The Board of Investments (BOI) and BDO Unibank, Inc. have entered into a partnership to promote investments in the Philippines. According to BOI, the agreement signed on Sept. 3 strengthens their collaboration on investment seminars and promotion activities, noting that “the partnership also aims...
West Zone concessionaire Maynilad Water Services, Inc. has concluded its pipe replacement project in parts of Manila, aiming to improve water pressure and meet the growing demand of consumers in the area. In a statement, Maynilad said the project, which cost P380 million, replaced 1.7 kilometers of...
Globe Telecom of the Ayala Group has renewed its strategic partnership with First Gen Corporation, a leading renewable and clean energy firm, to further its commitment to net-zero emissions by 2050. The telco said the partnership will contribute to expanding Globe's Renewable Energy (RE) sites...
AREIT Inc., the real estate investment trust sponsored by Ayala Land Inc., reported that it has sold three condominium units to help fund the acquisition of a hotel owned by its parent company in Palawan. In a disclosure to the Philippine Stock Exchange, AREIT said it sold three office condominium...
Singapore-headquartered investment fund Clime Capital will be injecting up to $10 million for the solar rooftop installations in the commercial and industrial (C&I) space as well utility-scale ventures to be undertaken by Upgrade Energy Philippines (UGEP), a joint venture between Aboitiz Power...
The Ayala Group’s Globe Telecom expects to complete by the end of 2024 its landmark tower sale and leaseback deal which is seen to generate a total of P96.3 billion. "We are aiming to complete 100 percent of our tower sale by this year. However, even if we only reach about 92 percent by...
Telecommunications giant PLDT Inc. and its wireless subsidiary Smart Communications, Inc. (Smart) have expanded renewable energy (RE) capacity sourcing from Lopez-led First Gen Corporation to power additional six of their network facilities. According to First Gen, a major PLDT facility that will...
Photo shows (from left) John Ongsiaco, president, Rugged Rigs Performance Corp.; Hitoshi Kono, president and chief executive officer of Apio Japan Inc; Norihide Takei, director and general manager for Automobile Division, Suzuki Philippines Inc.; Yukio Sato, Aftersales and Marine general manager,...
Data center developer A-FLOW, a joint venture between FLOW Digital Infrastructure (FLOW) and AyalaLand Logistics Holdings Corp. (ALLHC), has completed the structural framework of its new ML1 Data Center in Biñan, Laguna. ALLHC said the three-building carrier-neutral campus is designed to meet the...
Vista Land & Lifescapes Inc., the flagship real estate firm of billionaire Manuel B. Villar Jr., has set the price for its planned P5 billion follow-on offering of preferred shares. In a disclosure to the Philippine Stock Exchange, Vista Land said it is offering up to 30 million Series 2...
Century Pacific Food, Inc. is investing $40 million to acquire 100 percent of Coco Harvest Inc. and improve its coconut processing facility in Misamis Occidental, Mindanao, Philippines. Built in 2016, the fully integrated facility of Coco Harvest has the capability to produce higher value...
The Department of Trade and Industry (DTI) has issued the Domestic Bidders (DoBid) Certificate of Preference for Cemex Holdings Philippines’ APO Cement and SOLID Cement. Cemex Philippines said the DoBid certification assures consumers and government contractors that APO Cement and SOLID...
