SM Prime Holdings Inc., one of the largest integrated developers in Southeast Asia, reported that its Board of Directors has approved the declaration of cash dividends amounting to P10 billion. In a disclosure to the Philippine Stock Exchange (PSE), the firm said the dividend is equivalent to...
The Sy family-controlled SM Prime Holdings Inc., one of the leading integrated property developers in Southeast Asia, is not likely to push through with the $1 billion initial public offering (IPO) of its real estate investment trust this year due to adverse market conditions. SM Prime President...
On the third week of April, the United Architects of the Philippines (UAP) made new stories again by hosting its 49th UAP NATCON and CONEX 2024 at the SMX Convention Center in Manila. This year's CONEX theme, "Organizing Outstanding Opportunities," reflects UAP's commitment to providing architects...
The Philippine subsidiary of Japanese electronic giant Murata Inc. has renewed its power supply agreement (PSA) with Lopez-led First Gen Corporation for the provision of electricity services at its manufacturing facility in Batangas. First Gen emphasized that the supply to be delivered to...
Century Properties Group Inc. (CPG) reported that its strong credit rating of “AA+” has been reaffirmed by Credit Rating and Investors Services Philippines Inc. (CRISP) due to its sustained market position and continued revenue growth. In a statement, CPG said the rating agency stated that...
Grand opening of first Nitori shop in the Philippines was graced by Japanese and Filipino dignitaries, and Federal Land executives and partners. In photo are (from left to right) Yusuke Hirano, executive officer of Overseas Business Department of Nomura Real Estate Development Co., Ltd.; Thomas F....
The officers and shareholders of MFT Group of Companies and The Foundry Ventures issued a statement reiterating their position that “we never engaged in securities transactions in violation of the Revised Securities Act.” They noted that the Securities and Exchange Commission has filed a...
Accounting firm Isla Lipana & Co. issued a statement pointing out that it is the auditor of Maria Francesca Tan (MFT) Group of Companies, Inc. only, and not any other companies under the group. “‘Maria Francesca Tan (MFT) Group of Companies, Inc.’ is our audit client. While the name of...
Federal Land Inc., the property development arm of the Ty family’s GT Capital Holdings Inc., is launching the low-density Hartwood Village which will be developed on a prime piece of property in its 48-hectare Meadowcrest township in Biñan, Laguna. Federal Land Chairman and CEO Alfred V....
Filinvest Land Inc. (FLI), the Gotianun Group’s publicly-listed property developer, is planning to launch this year residential projects worth P25 billion — mainly mid-rise buildings and affordable housing units. During the firm’s annual stockholders’ meeting, FLI President Tristan Las...
Businessman Eusebio Tangco’s STI Education Systems Holdings, owner of the largest network of private schools in the country, has signed a memorandum of agreement (MOA) with the Philippine School of Business Administration (PSBA) and CPA Review School of the Philippines (CPAR) to revolutionize...
Ayala Triangle Gardens (Photo courtesy of Ayala) During the summer season, people typically gravitate toward beach getaways, island explorations, and water activities in far-flung areas. However, for those in search of city-based summer festivals, Ayala Triangle Gardens (ATG) emerges as the...
