Premier contractor firm D.M. Consunji, Inc. (DMCI) has started construction of the P10.5 billion Caloocan-Malabon-Navotas (CAMANA) Water Reclamation Facility (WRF) project of Maynilad Water Services, Inc. (Maynilad). In a disclosure to the Philippine Stock Exchange the firm said the...
AREIT, Inc., the real estate trust sponsored by Ayala Land Inc., announced that its planned share for property swap with ALI will increase its deposited property value to P52 billion. The firm disclosed to the Philippine Stock Exchange that its Board of Directors has approved the increase of...
Property giant Ayala Land, Inc., (ALI) is infusing some identified key commercial properties worth P15.46 billion into AREIT, Inc. under a property-for-share swap transaction. In a disclosure to the Philippine Stock Exchange, ALI said its Executive Committee has approved the subscription to...
D&L Industries Inc., the country’s largest specialty foods ingredients, plastics and oleochemicals firm, is planning to raise up to P5 billion from its first bond offering to fund its P8 billion capacity expansion program. In a disclosure to the Philippine Stock Exchange, D&L said...
Department of Trade and Industry (MANILA BULLETIN) The Philippines has expanded the list of countries covered with the safeguard measure on cement importation with additional 13 countries, including Indonesia, as sourcing of cheap cement may have been diverted to countries previously exempt from...
HP Inc. today announced the launch of its first virtual showroom in the Philippines. Part of a virtual experience for customers that spans six countries in Southeast Asia, the HP Virtual Showroom takes customers into a modern-day virtual world of diverse technology experiences for different...
Golden Haven Las Pinas reported a 2,000 percent increase in value of its memorial lots since its inception in 1984 following massive projects within the Villar-owned Vista City Global South. Red J. Rosales, chief operating officer of Golden Haven Memorial Park, said that since its operation more...
In another management shake-up, former Police Deputy Director General Reynaldo Velasco has regained the position as Metropolitan Waterworks and Sewerage System (MWSS) administrator. MWSS Logo In a text message, retired Lt. General Emmanual Salamat confirmed to Manila Bulletin that he is no longer...
Ban Kee Trading Inc., one of the leading distributors for children’s toys in the Philippines, began handling operations for LEGO Certified Stores (LCS) in the country at the beginning of the year and recently launched the official online store amidst greater push for digitalization. “Launching...
Redco Transit Development Pte Ltd. (Redco) of Singapore has terminated its planned acquisition of shares in Makati City Subway Inc. (MCSI) from Philippine Infradev Holdings Inc. (PIHI) and Hong Kong Binjiang Industrial Limited (HK Binjiang). The Philippine Competition Commission (PCC) on March 9,...
The water rates of Manila Water Company Inc. will slightly increase in the second quarter of the year, while customers of Maynilad Water Services Inc. will enjoy a small rollback in rates. In a virtual briefing on Thursday, Metropolitan Waterworks and Sewerage System (MWSS) Chief Regulator Patrick...
Emperador Inc. – the world’s largest brandy company – reported an 18 percent jump in attributable net income to a record P8 billion last year as revenues improved 4.5 percent to P52.6 billion. In a disclosure to the Philippine Stock Exchange, Emperador said its global footprint and...
