It has been said that 2021 is the year of the REIT (real estate investment trust)`after two initial public offerings with a combined market capitalization of P74.36 billion plus two more IPOs in the pipeline with a maximum combined market cap of P128.43 billion. Makati CBD skyline These four IPOs...
Cebu Landmasters Inc. (CLI) reported a 66 percent jump in attributable net income to P1.32 billion in the first half of 2021 from the P792 million earned in the same period last year. In a statement, the VisMin developer said the first semester results show that it is set to surpass its growth...
Frost & Sullivan recently conferred the 2021 Philippines Property Development Competitive Strategy Leadership Award to Ayala Land, Inc. (ALI) during its Best Practices Awards. In a statement, ALI said the program recognizes and honors best-in-class companies that have demonstrated excellence in...
PLDT Inc. is investing P3.9 Billion (US$80M) in the APRICOT undersea cable system to entice global hyperscalers expanding in the region, the telco today, August 16. pldt-logo-ver2 PLDT formed a consortium with four other parties for the cable system, which will be fully operational in 2024. The...
Thanks to higher shipments, Global Ferronickel Holdings, Inc. (FNI), the country’s second-largest nickel ore producer, saw its income surging to P640.8 million during the first half of the year, compared to the P195.8 million it had in the same period last year. As for revenues, the company saw a...
Century Properties Group Inc. reported a 16 percent drop in consolidated net income for the first half of 2021 to P457 million while consolidated revenues dipped 2 percent to P4.43 billion despite strong contributions from its affordable housing unit. In a disclosure to the Philippine Stock...
National Security Council (NSC) Director General Hermogenes Esperon Jr. disclosed Friday, Aug. 13, that he has supported the cancellation of the election registration of Gabriela Women's Party (GWP), a progressive group that advocates for women's issues in the Congress. National Security Adviser...
AREIT Inc. (AREIT), the pioneering real estate investment trust (REIT) sponsored by Ayala Land Inc., marked its first anniversary since it debuted on the Philippine Stock Exchange with another cash dividend declaration. Delivering on its commitment to its shareholders, AREIT has declared dividends...
Check out what it is bringing to the store and earn a special reward Championing Filipino artisans and providing sustainable means of livelihood, those have been the mission of Rag2Riches Inc. (R2R) since its establishment in 2007. Led by Reese Fernandez-Ruiz, the social enterprise does it by...
Alliance Global Group, Inc. (AGI), the holding company of tycoon Dr. Andrew L. Tan, tripled its net income to P12.8 billion in the first half of 2021 from P4.1 billion in the same period last year. In a disclosure to the Philippine Stock Exchange, the firm said earnings were boosted by its...
Vista Land & Lifescapes, Inc., one of the country’s leading integrated property developers and the largest homebuilder, posted a 9 percent improvement in net income to P3.8 billion for the first semester of 2021 from the same period last year. 25816 In a disclosure to the Philippine Stock...
The Philippine Stock Exchange’s Board of Directors has approved the listing of the shares of RL Commercial REIT, Inc. (RCR) paving the way for the real estate investment trust’s initial public offering worth up to P26.7 billion. Upon its target listing, RCR is poised to be the largest REIT by...
