Filinvest Land reports 11% more income, despite limiting factors
Filinvest Land Inc. (FLI), the Gotianun-led property developer, reported an 11 percent rise in net income for 2024, reaching P4.16 billion, up from P3.76 billion the previous year. The increase in income came despite a modest rise in residential sales and office rentals.
Citicore seeks ERC approval for 50 MW solar project in Batangas
Citicore Renewable Energy Corp. (CREC) affiliate Citicore Solar Batangas 1 Inc. (CSBat 1) is seeking Energy Regulatory Commission (ERC) approval to connect its 50-megawatt (MW) solar power project to the national grid. The Tuy, Batangas facility is part of the Luntal Solar Power Project costing approximately P129.19 million to build.
Completed EDSA Busway Concourse at SM Megamall seen by year-end
The Department of Transportation (DOTr) said on Thursday the construction of the new EDSA Busway Concourse at SM Megamall in Mandaluyong City should be completed by the end of this year.
Manila Water rates to rise by 4 centavos with FCDA adjustment; Maynilad customers spared for now
Starting 1 April this year, Manila Water customers pay 4 centavos more per cubic meters a month due to adjustments in the foreign currency differential or FCDA component of their water bills as confirmed Thursday by the Metropolitan Waterworks and Sewerage System-Regulatory Office (MWSS-RO). The adjustment, arising from fluctuations in currency exchange rates, will impact consumers differently, with regular users seeing hikes of up to P0.90 per month, even as enhanced lifeline and low-income users remain exempt.
MVP clearing up tollway unit prior to proposed merger with SMC
Metro Pacific Investments Corp. (MPIC) on Thursday announced the sale of its 20 percent stake in toll road subsidiary, Metro Pacific Tollways Corp. (MPTC), to a foreign investor. The deal, valued at "several billions" of pesos, is part of MPIC’s ongoing drive to reduce MPTC’s debt.
