Companies

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MASS housing developer 8990 Holdings, Inc. has programmed capital expenditures totalling P3 billion for 2018 to finance future and ongoing projects. The company has two ongoing projects set for completion next year while five are slated for launch, incoming 8990 President Willie Uy said in a news conference on Monday.…

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METRO Pacific Tollway Corporation (MPTC) has issued a notice of award for the contract to design and build the P22.6-billion, 8.5-kilometer Cebu-Cordova Link Expressway (CCLEX) to Cebu Link Joint Venture (CLJV). The CCLEX will be built, operated and maintained by the Cebu Cordova Link Expressway Corporation (CCLEC) through a joint…

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TECHNOLOGY company Dell EMC Philippines said on Monday it was looking at expanding its foothold in the country, focusing on areas outside Metro Manila. Ronnie Latinazo, Dell EMC Philippines country general manager, told The Manila Times they were considering opening more concept stores in key cities outside the National Capital…

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PLDT’s enterprise unit and its satellite television company Cignal TV inked a partnership on Monday to boost the latter’s content reach via internet networks. In a statement, PLDT said the deal would allow its enterprise customers in commercial establishments, hospitals, hotels and resorts to access Cignal TV content programs through…

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ABOITIZ Power Corp. said its wholly-owned subsidiary, Aseagas Corp., was keeping its 8.8-megawatt (MW) biomass power plant in Lian, Batangas on shutdown as the company continued to assess technical problems. The Lian plant temporarily ceased operations on November 24 due to the unavailability of supply of organic effluent wastewater from…

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PETROENERGY Resources Corp. said on Monday its renewable energy unit PetroGreen Energy Corp. has achieved the 1 billion kilowatt-hour (kWh) generation mark from its three power plants. The three plants are the 20-megawatt (MW) Maibarara-1 geothermal plant in Sto. Tomas Batangas, the 36-MW Nabas-1 wind project in Aklan, and the…

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AN advisory services partner and head of knowledge management group at P&A Grant Thornton bagged the “Outstanding Certified Public Accountant (CPA) in Public Practice” award during the Philippine Institute of CPA’s 72nd Annual National Convention. Michael Gallego, who started his career as a financial and information systems auditor and management…

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LISTED holding firm Anglo Philippine Holdings Corp. has acquired an additional 23.74 percent stake in Atlas Consolidated Mining and Development Corp. for P3.7 billion. In a filing to the stock exchange on Friday, Anglo said it subscribed to 845 million shares in Atlas Mining, through the latter’s increase in authorized…

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AYALA-LED Globe Telecom is targeting to grow its GCash active users to 20 million in the next few years. Ernest Cu, Globe chief executive officer and president, told reporters on Friday at the launch of a partnership with SM Store that Globe’s e-cash services provider is aiming to increase the…

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PLDT wireless subsidiary Smart Communications, Inc. said it was on track to complete the rollout of more than 4,200 long-term evolution (LTE) sites across the country by early next year. Joachim Horn, chief technology and information advisor for PLDT and Smart, said in a statement that the modernization of the…

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