Tag: Filinvest Land

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Filinvest JV signal efficiency shift

Property Context.ph Context.ph -
A joint venture backed by Filinvest Land, Inc. is highlighting a stronger private-sector drive toward low-carbon, cost-efficient operations in the Philippines after its energy efficiency arm secured a key government endorsement.

Filinvest Land to tap bond market anew

Banking & Insurance Context.ph Context.ph -
Filinvest Land Inc. (FLI) is returning to the debt market, with its board approving the issuance of the third tranche of retail bonds under its P35-billion shelf registration program with the Securities and Exchange Commission.

Filinvest closes unit,  keeps Mimosa momentum

Corporate Context.ph Context.ph -
Filinvest Land, Inc. (FLI) is streamlining its corporate structure with the closure of its wholly owned subsidiary, Filinvest Lifemalls Mimosa Inc. (FLMI), a move the company says sharpens operational focus without disrupting ongoing developments.

Residential sales, leasing gains lift Filinvest Land 1Q earnings

Corporate Context.ph Context.ph -
Filinvest Land Inc., the listed property development arm of the Gotianun Group, posted a 3 percent increase in first-quarter net income to P905 million, driven by stronger residential sales, higher leasing revenues, and improved cost efficiency.

Filinvest Land raises P12B from bond issue; bonds listed on PDEx

Corporate Context.ph Context.ph -
Filinvest Land Inc., the listed property development arm of the Gotianun Group, has successfully tapped the bond market and raised P12 billion to fund capital expenditures and refinance debt. FLI issued  5-, 7- and 10-year peso fixed-rate retail bonds, which are PRS Aaa-rated by the Philippine Rating Services Corp. for their outstanding quality and minimum risk. The bonds were listed on the Philippine Dealing and Exchange Corp. (PDEx). This is the second tranche of FLI’s 2023 bond shelf-registration. 

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DICT pushes GOCC plan for eGovPH app

Communications & Technology 0
The Department of Information and Communications Technology (DICT) is proposing the creation of a government-owned and controlled corporation (GOCC) to manage the eGovPH app, aiming to make the platform financially sustainable and improve its operations.

BSP consults stakeholders on financial education roadmap

Banking & Insurance 0
The Bangko Sentral ng Pilipinas is leading the development of a new National Strategy for Financial Education (NSFE) aimed at improving the financial health of Filipinos by helping them make better money decisions.

Apex profit surges, plans $300M copper project

Energy & Mining 0
Apex Mining Co. Inc. nearly doubled first-quarter earnings as soaring gold prices offset weaker production, while the listed miner unveiled an aggressive capital spending program anchored on a planned USD300-million copper project and the expansion of its Maco mine operations.

Alliance Select earnings hit by extended plant shutdown

Corporate 0
Alliance Select Foods International Inc. swung deeper into the red in the first quarter as an extended plant shutdown, softer demand in key segments, and elevated operating costs weighed heavily on the seafood processor’s performance, prompting management to roll out cost and efficiency measures to stabilize operations.

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