Nickel Asia slashes 2024 capex in half
Nickel Asia Corp. (NAC) has budgeted capital expenditure this year significantly lower than in 2023, the bulk of which is earmarked for the purchase of heavy equipment.
Strong demand for power in Mindanao drives Alsons Consolidated earnings
Alsons Consolidated Resources Inc., the listed company of the Alcantara Group, said Thursday net income last year rose 22 percent to P2.29 billion, fueled by stronger demand for power in Mindanao.
Contract signing with SMC Group for the NAIA rehab project set for Monday next week
The Department of Transportation (DOTr) is scheduled to sign on Monday, 18 March, the concession agreement with San Miguel Group and pave the way for the anticipated rehabilitation, operation, and maintenance of the Ninoy Aquino International Airport (NAIA) under private hands.
DoubleDragon unit breaks ground, signs construction deal for Hotel101-Madrid
DoubleDragon Corp., a Philippine listed property company, said Thursday its unit, Hotel101 Global Pte, broke ground and signed the construction contract with Spanish firm Ferrovial Construction on Wednesday for its first European project, the 680-room Hotel101-Madrin in Valdebebas.
Thailand’s SHERA investing P2B in the construction sector
SHERA, one of the largest fiber-cement manufacturers in the ASEAN, on Thursday introduced its products at the Philippine World Building and Construction Exposition (WORLDBEX). At the four-day convention, the Thai company showcased its fiber-cement innovation.
