Cavite-Laguna Expressway (CALAX) Subsection 5, targeted to open to motorists in the third quarter of 2021, is 93 per cent complete, MPCALA Holdings Inc. Friday, (April 30) announced. Subsection 5 is a 7.2km, 2x2 lane expressway linking Sta. Rosa-Tagaytay Interchange to Silang East Interchange....
The prospective bidders in the 650-megawatt Malaya thermal power plant had been trimmed to two companies, from originally 4 to 5 companies, but state-run Power Sector Assets and Liabilities Management Corporation (PSALM) said it is still keen on divesting the facility via a negotiated deal by May 7...
Integrated Micro-Electronics, Inc. (IMI), the manufacturing arm of the Ayala group, reported a turnaround with an attributable net profit of US$2.2 million in the first quarter of the year from a net loss of US$5.57 million in the same period of 2020. In a disclosure to the Philippine Stock...
Home and finishing construction supply retailer Wilcon Depot, Inc. reported an 84 percent surge in net income to P604 million in the first quarter of the year from the P328 million earned in the same period of 2020. In a disclosure to the Philippine Stock Exchange, the firm said “The improvement...
The summer heat has pushed water demand in a lot of areas in the metropolis, causing the water level in the Bagbag reservoir – which is Maynilad Water Services Inc.’s biggest reservoir – to decline, which eventually led to rotational service interruptions. This prompted Metropolitan...
Metropolitan Waterworks and Sewerage System (MWSS) hopes that its new concession agreement with west zone concessionaire Maynilad Water Services Inc. will soon be released as this is “critical” in implementing projects for water security. In a statement, MWSS Chairman and Acting Administrator...
While conservation works initiated by the Escuela Taller de Filipinas Foundation, Inc . on heritage structures continued amid the coronavirus disease (COVID-19) pandemic, its training program had to take a backseat. (Photo courtesy of Escuela Taller de Filipinas Foundation, Inc. Facebook Page) The...
Shareholders of Del Monte Philippines, Inc. (DMPI) are planning to raise up to P44 billion through an initial public offering of shares they own that are equivalent to 28.75 percent of the company. Based on the registration statement filed with the Securities and Exchange Commission,publicly-listed...
The Philippine National Volleyball Federation Inc. (PNVF) kicks off its 31 st Southeast Asian Games preparations by holding tryouts for indoor and beach volleyball teams starting Wednesday, April 28, at the Subic Bay Metropolitan Authority. The tryouts will be held for one day for each team,...
Metropolitan Waterworks and Sewerage System (MWSS) said watershed is the “lifeline” of the country’s water supply system, but the Department of Environment and Natural Resources (DENR) admitted there isn’t enough government budget to even set up a watershed management information system....
Another notice-to-proceed (NTP) permit was granted by the Department of Energy (DOE) for the installation of an offshore liquefied natural gas (LNG) import facility for a total of six ventures approved so far. Approved is Vires Energy Corporation, which was acquired last year of Filipino listed...
AREIT Inc., Ayala Land’s pioneering Real Estate Investment Trust (REIT) is primed for growth and expansion after its shareholders approved an increase in its capital and the infusion of new assets. During AREIT’s first Annual Stockholders’ Meeting, stockholders approved the increase in the...
