BlackRock’s GIP eyes stake in Aboitiz Infra unit
A unit of BlackRock, through Global Infrastructure Partners (GIP), is poised to acquire a 40 percent stake in Aboitiz InfraCapital (AIC), the infrastructure arm of Aboitiz Equity Ventures Inc. (AEV), in what could be one of the most significant foreign equity investments in Philippine infrastructure in recent years.
MPAV to acquire Franklin Baker in major coconut industry expansion
Metro Pacific Agro Ventures (MPAV), a wholly-owned subsidiary of Metro Pacific Investments Corp. (MPIC), announced plans on Thursday to acquire the Franklin Baker Group of Companies, which will significantly expand its industry footprint and reinforce its leadership in the country's food-grade coconut export sector.
P3.75B infrastructure damage prompts policy review
The Department of Public Works and Highways (DPWH) on Wednesday reported estimated ₱3.75 billion in damage to public infrastructures arising from the combined impact of the southwest monsoon and Tropical Cyclones Crising, Dante, and Emong.
Phinma Education enrollment rises 11%
Phinma Education Holdings Inc., a subsidiary of Phinma Corp., reported an 11 percent surge in student enrollment this academic year, reaching 163,000 students—up from 146,474. The increase solidifies its position as Southeast Asia’s largest private education network focused on underserved communities.
P323-M crop damage from Crising, monsoon spurs policy response
The combined impact of Tropical Storm Crising and the southwest monsoon has dealt a heavy blow to the country’s agriculture sector, with damage now pegged at ₱323.15 million, a 48.6 percent increase from the previous day, according to the Department of Agriculture (DA).
