Property News

ERNESTO TANMANTIONG, the top official of Jollibee Foods Corp., has been named “Management Person of the Year 2023” by the Management Association of the Philippines (MAP). He was chosen for “being able to accelerate Jollibee’s globalization and transform it into one of...

THE hotel unit of DoubleDragon Corp. has opened its “global” corporate office and sales hub in Singapore, stepping up the Sia-led group’s overseas foray. In a regulatory filing, DoubleDragon said Hotel101 Global Pte. Ltd. launched its operations on Tuesday at the PLUS...

By Sheldeen Joy Talavera, Reporter ENERGY COMPANIES are expected to experience challenges in terms of oil input costs amid the conflict in the Middle East, according to analysts, who also said the situation may also present opportunities for exploration firms. Luis A....

LISTED property developer Kepwealth Property Phils., Inc. is looking to acquire new properties in the near term as the company is aiming to bolster its portfolio. “The board projects that we will most likely look into acquiring new properties sometime in the second...

LISTED food and beverage manufacturer RFM Corp. will not implement price increases for its items sold across supermarkets during the holiday season, its top official said. “We’re prepared for Christmas. We don’t want to increase prices, especially ice cream and pasta,...

ALTERNERGY HOLDINGS Corp. said its subsidiary inked a lease contract, including a revenue-sharing agreement, with the provincial government of Rizal for a 100-megawatt (MW) onshore wind project. In a stock exchange disclosure on Tuesday, the listed energy company said...

CENTURY PACIFIC Group, Inc. and JE Holdings Inc. have increased their stakes in listed restaurant operator Shakey’s Pizza Asia Ventures, Inc. after buying out shares that were previously held by Arran Investment Pte. Ltd.  In a stock exchange disclosure on Monday,...

THE Court of Tax Appeals (CTA) has granted Petron Corp.’s appeal to refund its wrongly paid excise tax on alkylate gas imports totaling P44 million for the period covering October 2016 to January 2017. In a 35-page decision dated Sept. 28, the CTA Special Second...

LISTED home and buildings solutions provider Concepcion Industrial Corp. (CIC) has partnered with JS Global APAC Pte. Ltd. for the exclusive distribution of Shark and Ninja branded products in the country. “Our commitment to improving the lives of Filipino consumers...

LISTED holding firm SM Investments Corp. (SMIC) is optimistic about sustaining growth for the remaining months of the year due to increased consumer spending, according to its chairman. “The growth will continue, especially that Christmas is coming. The latter part of...

LISTED Steniel Manufacturing Corp. is set to increase its public float and to lift the trading suspension on the company’s shares following the sale of its shares. In a stock exchange disclosure on Monday, Steniel said it received copies of the deeds of absolute sale...

THE Philippine Stock Exchange, Inc. (PSE) is considering an amendment to market rules that will require companies that breached their public float to pay shareholders who have already tendered their shares before a tender offer extension. “One of our proposed...

By Revin Mikhael D. Ochave, Reporter LISTED property developer Ayala Land (ALI) is upbeat on its growth outlook for this year carried by its malls segment, according to its new top official.    “We are very positive [on our outlook]. We continue to launch. I think the...

THE Securities and Exchange Commission (SEC) cautioned the public against investing in Hope-rices Investment and 99 Dragons PH as their investment-taking activities are unauthorized. In an advisory posted on its website, the SEC said that Hoperices Investment claims...

THE Supreme Court (SC) has upheld a tax court ruling that set aside Maxicare Healthcare Corp.’s tax liabilities worth P419.77 million for the taxable year 2012. In a 21-page decision dated July 10 and made public on Oct. 4, the tribunal agreed with the Court of Tax...

ACEN Corp. said putting up the large-scale capacities of offshore wind projects requires upgrading the country’s electricity grid or the interconnected network of power transmission facilities. “When we talk about offshore wind, definitely, the scale is much bigger...

By Sarwell Meniano | Philippine News Agency October 05, 2023 PALO, Leyte – The Eastern Visayas Regional Development Council (RDC) is pushing for the second feasibility study of the Sorsogon-Samar bridge after the initial study in 2019 found the project “not...

By Ian Carl Espinosa | Sunstar October 04, 2023 ONCE established and operational by next year, the Davao International Airport Authority (DIAA) will push for more international flights, officials from Davao Tourism Association (Data) revealed. Data president Nicole...

By Franz R. Sumangil | The Manila Times October 03, 2023 COMMERCIAL flights at the Cotabato City Airport have resumed on Sunday after a hundred-day closure for extensive runway rehabilitation. This would mean that residents of Cotabato City and Maguindanao no longer...

By Lawrence Agcaoili | The Philippine Star October 06, 2023 MANILA, Philippines — Monetary authorities are ready to resume policy tightening as it expects inflation to remain elevated in the coming months following the rise in prices for the second straight month in...

Lawrence Agcaoili | The Philippine Star October 05, 2023 MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) continues to ramp up the deployment of coin deposit machines in various malls operated by the Sy, Gokongwei and Gotianun families. Latest data from the...

By K.B. Ta-asan | BusinessWorld October 03, 2023 PHILIPPINE BANKS failed to hit the mandated quota for small business loans in the first half of the year, data from the Bangko Sentral ng Pilipinas (BSP) showed. Loans extended by the banking industry to micro-, small-,...

By Revin Mikhael D. Ochave | BusinessWorld October 06, 2023 THE Securities and Exchange Commission (SEC) has cautioned the public against investing in three entities after soliciting investments without the necessary registration. In three separate advisories, the SEC...

By James A. Loyola | Manila Bulletin October 03, 2023 Davao tycoon Dennis A. Uy has found a potential buyer or majority investor in Cebu-based real estate developer AppleOne Properties Inc. for his integrated casino resort project in Mactan as he continues to sell-off...

By The Manila Times October 02, 2023 PLDT Inc. information and communications technology subsidiary ePLDT is planning to invest at least $600 million to build its 12th data center facility in the Philippines. Victor Genuino, ePLDT president and chief executive, told...

By Keisha B. Ta-asan | BusinessWorld October 06, 2023 INFLATION quickened for a second straight month in September due to a double-digit increase in rice prices, putting pressure on the Bangko Sentral ng Pilipinas (BSP) to resume monetary tightening. “I think a hike...

By Alden M. Monzon | Philippine Daily Inquirer October 04, 2023 MANILA -The Philippine Economic Zone Authority (Peza) is looking to attract more investors from Taiwan and China, with more investment missions to key cities in these East Asian economies slated this year...

By Jenica Faye Garcia | The Manila Times October 04, 2023 THE Board of Investments (BoI) is eyeing deeper bilateral trade relations with the Republic of Ghana. Speaking at the Ghana-Philippines Business Forum and Business-to-Business Session at Makati City, BoI...

By Philippine Daily Inquirer October 05, 2023 SMDC recently launched its newest addition in Chino Roces Avenue — Jade Residences, an embodiment of timeless beauty with its contemporary architecture, thoughtfully crafted interiors, and luxurious amenities. Jade...

By BusinessWorld October 03, 2023 PHINMA PROPERTIES signed a memorandum of understanding with the City Government of Iloilo to provide affordable housing in urban resettlement areas. “Partnerships such as this one with the City Government of Iloilo align with our...