Friday, May 1, 2026
Today's Print

Tag: capital expenditure

Ayala Land pulls back on spending as ME crisis weighs on property sector

Ayala Land Inc. is scaling back capital expenditure and managing residential project launches as it adopts a more cautious stance amid the ongoing crisis...

Ayala Land scales back spending on Middle East risks

Ayala Land Inc. (ALI) is scaling back capital expenditure and managing residential project launches as it adopts a more cautious stance amid the ongoing...

ICTSI raises 2026 expansion budget to $740 million after record year

International Container Terminal Services Inc. (ICTSI) announced Thursday it increased its capital expenditure allocation for 2026 to $740 million to fund a global wave...

Nickel Asia spending P11.7b for 2026, pivoting heavily to renewables

Nickel Asia Corp. (NAC) plans to spend P11.72 billion for 2026 capital expenditures, prioritizing renewable energy projects even as it reduces its mining budget...

PLDT allocates P5b for 5G expansion

PLDT Inc. has allotted more than P5 billion to accelerate its nationwide 5G network rollout this year, targeting increased demand as the company seeks...

Meralco files for distribution rate hike to fund P272-billion expansion

Manila Electric Co (Meralco) has applied for an average distribution tariff of P2.34 per kilowatt-hour with the Energy Regulatory Commission to fund a P272-billion...

Ayala Corp. plans P30-billion retail bond issuance

Ayala Corp. said Thursday it is returning to the domestic bond market with a planned issuance of up to P30 billion worth of fixed-rate...

EDC sets P30-b capex for Leyte plants

Lopez-led Energy Development Corp. is launching a P30 billion multiyear program dubbed “Reimagining Leyte” to generate up to 700 megawatts of capacity from its...

MGen to break ground on Toledo coal facility in Q1

Meralco PowerGen Corp. is spending an initial P1 billion this year for the construction of its 73-megawatt Toledo coal plant in Cebu. MGen president Emmanuel...

S&P affirms PLDT’s ‘BBB’ ratings on enhancements following cost overrun

S&P Global Ratings has affirmed PLDT Inc's 'BBB' credit rating, citing improved corporate governance and tighter controls over capital expenditure. The outlook is stable. S&P...

SM Prime maintains P100-b spending plan for next year

SM Prime Holdings Inc. is cautiously optimistic about the prospects for the real estate sector in 2026 but plans to maintain a P100 billion...

Ayala Land’s income flat at P21.4 billion on lower 9-month revenues

MANILA—Ayala Land Inc (ALI) reported net income of P21.4 billion in the first three quarters of 2025, nearly flat compared to the same period...

Maynilad kicks off biggest IPO in over four years

Maynilad Water Services Inc., the water concessionaire for the west zone of Metro Manila, kicked off its P34-billion initial public offering (IPO) on Thursday...

Meralco to expand underground cable network in business districts

Power retailer Manila Electric Co. (Meralco) plans to develop an additional 1,500 circuit kilometers of underground cables to enhance reliability, safety and visual appeal,...
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