Company Overview and News

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NLEX Harbor Link main line seen finished by end-2018

2018-08-16 bworldonline
THE Department of Public Works and Highways (DPWH) said it has delivered 95% of the right-of-way required for the North Luzon Expressway (NLEX) Harbor Link Segment 10 and expects the main line in Valenzuela City to be completed by the end of the year.
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CA affirms 2017 ruling clearing Ongpin of insider trading raps

2018-08-02 business.inquirer.net
The Court of Appeals stood by its December 2017 ruling dismissing the 174 counts of insider trading case filed against businessman and former trade minister Roberto V. Ongpin in connection with the drop in shares of Philex Mining Corporation in 2009.
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LRT-1 fare hike may be delayed

2018-08-01 bworldonline
THE DEPARTMENT of Transportation (DoTr) said the target implementation of the Light Rail Transit Line 1 (LRT-1) fare hike this month, as proposed by operator Light Rail Manila Corp. (LRMC), may not push through as public consultations still need to be conducted.
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MPIC looks to build LNG terminal

2018-07-31 bworldonline
METRO PACIFIC Investments Corp. (MPIC) has joined local and foreign companies that have signified their intention to build a liquefied natural gas (LNG) import terminal ahead of the depletion of the country’s lone source of the fossil fuel — the Malampaya offshore gas field.
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The rising tech start-up scene in the Philippines

2018-07-26 bworldonline - 1
IN 2016, 22-year-old Charles Lim established his own company Veer Immersive Technologies, Inc. (Veer), dismissing a possible corporate career in line with his background in computer science.
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DoTr targets common station contract award next month

2018-07-19 bworldonline
THE Department of Transportation (DoTr) said the contract for the construction of the Metro Rail Transit (MRT)-Light Rail Transit (LRT) common station project is scheduled to be awarded by August.
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LRMC pushes for LRT-1 fare hike

2018-07-12 bworldonline
THE operator of Light Rail Transit Line 1 (LRT-1) continued to push for a P5 fare hike, saying this would allow the company to proceed with the construction of the train line’s extension to Cavite.
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Go signal for PT Nusantara tender offer seen by August

2018-07-04 bworldonline
METRO PACIFIC Tollways Corp. (MPTC) targets to get the greenlight from Indonesian regulators for the conduct of a tender offer in favor of minority shareholders of infrastructure firm PT Nusantara Infrastructure Tbk by August.
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SEC approves NLEX fund-raising

2018-06-20 bworldonline
NLEX Corp. has secured clearance from the Securities and Exchange Commission (SEC) for its shelf registration of up to P25 billion in fixed rate bonds.
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Work on LRT-1 Cavite extension to start in Oct.

2018-06-18 bworldonline - 1
LIGHT RAIL Transit Line 1 (LRT-1) operator Light Rail Manila Corp. (LRMC) said it expects to begin the construction of the first phase of the Cavite extension project by October.
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MPIC logistics unit to build warehouses in Cavite

2018-06-18 bworldonline
THE logistics unit of Metro Pacific Investments Corp. (MPIC) will be setting aside P8 billion for the development of warehouses in Cavite, as it aims to become a leading player in the logistics space.
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Wrapped up with a bow: First Pacific patrol boat hits the water

2018-05-30 smh.com.au
Australia's first $16 million gift to its island neighbours was launched just south of Perth on Monday.
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LRT-1 operator seeks gov’t approval to raise fares

2018-05-22 bworldonline
THE Light Rail Manila Corp. (LRMC) is seeking to raise fares at the Light Trail Transit Line 1 (LRT-1) by P5 to P7 in August.
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MPIC weighs options on Singapore power unit

2018-05-20 business.inquirer.net
The group led by businessman Manuel V. Pangilinan is rethinking options on the 800-megawatt natural gas-fired combined cycle facility in Jurong, Singapore, following a power supply glut that has affected the entire power-generation space in the city-state.
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Meralco, First Pacific weighing options for Singapore power plant

2018-05-20 bworldonline
METRO PACIFIC Investments Corp. Chief Finance Officer David J. Nicol said the group is assessing options for a liquefied natural gas (LNG) power plant owned by its unit Manila Electric Co. (Meralco) and parent First Pacific Ltd. in Singapore, where a surplus in power capacity has put a pressure on prices.
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