Companies

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PROPERTY giant Megaworld Corporation said on Thursday it will issue P30 billion worth of bonds under the Securities and Exchange Commission’s (SEC) shelf registration program to raise funds for its capital expenditures. Megaworld told the Philippine Stock Exchange that its board of directors has approved the P30-billion debt securities program.…

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To double PH headcount to 5,600 in next 2 yrs CUSTOMER relationship management (CRM) solutions provider C3/CustomerContactChannels plans to invest about $5 million to $10 million (P249.8 million to P499.6 million) to expand its facility in Mindanao in the next two years, the chief executive officer said. “In the next…

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THE Ayala group is programming capital expenditure (capex) about P160 billion to P180 billion for this year in a bid to expand its power, infrastructure, industrial or manufacturing, healthcare, and education businesses. Paolo Maximo F. Borromeo, Ayala Corporation’s (AC) head of corporate strategy and development, said this year’s capex budget…

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THE Ayala group’s energy arm AC Energy Holdings Inc. (AC Energy) is looking to further increase its renewable energy (RE) projects in the Philippines following its successful acquisition of the geothermal assets of Chevron in Indonesia and the Philippines, a top company executive said. “We’re still active. We’re not stopping.…

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PROPERTY investors are expected to shift their attention from developed countries this year and focus their portfolios on emerging markets instead, such as the Philippines, where risks are lower, a top property listing site said. Lamudi Philippines listed the top trends it sees in the real estate sector this year,…

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FORD Philippines on Wednesday said its 2016 sales climbed 33 percent from the previous year to 33,688 vehicles, driven by continued strong demand for its best-selling Everest SUV. For December alone, Ford said sales increased 13 percent year-on-year to 3,198 vehicles. “Our big three nameplates – Ranger, Everest and EcoSport…

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Listed leasing firm PTFC Redevelopment Corporation saw a 69 percent rise in its net income for the first three months of its fiscal year, driven by revenues from its wholly owned subsidiary’s commercial leasing business in Quezon City’s Baesa Town Center, the company said in a disclosure to the Philippine…

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SM Prime Holdings Co. Ltd. (SMPH), operator of SM Supermalls, said it was given recognition by a Chinese business group for the performance of its China-based malls. In a statement on Wednesday, SMPH said it was named as one of the Top Ten Successful Asean Countries Entering China in 2016…

WITH BOI APPROVAL

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THE Board of Investments (BOI) has approved the application of KTM Asia Motorcycle Manufacturing Inc. to join the Philippines’ new Motor Vehicle Development Program (MVDP) under Classification III (Motorcycle). KTM Asia is a partnership between Ayala Corp. and Austria-based KTM AG, which has chosen the Philippines as its Southeast Asian…

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