MREIT hikes distributable income in 2023 to P2.8B on steady rental escalation
MREIT, Inc., the real estate investment trust of Megaworld Corp., registered a distributable income of P2.8 billion in 2023, up 13 percent from the P2.5 billion recorded in 2022, on the back of steady rental escalation and high occupancy rate in its office portfolio.
PXP Energy widens net loss to P97.4M as revenue declined, cost rise
PXP Energy Corp., the upstream oil and gas unit of Philex Mining Corp., said Thursday it booked a wider net loss of P97.4 million compared with P36.1 million as a result of impairment charges in Service Contract 74 Linapacan, offset by changes in decommission estimates in SC 14C-2 West Linapacan.
Metrobank raises landmark USD1 billion from international debt capital markets
Metropolitan Bank & Trust Co. (Metrobank) successfully concluded its offering of a dual tranche, 5 year and 10 year U.S. dollar denominated notes amidst overwhelming demand.
Sprawling queues for subsidized rice highlight plight of Indonesia’s poor
In the afternoon sun, dozens of Indonesians, mostly women, gather in a snaking queue to buy bags of subsidised rice, their arms poking through a metal gate to grab tickets assuring them a spot to make a purchase.
“Nothing wrong with distress selling that allows NFA to dispose of old rice stock”
The National Food Authority (NFA) on Wednesday rejected claims of anomalous transactions at the agency, saying nothing is irregular about selling aging rice stocks at its warehouses.
