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 […]
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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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MPI Reports Record PhP10.3B Core Net Income in FY 2015

Manila—(PHStocks)—Metro Pacific Investments Corp. (MPIC, PSE: MPI) today reported consolidated Core Net Income rose 22% to PhP10.3 billion for the year ended 31st December 2015 from PhP8.5 billion in 2014 on the back of strong growth at all its operations. Core Net Income was lifted by: (i) strong traffic growth on all the roads held […]
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MPIC 1H2015 Net Income Up 27% to PhP5.9B

Manila—(PHStocks)—Metro Pacific Investments Corp. (PSE: MPI) has reported consolidated core net income of PhP5.9 billion for the six (6) months ended 30th June 2015, up 27% over the PhP4.6 billion achieved in the first half of 2014 as each of its four main businesses delivered strong growth despite regulatory challenges. The rise in core net income was due mainly […]
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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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Pangilinan Elected Vice Chairman of Roxas Holding’s Board of Directors

Makati—(PHStocks)—The Board of Directors of Roxas Holdings Inc. (RHI, PSE: ROX) has elected businessman Manuel V. Pangilinan as Vice Chairman. Pangilinan is the founder and CEO of First Pacific Company Limited (142.HK), which recently invested up to 34% in RHI. He is also Chairman of Metro Pacific Investments Corp. (PSE: MPI), Philippine Long Distance Telephone Co. (PSE: TEL), Manila Electric Company (MERALCO, PSE: MER) and many […]
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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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Metro Pacific Investments 2011 Net Profit Jumps 76% to PhP5B

Makati–(PHStocks)–Metro Pacific Investments Corp. (MPIC) (PSE: MPI) has announced consolidated core net income of PhP5.1 billion for the year ended 31 December 2011, an improvement of 32% over the PhP3.86 billion recorded in 2011. Consolidated reported net income attributable to owners of the parent company, which reflects a net foreign exchange loss and non-recurring items of PhP42 […]
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