AREIT to acquire 276-hectare Zambales property via share-for-asset swap
AREIT Inc., the listed real estate arm of the Ayala Group, said Wednesday it will acquire a 276-hectare property in Zambales from Buendia Christiana Holdings Corp., a wholly owned subsidiary of ACEN Corp., via property-for-share swap valued at P6.77 billion.
Economic expansion, loan growth seen picking up pace this year
Economic expansion, measured as the gross domestic product (GDP), is seen accelerating across ASEAN and especially in the Philippines, according to latest forecasts by Fitch Ratings.
Wall Street ends lower, gold jumps as Fed minutes reveal cautious policy approach
U.S. stocks dipped on Tuesday and gold touched a two-week high while minutes from the Federal Reserve's most recent meeting showed the central bank...
Approved building permits in 3Q down 18% year-on-year to 37,845
Approved building permits in the third quarter declined 18 percent year-on-year to 37,845, with residential buildings still accounting for the bulk of the issued permits, data from the Philippine Statistics Authority showed.
Meralco falls behind DOE in studying nuclear options
The Manila Electric Co. (Meralco) late on Monday bared falling behind the Department of Energy (DOE) and its program initially identifying 14 areas suitable as nuclear energy development sites for micro-modular reactor (MMR) nuclear energy.
