The Court of Tax Appeals (CTA) has stopped the Bureau of Internal Revenue (BIR) from collecting more than P512 million in deficiency taxes from a real estate company after it turned out that the investigation on the case was conducted by unauthorized revenue officers. (Photo from BIR Facebook page)...
The Muntinlupa City government has extended until the end of the month the redemption of real properties it acquired. According to City Ordinance 2021-206, the redemption of real properties the city government acquired and which were included in the public auction sale in 2014, 2015, 2016, and 2017...
SPEAKING OUT Ignacio R. Bunye Speaking before the Regis CEO Roundtable Series last May 18, Fernando Zobel de Ayala (FZA), President and CEO of Ayala Corporation, disclosed that “two of Ayala’s most cyclical businesses – Ayala Land and BPI – are priming themselves for a post-pandemic...
Century Properties Group Inc. reported a 29 percent drop in net income to P205 million for the first quarter of 2021 from P290 million in the same period last year. In a disclosure to the Philippine Stock Exchange, the firm said earnings were supported by the continued strong performance of its...
LT Group, Inc., the investment holding company of taipan Lucio Tan, reported a 4.5 percent improvement in attributable net income to P6.49 billion in the first quarter of 2021 from the P6.21 billion earned in the same period last year. In a disclosure to the Philippine Stock Exchange,...
Eton Properties Philippines Inc. is looking to meet rising demand for small office space which is on the rise due to the unique situation arising from the pandemic. “While demand for office spaces took a dip last year because of the pandemic, the latest trends suggest a rising demand on a...
The pandemic has an unprecedented impact in the lives and livelihood of each of us, drastically changing the way we live, study or work, and rest. With the wider acceptance of work-from-home setup or “telecommuting,” and online learning for students, the allure of countryside living becomes a...
Century Properties Group announced the election of Aileen Christel U. Ongkauko as an Independent Director of the company effective April 7, 2021. Ongkauko is concurrently the Group President and Chief Executive Officer of La Filipina Uy Gongco Corporation & Subsidiaries, a...
DDMP REIT Inc., the real estate investment trust subsidiary of DoubleDragon Properties Corporation, successfully listed its shares at the Philippine Stock Exchange but its performance was not as hot as many anticipated. The firm’s shares closed flat at its initial...
DoubleDragon Properties Corporation has moved at the last minute the listing of the initial public offering shares of its subsidiary DDMP REIT Inc. to March 24, 2021 from the original schedule of March 23. In a disclosure posted by the Philippine Stock Exchange in its website at past 7...
Phinma Properties has created an established reputation in building inspiring homes for more than three decades. Even with its solid accomplishments, it continues to improve its offerings. Last March 12, 2021, the company reached another milestone with the launch of its new mid-rise project called...
