Page 39 - First Pacific News Today : Breaking News, Live Updates & Top Stories | Vimarsana

By Senior Reporter THE Cavite provincial government is once again inviting firms to submit joint venture proposals for the Sangley international airport project, less than a month after it canceled an earlier deal with MacroAsia Corp. and China Communications Construction Company (CCCC). In an announcement published on Monday, the Cavite government said the project feasibility study including schedules and updates, instructions to candidate joint venture partners, and the draft joint venture and development agreement will be available for distribution to interested parties from Mach 1 to Mar...

February 2, 2021 | 12:04 am Font Size AAA METRO PACIFIC Investments Corp. (MPIC) and its partner Singapore-listed Keppel Infrastructure Trust (KIT) have completed the acquisition of the Philippine Tank Storage International Holdings, Inc. (PTSI), which owns the largest petroleum products import storage facility in the Philippines, the former announced on Monday. “Further to our disclosure filed on 9 December 2020, on 29 January 2021, MPIC and Keppel Infrastructure Fund Management Pte. Ltd., in its capacity as trustee-manager of KIT, completed the acquisition of 100% of the total is...

BusinessWorld January 31, 2021 | 6:48 pm Cordova Mangrove Center with bird-watching deck launched THE town of Cordova in Cebu’s Mactan Island now has a mangrove propagation center that also features a view deck for bird watching. The facility was funded by Metro Pacific Investments Foundation, the corporate social responsibility arm of Metro Pacific Investments Corp. (MPIC) and its subsidiary Cebu-Cordova Link Expressway Corporation (CCLEC). “We entrust this Mangrove Propagation and Information Center to the people of Cordova, under Mayor Mary Therese Sitoy-Cho, in the bel...

January 26, 2021 | 8:09 pm Font Size         Photo by Department of Transportation THE Transportation department said Tuesday that it took delivery of the first batch of train cars from Spain and Mexico for use of the Light Rail Transit Line 1 (LRT-1) Cavite extension. “This means that after 19 long years of waiting, the LRT-1 Cavite extension is finally turning into reality,” the department said in a statement. Japan, through the Japan International Cooperation Agency, funded the manufacture of the 120 fourth-generation light rail vehicles. The train cars will be provide...

Polar Capital snaps up Dalton Strategic Partnership for European push Acquisition will provide Polar with its first Luxembourg Sicav as it eyes European expansion Polar Capital has agreed to buy Dalton Capital, the parent company of £1.2bn European equities boutique, Dalton Strategic Partnership. The deal is for a total of £15.6m, comprising an initial payment by Polar of £8.3m, split between £7.8m cash and £500,000 in Polar shares, and a deferred cash payment of £7.3m to be paid 12 months after completion. Dalton Strategic Partnership is a London-based European equities specialist. It ...