- Maynilad says 2025 capex may reach over P30 billion
WEST ZONE water concessionaire Maynilad Water Services, Inc. said its capital expenditure (capex) budget for 2025 could be P30 billion or higher as the company sees a better financial year. “For this year, we’re looking at anywhere between P30 billion and above P30 billion (in capex),” Maynilad President and Chief Executive Officer Ramoncito S. Fernandez
- Semirara Mining and Power sets P6.9-B capex for 2025
SEMIRARA Mining and Power Corp. (SMPC) expects its capital expenditure (capex) budget for this year to reach P6.9 billion, with a significant portion going to its coal business. Around P5.8 billion is allocated to the coal segment for “refleeting initiatives and additional acquisition of mining and support equipment,” the company said. SMPC’s subsidiary SEM-Calaca Power
- How SolX Technologies aims to bridge energy gaps with tech
TECH startup SolX Technologies, Inc. is working to bridge gaps in the energy sector through advanced technology, its chief executive officer (CEO) said.
- Megawide says partial operations of Cavite BRT may start by September
MEGAWIDE Construction Corp. said the partial operations of the P1.87-billion Cavite Bus Rapid Transit (BRT) project are expected to start by September this year. “Construction will start by the second quarter and partial operations will begin by September,” Megawide President and Chief Executive Officer Edgar B. Saavedra told reporters on Friday last week. “The partial
- BPI shares inch up on integration news
SHARES in Bank of the Philippine Islands (BPI) inched up last week following news of the Ayala-led lender’s plans to complete its integration with Robinsons Bank Corp.’s (RBC) branches this year. Data from the Philippine Stock Exchange showed the Ayala-led lender ranking 10th in value turnover with P947.10 million worth of 7.96 million shares changing
- Wilcon Depot expects strong sales growth
WILCON DEPOT, Inc. is banking on improved consumption as the listed home improvement and construction supplies retailer expects a positive financial performance this year. “Our outlook is always positive. We have nowhere to go but really grow. Of course, we don’t have control over the external factors, but we see some improvements in all the
- How PSEi member stocks performed — January 17, 2025
Here’s a quick glance at how PSEi stocks fared on Friday, January 17, 2025.
- DoubleDragon eyes P10-B retail bond offering in Q1
SIA AND CAKTIONG-LED DoubleDragon Corp. (DD) said it plans to issue up to P10 billion worth of retail bonds in the first quarter to bolster the company’s cash position and balance sheet. The issuance will comprise a P5-billion base offer and a P5-billion oversubscription option, DoubleDragon said in a regulatory filing on Thursday. DoubleDragon said
- Alternergy secures P1-B loan for Bataan solar project
ALTERNERGY Holdings Corp., through its unit Solana Solar Alpha, Inc., has secured a P1-billion loan from Rizal Commercial Banking Corp. (RCBC) to fund the construction of its 28-megawatt-peak (MWp) Balsik Solar Power Project in Hermosa, Bataan. “We have signed the omnibus loan and security agreement for our Balsik Solar Power Project,” Alternergy President Gerry P.
- DMCI Power says 2024 energy sales volume up 9%
OFFGRID energy generator DMCI Power Corp. (DPC) reported energy sales of 491.2 gigawatt-hours (GWh) for 2024, a 9% increase from the previous year, driven by higher demand. The growth was also driven by the full operations of its 15-megawatt (MW) Palawan thermal power plant, which began supplying power to the province in August 2023, the