Property developer Megaworld Corp. is set to reinvest approximately P3.4 billion in proceeds from its recent MREIT, Inc. share sales into expanding three of...
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 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.
The Department of Human Settlements and Urban Development has ordered the fast-tracking of three long-stalled socialized housing projects in Caloocan City, signaling a tougher stance on project delays and construction quality under the Marcos administration’s housing drive.
The Department of Agriculture (DA) is widening access to affordable rice and basic food staples in Manila, scaling up the KADIWA ng Pangulo and the P20 “Benteng Bigas, Meron Na!” rice program as part of a broader push to strengthen food security in this densely populated Philippine capital.
Executive Secretary Ralph G. Recto urged the 857 new graduates of the Development Academy of the Philippines (DAP) to always side with the Filipino people, saying it is never the wrong choice.