AREIT Inc., the real estate investment trust backed by property giant Ayala Land Inc., posted a 28 percent increase in full-year net income as a series of acquisitions bolstered its portfolio. Based on the firm’s disclosure to the Philippine Stock Exchange, AREIT’s net income, excluding fair...
As an eternal student of the financial markets, the introduction of new financial products and platforms almost always captivates my interest. Currently, I am fascinated by the acronyms IRS and GMRA. No, Virginia, IRS is not the Internal Revenue Service of the US federal government. In this...
Enthusiasm almost always prevails among members of the Management Association of the Philippines (MAP) during their general membership meetings. Last Wednesday was exceptional, though. The event was packed, with no less than Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona conducting the...
D.M. Consunji Inc., the engineering unit of DMCI Holdings Inc., is pivoting its focus toward massive government infrastructure projects to offset slowdown in private-sector construction activity. In an interview, DMCI President Jorge A. Consunji said that the company’s primary target is the...
IT 'S THE SMALL THINGS As a continuation of my tribute to this publication on its 126 year, I reflected on the past nine years that I have had the honor of being a contributor. The Manila Bulletin is a news source for every Filipino. From global current events, to local politics,...
Rizal Commercial Banking Corp. appointed long-time Ayala Group executive Alberto M. de Larrazabal a independent director as it reshuffles its board to bolster its push into digital finance. De Larrazabal, who currently serves as president and chief executive officer of real estate investment trust...
Two lucky bettors hailing from Zamboanga City and Tarlac City will split the over P280-million Ultra Lotto jackpot drawn on Sunday, Jan. 25, the Philippine Charity Sweepstakes Office (PCSO) said. The PCSO said the Ultra Lotto jackpot totaled P284,636,402.80. According to the agency, the bettors...
Tsuneishi Heavy Industries (Cebu) Inc., a joint venture between Japan’s Tsuneishi Shipbuilding Co. Ltd. and the Aboitiz Group, has delivered the world’s first methanol-powered Kamsarmax bulk carrier, a shift toward higher-value manufacturing in the Philippine maritime sector. The vessel, named...
KIDAPAWAN CITY – The local government of M’lang, Cotabato denied reports that Barangay Dungoan in M 'lang served as a safe have for the Bondi Beach shooters in Australia. “This characterization is not only false and misleading, but deeply harmful to our community 's reputation and...
Finance Secretary Frederick D. Go assumed his seat on the Bangko Sentral ng Pilipinas’ (BSP) policy-making Monetary Board on Thursday, Jan. 8. Go, who was designated by President Ferdinand Marcos Jr. as the Cabinet representative to the board, was sworn in by BSP Governor Eli Remolona Jr. at the...
As Christmas greetings made the rounds, so did quieter whispers of an unsettling rumor: that a major mining company shareholder is allegedly being groomed to take the helm of the Department of Environment and Natural Resources (DENR). This raises a troubling scenario: Is current Environment...
Sarmiento-led poultry and feeds producer Vitarich Corp. expects a ₱196-million boost in net income after it finally secured a ₱400-million settlement for its claims for damages incurred during Typhoon Ondoy in 2009. In a disclosure to the Philippine Stock Exchange (PSE), Vitarich said it has...
