In the last year or so, there has been a new breed of real estate companies cropping up on the Philippine Stock Exchange (PSE). Real Estate Investment Trusts or REITs, are companies that invest in income-generating properties and distribute their earnings back to shareholders in the form of...
The Department of Finance (DOF) said the Philippines needs the passage of key economic reform measures to bring in more capital and spur job creation in the medium- to long-term. Finance Undersecretary Gil S. Beltran said Friday, Oct. 15, that Congress should pass the amendments to the Foreign...
President Duterte’s chief economic manager suggested that the next administration should continue in subsidizing people’s subsequent booster doses of the coronavirus vaccine to ensure the country’s economic recovery. With more COVID-19 booster shots on the horizon, Finance Secretary Carlos G....
The Sun Life Investment Management and Trust Corp. (SLIMTC) has appointed global financial giant Citi as its middle office service provider in the Philippines. In a statement, Mike Enriquez, SLIMTC president said the mandate made Citi the first bank in the country to onboard a middle office client,...
The fund management firm of the Manufacturers Life Insurance Co. (Philippines) unveiled a unit investment trust fund (UITF) that seeks to preserve capital and generate income by investing in fixed income securities and deposits. In a statement, Manulife Investment Management Philippines (Manulife...
Major business groups in the country believe there is a need to restrict the activities of unvaccinated persons for the common good. “We do believe that the state and the private sector should be able to restrict the activities of unvaccinated persons for the common good,” said the 12 big...
The public listing of the Philippines’ fourth real estate investment trust (REIT) company amid the lingering pandemic confirms investor optimism in the country’s solid recovery, the government’s chief economic manager said. At the listing ceremonies in the Philippine Stock Exchange (PSE) on...
The prime location of MREIT buildings make it attractive to tenants as these are surrounded by various township components, like parks and residential developments. With four real estate investment trusts (REITs) already listed at the Philippine Stock Exchange, catching the interest of...
Editorial After waiting years for the right regulations to be put in place, the country’s top property developers were finally ready to launch their real estate investment trust offerings only to have the party crashed by COVID-19 which ignited so much volatility in the local stock market....
Approved foreign investment pledges increased by nearly half in the second-quarter of the year, the Philippine Statistics Authority (PSA) reported Thursday, Sept. 9. psa-logo Based on the PSA data, total foreign investments in the country reached P22.5 billion in April to June 2021, an increase of...
Senator Richard Gordon on Sunday, Sept. 4 urged lawmakers to expedite the passage of the bill that would encourage the entry of more investments in Central Luzon. Gordon is referring to Senate Bill No. 1549 or the Regional Investment and Infrastructure Coordinating Hub (RICH) of Central Luzon which...
Some 28 business and professional organizations in the country have expressed strong support as they called to uphold the independence of the Commission on Audit, which has uncovered “deficiencies” in its audit on the way government funds were being appropriated by government agencies. “We,...
