PH partners Aboitiz-JV Angeles seal $223m water supply project

From the website of Aboitiz

Partner companies in the Philippines Aboitiz Equity Ventures Inc (AEV) and JV Angeles Construction Corp sealed a P10 billion (223 million) contract with the Davao City Water District (DCWD) for the completion of a water supply project.

Apo Agua Infrastructura Inc — a joint venture company of AEV and JV Angeles — signed the contract with DCWD including a bulk water purchase agreement (BWPA).

Apo Agua is tasked to complete the water supply project dubbed Tamugan Surface Water Development Project, which is scheduled to run from year 2016 to 2018.

Under the BWPA contract, Apo Agua will supply treated bulk water of up to 300 million liters per day to DCWD from a facility that will be powered by a hydroelectric power plant, a renewable energy facility.

“The project is intended to provide a reliable supply of potable water for the growing needs of Davao City,” AEV said in its statement.

A listed public holding and management company, AEV’s last traded price was at P57.10, down by 1.04 per cent or P0.60 to yesterday’s P57.70.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.