AREIT Inc., the real estate investment trust sponsored by property giant Ayala Land Inc., registered a 42 percent jump in net income, excluding the net fair value change in investment properties, to P3.43 billion in the first nine months of 2023. In a disclosure to the Philippine Stock Exchange...
The Land Transportation Office (LTO) vowed on Monday, Nov. 13, to run after motorists who would dare to escape from traffic enforcers who would flag them down for traffic violations as the higher penalties for those who would illegally use the EDSA Bus Lane has started. LTO chief Vigor D. Mendoza...
The fusion of two distinct identities can lead to various outcomes, but it's always an exciting development to see what may emerge, especially when we combine the best qualities of each one. This fusion is now embodied in Federal Land NRE Global, Inc., or simply FNG, a new entity born from the...
The Metropolitan Manila Development Authority (MMDA) has warned motorists anew not to use the EDSA Bus Lane to escape traffic jams especially during the morning and rush hours as it starts the implementation of higher penalties for the violators starting Monday, Nov. 13. MMDA chairman Don Artes...
Aboitiz Land’s digital ecosystem for its customers, OneVecino, has been recognized with the esteemed title of Best Online Real Estate Portal at the International Finance Awards 2023. OneVecino is a comprehensive suite of tools and services tailored to enhance the experience of its...
A passenger jeepney driver and the owner of the vehicle he was driving are now facing P2 million fine and imprisonment of up to 12 years for operating a colorum public utility vehicle (PUV). That would be the penalty on Benito Ollete and Julhapas Tantong if they are found guilty of violating the...
The Gokongwei Group’s property development arm Robinsons Land Corporation (RLC) reported a 31 percent growth in attributable net income to P8.84 billion in the first nine months of the year. In a disclosure to the Philippine Stock Exchange (PSE), the firm also reported a 49 percent jump in...
Property giant Ayala Land Inc. (ALI) posted a 38 percent hike in total net income to P18.4 billion in the first nine months of the year as consolidated revenues improved 15 percent to P98.9 billion year-on-year. In a disclosure to the Philippine Stock Exchange (PSE), the firm said it maintained a...
Legitimate transport operators have been losing 30 percent of their income due to operation of colorum public utility vehicles (PUVs), the Department of Transportation (DOTr) has disclosed. The complaints of the transport groups have prompted DOTr Secretary Jaime Bautista to order the Land...
Land Transportation Office (LTO) chief Vigor Mendoza II has ordered the deployment of more mystery colorum vehicle drivers to maintain the integrity of the crackdown on colorum public utility vehicles (PUVs) following the arrest of six enforcers of the agency for alleged extortion. Mendoza said...
The Securities and Exchange Commission (SEC) has approved Filinvest Land Inc.’s shelf registration for fixed-rate bonds worth up to P35 billion. In a statement, the SEC said its Commission En Banc “resolved to render effective the registration statement of Filinvest Land covering...
The Land Transportation Office (LTO) is seeking the full takeover of the online platform that was contracted by the national government from a German information technology (IT) company. LTO chief Asst. Sec. Vigor Mendoza II said the government takeover will not only expedite all the...
