Apex Mining Co. Inc. is buying the Davao de Oro copper mining operations controlled by Clariden Holdings Inc., a subsidiary of Iñigo Zobel and Ramon S. Ang’s Top Frontier Holdings Inc. for $81.5 million (P4.56 billion) . In a disclosure to the Philippine Stock Exchange, Apex said its Board of...
Globe Telecom Inc. fired up 26 new Long Term Evolution (LTE)-capable cell sites in Oriental Mindoro and Marinduque through stronger partnerships with local cooperatives, the telco disclosed Tuesday, December 6. Globe collaborated with the Oriental Mindoro Electric Cooperative Inc. (ORMECO) and the...
iPeople, inc., the education partnership between the Yuchengco and Ayala groups, is seeking to merge subsidiaries National Teachers College (NTC) and Affordable Private Education Center Schools (APEC). In a disclosure to the Philippine Stock Exchange, iPeople said the shareholders and boards of...
AF Payments Inc. (AFPI) sudsidized beep cards to the tune of P300 Million since it started operations in 2015, after clinching a concession agreement with the government, President and CEO JJ Moreno declared in his statement issued Monday, December 10. "For the record, AFPI does not profit from...
PLDT Inc. (PLDT) and Smart Communications, Inc. have expanded their fiber and wireless networks, serving 40 percent of the total barangays in the Philippines. PLDT has rolled out its fiber-to-the-home (FTTH) network to 17,000 barangays, as of end-September, 2022, up 24 percent from end-2021. The...
The family of Manuel B. Villar, listed as the richest Filipino by Forbes, is launching its 80-hectare casino and entertainment complex called Gold Coast Entertainment City in 2023 as construction is almost complete. “Yes it will push through. It is already a big development. We will be launching...
Manila Water Company continues to ramp up its water and wastewater service expansion program particularly in Rizal Province. In a statement, the firm said more than 7.4 million consumers in the East Zone of Metro Manila and Rizal Province now enjoy 24/7 clean and potable water supply because of its...
West Zone concessionaire Maynilad Water Services, Inc. is allocating P2.8 billion for the construction of five new pumping stations and reservoirs in Quezon City, Valenzuela, Muntinlupa and Cavite over the next five years. In a statement, Maynilad President and CEO Ramoncito S. Fernandez said the...
Century Properties Group Inc. (CPGI) is formally opening Novotel Suites Manila, its first hotel venture, at Acqua in Mandaluyong City on December 15 in time to take advantage of the tourism boom expected during the holidays. In a disclosure to the Philippine Stock Exchange, the firm said the...
DMCI's order book slightly decline as of Sept. By James A. Loyola Premier contractor D.M. Consunji, Inc. (DMCI) saw a moderate decline in its order book at the end of September 2022 due to the slowdown in project bidding and contract awarding both from the public and private sectors. In a...
AREIT Inc., the real estate investment trust sponsored by Ayala Land Inc., is planning to diversify into shopping malls as part of its target to acquire assets worth a total of P30 billion to P45 billion over the next three years. In a disclosure to the Philippine Stock Exchange, the firm said it...
Trade and Industry Secretary Alfredo E. Pascual expects EU companies, particularly German-owned, to tap the Euro300-billion EU Global Gateway Fund to participate in the Philippines’ infrastructure projects under the Private Public Partnership (PPP) arrangement. Pascual raised this opportunity in...
