AREIT income up by 42% last year
AREIT Inc., the real estate investment trust (REIT) of Ayala Land Inc., said it earned P1.23 billion last year, some 42 percent higher than the previous year’s income of P866 million.
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AREIT Inc., the real estate investment trust (REIT) of Ayala Land Inc., said it earned P1.23 billion last year, some 42 percent higher than the previous year’s income of P866 million.
Cement firm Holcim Philippines Inc. on Tuesday said it has appointed Romanian Horia Adrian as the new president and CEO of the company effective March 1.
JG Summit Holdings Inc., the holding firm of the Gokongwei Group, on Tuesday said it acquired a minority stake in South African digital bank Tyme, as the group forays into the financial technology sector.
The Securities and Exchange Commission (SEC) on Tuesday said it has joined the Global Financial Innovation Network (GFIN) to support the development of the Philippine capital market.
Conglomerate San Miguel Corp. (SMC) on Tuesday said it is spending close to P1 billion for a program to vaccinate all its 70,000 employees and extended workforce for free.
The Securities and Exchange Commission (SEC) has secured its fifth legal victory against illegal lending firms after a Pasay court convicted the incorporators and directors of Naurasidhu55 Lending and Trading Corp. for submitting falsified documents for its registration.
Jose Roberto R. Antonio, son of former US Ambassador Jose E.B. Antonio, has resigned as company director and member of the board of the family’s listed real estate developer Century Properties Group (CPG) Inc.
Villar-led AllDay Supermarket said it will open by the end of the month its first branch in Cebu in keeping with its goal of expanding its brand in the country.
The Securities and Exchange Commission (SEC) will allow corporations and partnerships to file required documents, such as financial statements and other annual reports, via e-mail to limit its face-to-face interaction with the public.
Greenergy Holdings Inc., the listed company led by businessman Antonio L. Tiu, on Thursday said Singapore-based Aleta Planet is eyeing a partnership with the company for the issuance of virtual cards as well as cross-border money remittance services.
The Securities and Exchange Commission (SEC) has approved the initial public offering (IPO) of the real estate investment trust (REIT) mainly sponsored by DoubleDragon Properties Corp.
The Singapore Court of Appeals has denied the petition of firms controlled by billionaire Enrique Razon Jr., who owns Solaire Resort and Casino, related to an agreement they forged with Global Gaming Asset Management Philippines (GGAM).
Cebu Air Inc., the operator of budget airline Cebu Pacific, has set a P38 per entitlement right price for its P12.5-billion convertible preferred shares, which will be sold via rights offering.
The Securities and Exchange Commission (SEC) on Tuesday has warned the public against investing in Jams Mart, Solmax Global Limited, Igniter 100, and BitAccelerate, which the agency said were disguised as cryptocurrency trading and franchising.
Local fast-food giant Jollibee Foods Corp. (JFC) on Tuesday said it signed a deal with the local unit of Japan’s Yoshinoya to establish a joint venture that will operate and expand its store network in the Philippines.
Fast-food giant Jollibee Foods Corp. (JFC) on Monday said it had a restated net loss of P11.49 billion for the entire 2020, a reversal of the P7.3-billion income it posted in 2019.
Shopping mall operator SM Prime Holdings Inc. said its income last year declined by more than half to P18 billion, from P38.1 billion in 2019, as rental earnings fell due to the lockdown measures.
Broker Philstocks Financial Inc. said the benchmark Philippine Stock Exchange index (PSEi) may end the year within 7,150 to 7,750 points if corporate earnings will grow by double digits.
Cebu Air Inc. on Thursday said it has set the price range for its $250-million stock rights offering, which it will conduct early next month.
Gokongwei-led Data Analytics Ventures Inc. (DAVI) said on Thursday that it is forging an alliance with NielsenIQ, a multinational data analytics firm, to tap big data analytics in providing customized and relevant to Robinsons Rewards loyalty members.
Sugar miller Central Azucarera de San Antonio Inc. (CASA) is set to raise some P558.47 million in fresh cash through direct public offering of its primary and secondary shares.
Concepcion Industrial Corp. (CIC), known for its line of refrigerators and air-conditioning units, on Wednesday said its income fell by half last year to P471 million from the previous year’s P947 million.
Shopping mall operator SM Prime Holdings Inc. said it has partnered with nonprofit group Plastic Credit Exchange (PCEx) for an initiative that aims to promote proper plastic waste disposal.
The Yanson Group on Tuesday said it has set aside a P1-million reward for anyone who can provide information on the whereabouts of Roy V. Yanson, the eldest of the four Yanson siblings believed to be hiding overseas.
Alsons Consolidated Resources Inc. said it will sell commercial paper worth some P2 billion to settle its short-term obligations that will mature from this month to April and to partially fund its hydro project.
The Philippine Stock Exchange, Inc. (PSE) said on Monday that the PSE index (PSEi) will see no changes in its composition based on the regular stock performance review for the January to December 2020 period.
Globe Telecom Inc. has installed 39 new cell towers in underserved areas across the country, claiming that these new towers in 23 provinces will “improve the call, SMS and data experience of more than 100,000 current Globe and future customers.”
Food and beverage kiosk operator Fruitas Holdings Inc. on Monday said its community stores will soon sell pan de sal and other bakery items as sales of these products rose during the lockdown.
Regional property developer Cebu Landmasters Inc. (CLI) has maintained its status as the leading residential developer in the Visayas and Mindanao last year among a handful of real-estate firms that offer condominium and subdivision projects the region.
The Securities and Exchange Commission (SEC) is implementing stricter anti-money laundering measures in the stock market by requiring the disclosure of the identity of the beneficial owners of shares.
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