MREIT declares P614-M Q4 cash dividend By JAMES A. LOYOLA MREIT, Inc., the real estate investment trust company of Megaworld Corporation, declared a P614.28-million cash dividend equivalent to P0.2428 per share to its shareholders based on its distributable income in the fourth quarter of 2022. In...
MREIT Inc., the real estate investment trust sponsored by Megaworld Corporation, is looking to grow its portfolio to 500,000 square meters in gross leasable are (GLA) by the end of 2024 by acquiring various assets from its sponsor as well as other developers. In a disclosure to the Philippine Stock...
The local stock market is seen to continue consolidating at current levels although sentiment appears to be more bullish with the PSEi rising 1.55 percent in the first trading week of the new year. “The market has been able to maintain its position above the 6,600 level (a previous resistance)...
After a healthy start this year, stocks dropped on Friday, Jan. 6, as investors took profits at the local stock market after US bourses dropped due to renewed concern over interest rate hikes. The main index fell 93.36 points or 1.38 percent to close at 6,667.97 with the Industrial counter leading...
Philippine Health Insurance Corporation (PhilHealth) (MANILA BULLETIN) The Philippine Health Insurance Corporation (PhilHealth) said that its current financial standing is still in a "strong" position. "We also reiterate that PhilHealth’s financial standing remains strong," the state health...
The local stock market continued to trek higher after the announcement of a favorable inflation rate for December. The main index rose 42.83 points or 0.64 percent to close at 6,761.33 as Banks led the advance while the Services and Mining counters declined. Volume improved slightly to 1.85 billion...
Infrastructure builder Vivant Corporation reported that its subsidiary is investing an initial P283 million to acquire a project company that will own and operate a solar power plant facility in Bulacan. In a disclosure to the Philippine Stock Exchange, the firm said it was given notice by...
Food and beverage producer RFM Corporation is expecting an 18.5 percent dip in net income to P1.06 billion last year from P1.3 billion in 2021 despite an estimated 15 percent growth in sales to P19 billion in 2022. In a disclosure to the Philippine Stock Exchange, RFM Chief Executive Jose Ma. A....
Philippine Health Insurance Corporation (PhilHealth) (MANILA BULLETIN) The Philippine Health Insurance Corporation (PhilHealth) said that the current benefits for its members won't be affected by the suspension of the scheduled increase of its contribution rate this year. "Despite the suspension ay...
Local share prices surged to the 6,700 level on the second day, Jan. 4, of trading in 2023 as more investors returned to the market from the holidays. The main index jumped 132.49 points or 2.01 percent to close at 6,718.59 as the Mining and Services sectors led the rally across the board. Volume...
San Miguel Corporation (SMC), together with Rural Rising Ph (RuRi), has so far rescued over 1.7 million kilograms of fruits and vegetables from farmers struggling to sell their harvests since the pandemic started in 2020. In a statement, SMC said its partnership with RuRi has helped boost incomes...
A teachers’ group on Tuesday, Jan. 3, backed the administration’s decision to suspend the scheduled Philippine Health Insurance Corporation (PhilHealth) premium contribution increase for the calendar year 2023. (Noel Pabalate / Manila Bulletin) A memorandum released by the Office of the...
