The Securities and Exchange Commission (SEC) has issued the final version of its tiered minimum public ownership (MPO) requirement for initial public offerings (IPOs), a move expected to entice major corporations such as GCash and Maya to list their shares locally rather than seek overseas bourses....
Century Properties Group Inc. (CPG) is earmarking ₱12 billion for capital expenditures (capex) this year to fund its developments, focusing on the first-home and premium residential segments amid an oversupply in the mid-income condominium market. “CPG continues to execute a dual-brand growth...
Unicapital Securities Inc. has reduced its forecast for the Philippine Stock Exchange’s (PSE) benchmark index, the PSE index (PSEi), to 6,800 from its earlier target of 7,100, citing lingering challenges faced by local equities, led by the impact of a recent corruption scandal and other factors....
SM Prime Holdings Inc., the property development arm of the Sy family, is set to open a multipurpose indoor arena in Cebu this June that will surpass the capacity of its flagship venue in Manila as it seeks to capture regional tourism demand. In a briefing on Tuesday, Feb. 24, SM Prime President...
Recently, Honda Cars Philippines did me a solid and gave me rare seat time: a week each, back to back, in the Civic RS and the Civic Type R. It was the best kind of access to make a fair comparison. Week one was the Civic RS 1.5 turbo. The moment I handed it back, I took the Type R. With no gap...
Earnings of Filinvest REIT Corp. (FILRT), the real estate investment trust (REIT) of Gotianun-led Filinvest Land Inc. (FLI), continued to decline, this time by 21.5 percent to ₱1.28 billion last year from the ₱1.63-billion net income earned in 2024, due to the impact of changes in property...
Antonio-led Century Properties Group Inc. (CPG) is planning to launch ₱40 billion worth of residential projects this year, which will be partly funded by the ₱5 billion it raised from its latest bond issuance. Through its subsidiary PHirst Park Homes Inc. (PPHI), which focuses on the affordable...
Local stocks are expected to trade on the strength of corporate earnings this week as investors pivot away from a sparse economic calendar and focus on the health of the private sector. With the fourth-quarter and full-year 2025 reporting season underway, analysts suggest corporate performance...
Real estate giant Ayala Land Inc. (ALI) is allotting ₱70 billion to ₱80 billion for capital expenditures (capex), with a greater focus on its leasing business for offices and malls, which is seen to propel 2026 into another banner year as the residential market remains soft. During the firm’s...
The Philippines’ largest property developer reported a 39 percent surge in profit as recovery in commercial lot sales and its expanding hotel and mall portfolio offset the cooling residential market. In a disclosure to the Philippine Stock Exchange on Friday, Feb. 20, Ayala Land Inc. (ALI)...
AREIT Inc., the real estate investment trust backed by property giant Ayala Land Inc., posted a 28 percent increase in full-year net income as a series of acquisitions bolstered its portfolio. Based on the firm’s disclosure to the Philippine Stock Exchange, AREIT’s net income, excluding fair...
SM Offices, the office leasing arm of SM Prime Holdings Inc. (SM Prime), is continuing to expand its presence in Metro Manila and key cities nationwide, starting with the investment of more than ₱1 billion to complete over 60,000 square meters (sqm) of leasable space in Cebu City by the fourth...
