A multi-billion-dollar proposal by San Miguel Corp. to build an alternative to the Philippine capital’s congested airport passed a crucial government hurdle, leading the list of approvals for more than a dozen projects.San Miguel’s offer to invest 735.6 billion pesos ($14.1 billion) for an integrated airport project in Bulacan province north of the capital was approved by a Philippine inter-agency committee led by President Rodrigo Duterte. The proposal will be subject to a public challenge under local rules.The government also approved a 12.6 billion-peso tender to operate Clark international airport at the former U.S. military base and a 50 billion-peso railway project that will connect Clark to the Subic free port, Economic Planning Secretary Ernesto Pernia said in a mobile phone message. Twenty projects and funding plans were given the go-ahead, according to the Philippine Daily Inquirer.Airports and railways are key components of Duterte’s 9 trillion-peso … [Read more...] about Duterte Greenlights $15.3 Billion of Airport, Rail Projects
Multi billion dollar companies list
James Titcomb 15 April 2018 • 9:53pm It is often lamented that for all of the vibrancy of London’s financial markets, it does a pretty poor job of bringing technology companies to the table. So, last week’s news that the cybersecurity software company Avast had chosen to float in London, rather than New York, was greeted with some cheer. Avast, based in the Czech Republic, announced that it plans to sell some $1bn (£700m) of shares when it goes public in May. A free float of 25pc suggests a valuation of $4bn, or £2.8bn, making it the biggest-ever flotation of a technology company in London. Billion dollar technology listings are not, it would seem, just for Wall Street. Some analysts suggested the rumoured valuation was underplaying... To continue reading this article Start your free trial of Premium Access all Premium articles Subscriber-only events Cancel any time Free for 30 days then only £2 per week … [Read more...] about Multi-billion dollar Avast float is no sign that London is ready to embrace tech
Nearly £3bn worth of initial public offerings (IPOs) were pulled in London at the end of last year. Deals that were announced but then failed to make it to market include debt collector Cabot Credit Management, professional services business TMF Group and phone mast company Arqiva. In the six months to December companies that had announced plans to collectively raise almost £3bn backed out of flotations. Read more: Arqiva scraps £6bn float amid market uncertainty Marco Schwartz, managing director of capital markets for accountancy firm KPMG, said: “What happened was that as we got towards the end of the year there was fatigue building up on the buy side. They became very price sensitive in a way that caught issuers by surprise.” On 3 November both Arqiva and Icelandic ready meal company Bakkavor cancelled announced floats. Arqiva cited “market uncertainty” for its decision while Bakkavor blamed “volatility in the IPO market”. A week … [Read more...] about After a bumpy end to 2017 what is the outlook for the London listing market in 2018?
MUMBAI - Agence France-Presse Indian airline Jet Airways has entered an agreement to buy 75 Boeing 737 MAX aircraft in a deal that could be worth more than $7 billion. The country’s second-largest airline made the announcement to the Mumbai stock exchange late on April 3. The company did not specify which model of the narrow-body jet it planned to purchase, or whether it had placed a firm order rather than a memorandum of understanding. The deal could be worth anywhere between $7.2 billion and $9.7 billion, depending on the type of jet acquired and based on list prices. Airlines often negotiate discounts on major orders. India is witnessing a boom in air travel as its growing middle class takes to the skies. Airlines are rapidly expanding their fleets to capture a slice of this market. There has been a six-fold increase in passenger numbers over the past decade as Indians take advantage of better connectivity and cheaper fares thanks to a host of … [Read more...] about India’s carrier to buy 75 jets in multi-billion dollar order
Boeing and European rival Airbus are competing heavily in China 0SHARES Share Tweet Email Chinese President Xi Jinping (R) and US President Donald Trump,PHOTO:AFP BEIJING: China signed an agreement Thursday to buy 300 airplanes from US aerospace giant Boeing valued over $37 billion, as part of a multi-billion dollar raft of deals announced during President Donald Trump’s visit to Beijing. The agreement for China Aviation Suppliers Holding Co (CASC) to buy the single-aisle and twin-aisle aircraft was among the more than $250 billion in agreements announced at a ceremony attended by Trump and Chinese leader Xi Jinping. A Boeing statement said the agreement includes “orders and commitments” to buy the aircraft, but it did not give a further breakdown. Regardless of ruling party: China vows to complete multi-billion dollar CPEC In September 2015, Boeing had already received an order from CASC for 300 aircraft valued at a record $38 billion … [Read more...] about China signs $37 billion deal to buy 300 Boeing planes