], January 17 (ANI): Maharashtra Chief Minister Eknath Shinde on Wednesday said that the state has signed MoUs of more than Rs 4 lakh crore, i.e., around 46 billion, here on the sidelines of the World Economic Forum Annual Meeting. Speaking to ANI, CM Shinde said, "People are excited to invest in Maharashtra. Including today and yesterday, various MoUs were signed. We expected around 3 lakh crores, but M.....»»
Maharashtra signed MoUs of over Rs 4 lakh crore at World Economic Forum, says CM Shinde
By Ravi KhandelwalDavos [Switzerland], January 17 (ANI): Maharashtra Chief Minister Eknath Shinde on Wednesday said that the state has signed MoUs of more than Rs 4 lakh crore, i.e., around 46 billion, here on the sidelines of the World Economic Forum Annual Meeting. Speaking to ANI, CM Shinde said, "People are excited to invest in Maharashtra. Including today and yesterday, various MoUs were signed. We expected around 3.....»»
IFC investing $500 million to address Philippines development challenges
The private sector arm of the World Bank Group is aiming to invest up to $500 million in the current fiscal year in the Philippines to support efforts to address climate change, financial inclusion and infrastructure development......»»
Media miss possible conflict of interest in Comelec deal
THE COMMISSION on Elections (Comelec) and the joint venture led by South Korean firm Miru Systems Co. Ltd. signed on March 11 a PHP17.9 billion contract for the lease and use of the.....»»
RLC-Hongkong Land JV eyes next Philippines project
Gokongwei-led real estate giant Robinsons Land Corp. and international property development group Hongkong Land are scouting for their next big project in the Philippines following the success of their maiden venture......»»
Razon unit strengthens exposure in water infrastructure
The Razon Group’s joint venture with a privately owned Australian construction company plans to beef up its presence in the water infrastructure space to support its growth in the coming years......»»
Vista Land brews up new coffee venture
The Villar Group of Companies is further capitalizing on Manila’s caffeine culture with the launch of Coffee Project Co-Lab, designed to be a haven for coffee enthusiasts who could use a safe and cozy space conducive to both productivity and leisure......»»
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......»»
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......»»
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......»»
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.....»»
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.....»»
Boulevard Holdings sells 1.5-B shares to ownership group
Boulevard Holdings advised that its stockholders approved a measure to increase BHI’s authorized capital stock from 17 billion shares to 18.5 billion shares, and to sell the 1.5 billion shares to a company called Puerto Azul Landn Inc., which is also owned and controlled by the Panlilio family......»»
The Wallenberg whirlwind trip
It may have been a quick three-day trip to the Philippines of a member of Sweden’s richest business family, but Mr. Marcus Wallenberg, chairman of both SEB, a leading North European financial group with a current market value of $30.61 billion (approximately P1.7 trillion) as of March 2024, and Saab, a prominent Swedish defense and security company with a market value of $10.36 billion (roughly P580.18 billion) as of the same period, managed to pack in several key meetings on his second day......»»
Asian Age Group C ship: Iran Beats Singapore
TEHRAN (Tasnim) - Iran's youth water polo team defeated Singapore 19-8 at the 11th Asian Age Group Championship on Thursday. - Sports news - Iran had previously defeated Malaysia, Sri Lanka and Kazakhstan in Group B.Iran will meet the winner of Uzbekistan and China in the semifinal on Friday.The 11th Asian Age Group Championships include four aquatic disciplines, namely swimming, diving, water.....»»