THE Filinvest group has helped put up a data dashboard as aid in tracking the extent of the health crisis in the country, showing the importance of private-public partnerships in trying times.
“Filinvest and the Gotianun Foundation set aside a P100-million war chest for this effort,” Filinvest Land, Inc. President and Chief Executive Officer Josephine Gotianun-Yap said in a virtual forum hosted by the Economic Journalists Association of the Philippines on Tuesday.
The group’s information technology team has also created a repository system to record laboratory data, Ms. Gotianun-Yap said.
The conglomerate stressed that there is a need for constant learning and agility during a crisis, such as being open to reinvention and adopting prudential measures.
“Our business plans have taken a shorter and more agile approach in anticipation of possible curve falls,” Ms. Gotianun-Yap said. “While we have been more selective in new property launches, we have accelerated the new facet of our business on environmentally sustainable investments.”
Meanwhile, Filinvest said it is looking forward to the listing of its real estate investment trust (REIT), Filinvest REIT Corp. The company said it will “unlock the value” of its office leasing business.
The company’s REIT portfolio includes 16 office towers in Metro Manila and one in Cebu. Ms. Gotianun-Yap said the unit is looking to infuse more properties into the portfolio once it reaches the criteria under REIT guidelines.
Shares of Filinvest Development Corp. went down by 0.74% or six centavos to close at P8.08 each, while Filinvest Land improved by one centavo to P1.11 apiece. — Keren Concepcion G. Valmonte
