AREIT, Inc. (AREIT), the real estate investment trust of Ayala Land, Inc. (ALI), reported a net income of P1.23 billion last year, up 42 percent if excluding a one-time gain in 2019. In a disclosure to the Philippine Stock Exchange, the firm said the higher profit is on account of its stable...
The Department of Energy’s (DOE) plan to increase the biodiesel blend to 5.0 percent by volume (B5) this year is seen to translate to P13 billion in foreign exchange (forex) savings for the Philippines. The Philippine Coconut Authority (PCA), the industry regulating body which...
For nearly a year now, staying home has been a habit for everybody. As families remain cloistered in their houses, they also get more creative in celebrating meaningful events. From birthdays, anniversaries, Christmas, New Year, and even Valentine’s Day—all these occasions had to be...
Land Bank of the Philippines (LandBank) has set aside P2 billion for a new credit facility specifically for fishermen who want to purchase commercial fishing boats. Called LandBank Commercial Fishing Vessel Financing Program, the loan facility allows eligible borrowers willing to borrow up to 80...
SPEAKING OUT Ignacio R. Bunye In a recent award ceremony, the Securities and Exchange Commission (SEC) and the Institute of Corporate Directors (ICD) lauded four Ayala companies for leading the way in terms of corporate governance in the country. Ayala Land, Inc. (ALI) and Globe Telecom made it to...
Veteran real estate developer Cathay Land expects to generate P1.2 billion in sales from Berkeley Suites, its latest mixed-use condominium project at South Forbes Golf City. Cathay Land President Jeffrey Ng cited the new 8-storey mid-rise condominium as a very good and wise investment. Foremost, Ng...
The Ayala group of companies bagged top accolades at the 2019 ASEAN Corporate Governance Scorecard Awards held by the Securities and Exchange Commission and the Institute of Corporate Directors. Ayala Corporation, Bank of the Philippine Islands, Ayala Land, Inc., and Globe Telecom were hailed ASEAN...
Land Bank of the Philippines (LANDBANK) has opened a new credit facility that will fund 90 percent of borrowers’ investment requirement, but this is only if the borrower is either a farmer or a micro, small, and medium enterprise (MSME) engaged in the agricultural value chain of certain...
This is part of a series of profiles on a new generation of leaders, thinkers, creators, innovators, and trailblazers across many fields in the country. The list is drawn under the theme “What’s Now, What’s New, What’s Next” in celebration of Manila Bulletin’s 121st anniversary as an...
The Land Bank of the Philippines’ (LANDBANK) agricultural loans grew from P236.31 billion in 2019 to P237.62 billion in 2020, more than half of which were given to small, medium, and large agribusinesses. Of the P237.62 billion total outstanding loans, small, medium, and large agribusiness...
Filinvest Land Inc. is planning to convert its wholly-owned subsidiary, Cyberzone Properties Inc. (CPI), into a Real Estate Investment Trust (REIT) Company. In a disclosure to the Philippine Stock Exchange, FLI said the move has been approved by its Board of Directors. “CPI is intended to be...
AREIT, Inc. (AREIT), a subsidiary of Ayala Land, Inc. (ALI), reaped multiple international awards and citations in 2020 as the first Real Estate Investment Trust (REIT) to list in the Philippine Stock Exchange (PSE) last year. The landmark debut saw AREIT successfully complete its initial public...
