capex - updates

Rappler's latest stories on capex


Globe Telecom expects to sustain high capital spending until 2020

Feb 06, 2018 - 6:10 PM

The Ayala-led telecommunications giant projects between $850 million and $900 million as annual capital spending budget until 2020

HIGH CAPEX. 'Majority of the company's capex for 2018 is geared to meet customer demand for more bandwidth-intensive content, which, in turn, will support the revenue momentum of our data-related services,' Globe chief Ernest Cu says. Photo by Josh Albelda/Rappler

PLDT sets aside over P150 billion for expansion until 2020

Feb 04, 2018 - 11:30 PM

PLDT chairman and CEO Manuel Pangilinan says that for every P1 of service revenue, the telco reinvests 30 to 35 centavos to 'super-charge' its fixed and mobile networks

Globe to focus 2017 spending on mobile data, LTE infrastructure

Apr 18, 2017 - 8:40 PM

The telco which saw its 2016 net income take a slight hit aims to put up 1 200 new LTE 700 MHz sites this year

Globe Telecom lowers capital spending to $750M for 2017

Jan 19, 2017 - 7:00 PM

This is lower than Globe s 2016 capital spending budget which was at a high of 1 050 billion

BALANCE FINANCES. Globe chief Ernest Cu says the lower capex for 2017 was meant to balance its expenses and revenues. Photo by Josh Albelda/Rappler

Metro Pacific to spend around P60 billion in 2017

Jan 18, 2017 - 7:00 PM

The P60 billion programmed spending does not include acquisitions and new projects that Metro Pacific may acquire through bidding

The country's top honchos, Manuel V. Pangilinan, Ramon S. Ang, Hans Sy, and Jaime Augusto Zobel de Ayala, come together to sign a Memorandum of Agreement fixing the squabble on the MRT-LRT Common Station deal, Wednesday, January 18, at the Dusit Hotel in Makati City.

Globe Telecom hikes 2016 spending to over $1B

Oct 20, 2016 - 4:29 PM

Its board of directors approves additional capital expenditure of 300 million for network expansion

HIKES SPENDING. According to Globe, the additional CAPEX of $300 million will be used for mobile network expansion ($160 million), corporate data network ($50 million), and broadband network ($90 million)

SMIC retains capital spending budget of P85B in 2016

Apr 27, 2016 - 9:30 PM

Bulk of the budget will be used to launch more shopping malls hotels office developments and residential projects

AGGRESSIVE EXPANSION. For 2016, SM Investments executives say their core units will continue with their aggressive expansion plans. Photo by Chrisee Dela Paz/Rappler

SBMA ends 2015 with 10-fold surge in spending budget

Jan 21, 2016 - 5:51 PM

The SBMA chairman says previous shortage of funds had led to embarrassing situations

MAJOR RENOVATION. SBMA funds the renovation of Subic Bay Exhibition and Convention Center to prepare for events like Ad Summit 2016. Image from Destination Subic Bay Facebook page

Puregold allots P2.64B for 2016 capital expenditures

Dec 11, 2015 - 6:04 PM

The amount does not yet include possible acquisitions a strategy that Puregold has adopted to expand its portfolio

INVESTMENT. Puregold Vice President for Operations Antonio de los Santos says the firm invested P3.4 billion in 2015 but this included P1.5 billion for acquisitions this year. File photo from Puregold website

Lucio Tan group spending P10B in 2015

Jun 23, 2015 - 6:23 PM

The conglomerate is optimistic despite cigarette beer units’ challenges

Ayala Land hikes spending for Alviera dev’t in Pampanga

May 19, 2015 - 4:15 PM

The property developer says the additional P15B capital spending will be spent for fine tuning Alviera’s master plan

Emperador plans P3B investment for 2015

May 19, 2015 - 8:45 AM

The Andrew Tan led firm says 8 new products are for launching this year on top of its interest to acquire a French cognac maker

Cebu Pacific to spend P13B in 2015

May 18, 2015 - 8:43 PM

The increase in capital expenditures budget is set for aircraft acquisition

Globe's income jumps 43% in Q1 2015

May 13, 2015 - 4:33 PM

We re happy that we maintained our growth momentum for the first quarter of the year despite the heightened level of competition Globe President and CEO Ernest Cu says

Ayala net income declines 8% in Q1

May 13, 2015 - 1:45 PM

The decline is due to the absence of the P1 8 billion one time gain from the sale of its BPO unit in 2014

PH port operator plans Africa expansion

Apr 16, 2015 - 9:45 PM

ICTSI Chairman Enrique Razon Jr says the firm is eyeing two ports in Africa as it continues its global expansion

Jollibee group expects lower profit for 2015

Apr 09, 2015 - 2:39 PM

As of end February 2015 Jollibee has a network of 2 933 stores worldwide It plans to plans to open 330 stores this year – 220 in the Philippines and the rest abroad

Globe to loan additional P7B for capital spending

Apr 07, 2015 - 6:30 PM

The additional loan will be used to accelerate the network’s build up program amid increasing penetration rate of smartphone users

Megaworld increases capital spending for next 5 years

Apr 06, 2015 - 7:33 PM

The Andrew Tan led property firm hikes its capital expenditure from P230B to P285 80B to build more townships and expand current mixed use developments

Jollibee to rise in Toronto

Mar 24, 2015 - 6:07 PM

The food giant s first store in Canada is one of the 330 it plans to open this year: 220 in the Philippines and 110 overseas

Ayala Corporation nets P18.6B in 2014

Mar 10, 2015 - 7:45 PM

The 46 surge is attributed to the stellar performance of its real estate telecoms electronics manufacturing and sale of BPO asset

Holding firm of PH's richest man nets P28.4B in 2014

Mar 05, 2015 - 2:45 PM

Henry Sy’s holding firm is up 3 6 on strong performance of its banking real estate and retail units

Ayala Corporation earmarks P185B for capex in 2015

Feb 12, 2015 - 4:38 PM

The conglomerate aims to aggressively expand its property and telecoms businesses and ramp up its power generation and transport infrastructure investments

Globe's net earnings up by 170% in 2014

Feb 05, 2015 - 12:31 PM

But London based Fitch Ratings forecasts Globe to incur lower profits in 2015 due to a need to expand its data service backbone

Slow Internet? Blame red tape – telcos

Jan 29, 2015 - 7:00 AM

Telco giants in the Philippines say bureaucratic red tape hampers infrastructure to improve data services in the country

 Image from Shutterstock

Maynilad to spend P17.3B for 2015 capital expenditure

Jan 27, 2015 - 4:05 PM

The bulk of the utility firm’s capital expenditure will be spent on wastewater management infrastructure projects

Globe’s net income surges 198% in Jan-Sept

Nov 12, 2014 - 11:12 AM

Globe s robust expansion of all its services pushes its net income to a record high P10 53 billion in the first 9 months of 2014

Higher capex, lower profit for PLDT, Globe in 2015 – Fitch

Nov 11, 2014 - 6:12 PM

The telecommunication rivals are seen to invest heavily in their fiber networks expansion and cope with fast growing demand for data services says Fitch Ratings

Aboitiz group sets P78B power investments

Jan 29, 2014 - 12:47 PM

Bulk of the group s capital expenditures for 2014 will go to power in response to the country s need for additional generating capacity

GMA-7 to cover P1-B capex in 2013 with internal funds

Mar 27, 2013 - 7:08 PM

The broadcast company plans to get financing from internally generated funds instead of the debt or capital markets

FACE THE PRESS. GMA officials at the financial results press briefing on March 22, 2013. Photo by Aya Lowe

Aboitiz to spend P170-B on power, mainly in Mindanao

May 25, 2012 - 9:31 AM

Amid a power shortage in Mindanao Aboitiz Power will be pouring funding into new generation projects in the southern Philippines

Ongpin-led Alphaland allots over P10B for 2012 capex

Apr 20, 2012 - 6:16 PM

Bulk of the amount will go to a mixed use project in the Makati business district

Bad year for TV as ABS-CBN net income drops 25%

Apr 13, 2012 - 6:02 PM

2011 ad revenues fell amid a rocky global economy but ABS CBN is eyeing aggressive spending for 2012