Top township developer Megaworld Corp. has raised an additional ₱147.1 million from the latest sale of shares in its real estate investment trust (REIT) unit, MREIT Inc., to increase its public float ahead of its fifth wave of asset-for-share swap. The Andrew Tan-led property firm said it sold...
Megaworld Corporation, the flagship real estate company of tycoon Andrew Tan, has raised a total of ₱5.6 billion from multiple block sales of shares of real estate investment trust unit MREIT Inc. between April and July 2026, in preparation for the fifth wave of asset infusion into MREIT In a...
Megaworld Corp., one of the largest township developers in the country, is optimizing its capital expenditures and pacing new residential launches for the year, adopting a calibrated strategy to maintain agility and resilience amid shifting macroeconomic environment. Kevin L. Tan, Megaworld...
Top township developer Megaworld Corp. generated ₱28 billion in revenue from lot sales in its horizontal residential developments, capitalizing on the wave of domestic demand for gated communities outside traditional high-rise condominiums. In a statement, Megaworld reported that the revenue...
Global markets and local investors are bracing for a volatile week as looming policy decisions from the United States (US) Federal Reserve and the Bangko Sentral ng Pilipinas (BSP) collide with fluid geopolitical developments in the Middle East. Traders are closely tracking whether a definitive...
Tourism remains an important driver of growth for many communities across the Philippines, creating demand not only for attractions and experiences but also for accommodations that can support a growing number of travelers. As destinations continue to evolve, Megaworld Corporation is expanding its...
Top township developer Megaworld Corp. and its subsidiaries reported a 10.4-percent improvement in reservation sales to ₱29.7 billion during the first quarter of 2026 despite the supply glut and other challenges in the Metro Manila condominium market. In a statement on Tuesday, June 2, the firm...
After two strong weeks, the local stock market shifted downward last week and is seen remaining bearish in the coming days due to growing tensions between the United States (US) and Iran. Investors are also expected to take cues from the country’s May inflation data, which will be released on...
The local stock market may trade sideways this week as concerns over rising inflation and interest rates offset hopes for a peace pact between the United States (US) and Iran. “The local market is still expected to deal with lingering uncertainties, which could keep its movement tempered this...
Top township developer Megaworld Corp. plans to expand its hospitality portfolio by opening six new hotels over the next three years, an aggressive buildout that will add nearly 2,000 room keys to its inventory. In a disclosure to the Philippine Stock Exchange, the firm said it is expanding its...
Robinsons Retail Holdings Inc. (RRHI), the multi-format retailer controlled by the Gokongwei family, is seeking to exit the Philippine Stock Exchange (PSE) by July 28, 2026, provided its controlling shareholders can consolidate enough shares to trigger a voluntary delisting. The company has filed a...
Megaworld Corp., the pioneer of the township development model in the country, reported a six percent increase in first-quarter net income as surge in retail spending and recovery in its hotel business offset broader real estate industry headwinds. In a disclosure to the Philippine Stock Exchange,...
