Alliance Global Group Inc. (AGI), the conglomerate led by tycoon Dr. Andrew L. Tan, reported a robust 24-percent year-on-year growth in net income in the first nine months of 2025 to ₱24.8 billion, boosted by a one-time gain and strength of its core businesses. In a disclosure to the Philippine...
Top township developer Megaworld Corp. is reinvesting ₱3.4 billion from the recent sale of MREIT Inc. shares to expand the offerings of its three township developments in Bacolod, Mactan, and Palawan. In a disclosure to the Philippine Stock Exchange (PSE), the firm said portions of the share...
MREIT, Inc. (MREIT), the real estate investment trust of Megaworld Corp., reiterated its plan to acquire mall and retail assets from its sponsor as part of its plan to double its portfolio to one million square meters of gross leasable area (GLA) by 2027. The firm disclosed to the Philippine Stock...
Alliance Global Group Inc. (AGI), the conglomerate led by tycoon Dr. Andrew L. Tan, reported a 39-percent jump in net income to ₱19.2 billion in the first half of the year, driven largely by the increasing contribution from its real estate business and tourism-related segments, on the back of...
MREIT Inc., the real estate investment trust (REIT) of top township developer Megaworld Corp., is raising its authorized capital stock by 60 percent to ₱8 billion from ₱5 billion so it can issue more shares for the acquisition of fresh assets. In a disclosure to the Philippine Stock Exchange...
Megaworld Hotels & Resorts, a unit of township developer Megaworld Corp. and the country’s largest hotel developer, is opening seven new hotels to grow its nationwide portfolio by 50 percent to 9,000 hotel room keys by 2030. In a disclosure to the Philippine Stock Exchange, Megaworld said these...
Top township developer Megaworld Corp. is preparing for another infusion of assets into MREIT Inc. later this year by unloading ₱1.17-billion worth of the real estate investment trust’s (REIT) shares. In a disclosure to the Philippine Stock Exchange (PSE), Megaworld said it sold 84.8 million...
Three years ago, President Ferdinand Marcos Jr. took the helm of the country as the world continued to grapple with the Covid-19 pandemic and economies, including the Philippines, strove for recovery after crippling lockdowns. Governments worldwide faced the delicate task of balancing public health...
Township developer Megaworld Corporation is venturing into the ultra-high-end real estate market in recognition of the growing opportunities in this segment, which continues to enjoy brisk sales and resilience even during challenging times. During the firm’s annual stockholders’ meeting,...
Alliance Global Group Inc. (AGI), the investment holding company of tycoon Andrew Tan, is expanding its leisure and hospitality businesses under During the firm’s annual stockholders’ meeting, AGI Chairman Tan said that, “leveraging AGI 's unrivaled land bank, we are building even more...
Gatchalian-led hotel and resort firm Waterfront Philippines Inc. reported a ₱1.76 billion gain from the sale of 57.5 hectares of land in Ilocos Norte to township developer Megaworld Corporation in a deal valued at ₱2.06 billion. In a disclosure to the Philippine Stock Exchange, Waterfront said...
Alliance Global Group, Inc. (AGI), the holding company of tycoon Dr. Andrew L. Tan, has deconsolidated McDonald’s Philippines franchisee Golden Arches Development Corp (GADC) from its financial statements to generate a one-time gain of ₱3.4 billion from the remeasurement of the investment’s...
