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AboitizPower eyes additional 1200 MW of renewable energy
Aboitiz Power Corp. is planning to develop mostly solar and wind power plants in the country as part of efforts to boost its renewable energy portfolio to about 1200 megawatts......»»
CREIT income rises to P1.4 billion in 2023
Robust revenues driven by its green asset portfolio expansion boosted earnings of Citicore Energy REIT Corp. by 12 percent to P1.4 billion in 2023......»»
Hot money returns to net inflow in February
More foreign portfolio investments flowed into the Philippines in February, snapping two straight months of net outflows, amid the government’s retail Treasury bond offering......»»
DMCI Homes earmarks P16 billion for capex in 2024
DMCI Homes, the property development arm of the Consunji Group, is allocating around P16 billion in capital expenditures this year to expand its portfolio......»»
Belle to start P5.3 billion tender for PLC shares
Belle Corp., one of the portfolio investments of the Sy family’s SM Investments Corp., will start tomorrow its P5.3 billion tender offer to buy out the minority shareholders of subsidiary Premium Leisure Corp. , which will result in the latter’s delisting from the Philippine Stock Exchange......»»
ACEN, BrightNight partner anew for renewable energy
ACEN, the Ayala Group’s listed energy company, has partnered with US-based BrightNight for the development, construction and operation of an initial one gigawatt renewable energy portfolio in the Philippines......»»
EastWest Bank profit hits P6.1 billion
Gotianun-led EastWest Banking Corp. saw its net income jump by 32 percent to P6.1 billion in 2023 from P4.6 billion in 2022 on the back of double-digit growth in loan portfolio and stable funding sources......»»
SM conglomerate optimistic on growth prospects for 2024
Conglomerate SM Investments Corp. of the Sy family is cautiously optimistic for 2024, but remains committed to stay on growth mode after solid contributions from its core businesses and higher earnings contribution from portfolio investments, which lifted earnings by a quarter to P77 billion in 2023......»»
South Korea’s Yoon, Meta’s Zuckerberg discuss AI, digital ecosystems
South Korean President Yoon Suk-yeol says its portfolio of smart home appliances, wearable devices, and smart cars offered a good platform for Meta's AI technology.....»»
SM Investments FY23 net income up 25% to P77-B
SM Investments teased its FY23 results with a headline 25% improvement in its net income to P77.0 billion, backed by an 11% increase in consolidated revenues and strong performances across its portfolio, particularly in the banking and property development segments......»»
GCash says IPO not yet a priority
E-wallet pioneer GCash is in no hurry to go public anytime soon, as it wants to prioritize the growth of its portfolio with the app expanding abroad......»»
MPIC to pursue buyout of Ayala stake in LRT-1
Metro Pacific Investments Corp. plans to buy out the 35 percent stake of the Ayalas in the operator of Light Rail Transit Line 1 to beef up MPIC’s portfolio for its eventual bid for other railways......»»
Tagaytay Highlands expands lineup of premium residences
Tagaytay Highlands continues to diversify its portfolio of properties on offer with Highland Residences, a mid-rise condominium development specially crafted to embody mountain living ideals where indoor and outdoor adventures come together in one luxury address......»»
BPI eyes return to debt markets in 1st half
Bank of the Philippine Islands is looking to tap the local and foreign debt markets within the first half of the year to raise funds to refinance its maturing obligations and beef up its lending portfolio......»»
Disney, Fox, Warner Bros Discovery to create joint sports streaming platform
Fox Corp, Walt Disney’s ESPN and Warner Bros Discovery said on Tuesday they would launch a sports streaming service later this autumn to capture younger viewers who would not be tuned in to television. The media companies will form a joint venture to create a new service from their broad portfolio of professional and collegiate.....»»
Axelum to expand global reach
With the entry of Manuel V. Pangilinan-led Metro Pacific Investments Corp. as a strategic investor, Axelum Resources Corp. is now looking to embark on a strategic program that includes expanding its global reach and product portfolio to anchor long-term growth......»»
MVP, Cabangon ink TV content deal
Business titan Manuel V. Pangilinan’s broadcast venture is going all-out in expanding its portfolio and presence, signing a content distribution agreement with the company that used to operate CNN Philippines......»»
Tallest Megaworld hotel to rise in Pasig
Real estate giant Megaworld is building the tallest hotel development in its portfolio - a 31-story structure inside the company’s 12.3-hectare ArcoVia City township along C5-Road in Pasig City......»»
Megawide expands portfolio of 8990 projects
Infrastructure conglomerate Megawide Construction Corp. has completed another project for mass housing developer 8990 Holdings Inc......»»
GT Capital diversifying into healthcare, renewables
Conglomerate GT Capital Holdings Inc. is exploring opportunities to diversify into new business segments, but the company said any investment outside of its current business portfolio would still take time to materialize......»»