Government of Netherlands backs Bulacan Airport project
The Government of Netherlands has extended export credit insurance (ECI) to San Miguel Corporation...
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Category: Philippines
Philippines’ DoE offering 20-year renewables supply contract
The Department of Energy (DoE) of the Philippines, under its green energy auction program (GEAP), is set to offer around 2,00 MW of renewable energy (RE) capacity projects on June 17, 2022. This includes 1,260MW of solar for the...
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Conceptual master plan released for Bulacan aerocity in the Philippines
San Miguel Corporation (SMC) and Palafox Associates have released a conceptual master plan for the...
Read MoreContract awarded for construction of stations for the Metro Manila Subway
The Department of Transportation (DoTr) has awarded an USD338 million contract to Japan-based Tokyu Construction and its partners for the construction of stations and tunnels for the Metro Manila Subway. The contract covers the...
Read MoreFirst Gen allocates USD550 million for capex in 2022
Philippines-based First Gen Corporation has allocated USD550 million for capital expenditure (capex) during 2022. Majority of the budget has been earmarked for Energy Development Corporation’s (EDC) renewable energy (RE)...
Read MoreAgreement signed to expand sustainable marine biofuel in APAC
A partnership agreement has been signed between Netherlands-based GoodFuels and Japan-based ITOCHU Corporation to scale the use of sustainable marine biofuel in the Asia-Pacific (APAC) region. The partners will focus on building...
Read MoreRaslag’s PHP648 million planned IPO cleared by the Philippine Stock Exchange
Raslag Corporation’s initial public offering (IPO) application has been approved by the Philippine Stock Exchange Incorporation (PSE). Under the IPO exercise, the company will issue 350 million primary shares at a rate of...
Read MorePartnership formed to develop renewable capacity in SEA
Japan-based Shizen International Incorporated has partnered with Kyuden International Corporation to jointly develop renewable energy (RE) capacity in the Southeast Asia (SEA) region. Under the partnership, the companies plan to...
Read MoreSEA-H2X subsea cable to commence commercial service in 2024
Developers of the South East Asia Hainan – Hong Kong Express Cable System (SEA-H2X) project announced that the subsea cable system is expected to be ready for commercial service in 2024. The developers of the project includes...
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Government of USA to invest USD150 million in ASEAN’s maritime and infra sector
The Government of the United States of America (USA) has extended USD150 million in investments to...
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Security Bank to cease financing of coal projects in the Philippines by 2023
Security Bank Corporation has announced that it will entirely cease financing of all new...
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KEXIM approves PHP2.9 billion loan to finance bridge projects in the Philippines
The Government of Philippine has secured a PHP2.9 billion loan from the Export Import Bank of...
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Testing commences on Gen-4 trains for the Philippines’ LRT1
Light Rail Manila Corporation (LRMC) has commenced test runs for the newly delivered fourth...
Read MoreSMC Global expects PHP60 billion from bond offer
SMC Global Power Holdings Corporation has announced plans to raise approximately PHP60 billion from a bond offer in the Philippines. The company has received board approval for the sale of shelf-registered fixed rate retail...
Read MoreCiticore renews five power supply agreements in the Philippines
Citicore Energy Solutions Incorporated (CESI) has renewed five of its power supply contracts in the Philippines, which were all due to expire during 2022. This includes a two-year extension of its contract with Bench Tower,...
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DoTr awards PHP18 billion contract for the Manila Subway Phase 1
The Department of Transportation (DOTr) has awarded the Tokyu-Tobishima Megawide Joint Venture...
Read MoreACEN to develop offshore wind projects in the Philippines and Vietnam
ACEN Corporation has announced plans to develop offshore wind power projects in the Philippines and Vietnam. The company has identified potential sites in both the countries and pre-development work is currently underway. The...
Read MoreAboitiz to sell tower assets in the Philippines
Aboitiz InfraCapital Incorporated will sell its telecommunication tower assets in the Philippines and explore leaseback opportunities in addition to constructing new common towers during 2022. Aboitiz is inviting telecom...
Read MoreApplications opened for supply of 8,000 transport vehicles in the Philippines
The Land Transportation Franchising and Regulatory Board (LTFRB) is inviting applications for the supply of 7,870 units of Transport Network Vehicle Services (TNVS) for authorised Transport Network Companies (TNCs) in the...
Read MoreAyala to sell its rail and energy assets
Philippines-based Ayala Corporation has announced plans to sell its remaining stake in the Light Railway Transit (LRT) Line 1, its thermal energy businesses, passive investments of AC Ventures, and non-core assets by 2023. This...
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