Latest News

May 23, 2022

SM Prime shares among highest gainers

A news from The Manila Times
-- PROPERTY giant SM Prime Holdings Inc. saw higher gains week on week last week and landed a spot among top gainers on Friday.

SM Prime shares among highest gainers

May 23, 2022

Ayala Land, Inc. rebounds despite dark market sentiment

A news from Business World -- AYALA Land, Inc. (ALI) rose last week as the market tracked the overall index performance.

Ayala Land, Inc. rebounds despite dark market sentiment

May 21, 2022

Office opening rate hits new record high in Q1

A news from Philstar Global
-- The overall office vacancy rate in the country posted a new high in the first quarter as fresh office space supply entered the market and as tenants continued to exit, a study by a global property research firm showed.

Office opening rate hits new record high in Q1

May 21, 2022

PLDT wants the Makati building removed from the heritage list so that it can be redeveloped.

A news from INQUIRER.NET -- Telecommunications giant PLDT Inc. has filed a petition to remove the “important cultural property” (ICP) label on its headquarters — the Ramon Cojuangco Building (RCB) which was designed by National Artist for Architecture Leandro V. Locsin in 1974 and was completed in 1982.

PLDT wants the Makati building removed from the heritage list so that it can be redeveloped.

May 20, 2022

Return-to-office orders could lead to rush of top talents in Philippines

A news from BusinessWorld
-- JOHN GABRIEL GALANG-PILAPIL, 22, finally returned to his office on March 6 after working from home for the past two years amid a coronavirus pandemic.

Return-to-office orders could lead to rush of top talents in Philippines

May 20, 2022

BIR inspects call centers to ensure they are following the return-to-onsite work order

A news from INQUIRER.NET -- The Bureau of Internal Revenue (BIR) has formed a task force that started checking on compliance with the 100-percent return-to-workplace rule among business process outsourcing (BPO) firms who had decided to keep their tax perks.

BIR inspects call centers to ensure they are following the return-to-onsite work order

May 19, 2022

Megaworld: Issues with BIR "fixed"

A news from The Manila Times
-- MEGAWORLD Corp. said it has "clarified and resolved" the alleged issues it has with the Bureau of Internal Revenue (BIR) and stressed that the company has no outstanding past tax liabilities.

Megaworld: Issues with BIR "fixed"

May 19, 2022

VREIT's IPO has been approved by the Philippine Stock Exchange

A news from Philstar Global -- It’s all systems go for the initial public offering of Villar-backed VistaREIT Inc. (VREIT) after the Philippine Stock Exchange Inc. (PSE) gave its green light.

VREIT's IPO has been approved by the Philippine Stock Exchange

May 18, 2022

BIR holds closure order opposed to Megaworld

A news from The Manila Times
-- THE issuance of a closure order against Megaworld Corp. has been "held in abeyance" by the Bureau of Internal Revenue (BIR).

BIR holds closure order opposed to Megaworld

May 18, 2022

Profit margins of Sia's listed companies have increased significantly.

A news from Business World -- THREE listed companies led by Edgar J. Sia II reported strong profit growth in the first quarter, including his property leasing business DoubleDragon Corp., which reported a 5.7% increase in net income attributable to parent firm equity holders to P469.26 million.

Profit margins of Sia's listed companies have increased significantly.

May 17, 2022

Construction project rebounds in Q4 2021

A news from The Manila Times
-- CONSTRUCTION activity grew in the fourth quarter of last year, the Philippine Statistics Authority reported last Friday, rebounding from year-earlier contraction when much of the country remained under strict quarantine restrictions due to the Covid-19 pandemic.

Construction project rebounds in Q4 2021

May 17, 2022

Megaworld's Q1 earnings increased by 30% to PHP 3.1B

A news from Philstar Global -- Integrated property developer Megaworld reported a 30 percent growth in net income to P3.1 billion in the first quarter from only P2.4 billion last year.

Megaworld's Q1 earnings increased by 30% to PHP 3.1B

May 14, 2022

DoubleDragon profits increase 87% to P11.3 billion

A news from Philstar Global
-- DoubleDragon Corp., the flagship holding firm of tycoon Edgar “Injap” Sia II, reported a consolidated net income of P11.3 billion last year, up by 87.2 percent.

DoubleDragon profits increase 87% to P11.3 billion

May 14, 2022

Ayala's profit for Q1 2022 jumps 45% to PHP 7.8B

A news from Manila Bulletin -- Ayala Corporation, the country’s oldest conglomerate, reported a 45 percent jump in attributable net income to P7.8 billion in the first quarter of 2022 from P5.4 billion in the same period last year.

Ayala's profit for Q1 2022 jumps 45% to PHP 7.8B

May 13, 2022

MANILA – The Philippine Economic Zone Authority (PEZA) has approved a total of PHP8.14 billion in investments from January to March this year.

A news from Philippine News Agency
The Philippine Economic Zone Authority (PEZA) has approved a total of PHP8.14 billion in investments from January to March this year.

MANILA – The Philippine Economic Zone Authority (PEZA) has approved a total of PHP8.14 billion in investments from January to March this year.

May 13, 2022

RLC operating income increase by 12% in Jan-March

A news from The Manila Times
-- LISTED Robinsons Land Corp. (RLC) on Wednesday reported a 12-percent higher operating income from domestic operations at P2.29 billion in January to March.

RLC operating income increase by 12% in Jan-March

May 13, 2022

Robinsons Land Corporation allocates PHP 25.5B for capex

A news from Manila Bulletin -- Robinsons Land Corporation, one of the country’s leading developers, is allotting P25.5 billion for capital expenditures this year, about the same amount it spent in 2021, as it gears up for a recovery in the economy.

Robinsons Land Corporation allocates PHP 25.5B for capex

May 12, 2022

PEZA fears increasing 'Underground' IT-BPO operation

A news from Philippines News Agency
-- The Philippine Economic Zone Authority (PEZA) has received reports that registered information technology and business process outsourcing (IT-BPO) companies are losing their employees to “underground” IT-BPO entities operating in a work-from-home (WFH) set-up.

PEZA fears increasing 'Underground' IT-BPO operation

May 12, 2022

RLC's operating profit is proximate to 2019 level

A news from Manila Bulletin -- Robinsons Land Corporation (RLC), a leading diversified real estate company in the Philippines, reported a net income of P1.74 billion for the first quarter of 2022 from P2.9 billion in the same period last year.

RLC's operating profit is proximate to 2019 level

May 11, 2022

Construction resumption boosts SE Asia aggregates markets

A report from AGG BUSINESS -- Pandemic restrictions reduced demand for quarry materials in Vietnam, Thailand, and the Philippines, but the resumption of large infrastructure projects in the area is recovering aggregates demand to pre-COVID levels.

Construction resumption boosts SE Asia aggregates markets