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Ayala Corp. raises $275M via sale of common shares

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Conglomerate Ayala Corp. has raised $275 million in fresh equity from the sale of common shares through a “top-up” private placement, boosting funds for the expansion of its power and infrastructure ventures.

Posted: November 21st, 2014 in Headlines | Read More »

Ayala Corp. raises $275M from sale of common shares, to invest in power, infra

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Conglomerate Ayala Corp. has raised $275 million in fresh equity from the sale of common shares through a “top-up” private placement, increasing its leeway to expand into the power and infrastructure space.

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

EU seeks changes to infra rules to push investments

The head of the European Union Delegation in the Philippines has urged the government to consider lowering the P1-billion threshold for state infrastructure projects in which foreign contractors will be allowed to take part in, as doing so will allow the country to attract more foreign direct investments (FDI).

Posted: November 15th, 2014 in Headlines | Read More »

Oil levy for nationwide infrastructure work proposed

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An oil industry player is pushing for a special tax pegged to low oil prices to help fund road and bridge construction projects that will benefit motorists.

Posted: November 8th, 2014 in Headlines | Read More »

SC asked to stop Mactan airport expansion

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A group of businessmen asked the Supreme Court on Monday to stop a private consortium from undertaking the multibillion-peso expansion and rehabilitation project for the Mactan-Cebu International Airport (MCIA) that the Department of Transportation and Communications awarded last April. FILE PHOTO

A business group on Monday asked the Supreme Court to stop the rehabilitation and expansion of the Mactan Cebu International Airport (MCIA) by the GMR-Megawide Cebu Airport Corporation, the consortium that won the multi-billion contract.

Posted: November 3rd, 2014 in Latest Business Stories | Read More »

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