Robinsons Land increasing 2021 capital spending by 17% to P26b

Robinsons Land Corp., the property arm of the Gokongwei group, allocated P26 billion in capital expenditures for 2021, up 17.4 percent from P22.15 billion it spent last year......»»

Category: financeSource: thestandard thestandardApr 19th, 2021

PLDT raising 2021 capital spending by 25% to P92 billion

PLDT Inc. will spend up to P92 billion next year to make its mobile and fixed-line services at par with those of other Southeast Asian countries, a top executive said over the weekend......»»

Category: financeSource:  thestandardRelated NewsDec 14th, 2020

AREIT buys P5.1-B office mall

AREIT Inc., the real estate investment trust sponsored by Ayala Land Inc., has acquired a mall and office development in Pasig City from the real estate giant for P5.1 billion.                 In a disclosure to the Philippine Stock Exchange, AREIT said it is buying The 30th, a 76,000 square meter commercial development located along Meralco Avenue in Pasig City. “The asset will increase AREIT’s portfolio to 246,000 square meters of GLA from 170,000 square meters and will contribute to its net income and dividends in 2021,” AREIT said. The 30th is a commercial development that was planned and developed by Ayala Land and completed in 2017. The office building is fully occupied predominantly by BPO companies. The 30th includes an amenity retail podium which will be operated and leased by Ayala Land from AREIT. Simultaneous to the acquisition of the building by AREIT, ALI will assign the long-term land lease to AREIT. AREIT wil lease office spaces to tenants, and the retail podium to Ayala Land under a fixed lease as operator of the retail spaces. The acquisition will be funded through debt. It will be a cash purchase with the installment schedule to be agreed by the parties. Currently, AREIT has no debt thereby allowing it to acquire assets that are yeld accretive through leverage. “This demonstrates AREIT’s ability to grow its portfolio and add value to its shareholders while its Sponsor, Ayala Land, Inc. can recycle the capital for its real estate projects in the Philippines,” AREIT said......»»

Category: newsSource: NewsOct 24th, 2020

RLC raises P13.2B from bond sale

    Gokongwei-led property developer Robinsons Land Corp. has raised P13.2 billion from a new offering of local bonds, taking advantage of the slowdown in local interest rates to beef up funds for working capital and future expansion. RLC sold three-year and five-year fixed-rate at a coupon rate of 3.683 percent and 3.8 percent per […] The post RLC raises P13.2B from bond sale appeared first on Cebu Daily News......»»

Category: newsSource:  inquirerRelated NewsJul 17th, 2020

Semirara postpones most of 2020 capital spending to 2021 amid crisis

Semirara Mining and Power Corp. said Friday it is moving the bulk of its 2020 capital expenditure budget of P3.7 billion to 2021 amid the coronavirus pandemic......»»

Category: financeSource:  thestandardRelated NewsJul 4th, 2020

Robinsons Land increases capital expenditures to fund & lsquo;20 projects

Robinsons Land Corp., the property unit of the Gokongwei Group, earmarked P27 billion in capital expenditures this year mainly to fund expansion of leasing and residential projects as well as land banking activities......»»

Category: financeSource:  thestandardRelated NewsMar 8th, 2020

PLDT sets P83-B capex for 2020

Pangilinan-led PLDT Inc. is increasing its capital spending anew, earmarking P83 billion for 2020, compared to last year’s P72.9 billion. PLDT Chief Financial Officer Annabelle Chua said on Thursday the increased capital expenditures (capex) would mainly finance the fim’s network infrastructure buildup amid Filipinos’ continuous need for data-related services. The bulk, or P64.6 billion, is […].....»»

Category: newsSource:  manilatimes_netRelated NewsMar 6th, 2020

Ship plus land missiles

  IN 1969, my father (former Senator Rene Espina) advocated purchasing missile warships – surface-to-surface & surface-to-air delivery systems – and allocating funds for the naval procurement. Conventional wisdom, given technological advancements in the world, with neighboring-countries yearly increasing armed forces spending, was red-flag for us to keep in stride, building our defense capabilities. I […].....»»

Category: newsSource:  tempoRelated NewsMay 30th, 2019

Sta Lucia spending P20 B over 3 years for expansion

Sta. Lucia Land Inc. (SLI) is pouring in P20 billion in capital expenditures over the next three years to fund its expansion across the country......»»

Category: financeSource:  philstarRelated NewsMay 28th, 2019

ALI spending up to P85 B in 2017

MANILA, Philippines – Ayala Land Inc., the property development unit of the Ayala Group, expects its capital expenditures in 2017 to be at about the same lev.....»»

Category: financeSource:  philstarRelated NewsDec 1st, 2016

DITO targets 1.75M new subscribers by end of 2021

New player DITO Telecommunity Corp. is optimistic in gaining 1.75 million new subscribers by the end of 2021 as it officially launched mobile services in the National Capital Region (NCR) — just two months after its initial rollout in Mindanao.   During a virtual launch on Monday, DITO chair and CEO Dennis A. Uy said […] The post DITO targets 1.75M new subscribers by end of 2021 appeared first on Daily Tribune......»»

Category: newsSource:  tribuneRelated News19 hr. 53 min. ago

Robinsons Bank allots P1 billion for capex

Robinsons Bank Corp. has earmarked close to P1 billion for its capital expenditures this year, particularly to finance information technology-related projects amid the shift in consumer behavior due to the COVID-19 pandemic......»»

Category: financeSource:  philstarRelated NewsMay 14th, 2021

No international flights to land at MCIA on May 14-15

CEBU CITY, Philippines – The Mactan Cebu International Airport (MCIA) will temporarily stop accepting flights carrying returning overseas Filipinos (ROFs) and Overseas Filipino Workers (OFWs) for two days. Cebu Governor Gwendolyn Garcia, in a virtual press conference on Thursday, May 13, 2021, announced that quarantine hotels, where ROFs and OFWs will be staying in Cebu […] The post No international flights to land at MCIA on May 14-15 appeared first on Cebu Daily News......»»

Category: newsSource:  inquirerRelated NewsMay 13th, 2021

Megaworld Sets Aside P36-B for Capital Spending This Year

Township developer Megaworld is allocating P36-billion for capital spending this year, as it realigns project developments with the restrictions brought about by the strict quarantine measures that affect construction movements as well as demand for residential properties especially in Metro Manila. This year’s capital expenditure (CAPEX) is 29% higher than the P27.9-billion actual spending last […].....»»

Category: newsSource:  metrocebuRelated NewsMay 10th, 2021

SMC Global eyes P125B capital expenditures

SMC Global Power Holdings Corp., the power arm of conglomerate San Miguel Corp., is looking at 2021 capital expenditure budget of almost P125 billion to finance expansion and acquisition of projects......»»

Category: financeSource:  thestandardRelated NewsMay 10th, 2021

Megaworld allots P36 billion for 2021 capex

Megaworld Corp. is setting aside P36 billion for capital expenditures this year, up 29 percent from the P27.9 billion spent last year......»»

Category: financeSource:  philstarRelated NewsMay 6th, 2021

LTO resumes skeletal operations

The Land Transportation Office will resume limited operations in the National Capital Region Plus bubble beginning today......»»

Category: newsSource:  philstarRelated NewsMay 2nd, 2021

Filinvest earmarks P21 billion for 2021 capex

Gotianun-led Filinvest Development Corp. allocated P21.2 billion for its 2021 capital expenditure as it ventures into new banking and real estate projects......»»

Category: financeSource:  philstarRelated NewsApr 30th, 2021

MPTC allots P30 billion capex for 2021

Metro Pacific Tollways Corp. is alloting more than P30 billion for capital expenditures for this year as it ramps up construction of vital infrastructure projects which are set for completion in the next two years......»»

Category: financeSource:  philstarRelated NewsApr 25th, 2021

Filinvest Land allots P16B for 2021 capex

Filinvest Land Inc., the property arm of the Gotianun Group, is strengthening its logistics, e-commerce and co-living space businesses as it transitions into a post COVID-19 era......»»

Category: newsSource:  philstarRelated NewsApr 24th, 2021

GT Capital Holdings Inc.: Notice of Annual Stockholders Meeting

GT Capital Holdings, Inc. to hold annual stockholders' meeting virtually on May 17, 2021 at 2:00 p.m......»»

Category: newsSource:  philstarRelated NewsApr 24th, 2021