Megawide Construction Corp. expects to break ground next month after securing from a unit of San Miguel Corp. the contract to build the new passenger terminal at the Caticlan Airport, the gateway to world famous island of Boracay.
Manila Electric Co., the country’s largest power distributor, has tapped Korea Electric Power Corp. to help it promote wider smart meter usage in the Philippines.
Globe Telecom Inc. said it has signed a term loan facility with Bank of the Philippine Islands for P3 billion to finance its capital expenditures, debt refinancing, and general corporate requirements.
Globe Telecom is set to launch a new satellite-to-mobile service with Starlink as early as June, pending government approval. The service will first be available to Android users and will allow mobile phones to connect directly to satellites in areas with no regular cell signal.
The Department of Agriculture (DA) assured lawmakers that food importation will only be used during serious supply shortages and is not the government’s main strategy for managing food supply.
Megaworld-backed MREIT is accelerating its expansion plans, with the company aiming to grow its gross leasable area (GLA) portfolio to at least one million square meters by 2027 — three years ahead of its original target.