• AEV more than doubles capex to P77B this year
    ABOITIZ Equity Ventures Inc. (AEV) said it is allocating a capital-expenditure (capex) plan of about P77 billion this year, more double what it actually spent last year when the company had a shortfall in spending. AEV CFO Manuel O. Lozano said the increase—from the actual P35 billion spent last year—was that AEV did not spend […]
  • Duterte cites Eternal Gardens
    PRESIDENT Duterte cited memorial industry leader Eternal Gardens for its role in helping Filipinos prepare for the inevitable and secure their family’s future needs. Duterte acknowledged the company’s lifelong commitment to excellence and service to the people in a message during Eternal Gardens’s Grand Annual Awards Night in honor of its top-performing sales associates for […]
  • Oppo eyes record sale of mobile phones in 2018
    SMARTPHONE maker Philippine Oppo Mobile Technology Inc. may break its record sale of flagship mobile phones this year, a company official said, noting this could help the company achieve its goal of increasing its market share by five points at most for 2018. In a roundtable interview during the launch of Oppo’s new flagship smartphone, […]
  • SREC breaks ground for hybrid-power plant in Palawan
    SABANG Renewable Energy Corp. (SREC) broke ground for its hybrid power plant in Palawan. SREC’s hybrid power plant will consist of 1.4 megawatts of solar power with a 2.3-MW-per-hour battery-storage system and 1.2-MW diesel generators to power its 14-circuit-kilometer distribution facility. SREC, a Department of Energy-registered renewable energy (RE) developer composed of WEnergy Global, Gigawatt Power Inc. […]
  • ABS-CBN pumps in P592 million to boost cable, Internet business coverage, capacity
    MULTIMEDIA conglomerate ABS-CBN Corp. is pumping in half a million pesos in additional investment in its cable and Internet businesses to expand the latter’s network coverage and capacity. According to a disclosure to the stock exchange, the Lopez-led multimedia company is adding a total of P592 million in Sky Cable Corp. to expand its broadband business. […]

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