Tag: Megaworld

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Megaworld raises P1.17B from sale of MREIT shares

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Megaworld Corp., the property development arm of billionaire Andrew Tan, said it raised P1.71 billion from the sale of 84.8 million shares of its real estate investment trust MREIT, Inc. The shares were priced at P13.82 per share.

Megaworld subsidiary launches P5B Nasugbu township

Property Context.ph Context.ph -
Global-Estate Resorts Inc., a subsidiary of property developer Megaworld Corp., said it will develop Nascala Coast, a 116-hectare integrated tourism and leisure township in Nasugbu, Batangas. 

Megaworld targets ultra-rich with Signature Collection brand

Property Context.ph Context.ph -
Megaworld Corp., the flagship property development firm of tycoon Andrew Tan, will launch the Megaworld Signature Collection this year—a curated portfolio of ultra-high-end residences...

Alliance Global boosts growth with P59B investment

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Alliance Global Group Inc., the holding firm of tycoon Dr. Andrew L. Tan, is ramping up its capital spending this year to a record P59 billion, reaffirming its long-term growth strategy across key sectors including real estate, leisure, tourism, and consumer goods.

Megaworld updating Eastwood City for a new urban era 

Corporate Context.ph Context.ph -
Nearly three decades after launching Eastwood City—its very first township project and the country’s original information technology cyberpark—listed property developer Megaworld Corp. is bringing the 18.5-hectare development in Quezon City into a bold new chapter. 
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OceanaGold sets aside P768.43M for Didipio mine rehabilitation and decommissioning

Energy & Mining 0
OceanaGold Philippines Inc. (OGPI) has allocated P768.43 million under its Final Mine Rehabilitation and Decommissioning Plan (FMRDP) for the Didipio gold and copper mine that spans Nueva Vizcaya and Quirino provinces. In a statement released Sunday, the listed mining firm confirmed that P551.4 million has already been placed in a trust fund. The company said the fund will keep growing in line with required annual contributions as it moves forward with rehabilitation and closure preparations while the mine remains active.

ERC approves provisional FIT-All rate hike to P0.3359 Per kWh

Energy & Mining 0
The Energy Regulatory Commission (ERC) has granted the National Transmission Corporation (TransCo) provisional authority to collect a higher Feed-in Tariff Allowance (FIT-All) rate starting this month. The rate will rise to P0.3359 per kilowatt-hour (kWh) from the existing P0.2011 per kWh, marking an increase of P0.1348 per kWh. This adjustment covers the approved working capital allowance (WCA) rate update.

Meralco backs ERC-ordered P9.5B consumer refund program

Energy & Mining 0
Listed Manila Electric Co., the country’s largest power distributor and better known as Meralco, on Sunday said it will immediately comply with the Energy Regulatory Commission's (ERC) directive to refund about P9.5 billion to customers, backing the government's push to deliver quicker and more transparent electricity bill relief.

PCCI says power bill relief must lead to deeper energy reforms

Energy & Mining 0
The Philippine Chamber of Commerce and Industry (PCCI) said the government's plan to scrap systems loss charges and the value-added tax (VAT) on electricity bills should serve as a springboard for broader reforms aimed at lowering power costs and improving the country's investment competitiveness.

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