AREIT Inc., pioneering real estate investment trust sponsored by Ayala Land Inc., is planning to raise P3 billion from the issuance of fixed-rate bonds as the initial tranche of its proposed Debt Securities Program of up to P15.0 billion. The firm intends to use the net proceeds from the bond...
For those who want to help, there is always a way While art is a medium that expresses beauty and change, it can also be a tool to help others in their time of need. And since the onset of the pandemic, where Filipinos faced great challenges, from employment layoffs and food scarcity to typhoons,...
media Smart Communications, Inc. (Smart) and Korea's largest telecommunications company, KT Corp., have signed a Memorandum of Understanding (MoU) to explore and develop consumer 5G use cases for Filipinos. "In order to build a truly world-class 5G ecosystem with life-changing experiences, we need...
The various residential brands under the Villar Group of developers presents an opportunity for those who are looking for alternative or even main source of income as the local economy continues to reel under the impact of the pandemic. Villar Group Chairman Manuel B. Villar Jr., the country’s...
Synergy Grid & Development Philippines, Inc. has lowered its follow-on offering size by 32 percent to a maximum of P19.57 billion from the earlier ceiling of P28.86 billion. Based on the firm’s disclosure to the Philippine Stock Exchange, the firm said it has reduced its FOO price range to...
Philippine Association of Feed Millers Inc. (PAFMI) sees importation as a band aid solution or the “the best route to take” at the moment as Severe Tropical Storm Maring destroyed a significant amount of corn output. Otherwise, consumers will have to deal with an increase in the price of animal...
Maynilad Water Services Inc. has announced a four-day water interruption next week affecting 2.9 million people in its west zone concession area. The water interruption will pave the way for the company's massive pipeline replacement as part of the flood control project of the Department of Public...
There will be no water shortage in the next summer on the back of short-term to medium-term security efforts of the government and its concessionaires, new Metropolitan Waterworks and Sewerage System (MWSS) Administrator Leonor Cleofas assured. In a phone interview, Cleofas said there will be no...
Online purchases and orders via phone calls/SMS of senior citizens (SC) and persons with disabilities (PWDs) must be granted the mandatory discounts as provided under the law, according to two joint memorandum circulars (JMC) prepared by government agencies led by the Department of Trade and...
MREIT, Inc., the real estate investment trust of the country’s largest office landlord Megaworld Corp., is set to declare a cash dividend of at least P0.24 per share this month after posting higher revenues in the third quarter of the year. In a statement, MREIT said its revenues improved six...
Philippine business and labor groups have passed a joint resolution calling on the Duterte administration to act on 11 recommendations, including addressing corruption and passage of Bayanihan 3, to ensure safe reopening of the domestic economy and protect lives. The 10 groups under the Leaders’...
Corn farmers recorded a staggering revenue loss of about P10 billion due low farm-gate prices, prompting the filing of a House Resolution seeking to junk the Department of Agriculture’s (DA) proposal to temporarily lower import tariff on the main staple. 38728 In a statement, a group of corn...
