22 July 2019

  • Vista Land obtains ₧14.5-B notes to fund capex for 2019
    VILLAR-LED Vista Land and Lifescapes Inc. on Monday said it has obtained a P14.5-billion notes facility, proceeds of which will be used to fund its capital expenditures for the year. The company said in its disclosure to the Philippine Stock Exchange that the five-year notes will have a fixed interest rate of 7.125 percent. “The […]
  • DPWH chief expects Neda okay for P22.4-billion CTBEx by end-September
    THE chief of the Department of Public Works and Highways (DPWH) expects to get approval of the National Economic and Development Authority (Neda) for the P22.43-billion Cavite-Tagaytay-Batangas Expressway (CTBEx) within this quarter. Public Works Secretary Mark A. Villar said that while he does not want to preempt the Neda Board, he is optimistic that the […]
  • SMC, MGen keen on joining bidding for Meralco’s PSAs
    SAN Miguel Corp. (SMC) and Meralco PowerGen Corp. (MGen) are interested to participate in the Manila Electric Co.’s (Meralco) three power-supply contracts that are up for bidding via competitive selection process (CSP).  SMC President Ramon Ang, in a text message, affirmed that the conglomerate’s power business unit will bid for Meralco’s power supply contracts. However, […]
  • ICTSI inks accord to acquire Brazilian port concessionaire Libra Terminal Rio
    INTERNATIONAL Container Terminal Services Inc. (ICTSI) has signed a share-purchase agreement with Boreal Empreendimentos e Participações SA for the acquisition of Libra Terminal Rio SA, the concessionaire of a port in Brazil. In a filing with the stock exchange, the Filipino port operator said its wholly owned subsidiary ICTSI Americas BV will soon hold the […]
  • AyalaLand Logistics buys firm for its land in Pampanga
    AYALALAND Logistics Holdings Corp. (ALLHC), a unit of property developer Ayala Land Inc., on Monday said it bought a smaller company named Unity Realty and Development Corp. that has tracts of land in Pampanga. “The transaction further strengthens the vision of ALLHC to be the leading real-estate logistics and industrial-estate developer in the Philippines,” it […]

Feed by Business Mirror.