PPP body approves project support for Davao, General Santos port development projects

Feb. 17 | The Public-Private Partnership Center (PPC) Project Development and Monitoring Facility (PDMF) Committee has approved the provision of support for the project development, transaction advisory and management of competitive challenge process relating to...

Chelsea Logistics eyes P7B expansion fund from issuing bonds

Feb. 4 | Chelsea Logistics Holdings Corp. (CLHC) confirmed plans to raise P7 billion from the debt market to fund its expansion projects for this year. CLHC in a regulatory disclosure confirmed a report quoting vice president for finance Ignacia Braga IV as saying...

Chelsea Logistics’ Q1-Q3 income drops 72%

Nov. 18 | Chelsea Logistics Holdings Corp. (CLC) reported a net income of P43.013 million for the first nine months of 2018, a 72% decrease from P152 million earned over the same period last year. In a statement, CLC attributed its lackluster performance to the...

Logistics firm Worklink is Chelsea Logistics’ latest acquisition

Nov. 12 | Chelsea Logistics Holdings Corp. (CLC) has acquired local logistics company Worklink Services, Inc. (WSI) in line with its ongoing effort to expand operations and create more value for its clients. CLC in a regulatory disclosure said on November 8 that...

Dennis Uy’s company to buy firm developing Clark’s Global Gateway Logistics City

Oct. 20 | Davao-based businessman Dennis Uy is on an expansion binge. Photo from www.chelsealogistics.ph. Clark Global City Corporation (CGCC) will acquire the company that has leasehold rights over a 177-hectare land in Clark Freeport Zone that includes Global...

Chelsea Logistics contemplating takeover of ferry operator

Sep. 7 | Photo from www.chelsealogistics.ph Chelsea Logistics Holdings Corp. (CLC) has signed a memorandum of understanding (MOU) to buy 100% shares of stocks from the owners of ferry company Starlite Ferries, Inc. (Starlite) and its subsidiaries. CLC in a statement...