Tag: Capex

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ICTSI earmarks USD740M capex to expand global terminals

International Container Terminal Services, Inc. (ICTSI) is ramping up investments in 2026, setting aside USD740 million in capital expenditures as it builds on record financial results and sustained global demand for port services.

Axelum budgets P200M capex after record P10B revenues

Axelum Resources Corp. has earmarked around P200 million in capital expenditures for 2026 to expand automation, upgrade machinery, and sustain operations, following a record year that pushed revenues past the P10-billion mark.

 Monde Nissin P7.5B capex targets expansion

 Monde Nissin Corp. is set to allocate P7.5 billion in capital expenditures in 2026, focusing on expanding its Asia-Pacific food and beverage operations while maintaining caution amid global uncertainties.

Converge eyes P18B-P23B capex to expand capacity

Converge Information and Communications Technology Solutions Inc. is dialing up investment in its fiber network this year, signaling that the Philippine broadband race is far from over.

PHINMA trims capex, prioritizes project execution

Capital spending at PHINMA Corporation is expected to moderate in 2026 as the group shifts its focus from launching new investments to completing and monetizing projects already in its pipeline.

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Eala’s HK Open final ends in heartbreak, but ranking soars

The impressive run of Alex Eala at the Prudential Hong Kong Open ended with a painful thud on Sunday, as a troublesome right leg proved a bigger opponent than she could handle in the championship match.

Fuel prices set for big drop this week 

Filipino households and businesses can look forward to significant relief at the pumps this week, with a major downward adjustment in fuel costs forecast following five consecutive weeks of mixed price trends.

DNL cautiously optimistic of prospects in 2027

Chemical maker D and L Industries Inc. is more hopeful about next year following the US midterm elections, which have raised hopes for an end to the Iran conflict, lower oil prices and a stronger peso. President Alvin Lao cited these as clear positives, though he warned that damaged supply chains, a severe El Niño and domestic political tensions remain key concerns.

ALLHC’s P62M Q3 profit limits nine-month earnings decline

AyalaLand Logistics Holdings Corp. (ALLHC) sharply improved its earnings in the third quarter, with net income of P62 million helping narrow its nine-month profit decline to 9 percent as industrial lot sales gained traction and cold storage operations expanded.

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