Razon's Prime Infra slates P28-B IPO By JAMES A. LOYOLA Prime Infrastructure Capital Inc. (Prime Infra) of the second richest Filipino Enrique K. Razon Jr. is planning an initial public offering worth up to P28.2 billion. The Securities and Exchange Commission has received the registration...
From left to right: Mr. Cristeto Ocampo, TIEZA’s Travel Tax Department Manager, Mr. Mark Lapid, TIEZA’s Chief Operating Officer, Ms. Ann Margaret Saldaña, MyEG Philippines Chief Executive Officer, and Ms. Israelita Choa, MyEG Philippines Accounts and E-Gov Operations Manager Tourism...
Ayala Land, Inc. subsidiary AyalaLand Logistics Holdings Corp. (ALLHC) and FLOW Holdings I Philippines Pte. Ltd., the vehicle of FLOW Digital Infrastructure, have signed a framework agreement to develop carrier-neutral data centers across the Philippines. In a disclosure to the Philippine Stock...
The Export Import Bank of Korea-Economic Development and Cooperation Fund (KEXIM-EDCF) has sealed a loan to the Philippines to finance the engineering services for the Panay-Guimaras-Negros Island bridges project. In a statement, the Department of Finance (DOF) said that the Philippines and Korea...
The Department of Information and Communications Technology (DICT), on Monday, May 2, inaugurated its Robinsons Magnolia office, aiming to “close digital divide” by providing “extensive” connectivity for Filipinos. (Image courtesy of DICT) The DICT’s Robinson’s Magnolia Office will...
BEIJING, China – China's Xi Jinping has called for an "all-out" campaign to build infrastructure, according to state media, marking the latest attempt by leaders to boost growth in the Covid-battered economy. Despite struggling to defeat the country's worst outbreak in two years, the...
The partial cost of damage to public infrastructure incurred due to Typhoon "Agaton" has ballooned to P1.45 billion, the Department of Public Works and Highways (DPWH) announced Wednesday, April 20. An aerial view of the flood-hit Capiz province due to rains of tropical depression Agaton. (Photo...
To prepare communities for calamities, pro-environmental and advocacy group Philippine Business for Environmental Stewardship (PBEST) urged the next leaders to strengthen existing resilience and sustainability-related policies, which it said, may help the country face natural and man-made...
Construction of the three bridges funded by the the Asian Development Bank (ADB) will commence this second quarter or within the last three months of the Duterte administration, the Department of Finance (DOF) said. In a statement, Finance Secretary Carlos G. Dominguez III said the $175.1-million,...
Region Build as a Service To support its global customers, Oracle has been actively launching highly available cloud data centers globally that prioritize security, availability, performance, and price. This said Jae Sook Evans, Chief Information Officer at Oracle, who stressed that these data...
Infrastructure spending accelerated last year, but it was mainly driven by low base effect of the Covid-19 pandemic in 2020, the Department of Budget and Management (DBM) reported. Public spending on infrastructure and other capital outlays rose 31 percent to P895.1 billion in 2021 from P681.5...
The next administration would need to continue the ongoing infrastructure projects of the current government to support foreign direct investment (FDI) inflows, the Department of Finance (DOF) said. Finance Chief Economist Gil S. Beltran said on Friday, March 25, that the ongoing infrastructure...
