Cebu Landmasters Earmarks PhP8.8B for 2018 Capex

Cebu Landmasters Inc. (PSE: CLI) is set to hit PhP5.3 billion year-end target revenue, 35% higher than last year’s, and invest PhP8.8 billion capex for land acquisition and project development this year. The listed company also reports an outstanding 2017 and excellent Q1 2018 performance during its annual stockholders meeting on May 30 at the […]
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DMCI Mining Reports Flat Nickel Sales in Q1

DMCI Mining Corporation, the mining arm of DMCI Holdings Inc. (PSE: DMC), shipped 156 thousand wet metric tons (WMT) of nickel ore inventory during the first three months of the year, flat from the volume logged last year. Average selling price per metric ton was also flat at $38. Majority of the shipments, or 106 […]
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AUB Declares Cash Dividends

Asia United Bank (PSE: AUB), one of the country’s fastest-growing publicly listed universal banks, announced it will pay a total of PhP776 million in cash dividends. In a disclosure to the Philippine Stock Exchange, AUB said its board of directors approved the declaration of cash dividends amounting to PhP1.60 per share to stockholders. The dividends […]
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DMCI Homes Expands Land Bank to Meet Demand

DMCI Holdings Inc.’s (PSE: DMC) DMCI Homes has accumulated a total land value of PhP6 billion, expanding its land bank by nearly 41 percent since last year. From 88.89 hectares during the same period last year, its total land bank expanded to 125.22 hectares. Majority of the newly-acquired raw land, or 125.22 hectares, are located […]
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AGI to Start Skytrain Project this Year

INFRACORP Development Inc., the infrastructure company of Andrew Tan’s Alliance Global Group Inc. (PSE: AGI), is ready to start the proposed 2-kilometer Skytrain monorail project this year after the Department of Transportation (DOTr) granted it the “Original Proponent Status” (OPS). INFRACORP President Kevin L. Tan lauds the government’s ‘remarkable’ speed in reviewing the proposal. Related […]
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Megaworld Sold 70% of Shophouse District in Pampanga

Megaworld Corp. (PSE: MEG) has already sold around 70 percent of its Shophouse District in its Capital Town development in the City of San Fernando, Pampanga. The 6.3-hectare Shophouse District, composed of 98 lots ranging from 276 square meters to 680 square meters, allows lot owners to build their own three-level shophouse in neoclassical and […]
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Cebu Landmasters Partners with Lyceum for University Township Project

Cebu Landmasters Inc. (PSE: CLI) expands its presence in the booming city of Davao by collaborating with globally competitive higher education institution Lyceum of the Philippines University (LPU) to develop the latter’s Davao campus into a mixed-use, and world-class University Town. CLI is signing a Memorandum of Agreement (MOA) with Lyceum of the Philippines University […]
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PSALM Issues Certificate of Effectivity on AboitizPower Subsidiary’s Purchase of Naga Power Plant Complex

Aboitiz Power Corp. (AboitizPower, PSE: AP) subsidiary Therma Power Visayas Inc. (TPVI) has received the Certificate of Effectivity (COE) from the Power Sector Assets and Liabilities Management Corp. (PSALM) to initiate the former’s purchase of the Naga Power Plant Complex located in Naga City, Cebu. The COE implements the Sept. 28, 2015 decision of the […]
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