The octogenarian architect working to flood-proof Pakistan
May 20, 2023
At 82 years old, architect Yasmeen Lari is forging the way in fortifying Pakistan’s rural communities living on the frontline of climate change.
Condominium sales and hotel operations propel Robert Kuok’s Shang Properties to extraordinary profits
May 19, 2023
Billionaire Robert Kuok’s Shang Properties more than doubled its earnings in the first quarter of 2023, bolstered by strong revenue streams from various sectors including condominium sales, rental and cinema, and hotel operations of Shangri-La at the Fort.
Eternal Gardens expansion: Cabangon Chua family pays P210 million for Batangas property
May 19, 2023
The family of the late bilyonaryo Antonio L. Cabangon Chua has acquired a sprawling property in Lipa City to expand its memorial park business.
Disney cancels Florida campus in fallout from DeSantis row
May 19, 2023
Disney canceled plans for a new employee campus in central Florida on Thursday in the latest ripple effect from its feud with Republican governor of the state Ron DeSantis.
Shang Properties starts digging in Quezon City project
May 18, 2023
Shang Properties (SHNG) of billionaire Robert Kuok has started groundwork on its new high-rise condo project in Quezon City.
Lower revenues and higher costs weigh on Filinvest REIT’s Q1 performance
May 17, 2023
Filinvest REIT Corp., the real estate investment trust owned by the Gotianun family, reported a 20% decline in earnings for the first quarter of the year to P304.13 million as the company faced lower revenues and higher costs.
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.
The octogenarian architect working to flood-proof Pakistan
May 20, 2023
At 82 years old, architect Yasmeen Lari is forging the way in fortifying Pakistan’s rural communities living on the frontline of climate change.
Condominium sales and hotel operations propel Robert Kuok’s Shang Properties to extraordinary profits
May 19, 2023
Billionaire Robert Kuok’s Shang Properties more than doubled its earnings in the first quarter of 2023, bolstered by strong revenue streams from various sectors including condominium sales, rental and cinema, and hotel operations of Shangri-La at the Fort.
Eternal Gardens expansion: Cabangon Chua family pays P210 million for Batangas property
May 19, 2023
The family of the late bilyonaryo Antonio L. Cabangon Chua has acquired a sprawling property in Lipa City to expand its memorial park business.
Disney cancels Florida campus in fallout from DeSantis row
May 19, 2023
Disney canceled plans for a new employee campus in central Florida on Thursday in the latest ripple effect from its feud with Republican governor of the state Ron DeSantis.
Shang Properties starts digging in Quezon City project
May 18, 2023
Shang Properties (SHNG) of billionaire Robert Kuok has started groundwork on its new high-rise condo project in Quezon City.
Lower revenues and higher costs weigh on Filinvest REIT’s Q1 performance
May 17, 2023
Filinvest REIT Corp., the real estate investment trust owned by the Gotianun family, reported a 20% decline in earnings for the first quarter of the year to P304.13 million as the company faced lower revenues and higher costs.
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.
US banks look to cut ties with UK hedge fund after sex assault claims
JPMorgan Chase and Morgan Stanley are mulling cutting ties with British hedge fund boss Crispin Odey after allegations of sexual assault, sources familiar with the matter told AFP on Thursday.
UK clamps down on cryptocurrency sector
Britain’s financial regulator on Thursday tightened rules over the promotion and selling of cryptocurrency as it seeks to protect consumers.
Government officials meet with PNP to discuss MUP pension reform
Some key officers from the Department of Finance (DOF), the Bureau of the Treasury (BTr), and the Government Service Insurance System (GSIS) convened a dialogue with the Philippine National Police (PNP) last June 7 to discuss proposed reforms to the pension system for Military and Uniformed Personnel (MUP).
Robust growth in Philippine manufacturing: Output increases by 8.2% in April
The Philippines’ manufacturing output registered a growth of 8.2 percent in April 2023, according to the Philippine Statistics Authority (PSA).
BIR advises taxpayers to seek alternative ePAY solutions as GCash halts tax payments
GCash, e-wallet giant operated by Globe X-Change Inc. (GXI) of the Ayala family, has temporarily disabled tax payments through its app following a series of unsuccessful transactions on May 24, 2023.
Nabulaga sa halaga! Bullet Jalosjos reveals MVP’s ‘unbelievable’ offer for Eat Bulaga
Manny V. Pangilinan wanted the noontime show “Eat Bulaga!” to air on TV5 as early as a decade ago, TAPE Inc. chief financial officer Bullet Jalosjos has revealed.
