Pepsi-Cola gets P1B term loan from Metrobank
Beverage-maker Pepsi-Cola Products Philippines Inc. (PCPPI) has tapped a P1-billion term loan from Metropolitan Bank and Trust Co. to fund capital spending for this year.
Beverage-maker Pepsi-Cola Products Philippines Inc. (PCPPI) has tapped a P1-billion term loan from Metropolitan Bank and Trust Co. to fund capital spending for this year.
Port developer Asian Terminals Inc. (ATI) is stepping up expansion efforts for the coming year to increase capacity at existing ports amid the growth of international cargo volumes entering and leaving the country.
Seaoil Philippines, an independent fuel retailer, is spending another P1.1 billion this year to further expand its retail network. The goal is to reach a total count of 400 stations by the end of 2013.
Energy Development Corp. is beefing up its investments this year to P32 billion, up from the P22 billion it initially announced, to fund the construction of priority power projects.
Isla LPG Corp., distributor of the Solane brand of liquefied petroleum gas, is earmarking P450 million for its expansion plan this year.
Philippine Long Distance Telephone Co. (PLDT) expects to spend less for expansion this year following the recent completion of its two-year network modernization program.
Aboitiz Power Corp. expects to sign within the year several loan agreements to finance two crucial coal-fed power plant projects worth a combined $1.82 billion and help fund the capital spending of its distribution utilities.
Publicly listed Leisure & Resorts World Corp. (LR) is beefing up its capital for the expansion of its businesses in the country.
West Zone water concessionaire Maynilad Water Services Inc. is investing P17.2 billion this year in its water and wastewater projects, almost double the capital expenditure in 2012.
The National Grid Corp. of the Philippines, operator of the country’s electricity superhighway, is investing P12 billion for 2013 alone to fund the construction and installation of critical transmission and substation projects across the country.
Manila Electric Co., the country’s biggest power distributor, has earmarked roughly around P11 billion for its capital expenditure program for 2013, according to company chairman Manuel V. Pangilinan.
The SM Group of tycoon Henry Sy sees group-wide capital spending to reach a record-high of P65 billion next year, mainly for shopping mall and residential property development.
