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Metro Pacific exploring purchase of Ayala Corp.’s LRT-1 stake

Back in mid-January, news broke that Ayala Corp. was looking to sell its 35% stake in Light Rail Manila Corp. to the Villar Group, but that AC’s co-investor, Metro Pacific Investments, had the right of first refusal under its shareholders agreement......»»

Category: financeSource:  philstarRelated NewsFeb 22nd, 2024

Japanese firm to double stake in REDC

Japanese conglomerate Tokai Corp. will double its equity exposure in Repower Energy Development Corp., a subsidiary of Pure Energy Holdings Corp......»»

Category: financeSource:  philstarRelated NewsFeb 14th, 2024

MVP Group dominates 20th Philippine Quill Awards

It was a triumphant night for the MVP Group of Companies, encompassing leading entities such as Light Rail Manila Corp., Manila Electric Co., Maynilad Water Services Inc., PLDT, Smart Communications Inc., Makati Medical Center, Maya, Metro Pacific Dumaguete Water Services Inc., Metro Pacific Tollways South Management Corp., Metro Pacific Investments Corp., Meralco – One Meralco Foundation and Metro Pacific Investments Foundation, as its member companies secured a staggering total of 87 awards at the 20th Philippine Quill Awards, organized by the International Association of Business Communicators......»»

Category: financeSource:  philstarRelated NewsFeb 3rd, 2024

Ayala Corp. is interested in selling LRT-1 stake to Villar Group

Bilyonaryo is reporting from a source that Ayala Corp. is interested in selling its 35% stake in Light Rail Manila Corp.  to Manny Villar, but that Metro Pacific Investments, AC’s co-investor in LRMC, has a right of first refusal......»»

Category: financeSource:  philstarRelated NewsJan 16th, 2024

Ayala Corp. impacted by Mitsubishi’s discount stake sale

Ayala Corp shares were down as much as 5.7% yesterday on news that Mitsubishi Corp. has started a process to sell 8.6 million AC common shares at a 7% to 9% discount to Wednesday’s P696/share close......»»

Category: financeSource:  philstarRelated NewsJan 11th, 2024

Korea mulls $3 billion financing facility

The Korean government is looking at establishing a $3-billion funding facility for the Philippines to finance various projects......»»

Category: financeSource:  philstarRelated NewsMay 9th, 2024

Philippines mulls cloud seeding to quench drought

MANILA, April 30 (Xinhua) -- A government official said Tuesday that the Philippines is mulling cloud seeding to quench the country's thirst amid the drought caused by the El Nino phenomenon, which has affected 2.9 million people. Task Force El Nino spokesperson Joey Villarama told reporters that 131 cities and municipalities across the country have declared a state of calamity in response to the devastating eff.....»»

Category: newsSource:  manilanewsRelated NewsMay 1st, 2024

PNP mulls holding Alvarez liable for sedition

The Philippine National Police is studying if Davao del Norte 1st District Rep. Pantaleon Alvarez can be held liable for inciting to sedition after the lawmaker urged the military to withdraw its support for President Marcos......»»

Category: newsSource:  philstarRelated NewsApr 16th, 2024

SC mulls use of AI translators, podcasts about cases

BAGUIO CITY, Philippines — Imagine adaptive algorithms translating courtroom exchanges from English to major Filipino dialects in real time for the benefit of litigants, or podcasts that explain the scope and impact of landmark decisions to average citizens. These are just samples of the technological and educational innovations that may soon be embraced by the.....»»

Category: newsSource:  inquirerRelated NewsApr 14th, 2024

PDEA mulls suing vlogger over Marcos watchlist docs

The Philippine Drug Enforcement Agency is eyeing criminal charges against a vlogger who used documents purportedly from the PDEA, which the agency said were fake, in claiming President Marcos was on the drug watchlist......»»

Category: newsSource:  philstarRelated NewsApr 11th, 2024

Marubeni mulls RE foray, industrial estate development in Philippines

Japanese trading giant Marubeni is mulling an industrial estate comeback in the Philippines, while also exploring possible ventures into the renewable energy space......»»

Category: financeSource:  philstarRelated NewsApr 1st, 2024

Capitol mulls putting ‘integrated south bus’ terminal in Talisay instead of at SRP

CEBU CITY, Philippines — Instead of at the South Road Properties (SRP), the new location of a new south bus terminal in Cebu might be in Talisay City. Cebu Gov. Gwendolyn Garcia on Wednesday, Mar. 27, said that they had received an unsolicited proposal of developing a brand new, south bus terminal. READ: Mayor Rama.....»»

Category: newsSource:  inquirerRelated NewsMar 28th, 2024

DOJ mulls another autopsy on Percy Lapid slay suspect

The Department of Justice said that it ordered to conduct another autopsy on former Bureau of Corrections (BuCor) Deputy Security Officer Ricardo Zulueta, a co-accused in the Percival Mabasa or Percy Lapid slay case......»»

Category: newsSource:  philstarRelated NewsMar 20th, 2024

NFA mulls hike in selling price

The National Food Authority is considering raising its selling price of rice to as much as P36 per kilogram to recover its costs and keep profit margins after it increased its palay buying price last year......»»

Category: financeSource:  philstarRelated NewsMar 6th, 2024

DOF mulls mining tax tweaks for royalties, windfall profits

The Department of Finance is pushing for higher rates and fewer tiers in taxing the extractive sector, but the mining industry argued that the proposed structure would make the sector more uncompetitive......»»

Category: financeSource:  philstarRelated NewsMar 6th, 2024

Lufthansa mulls return of direct flights to Manila

Germany’s flag carrier Lufthansa is assessing the viability of flying back to Manila as part of its expansion plans in Southeast Asia......»»

Category: financeSource:  philstarRelated NewsMar 4th, 2024

Biden says Israel agrees to stop Gaza attacks for Ramadan as Hamas mulls draft truce proposal

The draft proposal, which would allow hospitals and bakeries in Gaza to be repaired and 500 aid trucks to enter the battered enclave every day, is the most serious attempt in weeks to end the conflict.....»»

Category: newsSource:  rapplerRelated NewsFeb 27th, 2024

Rebisco mulls 3rd volleyball team

Is a third Rebisco-backed team coming to the Premier Volleyball League (PVL)?.....»»

Category: sportsSource:  philstarRelated NewsFeb 9th, 2024

Philippines mulls defense asset acquisition from Sweden

The Philippines, through the Department of National Defense , is exploring the possibility of acquiring defense assets from Sweden......»»

Category: newsSource:  philstarRelated NewsFeb 2nd, 2024

Duterte mulls PI for Mindanao secession

After accusing President Marcos of being behind the people’s initiative signature campaign to change the Constitution, former president Rodrigo Duterte has put forward the idea of Mindanao seceding from the rest of the Philippines......»»

Category: newsSource:  philstarRelated NewsFeb 1st, 2024