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ALI to raise hotels capex

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Property giant Ayala Land Inc. is investing around P11 billion to scale up its interest in the local tourism industry with the goal of doubling its hotel and resort room inventory to 4,100 by 2016.

Posted: April 10th, 2014 in Headlines | Read More »

First Pacific group allots P81B capex

Manuel V. Pangilinan: Service quality and operational efficiency. FILE PHOTO

The First Pacific group led by businessman Manuel V. Pangilinan has earmarked about P81 billion in fresh capital outlay this year to grow its Philippine infrastructure, telecom and mining businesses.

Posted: March 20th, 2014 in Latest Business Stories | Read More »

Maynilad earmarks P7.2B for expansion of services

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Maynilad Water Services Inc. is spending about P7.2 billion this year to ramp up and expand its services in southern Metro Manila and adjacent areas.

Posted: February 25th, 2014 in Headlines | Read More »

AEV sets ’14 capex budget at P88B

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Conglomerate Aboitiz Equity Ventures has budgeted P88 billion for its 2014 capital spending, the bulk of which was earmarked for the expansion of the flagship power business.

Posted: January 30th, 2014 in Headlines | Read More »

PCPPI earmarks P3.5B for capex

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pepsi-sting

Beverage-maker Pepsi-Cola Products Philippines Inc. (PCPPI) sees business sustaining a double-digit growth this year, thus requiring fresh capital outlays of around P3.5 billion to expand business lines.

Posted: January 22nd, 2014 in Latest Business Stories | Read More »

Filinvest’s 2014 capex projected to hit P20B

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Filinvest Development Corp., the holding company of the Gotianun family, expects capital spending to hit P20 billion next year, to be partly funded by a P10-billion bond offer in early 2014, company director Joseph Yap told reporters on Thursday.

Posted: December 13th, 2013 in Headlines | Read More »

SMDC to spend P15B on real estate projects

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The SM group of tycoon Henry Sy, through residential development arm SM Development Corp., is setting aside as much as P15 billion for capital spending next year to sustain the rollout of new residential units.

Posted: December 13th, 2013 in Headlines | Read More »

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.

Posted: March 14th, 2013 in Headlines | Read More »

ATI allots P1.8B for 2013 capex

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ati

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.

Posted: March 11th, 2013 in Latest Business Stories | Read More »

Seaoil earmarks P1.1B for expansion in ’13

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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.

Posted: March 11th, 2013 in Headlines | Read More »

2 Lopez energy firms boost capex budgets

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edc-first-gen

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.

Posted: March 4th, 2013 in Latest Business Stories | Read More »

Isla LPG earmarks P450M for expansion this year

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Isla LPG Corp., distributor of the Solane brand of liquefied petroleum gas, is earmarking P450 million for its expansion plan this year.

Posted: February 22nd, 2013 in Headlines | Read More »

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