MANILA, Philippines — The International Real Estate Federation or FIABCI has named Florentino Dulalia Jr., chairman emeritus and founding president of FIABCI Philippines and chairman and CEO of Dulalia Group of Companies, its vice president elect for 2018-2019, paving the way for his eventual ascension as president in 2020 –[…]
MANILA, Philippines — Aboitiz Equity Ventures Inc. (AEV) managed to eke out gains in the first quarter despite the one-off foreign exchange losses from its power business and lower contributions from other business segments. AEV disclosed its first quarter net income increased by three percent to P4.8 billion. Power accounted[…]
“It is the disruptor’s role to meet the needs of those who have been ignored and steal market share from the incumbent.” The world isn’t going to move backwards. We now live in a world dominated by data, so learning to live with it and maximize its usage is essential[…]
MANILA, Philippines — Real estate developer Sta. Lucia Land Inc. (SLI) is expanding its landbank and project portfolio as it eyes 120.7 hectares of properties for acquisition and joint venture development. In a disclosure to the local bourse, SLI said its board approved the acquisition of nine parcels of land[…]
MANILA, Philippines — Cebu Landmasters Inc. is tapping the bond market for the first time with the planned issuance of P5 billion worth of corporate notes. The notes issue was assigned a credit rating of PRS Aa, with a stable outlook by the local credit watchdog Philippine Rating Services Corp.[…]
Life: Businesswoman Merci Poblador Padolina of Cabanatuan, Nueva Ecija is the seventh of eight children of a single mother. Back then, the nine of them “lived in the smallest house on the street.” “We only had a poso for our water supply so I had to fetch drinking water from a neighbor’s house,”[…]
Property developer Cebu Landmasters is expanding its hotel footprint by investing in a 146-room new hotel under the Radisson RED brand in Mandaue, Cebu which will open by 2021. This is the first Radisson RED – described as a “lively and flexible” hotel concept seen attractive especially to young people[…]
Cebu Landmasters, Inc. said there is strong demand for its MesaVirre Garden Residences project in Bacolod City. CEBU Landmasters, Inc. (CLI) said reservation sales jumped 24% in the first quarter, keeping the property developer on track to hit its P7-billion target this year. In a statement, CLI said it sold[…]
There is no doubt that the Philippine real estate industry can anticipate another stellar year in 2018. But the factors that are expected to drive that promising growth will slightly differ compared to what has driven the industry in the past decade. Such factors include a diversified office tenancy as[…]
The SEC earlier said it would be amenable to review its MPO requirement should the DOF also review the VAT imposition on the initial transfer of properties to REIT companies. MANILA, Philippines — The Securities and Exchange Commission (SEC) may review its minimum public ownership (MPO) requirement on real estate[…]
