3 Fast Facts on Maynilad’s Joint Venture Deal with Moya Indonesia

Maynilad Water Services Inc (Maynilad), the private firm managing the water services of the western zone of Metro Manila in the Philippines, has signed a joint venture agreement (JVA) with PT Moya Indonesia (Moya Indonesia) for the establishment of a joint venture company (JVCo). Here are the three fast facts about Maynilad’s JVA with Moya… Continue reading 3 Fast Facts on Maynilad’s Joint Venture Deal with Moya Indonesia

DMCI Power Builds New Plant in Palawan

DMCI website

Off-grid energy company DMCI Power Corporation is building a 2×4.95MW bunker-fired power plant in Aborlan, Palawan to stabilize electricity supply in the franchise area of Palawan Electric Cooperative, Inc. (PALECO). The plant is expected to commence operations by year-end. “We are investing approximately P600 million in Aborlan to address the continuing increase in electricity demand… Continue reading DMCI Power Builds New Plant in Palawan

Philippines: DMCI Holdings H1 Net Income Drops 5%

Diversified engineering conglomerate DMCI Holdings, Inc. (PSE: DMC) posted a 5 percent dip in profitability in the first half of 2016. From P6.6 billion, its consolidated net income slid to P6.2 billion due to lower contributions from its real estate, nickel mining and water businesses. “Since last year, we have been anticipating an earnings slowdown… Continue reading Philippines: DMCI Holdings H1 Net Income Drops 5%

DMCI Completes P900-Million Steel Plant in Batangas

D.M. Consunji, Inc. (PSE:DMC) has completed the construction of a P900 million state-of-the-art steel plant in Calaca, Batangas. The newest high capacity steel fabrication plant in the country, the DMCI facility uses machine tool technology from Peddinghaus Corporation and Voortman Steel Machinery. Both are globally acknowledged suppliers of innovative machine tool technology for structural steel… Continue reading DMCI Completes P900-Million Steel Plant in Batangas