Filinvest Development Corporation (FDC), the flagship of the Gotianun family, posted a 35 percent drop in attributable net income to P2.0 billion in the first quarter of 2021 from P3.0 billion in the same period last year. In a disclosure to the Philippine Stock Exchange, the firm said revenues and...
Filinvest Land, Inc. (FLI) reported a 45 percent fall in attributable net income to P736 million in the first quarter of 2021 from P1.35 billion in the same period last year. In a disclosure to the Philippine Stock Exchange, the firm said its first quarter performance resulted in gross revenues...
Qs or quarantines (with different classifications) have drastically affected the hospitality industry this past year, especially hotels that missed out on events, special holidays, and two summer seasons. But even with the restrictions imposed by government, the hotels in Metro Manila did not...
Gotianun family-led Filinvest Development Corporation (FDC) is allotting P21.2 billion for capital expenditures this year as it aims to continue expanding organically and through partnerships despite uncertainties faced by the economy. During the firm’s annual stockholders’ meeting,...
Filinvest Land, Inc. (FLI), the property arm of Filinvest Development Corporation (FDC), is banking on its P190 billion worth of projects in the pipeline, including new products to be launched, as part of its medium-term strategies. During the firm’s virtual Annual...
Filinvest Development Corporation, the investment arm of the Gotianun group, reported a 29 percent decline in attributable net income to P8.5 billion in 2020 from the P12 billion earned in 2019. In a disclosure to the Philippine Stock Exchange, the firm said consolidated net income...
The fate of the stock market this week is seen to hinge on whether or not the growth of new COVID-19 cases in the country is arrested and if the imposition of strict quarantine measures will be extended further. (Photo credit: https://www.pse.com.ph) “Investors are expected to take cues from our...
Filinvest Land, Inc. (FLI) reported a 41 percent drop in attributable net income to P3.73 billion last year from the P6.28 billion earned in 2019 due to the impact of the pandemic lockdown on its malls and residential businesses. In a disclosure to the Philippine Stock Exchange, FLI said gross...
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...
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...
The Securities and Exchange Commission (SEC) has green-lighted the country’s first crowdfunding platform that will connect small, medium and emerging enterprises with banks and other lenders. A joint venture between Filinvest Development Corporation and Investree Singapore Pte. Ltd., Investree...
Gotianun-owned FDC Misamis Power Corporation, a power investment subsidiary of the Filinvest Corporation, had been hailed as ‘top taxpayer’ in Misamis Oriental, the host province of its 405-megawatt coal-fired power plant in Mindanao grid. The company has been awarded “number one real estate...
