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Zinnia Dela Peña

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MPTC mulls $600 million investment in Indonesia toll road operator

by Zinnia Dela Peña - November 20, 2023 - 12:00am

Metro Pacific Tollways Corp., the toll road arm of tycoon Manuel V. Pangilinan-led Metro Pacific Investments Corp., may need to allocate $600 million if it successfully secures its bid to invest in Indonesian toll...

Marubeni still upbeat on Philippines

by Zinnia Dela Peña - November 13, 2023 - 12:00am

Japanese trading giant Marubeni remains optimistic about the Philippine market, affirming its commitment to increasing investments in both the short to long term.

MPIC remains interested in Axelum

by Zinnia Dela Peña - November 13, 2023 - 12:00am

Metro Pacific Investments Corp. has reaffirmed its interest in coconut products manufacturer and exporter Axelum Resources Corp., with aspirations to finalize a deal by end of the year, contingent on the results...

Metro Pacific ramps up hospital expansion

by Zinnia Dela Peña - November 11, 2023 - 12:00am

Metro Pacific Investments Corp. is ramping up efforts to expand its hospital operations, aiming to nearly double its network to 40 within two years, or by 2025.

Citicore rising as solar powerhouse

by Zinnia Dela Peña - June 20, 2021 - 12:00am

Despite the challenges of the COVID-19 pandemic on his airport and construction businesses, Megawide founder and controlling owner Edgar Saavedra has experienced unexpected silver linings.

Duterte urged: Veto rice tariffication

by Zinnia Dela Peña - February 14, 2019 - 12:00am

The bill that seeks to liberalize rice importation by replacing quantitative import restrictions with tariffs will lapse into law this week if it remains unsigned by President Duterte.

Local businessmen warn vs high sin tax proposals

by Zinnia Dela Peña - January 28, 2019 - 12:00am

Local businessmen have opposed a proposal pushing for a further increase in alcohol and cigarette excise taxes, saying such a move may lead to even higher incidence of illicit trade.

Phoenix Petroleum’s P7-billion commercial papers get top credit rating

by Zinnia Dela Peña - November 27, 2018 - 12:00am

Phoenix Petroleum Philippines Inc., the country’s leading independent oil company, is offering as much as P7 billion worth of new commercial papers to fund its working capital requirements and refinance existing...

Rice tariff law a priority, says economic team

by Zinnia Dela Peña - October 7, 2018 - 12:00am

The government’s economic managers are pushing for the immediate passage of the Agricultural Tariffication Act which aims to ensure food security, protect agricultural producers and make the sector globally...

Ayala Land Inc. gets top rating for P8-billion bond issue

by Zinnia Dela Peña - September 18, 2018 - 12:00am

Ayala Land Inc. has secured the top credit rating for its proposed P8 billion bond issuance from local credit watcher Philippine Rating Services Corp.

MPIC expects to resolve toll hike issue within Sept 2018

by Zinnia Dela Peña - September 12, 2018 - 12:00am

Metro Pacific Investments Corp. expects to reach a compromise on its dispute with the government over the long-delayed rate adjustments in its toll roads within the month.

MPIC eyes up to 4 hospitals outside Metro Manila

by Zinnia Dela Peña - September 10, 2018 - 12:00am

Infrastructure holding firm Metro Pacific Investments Corp. (MPIC) is setting its sights on three or four hospitals outside Metro Manila to expand its growing healthcare operations.

Soaring inflation, weakening peso worrying investors

by Zinnia Dela Peña - September 8, 2018 - 12:00am

MILAN – Soaring inflation and a volatile exchange rate in the Philippines are starting to rattle foreign investors, a top official of infrastructure conglomerate Metro Pacific Investments Corp. (MPIC) sa...

MVP to Bulakeños: Invest in agriculture

by Zinnia Dela Peña - September 9, 2017 - 4:00pm

Bulacan, dubbed as the gateway to the northern Philippines, must expand further in agriculture and aquaculture to continue driving the province’s growth potential, tycoon Manuel V. Pangilinan said.

Loyal customers keep BPI alive in crisis

by Zinnia Dela Peña - June 24, 2017 - 4:00pm

Speedy action, nurturing a loyal customer base and keeping clients well-informed and reassured have helped Ayala-led Bank of the Philippine Islands get through its rough patch.

Pagcor expects P6 B from online gaming taxes

by Zinnia Dela Peña - May 18, 2017 - 4:00pm

The Philippine Amusement and Gaming Corp. expects to generate around P6 billion from online gambling taxes.

Philippines seen as next big thing in Asian gaming

by Zinnia Dela Peña - May 17, 2017 - 4:00pm

The Philippines is seen to be the next big thing in Asian gaming given its robust growth prospects and the surge in Chinese tourist arrivals, a top gaming industry analyst said.

Customs tightens watch in smuggling hotspots

by Zinnia Dela Peña - May 8, 2017 - 12:00am

The Bureau of Customs (BOC) wants to tighten monitoring of goods in areas believed to be hotspots for smugglers.

Farmers ask cigarette firms to pay correct taxes

by Zinnia Dela Peña - April 30, 2017 - 12:00am

The Philippine Tobacco Growers Association (PTGA) is calling on cigarette manufacturers to pay the correct taxes and bring in as much revenue as they can to sustain vital health and fiscal programs of the gover...

FLI unit to issue up to P5 B bonds

by Zinnia Dela Peña - April 17, 2017 - 12:00am

Cyberzone Properties Inc., a wholly-owned unit of Filinvest Land Inc., is tapping the debt market to raise as much as P5 billion from the sale of five to 10 year bonds.

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