capital expenditures - updates

Rappler's latest stories on capital expenditures


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 Telecom expects to spend over P42B this 2018

Jan 05, 2018 - 6:45 PM

The Ayala-led telecommunications company says the huge capital spending budget will fund its moves to address customer demand for more bandwidth-intensive content

HUGE 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

Government infrastructure spending up 25% to P48.4B in July

Sep 11, 2017 - 12:30 AM

July s result means government spending on infrastructure and other capital expenditures stands at P297 5 billion so far this year up 11 1

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.

URC spending P7.2 billion for expansion in 2017

Jan 16, 2017 - 6:20 PM

It will construct a factory building in Malaysia a candy plant in Thailand a biscuit line in Indonesia bottle making equipment in Vietnam and a mega warehouse in the Philippines

SET FOR EXPANSION. URC is earmarking a little lower than what it spent last year, allocating most of its budget for overseas expansion

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

Metrobank extends P7B worth of loans to Globe

Nov 23, 2015 - 4:21 PM

The loans will be used to finance Globe s capital expenditures aimed at further expanding enhancing its network

LOAN. Metrobank inks a 10-year loan facility worth P5 billion ($105.95 million) and another $45 million (P2.12 billion), 7-year facility with Globe, the bank says on Monday, November 23, 2015. Image from Shutterstock

Ayala Land reduces spending for 2015

Sep 17, 2015 - 7:25 PM

The Ayala led property firm aims to keep its debts at certain levels and prioritize its needs versus wants its CFO says

PRIORITIZATION. Ayala Land (ALI) will prioritize its spending since it has made significant land acquisitions over the past years, ALI Chief Finance Officer Jaime Ysmael says.

Globe Telecom forms company for 'new, strategic' businesses

Jun 16, 2015 - 5:08 PM

The creation of a holding company aims to provide more focus on developing and growing new businesses Globe says

NEW COMPANY. Globe's new holding company will house its new and strategic businesses

Eton Properties to spend P28 billion over the next 5 years

May 30, 2015 - 12:00 PM

The property arm of the group of businesses controlled by billionaire Lucio Tan is set to develop and introduce a number of commercial and residential projects over the next 5 years

GAME FACE. Lucio Tan's property unit raises capital expenditures to P9 billion ($202.03 million) in 2015, from last year's P4.3 billion ($96.53 million). File photo by AFP

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

Jollibee group Q1 net income climbs to P1.18B

May 13, 2015 - 6:17 PM

The 10 2 increase is attributed to system wide sales from company owned and franchised stores

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

Puregold nets P1.05B in first quarter

May 12, 2015 - 6:51 PM

The grocery retailer further expands its retail chain with the opening of Japanese convenience store Lawson in the first quarter of 2015

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

PLDT hikes capex to P39B for 2015

Mar 04, 2015 - 2:04 PM

The dominant carrier also plans to secure 500M in loans from two Japanese banks as it braces for intense competition

Jollibee earmarks P9.1B to open 330 stores in 2015

Feb 23, 2015 - 7:16 PM

The fastfood giant aims to open 220 local and 110 overseas stores this year and it s about to launch its first store in Chicago Illinois as well

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

Fresh placement to reduce Ayala's stake in real estate arm

Jan 12, 2015 - 3:08 PM

The new shares offering of Ayala Land Inc will dilute its parent company Ayala Corporation s stake in the property giant to 47 3

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

Ayala Corp to raise P15B for power, infra investments

Aug 26, 2014 - 3:00 PM

The conglomerate plans to issue preferred shares in the last quarter of the year

Aboitiz to bid for more PPP projects

Jul 03, 2014 - 12:00 PM

Through its property arm AboitizLand Aboitiz Equity Ventures is looking into participating in more PPP projects to support both its business and national growth

Stalling global corporate spending to remain weak: S&P

Jul 01, 2014 - 1:15 PM

Worldwide corporate investments are expected to dip this year stalling at around 3 3 trillion for 3 years in a row the agency says

STALLED. The fall in investment has been particularly hard in emerging countries, including China, where corporate spending is predicted to fall 4% this year after a similar slump in 2013. File photo by AFP PHOTO / WANG ZHAO

Robinsons Retail allots P7B for 2014 store expansion

Jun 26, 2014 - 8:41 AM

The Gokongwei group is also looking at other retail segments and new global brands and plans to go into franchising

MORE ROBINSONS. For this year, Robinsons Retail is aiming to end 2014 with 1,400 stores, from 1,064 in 2013. Photo from the company's website

Megaworld earmarks P230B for projects over next 5 years

Jun 16, 2014 - 3:31 PM

The property developer is building residential office and retail projects in various parts of the country

Photo from Iloilo Business Park Facebook page

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

Globe secures $120-M loan for operations

Mar 25, 2013 - 5:49 PM

Loan proceeds will be spent for the company s capital expenditures in 2013

$120 MILLION LOAN. Globe Telecoms looks to fund capital expenditures. Photo from Globe Telecoms Facebook page

George Ty's GT Capital allots record P40-B for 2013 capex

Jan 30, 2013 - 6:17 PM

The company will use bulk of the amount for its power generation and property businesses

RECORD CAPEX. GT Capital allots P40 billion for 2013 expansion. AFP Photo

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

Ayala Land to launch 67 projects in 2012

Apr 18, 2012 - 7:57 PM

Majority of the residential projects will cater to the mid and low income markets