DMCI eyes entry into cement business
The Consunji Group is looking to diversify into a new industries, with the cement business among those being considered through a potential acquisition of Cemex Holdings Philippines......»»
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......»»
PCC clears Aboitiz purchase of local Coca-Cola company
The Philippine Competition Commission has cleared the Aboitiz Group’s acquisition of Coca-Cola Beverages Philippines Inc., paving way for the closing of the transaction by the end of the month......»»
Uncertainty looms over Davao-Samal Bridge project amid RoW hurdles
The construction of the Samal Island-Davao City Connector (SIDC), also known as the Davao-Samal Bridge project, has faced numerous setbacks due to right-of-way (ROW) acquisition challenges. The project was halted on January 3, 2024, due to issues with landowners near a pier in Lanang at Davao City, leading to delays in the project's implementation. While there have been conflicting statements regarding the project's status, the National Economic and Development Authority-Davao Region (Neda-Davao) aims to complete the detailed engineering plans for the substructure of the west land via dock once the Deed of Transfer Possession in Davao City is released. However, ROW issues continue to persist. Despite these challenges, the project is still considered a priority and is included in the Davao Region Development Plan (DRDP) for 2023–2028. The project is funded through China’s Official Development Assistance with an estimated budget of P23.04 billion, and negotiations with the Philippine government are ongoing with a target completion date in 2027. The uncertainty surrounding the project's timeline remains as ROW hurdles persist, impacting the much-anticipated toll-free four-lane concrete exodus bridge spanning a 3.98-kilometer distance......»»
Marcos OKs military’s P2-trillion wish list for weapons, equipment
MANILA, Philippines — President Ferdinand Marcos Jr. has approved the military’s revised wish list for new weaponry and equipment to shore up the country’s defenses against threats, in the face of a rapidly evolving regional security landscape. The updated acquisition plan called “Re-Horizon 3” will focus on “an array of capabilities which will range from.....»»
Rs 4.94 lakh crore DRDO-developed weapon systems in Indian defence forces, says DRDO chief
By Ajit DubeyNew Delhi [India], January 25 (ANI): Defence Research and Development Organisation chairman, Dr Samir V Kamat on Thursday said that nearly Rs 4.94 lakh crores worth of DRDO-developed products have either been inducted or have received the Acceptance of Necessity (AoN) from the Defence Acquisition Council (DAC). In an interview with ANI, the chief of DRDO said that over 60 per cent to 70 per cent of the induct.....»»
Rs 4.94 lakh crore DRDO-developed weapon systems in Indian defence forces, says DRDO chief
By Ajit DubeyNew Delhi [India], January 25 (ANI): Defence Research and Development Organisation chairman, Dr Samir V Kamat on Thursday said that nearly Rs 4.94 lakh crores worth of DRDO-developed products have either been inducted or have received the Acceptance of Necessity (AoN) from the Defence Acquisition Council (DAC). In an interview with ANI, the chief of DRDO said that over 60 per cent to 70 per cent of the induct.....»»
ACEN expands presence in US
ACEN Corp., the listed energy platform of the Ayala Group, has expanded its renewable power portfolio in the United States with the acquisition of a 38-megawatt wind project......»»
ACEN expands US presence
ACEN Corp., the listed energy platform of the Ayala Group, has expanded its renewable power portfolio in the United States with the acquisition of a 38-megawatt wind project......»»
Petro Gazz enlists Sickle; Capitol1 taps in Gorayeb
Petro Gazz has boosted its lineup for the coming PVL All-Filipino Conference with its acquisition of Fil-Am spiker Brooke Van Sickle......»»
AREIT completes P1.2-B cash acquisition of 153-room Seda Lio resort hotel
AREIT announced that it completed the acquisition of the 153-room Seda Lio resort-hotel in El Nido from subsidiaries of its sponsor, Ayala Land......»»
Dito wants to capture 20 percent of market
Telco newcomer Dito Telecommunity Inc. has set its sights on cornering up to 20 percent of the market for mobile users, as the company shifts its focus from network expansion to customer acquisition......»»
ACEN completes acquisition of shares in Indonesia assets
ACEN Corp. has completed its acquisition of shares in wind projects under development in Indonesia......»»
Meralco unit takes over biggest solar farm in Philippines
Business tycoon Manuel V. Pangilinan has completed his acquisition of SP New Energy Corp. and is now set to take the helm of the solar energy company founded by Leandro Leviste......»»
MPIC seals P5.3 billion Axelum acquisition
Tycoon Manuel V. Pangilinan is betting big on agri-business with the signing yesterday of a P5.3-billion deal to acquire a stake in listed integrated coconut manufacturer Axelum Resources Corp......»»
SPNEC suspension lifted after comprehensive disclosure
SP New Energy submitted the required comprehensive disclosure on its recent acquisition of the Terra Solar Philippines project from its project partner, Prime Infracaptial, for P6 billion......»»
Dennis Uy’s Cebu resort perfect for Okada expansion
Tiger Resorts, Leisure and Entertainment Inc., the operator of Okada Manila casino resort in Entertainment City, sees the potential acquisition of Dennis Uy’s PH Travel and Leisure Holdings as the perfect fit for its expansion plans outside Manila......»»
Cargo Movers now up for dispersal
The mad dash for the acquisition of players who lost their jobs following the F2 Logistics Cargo Movers’ recent disbandment is on......»»
Lawmaker: China conducting ‘creeping invasion’ of Philippines
China is involved in a “creeping invasion” of the Philippines through massive real estate acquisition using laundered money, Surigao del Norte Rep. Robert Ace Barbers said yesterday......»»
The Mavericks Transition: From N.B.A. Team Acquisition to an Expansive Sale
Title: Texas Sports Betting Bill Passes House, Awaits Senate Approval Publication: The Daily Guardian Word Count: 372 In a significant development for sports enthusiasts in.....»»