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Eagle Cement marks stock debut, targets dominance in Philippines market

Eagle Cement marks stock debut, targets dominance in Philippines market

By Richmond Mercurio (The Philippine Star) Updated May 30, 2017 – 12:00am http://www.philstar.com/business/2017/05/30/1704769/eagle-cement-marks-stock-debut-targets-dominance-philippines-market MANILA, Philippines – Newly-listed Eagle Cement Corp. targets to dominate the local market over the near term after a successful stock debut yesterday. Eagle Cement chairman Ramon Ang said the company is eyeing a market share of at least 25 percent in […]

Manila Water raises stake in Vietnam water firm

Manila Water raises stake in Vietnam water firm

By Czeriza Valencia (The Philippine Star) Updated May 30, 2017 – 12:00am http://www.philstar.com/business/2017/05/30/1704778/manila-water-raises-stake-vietnam-water-firm MANILA, Philippines – The Singapore unit of Ayala-led Manila Water Co. Inc. is raising its stake in a Vietnamese water firm to strengthen its foothold in the Southeast Asian country. In a regulatory filing yesterday, the company said its wholly owned unit […]

Alsons revives Indonesia expansion plan

Alsons revives Indonesia expansion plan

By Danessa Rivera (The Philippine Star) Updated May 29, 2017 – 12:00am http://www.philstar.com/business/2017/05/29/1704465/alsons-revives-indonesia-expansion-plan MANILA, Philippines –  Alcantara-owned Alsons Consolidated Resources Inc. (ACR) is reviving its plans to expand operations in Indonesia given its proximity to its home base in Mindanao. The company is exploring power investment opportunities in Sulawesi province in Indonesia “because of its […]

3 bidders qualify for Sucat power plant

3 bidders qualify for Sucat power plant

By Danessa Rivera (The Philippine Star) Updated May 30, 2017 – 12:00am http://www.philstar.com/business/2017/05/30/1704770/3-bidders-qualify-sucat-power-plant MANILA, Philippines – State-run Power Sector Assets and Liabilities Management Corp. (PSALM) has pre-qualified three firms to bid for the decommissioned 850-megawatt (MW) Sucat Thermal Power Plant (STPP) in Muntinlupa City. Out of the six bidders who initially expressed interest to bid, […]

GBPC to bid for Caliraya-Botocan-Kalayaan project

GBPC to bid for Caliraya-Botocan-Kalayaan project

By Danessa Rivera (The Philippine Star) Updated May 29, 2017 – 12:00am http://www.philstar.com/business/2017/05/29/1704466/gbpc-bid-caliraya-botocan-kalayaan-project MANILA, Philippines –  Global Business Power Corp. (GBPC) is keen on joining the bid for the 728-megawatt (MW) Caliraya-Botocan-Kalayaan (CBK) hydropower plant in Laguna, one of the hydropower projects offered by the government. “If there will be an auction which we think […]

SMC proposes $2 B flood control project

SMC proposes $2 B flood control project

By Richmond Mercurio (The Philippine Star) Updated May 30, 2017 – 12:00am http://www.philstar.com/business/2017/05/30/1704771/smc-proposes-2-b-flood-control-project MANILA, Philippines – Diversified conglomerate San Miguel Corp. (SMC) is preparing to submit an unsolicited proposal for a $2-billion project that would spare Metro Manila from massive flooding in the coming years. “I will be submitting it,” SMC president and chief operating […]

First Holdings earmarks P10 B to redevelop real estate assets

First Holdings earmarks P10 B to redevelop real estate assets

By Danesa Rivera (The Philippine Star) Updated May 30, 2017 – 12:00am http://www.philstar.com/business/2017/05/30/1704775/first-holdings-earmarks-p10-b-redevelop-real-estate-assets MANILA, Philippines – Lopez-led First Philippine Holdings Corp. (FPH) is allotting P10 billion over the next five years for green redevelopment projects of its under-utilized real estate assets to generate better returns, company officials said yesterday. The company is in the process […]