By: Doris Dumlao-Abadilla Philippine Daily Inquirer 01:11 AM May 15, 2017 http://business.inquirer.net/229538/cebu-developers-ipo-priced-p5-share Cebu’s leading homegrown property developer Cebu Landmasters Inc. (CLI) has set its initial public offering at P5 a share, allowing the real estate firm to raise up to P2.9 billion in fresh funds for expansion in Visayas and Mindanao (Vis-Min). At P5 a […]
By Louella Desiderio (The Philippine Star) Updated May 15, 2017 – 12:00am http://www.philstar.com/business/2017/05/15/1700021/mpic-talks-air21 MANILA, Philippines – Metro Pacific Investments Corp. (MPIC) is in talks with Air21 as the infrastructure conglomerate is looking to make more investments in logistics firms. “It’s under discussion,” MPIC chairman Manuel V. Pangilinan told reporters when asked if there are ongoing […]
By Imee Charlee C. Delavin Posted on May 15, 2017 http://www.bworldonline.com/content.php?section=Corporate&title=MPIC-still-keen-on-Clark-airport&id=145156 “I think our proposal is to rehabilitate and expand Clark. So it’s not just an O&M, but we’re obviously aware that the government would just wish to [do] Clark by themselves and just bid out the [O&M]. We just felt like we need to put […]
By Louella Desiderio (The Philippine Star) Updated May 15, 2017 – 12:00am http://www.philstar.com/business/2017/05/15/1700032/pal-expands-clark-operations MANILA, Philippines – Philippine Airlines (PAL) is expanding operations in Clark through the launch of flights to three new domestic destinations next month. In a statement, the flag carrier said it is set to start flights to Bacolod from Clark three times […]
By Richmond Mercurio (The Philippine Star) Updated May 15, 2017 – 12:00am http://www.philstar.com/business/2017/05/15/1699996/e-vehicle-makers-urge-streamlining-lto-registration MANILA, Philippines – The Electric Vehicle Association of the Philippines (EVAP) has called on the Land Transportation Office (LTO) to streamline its registration procedures in line with the agency’s crackdown on electric two-wheelers. Following a recent industry consultation meeting with the LTO, […]
By Mary Grace Padin (The Philippine Star) Updated May 15, 2017 – 12:00am http://www.philstar.com/business/2017/05/15/1700001/mufg-keen-aid-philippines-infra-program MANILA, Philippines – Tokyo-based Mitsubishi UFJ Financial Group (MUFG) has offered its assistance to the Philippines for its massive infrastructure buildup program, the Department of Finance (DOF) said over the weekend. During a meeting with Finance Secretary Carlos Dominguez III on […]
By Iris Gonzales (The Philippine Star) Updated May 15, 2017 – 12:00am http://www.philstar.com/business/2017/05/15/1700013/mrc-allied-eyes-renewable-energy MANILA, Philippines – MRC Allied Inc., the listed real estate company with a diverse portfolio in property and mining, is embarking on a major shift in focus to pursue investments in the renewable energy sector under the leadership of its newly appointed […]
By Iris Gonzales (The Philippine Star) Updated May 15, 2017 – 12:00am http://www.philstar.com/business/2017/05/15/1700004/san-miguel-plots-malaysia-refinery-expansion MANILA, Philippines – Diversified conglomerate San Miguel Corp. (SMC), is gearing up for expansion projects of its subsidiary Petron Corp. in Malaysia and the Philippines, its top official said. Ramon Ang, president of SMC and its oil refinery Petron Corp., left for […]
By Catherine Talavera (The Philippine Star) Updated May 15, 2017 – 12:00am http://www.philstar.com/business/2017/05/15/1699992/developers-urged-tap-short-term-lease-market MANILA, Philippines – Real estate developers with large inventories of ready-for-occupancy (RFO) units are urged to tap the short term lease market to avoid the deterioration of the project’s value, a property consultancy firm said. In its first quarter 2017 property market […]
By Krista A.M. Montealegre Posted on May 15, 2017 http://www.bworldonline.com/content.php?section=Corporate&title=DMCI-hopes-to-sell-out-Torre-de-Manila&id=145157 Last month, the Supreme Court lifted the temporary restraining order (TRO) it imposed on the construction of the controversial project nearly two years ago. A two-bedroom unit with balcony may have a new selling price of P4.5 billion compared to the initial P3.2 billion prior […]