MREIT, Inc., the real estate investment trust of township developer Megaworld Corporation, reported a 12 percent improvement in distributable income to P3.2 billion for full-year 2024. In a disclosure to the Philippine Stock Exhcange, the firm said this growth was primarily driven by the...
Ayala Corporation, the country’s oldest conglomerate, is no longer selling manufacturing subsidiary Integrated Micro-electronics Inc. as the unit has managed to turnaround after measures were taken to cut losses. In an interview, Ayala Chief Finance Officer Alberto M. de Larrazabal said that they...
Lopez-led multimedia firm ABS-CBN Corporation is selling about 70 percent of its 4.4-hectare (ha) prime property in Quezon City to real estate giant Ayala Land Inc. (ALI) for ₱6.24 billion to raise funds to pay off loans. In a disclosure to the Philippine Stock Exchange, ABS-CBN said it signed a...
The Metro Manila Mayors’ Spouses Foundation Inc. together with Mayor Francis Zamora, officials and staff from CHILD Haus, and the children under their care pose for a photo during the turn over ceremony of the vehicle. (Photo by Patrick Garcia) The Metro Manila Mayors’ Spouses Foundation Inc....
From left: Yukio Sato, General Manager for After-Sales Service and Marine Division of Suzuki Philippines Incorporated (SPH); Norihide Takei, Director and General Manager for the Automobile Division of SPH; Hon. Luigi Marcel T. Goñi, City Mayor of Bais City, Negros Oriental; George Du, Chairman of...
Dusit Princess Firenze in Cagayan De Oro (Artist perspective/Dusit website) For property firms with real estate investment trusts (REITs), Colliers Philippines is pushing for the addition of hotel assets as an integral part of their diversification strategies. The real estate services and...
SM Prime Holdings Inc. (SM Prime), one of Southeast Asia’s largest property developers, has successfully raised ₱25 billion from the issuance of fixed-rate retail bonds, which it listed on the Philippine Dealing & Exchange Corporation (PDEx) on Feb. 25, 2025. The issuance, consisting of...
President Marcos told officials of a manufacturing company to continue engaging the Philippines as it aims to boost its semiconductor industry. President Ferdinand 'Bongbong' Marcos Jr. and Amkor Technology Inc. chief operating officer Kevin Engel meet at the Malacañan Palace on Feb. 25, 2025....
2GO Special Containers and Value-Added Services Inc. (SCVASI), a subsidiary of transportation and logistics firm 2GO Group Inc., has launched a standalone custom brokerage service aimed at enhancing logistics efficiency and reliability. In a statement on Monday, Feb. 24, 2GO SCVASI described the...
Tanco-led STI Education Systems Holdings Inc. (STI Holdings), owner of the country's largest network of private schools, reported a 76 percent jump in net income to ₱912.2 million for the six-month period ended December 2024 from ₱517.8 million in the same period of 2023. In a...
SM Prime Holdings Inc. (SM Prime), one of Southeast Asia’s largest property developers, is allotting ₱100 billion for capital expenditures this year, same as the amount earmarked in 2024, as it expects sustained growth in consumer demand and corporate activity. “We expect election-related...
BDO Unibank Inc. reported that its net income improved 12 percent to ₱82 billion in 2024 from ₱73.4 billion in 2023 due to the solid performance of its core businesses. In a disclosure to the Philippine Stock Exchange, the SM Group’s banking unit said its earnings translate to a return on...
