Dennis A. Uy’s Udenna Land has sold an office complex in Clark Global City, Pampanga as the businessman tries to raise more funds to pay for liabilities of his highly-leveraged conglomerate. In a statement, Aeropark Development Philippines, Inc. (ADPI), a special purpose entity owned by funds...
Ayala Land Inc. (ALI) reported a 14 percent improvement in net income to P3.2 billion in the first quarter of 2022 from P2.78 billion in the same period last year, supported by continuing cost-efficiency measures amidst the pandemic. In a disclosure to the Philippine Stock Exchange, the firm said...
Robinsons Land Corporation, one of the country’s leading developers, is allotting P25.5 billion for capital expenditures this year, about the same amount it spent in 2021, as it gears up for a recovery in the economy. During the firm’s annual stockholders’ meeting, RLC President and CEO...
Real estate giant Ayala Land Inc. is planning to raise up to P33 billion from a planned bond issuance of P22 billion with an oversubscription option of up to P11.0 billion. The proceeds of the proposed bond offering will be used by the firm for refinancing and to fund general corporate...
Robinsons Land Corporation (RLC), a leading diversified real estate company in the Philippines, reported a net income of P1.74 billion for the first quarter of 2022 from P2.9 billion in the same period last year. The firm’s net income in the first quarter of 2021 was boosted by the recognition of...
Ayala Land, Inc. subsidiary AyalaLand Logistics Holdings Corp. (ALLHC) and FLOW Holdings I Philippines Pte. Ltd., the vehicle of FLOW Digital Infrastructure, have signed a framework agreement to develop carrier-neutral data centers across the Philippines. In a disclosure to the Philippine Stock...
AREIT, Inc. (AREIT), the first Philippine real estate investment trust, reported a 59 percent jump in net income to P796 million in the first quarter of 2022, excluding fair value change in investment properties. In a disclosure to the Philippine Stock Exchange, the firm said profit growth was...
The National Commission on Indigenous People (NCIP) issued a Cease and Desist Order (CDO) to Kianteg Development Corporation (KDC) for illegally occupying a portion of Kianteg-Pulangiyon Ancestral Domain (AD) at Barangay Butong and Barangay San Jose, Municipality of Quezon, Province of Bukidnon....
Vista Land and Lifescape’s Camella, the most trusted and preferred housing brand in the Philippines, is simultaneously launching 10 horizontal and vertical housing developments in Metro Manila and across the regions. According to Vista Land Chief Operating Officer Jerylle Luz C. Quismundo, the...
Filinvest Land Inc. is planning to raise up to P11.9 billion from its proposed P8.0 billion bond issuance, with an oversubscription option of up to P3.9 billion. In a statement, Philippine Rating Services Corporation (PhilRatings) said it has assigned its highest Issue Credit Rating of PRS Aaa to...
Imagine a property tucked away amidst manicured gardens, with luxurious amenities and an iconic view of an all-weather, 27-hole championship golf course in a picture-perfect setting. Imagine having a quick nature escape from the fast-paced, busy, and stressful life in the city. Imagine private...
Senatorial candidate Jose Manuel ‘Chel’ Diokno on Thursday, April 28, called out the government for the ongoing delay in the rehabilitation of Marawi City and in the settlement of land titles of displaced residents. Human rights lawyer Chel Diokno (FACEBOOK / FILE PHOTO / MANILA BULLETIN)...
