Tag: Megaworld

Browse our exclusive articles!

Megaworld reinvests P2.21B in MREIT projects

Corporate Context.ph Context.ph -
Megaworld Corp., the property arm of billionaire Andrew Tan, announced it will reinvest P2.21 billion into township development projects under its real estate investment trust (REIT) vehicle, MREIT Inc. The move follows the sale of 168.6 million MREIT common shares, averaging P13.28 per share, which generated the reinvestment proceeds.

Megaworld raises P2.24B from sale of MREIT shares

Property Context.ph Context.ph -
Megaworld Corp., the listed property development business of billionaire Andrew Tan, said it has sold 168.6 million ommon shares of its sponsored retail estate and investment trust, MREIT Inc., in a block sale transaction that raised around P2.24 billion before fees and taxes.

Megaworld expands retail footprint 

Property Context.ph Context.ph -
Megaworld Corp., the listed property development arm of billionaire Andrew Tan, is accelerating the expansion of its retail and commercial portfolio, adding over 30,000 square meters of new space this year through its retail arm, Megaworld Lifestyle Malls. 

EEI wins P19.1B worth of new projects

Corporate Context.ph Context.ph -
EEI Corp., one of the country’s leading construction firms, announced a major boost in its third-quarter project acquisitions for 2025, securing contracts worth a total of P19.1 billion, a significant turnaround from last year.

Alliance Global 1H profit soars on Megaworld gains

Corporate Context.ph Context.ph -
Alliance Global Group Inc., the listed investment holding company led by tycoon Andrew Tan, reported a 60 percent surge in net income to P14.04 billion in the first half...
1...78910Page 8 of 10

Popular

OceanaGold sets aside P768.43M for Didipio mine rehabilitation and decommissioning

Energy & Mining 0
OceanaGold Philippines Inc. (OGPI) has allocated P768.43 million under its Final Mine Rehabilitation and Decommissioning Plan (FMRDP) for the Didipio gold and copper mine that spans Nueva Vizcaya and Quirino provinces. In a statement released Sunday, the listed mining firm confirmed that P551.4 million has already been placed in a trust fund. The company said the fund will keep growing in line with required annual contributions as it moves forward with rehabilitation and closure preparations while the mine remains active.

ERC approves provisional FIT-All rate hike to P0.3359 Per kWh

Energy & Mining 0
The Energy Regulatory Commission (ERC) has granted the National Transmission Corporation (TransCo) provisional authority to collect a higher Feed-in Tariff Allowance (FIT-All) rate starting this month. The rate will rise to P0.3359 per kilowatt-hour (kWh) from the existing P0.2011 per kWh, marking an increase of P0.1348 per kWh. This adjustment covers the approved working capital allowance (WCA) rate update.

Meralco backs ERC-ordered P9.5B consumer refund program

Energy & Mining 0
Listed Manila Electric Co., the country’s largest power distributor and better known as Meralco, on Sunday said it will immediately comply with the Energy Regulatory Commission's (ERC) directive to refund about P9.5 billion to customers, backing the government's push to deliver quicker and more transparent electricity bill relief.

PCCI says power bill relief must lead to deeper energy reforms

Energy & Mining 0
The Philippine Chamber of Commerce and Industry (PCCI) said the government's plan to scrap systems loss charges and the value-added tax (VAT) on electricity bills should serve as a springboard for broader reforms aimed at lowering power costs and improving the country's investment competitiveness.

Subscribe

spot_imgspot_img