DMCI Lands Manila LRT Line 2 East Extension Project

Marubeni Corp. and D.M. Consunji Inc. (DMCI, PSE: DMC), one of the largest engineering-based construction companies in the Philippines, have been awarded the Manila LRT Line 2 East Extension Project, an electrical and mechanical (E&M) package for a 4km railway system extension with two additional stations eastwards for the Department of Transportation (DoT) of the […]
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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 […]
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DMCI Nets PhP7.5B in 9M14

Manila—(PHStocks)—DMCI Holdings Inc. (PSE: DMC) posted PhP7.5 billion in consolidated core income for the first nine months of 2014, a 6% decline from the PhP8 billion reported during the same period last year. The drop in core income was attributable to the weakened operating results of its power and construction businesses. Maintenance contractor delays resulted […]
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Metro Pacific, DMCI Complete Maynilad Deal with Marubeni

Manila—(PHStocks)—Metro Pacific Investments Corporation (PSE: MPI) and DMCI Holdings Inc. (PSE: DMC) have completed their discussions with Japan’s Marubeni Corp. for Marubeni to acquire a 20% economic interest in Maynilad Water Services Inc. Marubeni, through an affiliate, will acquire a shareholding of 21.54% in DMWCI, the joint venture holding company, which will hold 92.85% of […]
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Alsons Forecasts PhP567M Income for 2012

Manila—(PHStocks)—Alsons Consolidated Resources Inc. (PSE: ACR), a subsidiary of the Alcantara Group, expects its full-year net income attributable to the parent for 2012 is expected to hit PhP567.2 million. This shows a 24% increase from the PhP455.9 million the company earned in 2011. The increased net income attributable to the parent was the result of […]
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