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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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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ACR and GBP Enter Partnership in Power Holding Company in Mindanao

Makati—(PHStocks)—Alsons Consolidated Resources Inc. (PSE: ACR), the publicly-listed company of the Alcantara Group and Mindanao’s first and most experienced independent power producer, has signed an agreement with Global Business Power Corp. (GBP), the leading power producer in the Visayas and an associate of Metro Pacific Investments Corp. (MPIC, PSE: MPI). Under the agreement, GBP will […]
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MPIC 2016 Core Net Income Up 17% to Record ₱12.1B

Manila—(PHStocks)—Metro Pacific Investments Corp. (MPIC, PSE: MPI) has reported a 17% rise in consolidated core net income to ₱12.1 billion for the year ended 31st December 2016 from ₱10.3 billion in 2015 on the back of strong growth at all its operations. Core Net Income was lifted by: (i) robust traffic growth on each of […]
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GT Capital 9M 2016 Net Income Up 46% to PhP12.3B

Makati—(PHStocks)—GT Capital Holdings Inc. (PSE: GTCAP) reported today that its consolidated net income for January to September 2016 increased a noteworthy 46% to PhP12.3 billion from PhP8.4 billion in the same period last year. Excluding extraordinary gains, core net income amounted to PhP9.3 billion from Php7.6 billion in 2015, representing an increase of 23%. The […]
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MPIC 9M 2016 Core Net Income Up 13% to PhP9.3B

Makati—(PHStocks)—Metro Pacific Investments Corp. (MPIC, PSE: MPI) today reported a 13% rise in consolidated Core Net Income to PhP9.3 billion for the nine months ended 30 September 2016 from PhP8.2 billion in the same period last year on the back of strong growth at all its operations. Core Net Income was lifted by: (i) robust […]
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Metro Pacific 1H2016 Core Net Income Up 13% to Record PhP6.6B

Makati—(PHStocks)—Metro Pacific Investments Corp. (MPIC, PSE: MPI) today reported a 13% rise in consolidated Core Net Income to PhP6.6 billion for the six (6) months ended 30th June 2016 from PhP5.9 billion in the first half of 2015 on the back of strong growth at all its operations. Core Net Income was lifted by: (i) strong traffic growth […]
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PHStocks Exclusive: Top 50 Best Performing Stocks in June

Manila—(PHStocks)—The Philippine Stock Exchange index flirted with 8,000 level yesterday—the inauguration of incoming President Rodrigo Roa Duterte—before closing down at 7,796.25, just 2.28 point lower from the previous day’s close. As intra-day high hit 7,980.75 yesterday, profit taking pulled back the gains as investors lock in their gains. For the month of June, below are […]
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