By Krista Angela M. Montealegre Posted on March 18, 2017 http://www.bworldonline.com/content.php?section=Corporate&title=Ayala-Land-enters-co-working-space-biz&id=142370 PROPERTY giant Ayala Land, Inc. (ALI) has ventured into the development of co-working spaces through Clock In, riding on the robust demand from start-up companies and freelancers. Francis D. Roxas, head of operations and leasing at Ayala Land Offices, said in a briefing late […]
By Keith Richard D. Mariano Posted on March 14, 2017 http://www.bworldonline.com/content.php?section=Corporate&title=Property,-banking-push-Ayala-profit-to-P26-billion&id=142131 AYALA Corp. realized P26.01 billion in net income last year, standing halfway through its 2020 road map following a double-digit growth in contributions of its real estate and banking operations. In a media briefing in Makati City on Monday, the country’s oldest conglomerate announced […]
By Danica M. Uy Posted on March 14, 2017 http://www.bworldonline.com/content.php?section=Economy&title=Japan-firms-signal-interest-in-investments-worth-P198.5B&id=142120 JAPANESE businesses have expressed interest in investing as much as P198.5 billion in the Philippines, according to the Department of Trade and Industry (DTI). “Department of Trade and Industry Secretary Ramon M. Lopez met with senior executives of Japan’s seven major trading houses in Tokyo recently […]
The consortium asks the Department of Transportation to clarify why its proposal for the airport was ‘abandoned’ By Chrisee Dela Paz Published Mon, Mar 13, 2017 10:40 PM http://www.rappler.com/business/164012-gmr-megawide-alarmed-clark-airport-development-proposal MANILA, Philippines – The consortium of Megawide Construction Corporation and Bangalore-based airport operator GMR Infrastructure Limited is alarmed over the transportation department’s decision to abandon its […]
By Victor V. Saulon Posted on March 14, 2017 http://www.bworldonline.com/content.php?section=Economy&title=Power-plant-capacity-rises-13%-to-over-21,000-MW&id=142119 PHILIPPINE power plants ended 2016 with a total installed capacity of 21,423 megawatts (MW), up 13%, though dependability statistics showed only slight improvement. The Department of Energy (DoE) said dependable capacity as of last year reached 19,097 MW, or 89% of the total installed capacity, and […]
Companies led by Jaime Augusto Zobel de Ayala, Lucio Tan, Manuel V. Pangilinan, Erramon Aboitiz, Ramon Ang, Andrew Gotianun, and Manuel Louie Ferrer are interested By Chrisee Dela Paz Published Mon, Mar 13, 2017 4:02 PM http://www.rappler.com/business/164038-regional-airports-ppp-aboitiz-ayala MANILA, Philippines – Ayala Corporation’s infrastructure group and Lucio Tan-led Asia’s Emerging Dragon Corporation could go head-to-head with […]
Tomas S. Noda III March 13, 2017 http://www.dealstreetasia.com/stories/philippines-sti-to-raise-99m-century-pacific-debuts-in-asia-pacific-equity-market-67316/ STI Education Systems Holdings Inc is aiming to raise up to $99.3 million (P5 billion) via bond sale while Century Pacific Food Inc (CNPF) has made its debut on the Asia-Pacific equity market. Century Pacific debuts on Asia-Pacific equity market Century Pacific Food Inc (CNPF), the Philippines’ […]
By Louella Desiderio (The Philippine Star) Updated March 14, 2017 – 12:00am http://www.philstar.com/business/2017/03/14/1680783/mpic-revive-p50-b-bid-c-5-overhead-expressway MANILA, Philippines – Metro Pacific Investments Corp. (MPIC) is planning to resubmit an unsolicited proposal worth P50 billion for an overhead expressway around C-5 in the second quarter. Rodrigo Franco, president and CEO of MPIC tollway arm Metro Pacific Tollways Corp., said […]
Greg Smith of the International Road Assessment Program says infrastructure is important in preventing serious accidents and deaths resulting from road crashes Katerina Francisco Published 7:24 PM, March 13, 2017 Updated 6:43 AM, March 14, 2017 http://www.rappler.com/corruption/45-road-safety/164079-good-road-design-save-motorists-lives MANILA, Philippines – When deadly road crashes are reported on the news, the driver of the vehicle is […]
By Czeriza Valencia (The Philippine Star) Updated March 14, 2017 – 12:00am http://www.philstar.com/business/2017/03/14/1680786/15-big-ticket-infra-projects-lined-loan-financing MANILA, Philippines – The National Economic and Development Authority (NEDA) has lined up 15 big-ticket infrastructure projects for loan financing, three of which are planned to be implemented within the first three years of the Duterte administration. To be prioritized in securing […]