Sy-blings add vibrancy to Bataan province with opening of first SM mall
May 17, 2023
SM Prime Holdings, the integrated property arm of the Sy family, is gearing up to unveil its inaugural mall in Bataan province this Friday.
Injap Sia’s DoubleDragon and MerryMart deliver stellar Q1 earnings, while DDMP REIT faces challenges
May 16, 2023
Bilyonaryo Injap Sia-led companies DoubleDragon Properties Corp., and MerryMart Consumer Corp. enjoyed strong profitability growth in the first quarter of 2023, driven by a significant increase in revenues.
Former PEZA chief Lilia de Lima quits Megawide board for ‘health reasons’
May 16, 2023
Lilia de Lima resigned as an independent director of Megawide Construction on May 12, citing “health reasons.”
Ikea vows lower prices as it boosts investments
May 16, 2023
Ikea plans to invest more than $1 billion in France after announcing a US expansion, and the Swedish furniture giant will cut prices as inflation eases, the head of its holding company told AFP.
FLI shows resilience with 9% profit increase in challenging first quarter
May 15, 2023
Despite the challenges posed by high interest rates and inflation, the Gotianun family’s Filinvest Land Inc. managed to eke out a nine percent rise in its first quarter earnings to P741 million.
First-home market success fuels Century Properties’ Q1 earnings
May 15, 2023
Upscale real estate developer Century Properties Group (CPG) got a huge lift from its first-home market business segment, boosting the company’s first quarter net income by 21 percent to P302 million.
Lance Gokongwei flexes mom’s inclusion in National Museum book, exhibit
May 15, 2023
Ultra bilyonaryo Lance Gokongwei marked Mother’s Day by sharing that his late mother was featured in a stoneware exhibit and book published by the National Museum.
Q1 results: Rockwell Land turns profitable on strong residential development
May 14, 2023
Rockwell Land Corp., owned by the Lopez family, achieved profitability in the first quarter of the year, driven by increased sales in its residential development sector despite a decline in commercial development revenues.
Panama Canal maintenance work aims to extend its life by a century
May 14, 2023
From their vantage point in cranes overlooking the Panama Canal, operators scrutinize the century-old walls of one of its locks as the high-pitched siren of a merchant ship resonates from nearby.
Stable operations and acquisitions lift AREIT’s Q1 profit
May 14, 2023
AREIT Inc., the real estate investment trust led by the Ayala family, recorded a significant boost in profit for the first quarter of the year, driven by stable operations and the acquisition of Cebu properties in 2022.
Architects don’t need AI, says high-tech pioneer Norman Foster
May 13, 2023
British architect Norman Foster has spent six decades pushing the boundaries of technology with awe-inspiring modernist structures from California to Hong Kong, but he is yet to be convinced by the craze for artificial intelligence.
Andrew Tan’s leisure estate firm surpasses pre-pandemic levels, Q1 net income surges by 40%
May 11, 2023
Global-Estate Resorts Inc. (GERI) led by Andrew Tan is off to a remarkable start in 2023, surpassing its pre-pandemic performance and signaling robust growth across all business segments.
Mongolia’s building boom traps capital residents in concrete jungle
May 11, 2023
Otgoo recalls running around freely as a child in Mongolia’s once sparsely populated capital city, but he fears a rapid construction boom has now trapped his children in a concrete jungle.
Explosive growth: Bloomberry profit more than quadruples in Q1 as gamesters flock to VIP tables, slot machines
May 11, 2023
Bloomberry Resorts (BLOOM) of ultra bilyonaryo Ricky Razon is back to pre-pandemic levels on the back of strong domestic demand and the return of international patrons.
Megaworld’s stellar Q1 performance sets stage for record-breaking year ahead
May 10, 2023
Megaworld, led by bilyonaryo Andrew Tan, has achieved remarkable growth in the first quarter as its earnings surpassed pre-pandemic levels for the first time.
Rental income and other sources propel Q1 earnings of Ernesto Ang’s Primex
May 9, 2023
Primex Corp., owned by business magnate Ernesto Ang, achieved profitability in the first quarter of the year despite the absence of any real estate sales.
Araneta Properties suffers deeper losses in first quarter amid revenue plunge
May 9, 2023
Araneta Properties Inc., the real estate firm owned by the prominent Araneta family, experienced a significant decline in revenues during the first quarter of the year, leading to deeper losses.
Improving consumer confidence drives growth for Robinsons Land unit in Q1
May 9, 2023
Altus Property Ventures Inc. (APVI), a subsidiary of Gokongwei-led Robinsons Land Corp., sustained its growth momentum in the first quarter of the year with a double digit increase in its bottomline due to improving overall consumer confidence.
Sy-blings add vibrancy to Bataan province with opening of first SM mall
May 17, 2023
SM Prime Holdings, the integrated property arm of the Sy family, is gearing up to unveil its inaugural mall in Bataan province this Friday.
Injap Sia’s DoubleDragon and MerryMart deliver stellar Q1 earnings, while DDMP REIT faces challenges
May 16, 2023
Bilyonaryo Injap Sia-led companies DoubleDragon Properties Corp., and MerryMart Consumer Corp. enjoyed strong profitability growth in the first quarter of 2023, driven by a significant increase in revenues.
Former PEZA chief Lilia de Lima quits Megawide board for ‘health reasons’
May 16, 2023
Lilia de Lima resigned as an independent director of Megawide Construction on May 12, citing “health reasons.”
Ikea vows lower prices as it boosts investments
May 16, 2023
Ikea plans to invest more than $1 billion in France after announcing a US expansion, and the Swedish furniture giant will cut prices as inflation eases, the head of its holding company told AFP.
FLI shows resilience with 9% profit increase in challenging first quarter
May 15, 2023
Despite the challenges posed by high interest rates and inflation, the Gotianun family’s Filinvest Land Inc. managed to eke out a nine percent rise in its first quarter earnings to P741 million.
First-home market success fuels Century Properties’ Q1 earnings
May 15, 2023
Upscale real estate developer Century Properties Group (CPG) got a huge lift from its first-home market business segment, boosting the company’s first quarter net income by 21 percent to P302 million.
Lance Gokongwei flexes mom’s inclusion in National Museum book, exhibit
May 15, 2023
Ultra bilyonaryo Lance Gokongwei marked Mother’s Day by sharing that his late mother was featured in a stoneware exhibit and book published by the National Museum.
Q1 results: Rockwell Land turns profitable on strong residential development
May 14, 2023
Rockwell Land Corp., owned by the Lopez family, achieved profitability in the first quarter of the year, driven by increased sales in its residential development sector despite a decline in commercial development revenues.
Panama Canal maintenance work aims to extend its life by a century
May 14, 2023
From their vantage point in cranes overlooking the Panama Canal, operators scrutinize the century-old walls of one of its locks as the high-pitched siren of a merchant ship resonates from nearby.
Stable operations and acquisitions lift AREIT’s Q1 profit
May 14, 2023
AREIT Inc., the real estate investment trust led by the Ayala family, recorded a significant boost in profit for the first quarter of the year, driven by stable operations and the acquisition of Cebu properties in 2022.
Architects don’t need AI, says high-tech pioneer Norman Foster
May 13, 2023
British architect Norman Foster has spent six decades pushing the boundaries of technology with awe-inspiring modernist structures from California to Hong Kong, but he is yet to be convinced by the craze for artificial intelligence.
Andrew Tan’s leisure estate firm surpasses pre-pandemic levels, Q1 net income surges by 40%
May 11, 2023
Global-Estate Resorts Inc. (GERI) led by Andrew Tan is off to a remarkable start in 2023, surpassing its pre-pandemic performance and signaling robust growth across all business segments.
Mongolia’s building boom traps capital residents in concrete jungle
May 11, 2023
Otgoo recalls running around freely as a child in Mongolia’s once sparsely populated capital city, but he fears a rapid construction boom has now trapped his children in a concrete jungle.
Explosive growth: Bloomberry profit more than quadruples in Q1 as gamesters flock to VIP tables, slot machines
May 11, 2023
Bloomberry Resorts (BLOOM) of ultra bilyonaryo Ricky Razon is back to pre-pandemic levels on the back of strong domestic demand and the return of international patrons.
Megaworld’s stellar Q1 performance sets stage for record-breaking year ahead
May 10, 2023
Megaworld, led by bilyonaryo Andrew Tan, has achieved remarkable growth in the first quarter as its earnings surpassed pre-pandemic levels for the first time.
Rental income and other sources propel Q1 earnings of Ernesto Ang’s Primex
May 9, 2023
Primex Corp., owned by business magnate Ernesto Ang, achieved profitability in the first quarter of the year despite the absence of any real estate sales.
Araneta Properties suffers deeper losses in first quarter amid revenue plunge
May 9, 2023
Araneta Properties Inc., the real estate firm owned by the prominent Araneta family, experienced a significant decline in revenues during the first quarter of the year, leading to deeper losses.
Improving consumer confidence drives growth for Robinsons Land unit in Q1
May 9, 2023
Altus Property Ventures Inc. (APVI), a subsidiary of Gokongwei-led Robinsons Land Corp., sustained its growth momentum in the first quarter of the year with a double digit increase in its bottomline due to improving overall consumer confidence.
DOTr to procure P5.24 billion worth of license plates to address looming shortage
The Department of Transportation (DOTr) has announced a bidding process for the procurement of motorcycle and car plates, aiming to address the anticipated shortage by next month.
US securities regulator sues cryptocurrency platform Coinbase
US securities regulators sued Coinbase on Tuesday, alleging that the cryptocurrency platform’s failure to register as a securities exchange venue exposed investors to risk.
Lumagui urges new CPAs to uphold ethical standards amid ghost receipts scandal
The Bureau of Internal Revenue (BIR) has warned newly certified public accountants (CPAs) about the dangers of becoming entangled in the ghost receipts syndicate.
Consunjis emerge victorious as Labor Commission rejects illegal dismissal complaint against Semirara
An illegal dismissal case filed against Semirara Mining and Power Corp. and two of its officials has been dismissed by the National Labor Relations Commission.
Hong Kong opposition party protests after HSBC shuts accounts
One of Hong Kong’s last remaining opposition parties staged a rare protest Tuesday outside the headquarters of HSBC after the global banking giant closed its accounts.
Inflation eases to 6.1% in May
The country’s inflation rate eased to 6.1 percent in May, the lowest year-on-year figure recorded since July 2022, according to a report released by the Philippine Statistics Authority (PSA).
