Singapore High Court Upholds Arbitral Award in Favor of Maynilad

Maynilad Water Services Inc.’s Singapore-based counsel formally confirmed yesterday afternoon that the decision of the Singapore High Court, (orally) issued on 4 September 2018, dismissing the Philippine Republic’s Setting Aside Application has become final as of 4 October 2018. The decision became final after the Philippine Republic has decided to no longer appeal the dismissal […]
Continue reading…

 

DMCI Homes Posts PhP23B Reservation Sales for 1H 2018

DMCI Holdings Inc. (PSE: DMC) subsidiary DMCI Homes, the country’s first Quadruple A developer, has recorded PhP23.01 billion in reservation sales for the first half of 2018, up by 4% from PhP22.12 billion during the same period last year. The company’s net income to PhP2.488 billion in the first half of 2018, up by 41% […]
Continue reading…

 

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 […]
Continue reading…

 

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 […]
Continue reading…

 

DMCI Power Records 17% Revenue Growth in Q1

DMCI Power Corp. (DPC), the energy arm of DMCI Holdings Inc. (PSE: DMC), posted double-digit composite sales growth of 17 percent in the first quarter of 2018, with volume reaching 63GWh from 54GWh generated in the same period last year. Palawan recorded a sales volume of 28GWh, a 29 percent surge from 21GWh last year. […]
Continue reading…

 

DMCI Revenues Up 11% on Building Projects

D.M. Consunji Inc. (DMCI), the construction arm of DMCI Holdings Inc. (PSE: DMC), saw its first-quarter standalone revenues increase 11 percent year on year from PhP3.1 billion to PhP3.5 billion mainly driven by building contracts, as infrastructure projects suffered delays resulting from unresolved right of way issues. Revenues from high-rise building projects surged 52 percent […]
Continue reading…

 

DMCI Power 9-month Energy Sales Flat

Off-grid energy supplier DMCI Power Corp. (DPC), a subsidiary of DMCI Holdings Inc. (PSE: DMC), recorded flat electricity sales volume from January to September 2017 at 181.43 GWh due to reduced energy dispatch to Mindoro and Palawan. Energy sales to Palawan Electric Cooperative dipped 1% from 69.96 GWh to 69.32 GWh while volume sold to […]
Continue reading…

 

Maynilad, JICA Ink PhP10.8B Loan Agreement

Makati—(PHStocks)—West Zone concessionaire Maynilad Water Services Inc. (Maynilad)  recently signed a PhP10.8-billion loan agreement with Japan International Cooperation Agency (JICA) and three of Japan’s largest private commercial banks—namely, The Bank of Tokyo-Mitsubishi UFJ (BTMU), Mizuho Bank Ltd (Mizuho), and Sumitomo Mitsui Banking Corp. (SMBC)—to fund its Non-Revenue Water (NRW) and water expansion capital expenditure projects […]
Continue reading…