London-based Capital Economics said that the Philippines’ gross domestic product (GDP) likely slid by almost a fifth year-on-year during the second quarter at the height of the longest and most stringent coronavirus disease 2019 (COVID-19)… Read More »Philippines’ GDP contracted by 18 percent year-on-year
The first real estate investment trust to debut on the local stock exchange has priced its initial public offering(IPO) at P27 per share. Ayala Land-sponsored AREIT IPO will offer a total of 502.57 million shares,… Read More »AREIT IPO Review
Andrew L. Tan-led company said in a statement, Tuesday, that Megaworld booked P38 billion in reservations sales for multiple residential projects in the first and second quarter of the year, with the second quarter seeing… Read More »Megaworld registered billions despite the pandemic
The consumer food and beverage giant Universal Robina Corp(URC) announced on Monday that it will venture into the manufacturing of pharmaceutical-grade alcohol amid demand surge as the country battles the coronavirus pandemic. In a regulatory… Read More »Universal Robina Corp to make disinfectant alcohol
Ayala Land-sponsored AREIT Inc. is the first real estate investment trust (REIT) to list to the local market. The Philippine Stock Exchange (PSE) has approved the initial public offering (IPO) of as much as P15.1… Read More »AREIT P15.1 Billion IPO SET
AC Energy, Inc. is building the largest wind farm in Vietnam, boosting its overall renewables capacity to 1,200 megawatts (MW). The energy firm said it is constructing a 210-MW wind farm in the coastal area… Read More »AC Energy builds the biggest Wind Farm in Vietnam
Listed restaurant chain operator Shakey’s Pizza Asia Ventures Inc. is holding off the rollout of new stores and cutting by half its capital outlays this 2020 to prepare for a prolonged period of the difficult… Read More »Shakey’s holds Expansion Plans
Securities and Exchange Commission (SEC) on July 9, 2020, approved the P15 billion initial public offering of Ayala Land’s REIT or AREIT. This is the very first Real Estate Investment Trust (REIT) offering in the… Read More »Ayala REIT IPO approved by SEC
It was announced earlier this week that the “super consortium” is officially out of the Naia (Ninoy Aquino International Airport) public-private partnership project, construction, and engineering firm Megawide Construction Corp. is willing to take a… Read More »Megawide to pitch for NAIA project
Cirtek Holdings Philippines Corp. (Cirtek) subsidiary bags multi-million project with a Silicon Valley-based technology company to produce 5G-supporting chipsets to be used in fiber-optic networks. In a statement Wednesday, Cirtek said its microwave and millimeter-wave… Read More »Cirtek subsidiary bags Silicon Valley contract