Diversified conglomerate San Miguel Corporation (SMC) and property giant Ayala Land Inc. (ALI) have signed an Integration Agreement to connect ALI’s Arca South on and off ramps into the Skyway system. In a statement, SMC said the connection will be made via the upcoming South East Metro Manila...
The real estate landscape in the Philippines is set to witness a transformative force with the emergence of Federal Land NRE Global Inc. or simply FNG. This is born from the dynamic and strategic partnership between two real estate industry giants — the Philippines’ Federal Land, Inc. and...
Vista Land & Lifescapes Inc., the flagship real estate company of richest Filipino Manuel B. Villar, has set the interest rate for its peso-denominated fixed-rate bonds worth up to P10 billion. In a disclosure to the Philippine Stock Exchange (PSE), the firm said the rate has been pegged at...
The Land Transportation Office (LTO) has impounded 41 motorcycles as it starts the implementation of “No Registration, No Travel” policy after its data disclosed that there are around 24.7 million motor vehicles with expired registration across the country. The 24.7 million delinquent motor...
Three state-run banks and insurance corporations received the highest ratings for corporate governance in 2022 from the Governance Commission of GOCCs (GCG). During the Government-owned and Controlled Corporations (GOCC) governance awards on Monday, Nov. 20, the Land Bank of the Philippines...
AREIT Inc., the real estate investment trust of Ayala Land Inc., is acquiring P6.77 billion worth of industrial assets from another member of the Ayala Group, ACEN Corporation, to bolster its portfolio further. In a disclosure to the Philippine Stock Exchange (PSE), AREIT said it is acquiring 276...
To enhance investment returns, the Social Security System (SSS) has tapped two government-owned banks to serve as its local fund managers for the next three-year period. Rolando Ledesma Macasaet, SSS president and chief executive officer said, the pension fund has allocated P2 billion in...
Filinvest Land Inc., a member of the Gotianun Group, reported that the Securities and Exchange Commission (SEC) has approved the shelf registration of its P35-billion Peso-Denominated Fixed-Rate Bonds. In a disclosure to the Philippine Stock Exchange (PSE), FLI said the SEC has also approved its...
Richest Filipino Manuel B. Villar Jr.’s Vista Land & Lifescapes Inc. renewed its growth trajectory as its net income shot up by 70 percent to P8.22 billion for the first nine months of 2023 from P4.82 billion in the same period last year. One of the country’s leading integrated property...
When Land Transportation Office (LTO) chief Vigor D. Mendoza asked for financial data for possible reform measures to increase the agency’s revenue collections, he could not help but rub his eyes to check if he was just misreading the documents submitted to him. It was understandable since based...
Ayala Triangle Gardens' Festival of Lights always holds a special place in the hearts of people in the Metro. Indeed, it has been an annual tradition to await the light shows, not only for people in Makati but also for Filipinos across the islands. Now on its 15th year, Ayala Land’s...
Filinvest Land Inc. (FLI), a member of the Gotianun Group, reported a 22 percent improvement in attributable net income to P2.44 billion for the first nine months of 2023 on the back of growth in its residential and mall businesses. In a disclosure to the Philippine Stock Exchange (PSE), the...
