MANILA, Philippines–The year 2018 was a banner year for the Filinvest group as it reported consolidated net income of P13.4 billion, 31% higher than the previous year’s net income.
Filinvest…
Author: Filinvest Development Corporation
Filinvest Income Rises 31%
Chroma Hospitality takes off with home grown brands
Chroma Hospitality owns the homegrown brands Crimson, Quest in the Philippines, and soon-to-be-launched Grafik. This year, it will have over 1700 keys operating in Cebu, Mactan, Manila, Clark,…
Filinvest’s power unit, Apex renew supply agreement
“Our first two years with Apex Mining has been a very good experience and we are very happy to renew this power supply agreement with Apex. We are proud to be the provider of Apex Mining as we…
Winning consortium vows world-class Clark int’l airport
The 25-year contract was awarded to their group, the North Luzon Airport Consortium (NLAC) by the Bases Conversion Development Authority (BCDA).
FDC, the lead consortium member, said the group is…
CLARK O&M proposal endorsed by DOTR
Transportation Secretary Arthur Tugade said on Friday the proposal of the consortium—made up of Filinvest Development Corp., JG Summit Holdings, Inc., Philippine Airport Ground Support Solutions, Inc…
MisOr honors top taxpayers
FDC Misamis Oriental Corporation, which operates a coal-fired power plant in the province, was cited as Top Taxpayer for paying a total of Php 60,698,039.72 in taxes, for the first, second, and third…
FDC income surges to P10.5 billion in January-September
“Our investments in power, property and in the bank infrastructure are now being reflected in the healthy increase of FDC’s net income. While we are always managing risk in our subsidiaries, adding…
Filinvest ventures into solar rooftops
The partnership is the second collaboration between the Filinvest group and ENGIE, having concluded a joint-venture agreement for the incorporation of Philippine DCS Development Corp. (PDDC) to…
FDC Misamis turns 2, fetes coop-associates
FDC Misamis Power Corporation (FDC Misamis) in PHIVIDEC Industrial Estate, Villanueva, Misamis Oriental marked its 2nd anniversary last Friday, September 21, 2018 with Customers’ Appreciation Night…