Company Overview and News
MANILA, Philippines — Property companies are seeing dormitory-type developments or co-living spaces for young urban professionals as the next big thing in the sector which could become their new leg of growth, industry players told The STAR. (15-0)
About two months’ ago, the three-member arbitral tribunal of the International Chamber of Commerce (ICC) unanimously upheld the validity of Maynilad Water Services’ P3.4-billion claim for compensation from the Philippine government for losses for the period March 11, 2015 to Aug. 31, 2016 incurred due to the delayed implementation of its tariff adjustments, or rate increases which Maynilad should have collected from its customers as guaranteed in its concession agreement with the Manila Waterworks and Sewerage System (MWSS). (10-0)
MANILA, Philippines — Consumers of west zone concessionaire Maynilad Water Services Inc. are expected to see an increase in their billings after the company earned a favorable ruling from a local court.
A QUEZON CITY COURT has granted the petition of Maynilad Water Services, Inc. for enforcement of an arbitral award granting a tariff hike after the Metropolitan Waterworks and Sewerage System (MWSS) refused to implement the same.
The property arm of conglomerate DMCI Holdings grew its first semester reservation sales by 80 percent year-on-year to P26.2 billion, hitting its full-year target way ahead of schedule on the back of strong demand from homebuyers.
The construction arm of DMCI Holdings bagged P11.7 billion worth of new contracts to construct infrastructure, energy, buildings, utilities and plants in the first semester, 169 percent higher than the value of projects signed in the same period last year.
Consunji-led conglomerate DMCI Holdings grew its first semester core net profit by 21 percent year-on-year to P7.6 billion on higher earnings from its mining, power, real estate and construction businesses.
Semirara Island, Antique, Philippines — Semirara Mining and Power Corp. (SMPC) is investing P320 million in its community and environmental stewardship projects that will spur economic activity in the location of the country’s largest coal mine.
The Philippine Stock Exchange Index yesterday posted a slight gain, although trading was light and equities elsewhere in the region weakened on concerns about the economy and politics in the United States ahead of a vote on healthcare reform.
MANILA, Philippines - West Zone concessionaire Maynilad Water Services Inc. has won its arbitration case against the government over the losses it incurred from the delayed implementation of the tariff hike.
MANILA, Philippines - West Zone concessionaire Maynilad Water Services Inc. is investing P21 billion for the construction of four sewage treatment plants (STPs) in the next five years as part of its wastewater management program.
MANILA, Philippines - West Zone concessionaire Maynilad Water Services Inc. bagged a global award for its energy efficiency from the Clean Energy Ministerial (CEM), a worldwide forum that promotes transition to a greener economy.
Plaza Dilao in Manila’s Paco district, the park where the monument of the Japanese Catholic warlord Justo Ukon Takayama stands, has been converted into a tambakan, or a dock for construction materials and heavy equipment, in connection with the Skyway Stage 3 project, incurring the ire of heritage advocates and even devout Catholics.
MANILA, Philippines - West Zone concessionaire Maynilad Water Services Inc. is setting aside up to P35 billion in the next five years for its capital expenditures, turning its focus on wastewater services, a top company official said. (0-1)
Coron, Palawan, Philippines – DMCI Holdings Inc. is eyeing to invest around $300 million to put up a cement plant in Semirara Island, in a bid to grow the company’s offerings.
MANILA, Philippines - DMCI Holdings Inc. is dipping its hand into the office space business for the first time with a two-tower development in Makati City.
MANILA, Philippines - Construction firm D.M. Consunji Inc. (DMCI) has bagged P9.5 billion worth of projects in the first quarter of the year, bringing its year-to-date order book to over P27 billion.
Diversified engineering conglomerate DMCI Holdings Inc. boosted its first quarter net profit by 22-percent year-on-year to P3.7 billion, mostly driven by the strong performance of its integrated mining and power business.
There is an interesting article by Reuters published in Time.com about how 70 percent of rich families lose their wealth by the second generation.
MANILA, Philippines - Some of the country’s most influential business tycoons have expressed satisfaction with the business environment under the Duterte administration, but underscored the urgency of speeding up the implementation of proposed infrastructure projects.
The local stock barometer faltered on Wednesday, reversing early gains brought about by upbeat US consumer confidence data.
MANILA (March 24): The Philippines' environment ministry has allowed eight suspended nickel ore miners to ship out stockpiles of mined ore, sources told Reuters, temporarily boosting supply from the world's top exporter of the raw metal after a major crackdown.
MANILA The Philippines' environment ministry has allowed eight suspended nickel ore miners to ship out stockpiles of mined ore, sources told Reuters, temporarily boosting supply from the world's top exporter of the raw metal after a major crackdown.
MANILA, Philippines - DMCI Holdings Inc. is setting aside P57 billion for capital expenditures this year, bulk of which will go to its property unit, a top official said.
Diversified engineering conglomerate DMCI Holdings Inc. has committed P56.98 billion in capital outlays this year, bulk of which will go to property development and coal mining businesses.