Page 14 - Philex Mining News Today : Breaking News, Live Updates & Top Stories | Vimarsana

March 3, 2021 | 7:39 pm Font Size AAA THE SUPPLY of water for Metro Manila will be sufficient to get the capital region through the dry months, water regulators said. National Water Resources Board Executive Director Sevillo D. David, Jr. said in a mobile phone message that Metro Manila will be adequately supplied with water, judging from the current levels at its main water source, Angat Dam in Bulacan. As of Wednesday morning, the water level at Angat was 210.62 meters, according to the government weather service, which is known as PAGASA (Philippine Atmospheric, Geophysical and As...

BusinessWorld March 4, 2021 | 12:09 am Pandemic hits toll roads, rail services, water and power businesses METRO PACIFIC Investments Corp. (MPIC) said on Wednesday that its core net income last year had declined 34% to P10.2 billion as the global health crisis slowed down economic activities and reduced business operations. “MPIC’s consolidated core net income for 2020 declined 34% to P10.2 billion owing largely to the economic contraction brought about by the COVID-19 pandemic,” the Manuel V-Pangilinan-led holding firm said in a regulatory filing. MPIC said contribution...

Pangilinan offers to buy Shell's Malampaya stake Updated Mar 3, 2021 12:38:00 PM enablePagination: false (FILE PHOTO) Metro Manila (CNN Philippines, March 3) — Business tycoon Manny Pangilinan has officially offered to buy Shell Philippines Exploration B.V.’s 45% stake in the Malampaya gas facility. "We have submitted a final non-binding offer to Shell," Pangilinan said, referring to First Pacific Company Ltd., during Meralco's virtual briefing on Monday. Pangilinan is chief executive officer of the Hong Kong-based investment management and holding company. The Meralco chairman added tha...

March 2, 2021 | 12:09 am Font Size AAA THE head of the MVP group of companies said on Monday that he was looking at acquiring the stake of Shell Philippines Exploration B.V. (SPEx) in the Malampaya gas-to-power project off the northwest Palawan coast. Manuel V. Pangilinan, chairman of Manila Electric Co. (Meralco), said that his group had recently submitted a non-binding offer to the operator of the country’s only natural gas field. “We’re looking at acquiring the share stake. We have submitted our final non-binding offer to Shell,” he said during a briefing on Meralco’s op...

BusinessWorld February 18, 2021 | 12:06 am Senior Reporter METRO Pacific Investments Corp. (MPIC) on Wednesday said its tollways unit Metro Pacific Tollways Corp. (MPTC) sold 100% of its stake in Thailand’s AIF Toll Roads Holdings Co., Ltd. for $149.25 million. FPM Tollway (Thailand) Ltd., a 100% indirect subsidiary of MPTC, entered into share purchase deals with “several parties” on Feb. 16 for the sale of 100% of its shares in AIF Toll Roads Holdings (Thailand) Co., Ltd., MPIC said in a disclosure to the stock exchange. AIF Toll Roads owns about 29.45% of the ...