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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NAIA Consortium Granted Original Proponent Status

The Department of Transportation (DOTr) and the Manila International Airport Authority (MIAA) have granted to the “NAIA Consortium”—composed of Aboitiz Equity Ventures (PSE: AEV) subsidiary Aboitiz InfraCapital Inc., Ayala Corp. (PSE: AC) subsidiary AC Infrastructure Holdings Corp., Alliance Global Group Inc. (PSE: AGI), Asia’s Emerging Dragon Corp., Filinvest Development Corp. (PSE: FDC), JG Summit Holdings […]
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Metro Pacific Announces DCWD Water Concession Joint Venture Project

On May 16, 2018, MetroPac Water Investments Corp. (MPW), a subsidiary of Metro Pacific Investments Corp. (PSE: MPI), officially received from Dumaguete City Water District (DCWD) the Notice of Award for the rehabilitation, operation, maintenance, and expansion of DCWD’s existing water distribution system and development of wastewater facilities. MPW and DCWD shall enter into a […]
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MPIC Inks Syndicated Term Loan Facility

On 11 January 2018, Metro Pacific Investments Corp. (MPIC, PSE: MPI) signed a PhP8 billion 10-year and 15-year syndicated term loan facility. Proceeds of which will be used by MPIC to partially finance the redemption of the outstanding debt obligations of Beacon Electric Asset Holdings Inc., a wholly-owned subsidiary of MPIC, and for other general […]
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NLEX Earmarks PhP19B Capex to Help Improve Metro Manila Traffic

The NLEX Corp. is setting aside around PhP19 billion in 2018 to help solve Metro Manila’s daily traffic bottlenecks. This is in response to the government’s call for the private sector to complement the government’s massive infrastructure push under the “Build Build Build” program of the Department of Transportation (DOTr), the Department of Public Works […]
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Consortium Formed to Rehabilitate, Maintain and Operate NAIA

Aboitiz InfraCapital Inc., AC Infrastructure Holdings Corp., Alliance Global Group Inc. (PSE: AGI), Asia’s Emerging Dragon Corp., Filinvest Development Corp. (PSE: FDC), JG Summit Holdings Inc. (PSE: JGS), and Metro Pacific Investments Corp. (PSE: MPI) have all agreed to form a consortium to rehabilitate, operate, and maintain the Ninoy Aquino International Airport (NAIA) through an […]
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PLDT Sells Stocks in Beacon Electric Asset to MPIC

Makati—(PHStocks)—PLDT Communications and Energy Ventures (PCEV), a 99.9% subsidiary of Smart Communications Inc.—which is a wholly owned subsidiary of PLDT Inc. (PSE: TEL)—is selling common and Class A preferred shares of stock in Beacon Electric Asset Holdings Inc. (BEAHI) to Metro Pacific Investments Corp. (MPIC, PSE: MPI). BEAHI is a joint venture company formed by MPIC and PCEV. […]
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MPIC Ups Stake in MERALCO and Global Power

Manila—(PHStocks)—Metro Pacific Investments Corp. (MPIC, PSE: MPI) and PLDT Communications and Energy Ventures (PCEV), a 99.9% subsidiary of Smart Communications Inc.—which is a wholly owned subsidiary of PLDT Inc. (PSE: TEL)—have entered into a Sale and Purchase Agreement for MPIC to acquire a further 25% interest in Beacon Electric Asset Holdings, which owns 35% of Manila […]
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