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AboitizPower takes P3.7-B hit with permanent closure of biomass plant

22h bworldonline
ABOITIZ POWER Corp. (AboitizPower) is taking a hit of P3.7 billion as it permanently stopped the operations of a biomass power plant because of the lack of organic materials to produce electricity. (5-0)

PSEI ends flat on Friday trading lull

The benchmark Philippine Stock Exchange index (PSEi) ended the week relatively flat, higher by only 0.02 percent, or 1.37 points, to 8,814.62 on Friday’s close. The broader all-shares index was down 0.05 percent, or 2.66 points, to 5,098.75. (35-0)

MPIC signs P8-B loan facility

2018-01-12 beta.philstar
MANILA, Philippines — Metro Pacific Investments Corp. (MPIC) has signed a syndicated  term loan facility amounting to P8 billion. (20-0)

Decision on Bulacan airport seen this month

The National Economic and Development Authority’s Investment Coordination Committee (ICC) will decide this month whether or not it will green-light San Miguel Corp.’s proposed airport project in Bulacan. (22-0)

AboitizPower unit prepays $320M loan

2017-12-29 bworldonline
ABOITIZ Power Corp. (AboitizPower) on Friday said its subsidiary Therma Power, Inc. (TPI) has prepaid $320 million in loans to several banks. (5-0)

Indonesia, Philippines markets hit record high

SINGAPORE: Most Southeast Asian stock markets rose on the last trading day of the year on Friday, with Indonesia scaling a new high for a third straight session and the Philippines extending gains to hit an all-time peak. (6-0)

The super consortium’s promises

2017-12-25 philstar
Anyone who has ever traveled out of Manila through our airport knows this — going through the Ninoy Aquino International Airport (NAIA) is like running the gauntlet. The chaos begins long before you reach the gate, if you do make it through all the snaking lines in time for your flight. (19-0)

Super consortium readies bid for NAIA rehab

2017-12-21 philstar
MANILA, Philippines — Seven of the country’s biggest conglomerates have formally formed a super consortium that seeks to develop the congested Ninoy Aquino International Airport (NAIA) into a global gateway at par with the world’s best airports. (14-0)

Big firms team up for NAIA rehab

2017-12-21 bworldonline
SEVEN MAJOR COMPANIES, including some of the country’s biggest conglomerates, have formed a consortium to rehabilitate, operate and maintain Ninoy Aquino International Airport (NAIA), those listed among them said in separate disclosures on Thursday. (42-0)

MPIC secures P10-B loan for capex

2017-12-20 philstar
MANILA, Philippines — Metro Pacific Investments Corp. (MPIC), the tollways and infrastructure conglomerate chaired by tycoon Manuel V. Pangilinan, has secured P10 billion worth of loans from two local banks for its projects. (22-0)

Aboitiz Construction in talks with 2 Chinese firms

2017-12-18 bworldonline
THE construction arm of Aboitiz Equity Ventures, Inc. (AEV) is currently in negotiations with two Chinese firms, in an effort to increase its footprint overseas. (15-0)

AEV allots up to P50 B for capex

2017-12-18 philstar
MANILA, Philippines — Aboitiz Equity Ventures (AEV), the Cebu-based conglomerate, is allotting up to P50 billion in capital expenditures as it continues to grow its different businesses. (1-0)

Aboitiz Equity to set aside up to P50-B capex

2017-12-17 bworldonline
ABOITIZ EQUITY Ventures, Inc. (AEV) may set aside between P40 to P50 billion in capital expenditures for 2018, with its power unit cornering the bulk of the spending as it completes several power projects next year. (2-0)

Aboitiz Construction tapped for PRII project

2017-12-14 bworldonline
PHILIPPINES RESINS Industries, Inc. (PRII) has tapped the construction arm of the Aboitiz Group to undertake the expansion of its polyvinyl chloride (PVC) resin plant in Bataan. In a statement issued on Thursday, Aboitiz Construction, Inc. (ACI) said it has signed a memorandum of agreement with PRII for the project that would double the capacity of the latter’s plant to 200,000 metric tons per year. (1-0)

NAIA super consortium to submit proposal next year

2017-12-10 philstar
MANILA, Philippines — The super consortium of seven conglomerates seeking to develop the Ninoy Aquino International Airport (NAIA) is now preparing its ambitious proposal and expects to formally submit it next year. (36-3)