GLOBAL FINANCIAL

BUSINESS

RSS Inquirer Business
  • Pickup in Feb inflation seen, but still within target March 5, 2024
    MANILA, Philippines  — Inflation likely quickened in February on the back of more expensive food items and utility costs, although the price growth last month likely stayed within target. An Inquirer poll of six economists yielded a mean inflation forecast of 3.1 percent which, if realized, would be faster than the 2.8 percent recorded in
  • SEC welcomes Guevara March 5, 2024
    MANILA,  Philippines  — After more than a decade, lawyer Hubert Dominic Guevara is returning to the Securities and Exchange Commission (SEC) as one of four commissioners at the helm of the corporate watchdog. The SEC welcomed the return of Guevara, whose last post at the SEC was director of compliance and enforcement department, which is
  • Unforeseen windfall? Mistake in bank credit March 5, 2024
    You may have heard of news reports where a bank mistakenly credits a depositor’s account with a large sum of money, making them unexpectedly “wealthy.” In some cases, these depositors, overwhelmed with excitement, may hastily spend the funds, only to later receive notification from their bank that the money was erroneously credited, and must now
  • Airline passenger volume soared by 55% in 2023 March 5, 2024
    MANILA, Philippines  — More airline passengers boarded commercial flights last year, signaling a steady recovery for the aviation sector, but volume has yet to reach prepandemic levels, according to data from the Civil Aeronautics Board (CAB). The regulator reported that passenger volume for both domestic and international flights reached 50.18 million last year, soaring by
  • BIZ BUZZ: Remembering Bong March 5, 2024
    Philippine Airlines (PAL) has honored Lucio “Bong” Tan Jr., former president and chief operating officer of its parent company, by naming its new headquarters on Andrews Avenue, Pasay, after him. Tan Jr. died in November 2019 just a few weeks after taking the helm at PAL Holdings Inc. He also held key positions in other
  • $3.3-B LNG powerhouse starts equity revamp March 5, 2024
    MANILA, Philippines  —The subsidiaries of distributor Manila Electric Co. (Meralco) and Aboitiz Power Corp. have agreed to form a joint venture meant to move the country’s liquefied natural gas (LNG) market forward. In separate disclosures to the Philippine Stock Exchange on Monday, the companies said Meralco PowerGen Corp. (MGen) would take a 60-percent stake in
  • Manila Water inks $110-M debt refinancing deal March 5, 2024
    MANILA, Philippines — A subsidiary of utility firm Manila Water Co. Inc. has obtained a $110-million loan from two international banks to refinance its existing debt. In a stock exchange filing on Monday, Manila Water said the three-year term loan facility of Manila Water Asia Pacific Pte. Ltd. (MWAP) had been sealed with Mizuho Bank
  • PSEi flirts with 7,000 in intraday trade March 5, 2024
    MANILA, Philippines  — The local benchmark index continued to flirt with the 7,000 level as bullish momentum was sustained ahead of the release of local inflation data. The Philippine Stock Exchange Index (PSEi) breached the 7,000 level intraday on Monday before closing at 6,951.67, a gain of 0.46 percent or 32.08 points. This is the
  • When tycoons invest in schools March 5, 2024
    The 61-year old Philippine School of Business Administration (PSBA) will soon join the ranks of other private schools in the country that are controlled or managed by local business tycoons. STI Education Systems Holdings, Inc., a listed company owned by businessman Eusebio Tanco, who has extensive interests in leisure, securities, ports and education businesses, had
  • Central banks on brink of victory in inflation fight – BIS March 4, 2024
    LONDON  – Central banks are on the brink of victory in the fight to bring the global surge in inflation back under control, the Bank for International Settlements said on Monday. There was cause for “cautious optimism”, according to the latest quarterly report from the BIS, which is often dubbed the central bankers’ central bank

REAL ESTATE

RSS Inquirer | Real Estate
  • Megaworld bags best developer, sustainability, and innovation recognitions from World Business Outlook July 3, 2023
    Property giant Megaworld further cements its status as a leading Filipino real estate developer as it brings home the most coveted ‘Best Real Estate Development Company in the Philippines,” as well as the country’s ‘Most Innovative’ and ‘Most Sustainable Real Estate Development Company’ from the World Business Outlook Awards 2023. Continuing its streak of major
  • The essentials of sustainable real estate March 25, 2023
    It is vital to understand the numerous aspects that contribute to sustainable real estate development, as well as the lessons acquired from the recent pandemic. Let’s look at the principles of sustainability, the key characteristics of sustainable projects, and the significance of operation and maintenance policies in lowering carbon footprint and promoting a better lifestyle
  • RL Commercial REIT profit jumps 162% February 10, 2023
    RL Commercial REIT Inc. (RCR), the real estate investment trust (REIT) arm of Gokongwei-led Robinsons Land Corp., saw profits surge by 162 percent last year as its asset portfolio grew. In a statement, the company said unaudited net income last year reached P4.4 billion compared to P1.68 billion recorded in 2021. The REIT firm’s asset
  • Why real estate, REITs make for a good investment July 26, 2022
    It’s not enough for us to simply scrimp on expenses, especially when the prices of the goods and commodities we buy continue to increase. It’s not enough for us to save. We stretch the muscles of our money. Make them work. Make them grow and make more money. It’s not enough to just invest. It
  • COVID-19 and the Philippine office space market July 8, 2022
    The Philippine office space industry is currently in a recovery phase which makes it a “tenant-market” in terms of rent prices. However, as the recession suffered by the industry is not market-driven but an external, artificial shock, the recovery is expected to be faster and the long-term occupancy average of 95 percent might be breached
  • Tailing the black swan July 8, 2022
    As the economy further opened, the first half of 2022 looked much better than a year ago. Coupled with seasonal growth fueled by election-related spending, the pent-up and revenge spending helped lift the national economy and increase the level of activities in the real estate market. After hitting the bottom of the market cycle last
  • Aiming for a strong recovery July 8, 2022
    We see highly encouraging growth for the office sector in the first half of 2022. With lease transactions now at 379,000 sqm, equivalent to 70 percent of full year 2021, we expect 2022 to exceed the numbers of last year. In fact, the current absorption of 255,000 sqm in the second quarter is the highest
  • Megaworld eyes P6.5B sales from township in Cavite May 30, 2022
    MANILA, Philippines—Billionaire Andrew Tan’s Megaworld Corp. is tapping the same design group behind Atlantis The Palm in Dubai and Shangri-La Maldives for a luxury resort-inspired residential project on its 140-hectare Maple Grove township in General Trias, Cavite province. Megaworld said in a statement the company Wimberly, Allison, Tong & Goo would design the 22-hectare Maple
  • Robinsons Land transfers P5.9B Ortigas building to REIT firm April 22, 2022
    MANILA, Philippines—RL Commercial REIT Inc. is taking over the P5.9 billion Robinsons Cyberscape Gamma building in the Ortigas business district, which would boost its portfolio and dividend payout to investors. RL Commercial REIT is the real estate investment trust (REIT) of Robinsons Land Corp., the property giant owned by Gokongwei-led conglomerate JG Summit Holdings. RL
  • MPIC revives real estate ambitions in Landco buyout April 2, 2022
    Tycoon Manuel V. Pangilinan-led Metro Pacific Investments Corp. (MPIC) has agreed to a takeover of Landco Pacific Corp., the pioneering beach resort developer it tried to sell a decade ago amid a broader shift to more stable and lucrative infrastructure projects. The P430-million deal would boost the water, energy and toll road giant’s stake in

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