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ABS-CBN News Posted at Feb 08 2017 03:32 PM Updated as of Feb 08 2017 08:16 PM http://news.abs-cbn.com/business/02/08/17/temporary-lrt-mrt-station-proposed MANILA (UPDATE) – The operator of Light Rail Transit (LRT) Line 1 on Wednesday said it is open to constructing a temporary station that will link two of the capital’s train lines. The temporary structure will cost […]
By: DORIS DUMLAO-ABADILLA Philippine Daily Inquirer 12:18 AM February 09, 2017 https://business.inquirer.net/224252/megaworld-sets-p60-b-capital-outlay-plan-2017 Tycoon Andrew Tan-led property developer Megaworld Corp. has earmarked P60 billion for group-wide capital outlay this year, mostly to fast-track township developments across the country. This is P5 billion higher than the amount spent by the company last year. In a statement, Megaworld said […]
By Iris Gonzales (The Philippine Star) Updated February 9, 2017 – 12:00am http://www.philstar.com/business/2017/02/09/1670303/8990-eyes-p5.4-b-profit MANILA, Philippines – Listed mass housing developer 8990 Holdings Inc. is eyeing a net income of P5.4 billion this year, up from P3.81 billion in 2016. In a briefing yesterday, 8990 president and CEO Januario Jesus Atencio said net earnings are expected […]
By Iris Gonzales (The Philippine Star) Updated February 9, 2017 – 12:00am http://www.philstar.com/business/2017/02/09/1670302/megaworld-allots-p60-b-capex-year MANILA, Philippines – Megaworld Corp. has earmarked P60 billion for its capital expenditures this year, bulk of which will be used to expand its townships across the country. The P60 billion budget includes the capex for its subsidiary brands Empire East Holdings […]
By Iris Gonzales (The Philippine Star) Updated February 9, 2017 – 12:00am http://www.philstar.com/business/2017/02/09/1670304/antonio-family-sells-10-stake-century-properties-partners MANILA, Philippines – The Antonio family has sold 10.2 percent of its stake in Century Properties Group to the Cuerva Group, its long –time partner. In a disclosure to the Philippine Stock Exchange yesterday, CPG said the Antonio family sold 1.94 billion […]
ABS-CBN News Posted at Feb 08 2017 04:02 PM http://news.abs-cbn.com/business/02/08/17/philippines-faces-land-governance-crisis-says-dominguez MANILA – The country is facing a land governance crisis that should be addressed by overhauling policies, Finance Secretary Carlos Dominguez III said Wednesday. Government should upgrade land governance policies to prevent other areas from suffering the same “urban nightmare” in Metro Manila, Dominguez said. […]
Published February 8, 2017, 10:00 PM By Madelaine B. Miraflor http://business.mb.com.ph/2017/02/08/government-studying-reit-amendments/ The government is still studying carefully the possible amendments to Real Estate Investment Trust (REIT) law — whether it will implement the kind of adjustments that the companies are soliciting in order for them to participate in the scheme — to avoid possible abuse […]
By: BEN O. DE VERA Philippine Daily Inquirer 12:22 AM February 08, 2017 https://business.inquirer.net/224194/january-inflation-hits-highest-two-years Inflation in January rose to its fastest pace in more than two years on the back of higher prices of oil and so-called “sin” products at the start of the year, the government reported Tuesday. The latest Philippine Statistics Authority data showed […]
ABS-CBN News Posted at Feb 07 2017 07:53 PM http://news.abs-cbn.com/business/02/07/17/forex-reserves-rise-to-81-b-in-january-bsp MANILA – The country’s foreign exchange reserves rose to $81.044 billion in January from $80.691 billion in December, the Bangko Sentral ng Pilipinas (BSP) said Tuesday. The increase in foreign exchange reserves was mainly due to inflows arising from net foreign currency deposits by the […]
By Mary Grace Padin (The Philippine Star) Updated February 8, 2017 – 12:00am http://www.philstar.com/business/2017/02/08/1669999/treasury-makes-full-award-p15-b-reissued-t-bonds MANILA, Philippines – The Bureau of Treasury (BTr) yesterday made a full award of reissued Treasury bonds with remaining life of two years and 11 months amid strong participation from the market. The reissued papers fetched an average rate of 3.492 […]
