While focusing on clearing its ready-for-occupancy units in Metro Manila, township developer Megaworld is set to aggressively launch new residential projects i the provinces later this year to take advantage of growing demand."Most of our new inventory is dated for release in the second half of...
MREIT, Inc., the real estate investment trust of pioneering township developer Megaworld Corporation, announced the appointment of Kevin L. Tan as the company's new Chairman of the Board effective June 1, 2025.Tan served as MREIT's President and CEO since the launch of Megaworld's REIT company...
Recently-acquired assets and higher rent boosted the earnings of MREIT, Inc., the real estate investment trust of township developer Megaworld Corporation, by 25.6 percent to ₱932 million in the first quarter of 2025 from the ₱742 million earned in the same period last year.The firm said in a...
Tycoon Andrew Tan's township developer Megaworld Corporation reported a 16 percent growth in net income to ₱5.83 billion in the first quarter of the year as its growing focus on the provinces helped the performance of all of its core businesses.In a disclosure to the Philippine Stock Exchange,...
Alliance Global Group Inc. (AGI), the investment holding company of tycoon Dr. Andrew Tan, is cutting capital expenditures (capex) for 2025 following a decline in earnings in 2024.In a disclosure to the Philippine Stock Exchange (PSE), the firm said it is allotting ₱63 billion for capex this year,...
MREIT, Inc. Chief Operating Officer Arnie Batac, Megaworld Corporation President Lourdes Gutierrez-Alfonso, JLL Managing Director for Thailand, Vietnam, Indonesia, and the Philippines Michael Glancy, and JLL Country Head of the Philippines Joey Radovan were in attendance at the signing ceremony, all...
Leading the partnership signing are (from left) Arnie Batac, chief operating officer, MREIT Inc.; Lourdes Gutierrez-Alfonso, president, Megaworld Corp.; Joey Radovan, country head, JLL Philippines; and Michael Glancy, JLL managing director for Thailand, Vietnam, Indonesia, and the...
Did you know that there are five major festivals celebrated in Bacolod City? Of course, there is the grand MassKara Festival in October, which lures many people to the city with colorful parades and street performances. Completing the list are the Bacolaodiat Festival (Chinese New Year), Bacolod...
Andrew Tan-led township developer Megaworld Corp. is investing ₱30 billion over the next five years to further ramp up its office portfolio by building new office buildings.In a disclosure to the Philippine Stock Exchange, the firm said part of the five-year budget will also be used to...
MREIT, Inc., the real estate investment trust of township developer Megaworld Corporation, reported a 12 percent improvement in distributable income to P3.2 billion for full-year 2024. In a disclosure to the Philippine Stock Exhcange, the firm said this growth was primarily driven by the...
Andrew Tan-led Megaworld Corporation, the country's pioneer in township developments, reported a 12 percent year-on-year improvement in net income to a new record high of ₱21.7 billion as all its business segments saw strong growth last year.The firm disclosed to the Philippine Stock Exchange...
Ayala Corporation and San Miguel Corporation led 29 Philippine conglomerates and businesses that made it to Time magazine and Statista's inaugural 500 Best Companies in Asia-Pacific for 2025.The ranking of 500 of the Asia-Pacific's best companies by Time and Statista is based on a formula of...
