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Property, banking push Ayala profit to P26 billion

Property, banking push Ayala profit to P26 billion

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 Land Asia Listings
  • March 14, 2017
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Japan firms signal interest in investments worth P198.5B

Japan firms signal interest in investments worth P198.5B

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 […]

  • by Land Asia Listings
  • March 14, 2017
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GMR-Megawide consortium alarmed over Clark airport proposal

GMR-Megawide consortium alarmed over Clark airport proposal

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 Land Asia Listings
  • March 14, 2017
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Power plant capacity rises 13% to over 21,000 MW

Power plant capacity rises 13% to over 21,000 MW

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 […]

  • by Land Asia Listings
  • March 14, 2017
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5 regional airport PPP deals attract more honchos

5 regional airport PPP deals attract more honchos

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 […]

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Philippines: STI to raise $99m; Century Pacific debuts on FTSE Apac index

Philippines: STI to raise $99m; Century Pacific debuts on FTSE Apac index

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’ […]

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MPIC to revive P50-B bid for C-5 overhead expressway

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 […]

  • by Land Asia Listings
  • March 14, 2017
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‘Good road design can save motorists’ lives’

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 Land Asia Listings
  • March 14, 2017
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15 big-ticket infra projects lined up for loan financing

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 […]

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SM beats Friday blues; PSEi above 7,200 anew

By: Doris Dumlao-Abadilla Philippine Daily Inquirer 01:04 AM March 14, 2017 http://business.inquirer.net/226098/sm-beats-friday-blues-psei-7200-anew The stock barometer climbed back to the 7,200 level on Monday as leading conglomerate SM Investments recouped most losses from Friday’s sell-off. The main-share Philippine Stock Exchange index (PSEi) gained 86.82 points or 1.21 percent to close at 7,233.09 on the first day […]

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