The Consunji Group is entering the cement manufacturing industry through the acquisition of Cemex Asian South East Corp. (CASEC), the majority owner of listed Cemex Holdings Philippines Inc. (CHP), for $305.6 million.
DMCI Holdings Inc. of the Consunji family, along with its parent firm Dacon Corp. and Semirara Mining and Power Corp., signed a share purchase agreement Thursday with Cemex Asia B.V. to acquire its 42,140,266 common shares in CASEC.
“Cement...
Aboitiz InfraCapital Inc. said over the weekend it expects the National Economic and Development Authority to approve soon its unsolicited proposals to develop, operate...
The Philippine Ports Authority said over the weekend it reduced the processing fees on all permits to operate for transport service providers at all...
The British Chamber of Commerce of the Philippines, citing the United Kingdom’s Parliamentary report, urged the government to consider UK’s science-based approach in dealing...
Renewable energy developer SN Aboitiz Power Corp. put on hold the development of the proposed $550-million, 390-megawatt Alimit hydropower complex in Ifugao province over...
