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By: Doris Dumlao-Abadilla Philippine Daily Inquirer 11:02 AM March 20, 2017 http://business.inquirer.net/226478/sms-purchase-61-2-mytown-dorms-okd The country’s leading conglomerate SM Investments Corp. has obtained approval from the Philippine Competition Commission (PCC) to acquire a 61.2 percent stake in Philippines Urban Living Solutions Inc. (PULS), the company that operates a growing chain of dormitory buildings under the “MyTown” brand. […]
By Keith Richard D. Mariano Posted on March 21, 2017 http://www.bworldonline.com/content.php?section=Corporate&title=Filinvest-Land-net-income-hits-P5.3B-on-higher-rental-revenues&id=142484 FILINVEST LAND, Inc. earned a record P5.35 billion last year, as leasable properties contributed more revenues while residential developments progress. In a statement issued on Monday, the listed property developer said its net income attributable to the parent increased 7% from the P5.01 billion booked […]
By: Doris Dumlao-Abadilla Philippine Daily Inquirer 11:17 AM March 20, 2017 http://business.inquirer.net/226482/dmci-sets-p57b-capital-outlays Diversified engineering conglomerate DMCI Holdings Inc. has committed P56.98 billion in capital outlays this year, bulk of which will go to property development and coal mining businesses. This year, the Consunji family-led DMCI expects to perform “a little bit better” after a flat […]
KL investors to pattern development of ‘green city’ after Putrajaya federal administrative capital By: Ben O. de Vera Philippine Daily Inquirer 12:15 AM March 21, 2017 http://business.inquirer.net/226519/malaysia-offers-help-develop-clark Besides the Chinese, Japanese and South Koreans, Malaysian investors are also bullish about prospects in the Philippines, offering to help develop the sprawling Clark Green City, the country’s […]
By Catherine Talavera (The Philippine Star) Updated March 21, 2017 – 12:00am http://www.philstar.com/business/2017/03/21/1682985/roxaco-vanguard-lines-5-go-hotels MANILA, Philippines – The joint venture of Roxaco Land Corp. and Singapore-based Vanguard Hotels Select (Phil) Pte. Ltd. will have five operating Go Hotels before the end of May, a company official said. In a recent interview, Roxaco Land president and CEO […]
By: Tessa Prieto-Valdes Philippine Daily Inquirer 01:25 AM March 18, 2017 http://business.inquirer.net/226357/construction-expo-raises-bar-anew WORLDBEX 2017 is gearing for its boldest installment. From 156 booths in PICC during its inception in 1996 to this year’s 1,000 booths from 16 countries occupying 60,000 sqm of exhibition space, the expo is setting the bar high once again for the […]
By Czeriza Valencia (The Philippine Star) Updated March 20, 2017 – 12:00am http://www.philstar.com/business/2017/03/20/1682715/phl-should-take-advantage-asean-chairmanship MANILA, Philippines – The Asian Development Bank (ADB) has urged the Philippines to take advantage of its position as chair of the ASEAN Summit this year to rally support in the subregion for the China-led Regional Comprehensive Economic Partnership (RCEP). During a […]
By Janine Marie D. Soliman Posted on March 20, 2017 http://www.bworldonline.com/content.php?section=Finance&title=Treasury-bonds-to-fetch-higher-yields-on-Fed-rate-hike-decision&id=142400 TREASURY BONDS (T-bonds) on offer tomorrow will likely fetch higher yields as market players tweak their positions after the US Federal Reserve hiked interest rates anew last week. The government plans to raise as much as P15 billion in tomorrow’s auction of reissued five-year […]
By: DORIS DUMLAO-ABADILLA Philippine Daily Inquirer 12:10 AM March 20, 2017 http://business.inquirer.net/226450/market-seen-stay-firm Local stocks are seen continuing to firm up this week on improving investor appetite as the US Federal Reserve’s latest statement allayed fears of a fast-paced monetary tightening. The Philippine Stock Exchange index surged by 2.78 percent last week to end at 7,345.02 on […]
By Zinnia dela Peña (The Philippine Star) Updated March 19, 2017 – 12:00am http://www.philstar.com/business/2017/03/19/1682382/smcs-p10-b-bonds-get-top-credit-rating MANILA, Philippines – San Miguel Corp.’s proposed P10 billion fixed-rate bond issuance was assigned a credit rating of PRS Aaa, with a stable outlook, by the Philippine Rating Services Corp. Proceeds from the bond issue will be used to partially pay […]
