Corporate
AREIT 2023 net income rises to P4.93B, declares P0.55/share dividend for 4Q
AREIT Inc., the listed real estate investment trust of the Ayala Group, reported Tuesday a 43 percent increase in net income last year to P4.93 billion, excluding the net fair value change in its investment properties.
Metro Pacific seeks more balanced portfolio, cool to regulated ventures
Metro Pacific Investment Corp. of business tycoon Manuel V. Pangilinan is being more careful in choosing projects it would invest in moving forward, with the bias on ventures that would promote a balanced investment portfolio for the group.
Mall revenue growth push SM Prime income 33% higher in 2023
Shopping mall operator SM Prime Holdings Inc. on Monday reported income growing 33 percent in 2023 to P40 billion from previous year’s P30.1 billion.
It...
Loan aggregator partners with SME-oriented finance company
FundSpace, a homegrown loan aggregator under 917Ventures, has partnered with Global Dominion Financing, Inc. (GDFI) to provide financing solutions to small and medium enterprises...
Meralco invests P280M for new switching station for Metro Manila Subway
Manila Electric Co., the largest power distributor in the country, said Monday it is investing P280 million to develop a new switching station to ensure stable power supply for the Metro Manila Subway project, the country’s first underground train system.
