REITs seen saddled by hybrid work, POGO exit
REAL estate investment trusts (REITs) are expected to benefit from the further reopening of the economy, but their growth could be tempered by flexible work arrangements and the departure of Philippine offshore gaming operators (POGO), analysts said.
Megaworld to bring Savoy hotel to San Vicente, Palawan
MEGAWORLD Corp. is bringing its Savoy hotel brand to Palawan in a move that will raise the listed property developer’s total hotel room keys...
Alturas group to invest P25B in Panglao estate
PANGLAO, BOHOL — The tourism arm of Bohol-based Alturas group of companies is building an integrated mixed-use resort estate in which it plans to...
CTA rejects geothermal firm’s P13.6-million refund claim
THE Court of Tax Appeals (CTA) has denied Philippine Geothermal Production Co., Inc.’s (PGPCI) refund claim worth P13.62 million representing its excess input taxes...
Converge backs Wilcon Depot in digital retailing
CONVERGE ICT Solutions, Inc. announced on Thursday its partnership with construction supplies and home improvement retailer Wilcon Depot, Inc. as the latter navigates the...
Regulator targets decision on Grab PHL’s ‘surge pricing’ in Feb.
THE Land Transportation Franchising and Regulatory Board (LTFRB) announced on Thursday that it targets to issue a decision on Grab Philippines’ “surge pricing” mechanism...
Group presses DTI action on Shopee delivery delays
LOCAL advocacy group Digital Pinoys has called on the Department of Trade and Industry (DTI) to take action against the alleged delayed delivery of...
How PSEi member stocks performed — January 12, 2023
Here’s a quick glance at how PSEi stocks fared on Thursday, January 12, 2023.
Car sales up 31% in 2022, exceed industry target
AUTOMOTIVE sales jumped past 352,000 last year, with units sold breaching the industry’s target on the back of surging demand, data from vehicle manufacturing...
Megawide aims to raise P1.5B via preferred share offering
LISTED construction company Megawide Construction Corp. announced on Wednesday that it plans to raise P1.5 billion through a preferred share offering in March this...
Maynilad customers set to receive rebate
CUSTOMERS of Maynilad Water Services, Inc. who were affected by the recurring service interruptions in areas served by the concessionaire’s Putatan water treatment plants...
Citicore Energy REIT eyes green bonds
CITICORE Energy REIT Corp. (CREIT) said it is looking to issue green bonds in 2023 to fund the acquisition of AFAB Solar Rooftop System...