Singaporean telco eyes majority stake in DITO CME with P17.1-B share acquisition

Tyrone Jasper C. Piad - @inquirerdotnet 11/05/2024

Singaporean firm Summit Telco Corporation Pte. Ltd. has struck a deal to acquire an additional 9 billion shares—currently valued at P17.1 billion—in DITO CME Holdings Corp., the operator of DITO Telecommunity (DITO Tel). Once finalized, Summit will…

Cebu City plans to develop a P10-billion creative industry district

05/27/2024

The Cebu City government plans to create a creative industries district, requiring at least P10 billion to develop a 150-hectare area of the city. “We are planning to invite investors to whatever scheme. It could be a…

PH secures $4.2B investment deals with Germany

Julie Aurelio 03/13/2024

Berlin – President Ferdinand Marcos Jr. has successfully obtained over $4 billion in foreign investments from German companies to enhance collaboration in healthcare, information technology, agriculture, and manufacturing sectors in the Philippines during his recent visit to…

KKR to invest $400 million in Philippine telecoms tower business

03/13/2024

MANILA (Reuters) – Private equity firm KKR & Co will invest $400 million in telecoms tower operations and expansion in the Philippines, the U.S. Department of Commerce said on Wednesday, among a slew of deals in a…

Marcos defends frequent foreign trips

Nestor Corrales 09/17/2023

President Marcos, who has embarked on 16 foreign trips since June 2022, has defended his frequent trips abroad, saying the Philippines needed a lot of investments to boost the country’s economy after the pandemic. His statement came…

Bongbong Marcos signs Maharlika Investment Fund into law

Jean Mangaluz - Reporter / @JMangaluzINQ 07/18/2023

MANILA, Philippines — President Ferdinand “Bongbong” Marcos Jr. on Tuesday signed the controversial Maharlika Investment Fund (MIF) bill into law. The President signed the bill at the Kalayaan Hall of the Malacañan Palace, with members from both…

Podway may be the future of transportation in Danao City

Doris C. Bongcac 07/10/2023

MANDAUE CITY, Cebu – Imagine travelling on a car-like suspended transport system when in Danao City in northern Cebu. Dorothy Pinyoloya, CEO of  Transit X, said their company has allocated an initial investment of $759 million on…

Keep watch on Maharlika Investment Fund, Escudero urges critics

Marlon Ramos 06/05/2023

MANILA, Philippines — Critics of the Maharlika Investment Fund (MIF) must remain vigilant despite its expected signing into law by President Ferdinand Marcos Jr., Sen. Francis Escudero said on Sunday as he underscored the Supreme Court’s critical…

Bongbong Marcos certifies as urgent Maharlika fund bill in Senate

Beatrice Pinlac 05/24/2023

MANILA, Philippines — President Ferdinand “Bongbong” Marcos Jr. has certified as urgent the Senate bill seeking to establish the controversial Maharlika Investment Fund.  In a letter to Senate President Juan Miguel Zubiri dated May 22, Marcos tagged as…

Rama to do another round of ‘investment-begging’, to ask help from PBBM

Morexette Marie B. Erram 09/12/2022

CEBU CITY, Philippines – Cebu City Mayor Michael Rama will be flying to Manila again as he plans to do another round of “investment-begging” there. During the City Hall’s flag-raising ceremony on Monday, September 12, Rama announced…

Here’s why you should invest in this resort condominium in Cebu

Christian Orellano, Rhobie Alburo Ruaya 10/05/2021

With a booming economy, rich tourism, colorful culture, and the expansion of different infrastructure developments, among many things, Cebu has truly deserved its spot as one of the best islands in the world.   And with Metro Cebu…

Manila Water, Capitol dispute may end up in arbitration

Rosalie Abatayo 12/18/2019

CEBU CITY, Philippines —Arbitration may be needed if the dispute between the Capitol and Manila Water Consortium Inc. (MWCI) within 30 days or until January 10, 2020. The period commenced when the Capitol served the Notice of…

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