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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MPIC and Cavitex Holdings Enter into PhP6.77B Financing, Cooperation Agreement

Manila—(PHStocks)—Cavitex Holdings Inc. (formerly Coastal Road Corporation) (CHI) and Metro Pacific Investments Corporation (MPIC, PSE: MPI) and its subsidiary Metro Pacific Tollways Corporation (MPTC) jointly announced a PhP6.77 billion financing and cooperation agreement between CHI and MPTC. Under the agreement with CHI, CHI will issue a Convertible Note to MPTC which will entitle MPTC the […]
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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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MPIC 2010 Core Net Income Up 88%

Metro Pacific Investments Corp. (MPIC, PSE: MPI) has announced consolidated core net income of PhP3.86 billion for the full year ended 31st December 2010, an improvement of 88% over PhP2.05 billion in 2009 as a result of the inclusion of Manila Electric Co. (MERALCO, PSE: MER) and continuing improvements at most operating companies. Consolidated net […]
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