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BUSINESS

RSS Inquirer Business
  • Several Chinese state-owned companies to delist from NYSE August 12, 2022
    SHANGHAI/HONG KONG -Several Chinese state-owned companies including China Life Insurance and oil giant Sinopec announced plans on Friday to delist from the U.S. stock market. The companies, which also include Aluminum Corporation of China (Chalco) and PetroChina, said in separate statements that they would apply for delisting of their American Depository Shares from the New […]
  • U.S. stock market: Is it a bull, a bear, or a bull in a bear? August 12, 2022
    The U.S. stock market’s rebound in recent weeks has analysts and investors questioning whether 2022’s deep downturn has ended, but how to spot an expiring bear market or a new bull market is not something everyone on Wall Street agrees on. Equities have rebounded thanks to better-than-expected corporate earnings and bets the worst of soaring […]
  • Australian court orders Google to pay $43M for misleading users August 12, 2022
    Australia’s competition watchdog said on Friday that Alphabet Inc’s Google unit was ordered by the country’s Federal Court to pay A$60 million ($42.7 million) in penalties for misleading users on collection of their personal location data. The court found Google misled some customers about personal location data collected through their Android mobile devices between January […]
  • CLI books record first half profit August 12, 2022
    The Soberano family-led Cebu Landmasters Inc. (CLI) booked record profits in the first half of the year as capital investments surged 42 percent to P5.5 billion to lock in strong demand for its projects in Visayas and Mindanao. From January to June this year, CLI’s net income jumped 40 percent to P1.55 billion while real […]
  • DM Wenceslao first semester profit up 56% August 12, 2022
    Integrated property developer D.M. Wenceslao and Associates Inc. (DMW) reported on Friday a 56-percent jump in its net income in the first half of 2022 to P1.3 billion from P853 million a year ago. The company said revenues and profits were boosted by increasing levels of mobility and economic activity in the National Capital Region […]
  • Mazda seeks to reduce dependence on Chinese supplies August 12, 2022
    TOKYO – Japan’s Mazda Motor Corp said on Friday it would ask its parts suppliers to increase stockpiles in Japan and produce components outside China after COVID-19 lockdowns in Shanghai destabilized supply and hampered production. The request from the Hiroshima-based automaker underscores the vulnerability of sprawling supply chains that have been tested by the pandemic […]
  • Filinvest REIT H1 profit drops on office demand slowdown August 12, 2022
    The real estate investment trust (REIT) arm of Gotianun-led Filinvest Land Inc. saw profits drop in the first half of the year as office locators expanded at a slower pace given the rise of hybrid work arrangements. From January to June this year, net income at Filinvest REIT Corp. fell 32.7 percent to P706 million. […]
  • Ayala group spends nearly P12B to raise stake in Ayala Land August 12, 2022
    The Zobel family conglomerate Ayala Corp. spent P11.82 billion over two days to buy more shares at its flagship property arm, Ayala Land Inc., continuing its business realignment strategy. The country’s oldest business group said on Friday it was the buyer of 468.67 million Ayala Land shares at P25.20 each on Aug. 9 and Aug. […]
  • Japan’s Hino Motors, Toyota accused of misconduct in U.S. lawsuit August 12, 2022
    TOKYO -Japanese vehicle maker Hino Motors Ltd and its parent, Toyota Motor Corp, have been accused of historical misconduct in a class action lawsuit brought in the United States, Hino said on Friday. The case, in the Southern District of Florida, has been filed on behalf of those who bought or leased 2004-2021 model year […]
  • Indonesia central bank: rate hike not first choice at this juncture August 12, 2022
    JAKARTA – An interest rate hike will not be Bank Indonesia’s first choice at this juncture, the central bank’s deputy governor told the Reuters Global Markets Forum on Friday, even as the country’s headline inflation rate rose to a 7-year high. “We have room to increase the policy rate … But at this juncture, I […]

REAL ESTATE

RSS Inquirer | Real Estate
  • 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 1, 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 […]
  • AREIT readies P11.3-B infusion of Cebu assets March 11, 2022
    Real estate investment trust (REIT) pioneer AREIT Inc. is set to acquire six additional office buildings in Cebu valued at about P11.26 billion from its sponsor, Ayala Land Inc. (ALI), outperforming its goal of doubling its portfolio within two years from its stock market debut. AREIT unveiled a second property-for-share swap with ALI that will […]
  • Ovialand plans P1.5-B initial public offering by June March 11, 2022
    Mass housing developer Ovialand Inc. plans to raise P1.5 billion from a stock market debut by midyear, aiming to play a greater role in filling the country’s massive housing backlog. Ovialand, a partnership between the Olivares family and mass housing veteran Januario Jesus Atencio, plans to offer to the public mostly primary shares, bringing its […]
  • ‘Voluminous’ demand prompts CREIT to reschedule market listing launch February 16, 2022
    MANILA, Philippines—Citicore Energy REIT Corp., the country’s first renewable energy-themed real estate investment trust, moved its stock market listing to early next week amid a “voluminous” market demand, especially among local small investors (LSIs), some of whom will be refunded for excess orders. CREIT reported that the LSI tranche had generated an oversubscription level of […]

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