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Cebu Pacific gets BOI perks for A330 purchase

2017-08-14 philstar
MANILA, Philippines - The Board of Investments (BOI) will extend incentives to Cebu Air Inc.’s P6.1- billion air transport project under the public infrastructure and logistics activity of the new investment priorities plan.

Megawide to bid for Clark airport construction

2017-08-13 philstar
MANILA, Philippines -  Megawide Construction Corp. has expressed interest in the bidding for the engineering procurement and construction (EPC) of the Clark international airport passenger terminal.

JG Summit nets P14.64B

2017-08-11 business.inquirer.net
Gokongwei-led conglomerate JG Summit Holdings’ first semester core net profit was flat at P15.95 billion from the previous year, weighed down by slower earnings from the airline business alongside some foreign exchange and hedging losses.

PH stocks continue downturn, on 3-day slide

2017-08-10 business.inquirer.net
The local stock barometer slipped for the third straight session on Thursday after failing anew to stay above the 8,000 mark in intra-day trade.

SE Asia stocks nudge down as N. Korea tensions linger

2017-08-10 themalaymailonline
People walk past a panel displaying the benchmark Hang Seng Index during afternoon trading outside a bank in Hong Kong April 15, 2015. — Reuters picSINGAPORE, Aug 10 — Southeast Asian stock markets, except Singapore and Vietnam, edged lower this morning as lingering tensions between the United States and North Korea dampened risk appetite in the region, which is geographically close to the epicentre of this crisis.

JG Summit ventures into digital lending

2017-08-02 philstar
MANILA, Philippines -  A subsidiary of JG Summit Holdings Inc. has formed a joint venture with China-based Oriente to set up a digital financial service company to serve underbanked consumers and micro, small and medium enterprises in the Philippines.

Philippines rebounds from two-day fall, others in S-E Asia rangebound

2017-08-02 themalaymailonline
Financial, consumer and property stocks led gains in Philippine shares which climb 1 per cent. — Reuters picMANILA, Aug 2 — Philippine shares rose 1.5 per cent today, recovering from two consecutive sessions of fall, while other South-east Asian markets were rangebound as investors digested the recent slew of economic data.

Oriente- Express create joint venture to address financial inclusion through fintech

2017-08-01 business.inquirer.net
Signatories to the partnership (from left) BJ Sebastian, JG Summit Holdings Chief Strategist; Lance Gokongwei, JGSH President & COO; Geoffrey Prentice, co-founder of Oriente and Skype; and Pryncess Esguerra, JGSH Corporate HR Manager.

MPIC to bid for Clark airport operations, maintenance

2017-07-16 philstar
MANILA, Philippines -  Metro Pacific Investments Corp. (MPIC) is joining the planned bidding of the operations and maintenance of the Clark International Airport in Pampanga.

JG Summit bulks up 2017 capex to P48 B

2017-06-28 philstar
MANILA, Philippines -  JG Summit Holdings Inc. is setting off on a more aggressive capital spending program this year as it seeks better positioning for its various businesses to counter emerging challenges on the external front.

JG Summit sets P48.2B capital spending

2017-06-28 business.inquirer.net
Industrial conglomerate JG Summit Holdings Inc. has budgeted P48.2 billion for capital spending this year as the group starts a new phase of expansion program for its pioneering petrochemical business.

RLC forms unit for infra-related business

2017-06-27 business.inquirer.net
Gokongwei-led Robinsons Land Corp. (RLC) is diversifying its revenue stream through the creation of a new unit devoted to infrastructure and integrated development, including the setting up of warehousing facilities to cater to the logistics requirements of the growing domestic economy.

DepEd starts pooling resources to rebuild schools in Marawi

2017-06-27 newsinfo.inquirer.net
Black smoke billows from burning houses after an aerial bombing by the Philippine Air Force on militant Islamist positions in Marawi on June 27, 2017.Hundreds of militants, flying the flag of the Islamic State group and backed by foreign fighters, seized swathes of Marawi in the southern region of Mindanao last month, sparking bloody street battles and raising regional concern. (Photo by TED ALJIBE / AFP)

Robinsons Bank eyes growth this year

2017-06-25 philstar
MANILA, Philippines - Robinsons Bank Corp., the banking arm of JG Summit Holdings Inc., expressed its optimism for this year, as it eyes growth across its business segments, a company official said.

Gov’t shelves private bids for new airports

2017-06-18 philstar
MANILA, Philippines -  The government has put on hold unsolicited proposals for new airports to serve Manila as it focuses on measures that can be undertaken immediately to address congestion at the country’s main international gateway.

Robinsons Bank mulls public sale

2017-06-16 philstar
MANILA, Philippines - Robinsons Bank Corp., the banking arm of JG Summit Holdings Inc. is looking to go public in the next three years, a company official said.

Why would a Singapore e-commerce company do its IPO in New York?

2017-06-12 scmp
The Lion City-based gaming company Sea Ltd could debut a US$1 billion public offering in the US as early as 2018, paving the way for others in the sector

MVP keeps faith: Massive Mindanao project a go amid martial rule

2017-05-26 business.inquirer.net
Metro Pacific Investments Corp. is set to announce its largest investment in Mindanao—a major infrastructure project—appearing to buck worries that business prospects in the southern Philippine island would be hurt following President Duterte’s declaration of martial rule.

SM Investments: Best Country Proxy For Philippines' Long-Term Growth Potential

2017-05-17 seekingalpha
SM Investments is the best proxy for the Philippines' long-term growth, given its shareholding interests in the market leaders in the domestic banking, property, and retail industries.

MPIC in talks with Air21

2017-05-14 philstar
MANILA, Philippines - Metro Pacific Investments Corp. (MPIC) is in talks with Air21 as the infrastructure conglomerate is looking to make more investments in logistics firms.

JG Summit nets P7.51B

2017-05-12 business.inquirer.net
Gokongwei-led conglomerate JG Summit Holdings Inc. chalked up a first quarter core net profit of P8.23 billion, flat from the same period last year, primarily due to lower earnings contribution from its airline business.

MVP Group offers to develop Clark airport

2017-05-11 philstar
MANILA, Philippines - The group led by business tycoon Manuel V. Pangilinan has offered to operate and maintain the Clark International Airport in Pampanga as it continues to explore prospects rolled out under the government’s aggressive infrastructure program.

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Southeast Asian e-commerce firm Garena raises $550 mln, rebrands as Sea

2017-05-08 reuters
SINGAPORE May 8 Southeast Asia-focused e-commerce startup Garena Interactive Holding Ltd renamed itself Sea Ltd on Monday and said it had raised $550 million to expand in key markets such as Indonesia.

JG Summit invests in internet platform Sea

2017-05-08 business.inquirer.net
Gokongwei-led conglomerate JG Summit Holdings Inc. has obtained a foothold in regional e-commerce by investing in Singapore-based Sea Ltd., an internet platform company focused on greater Southeast Asia.

JG Summit core profit up 6.9% in 2016

2017-04-07 philstar
MANILA, Philippines -  JG Summit Holdings Inc. posted a 6.9 percent growth in its consolidated core net income to P29.97 billion from P28.05 billion a year ago, driven by the double-digit growth in its airline and petrochemicals businesses.

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