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 Philippine Exporters Confederation, Inc. (PHILEXPORT) hailed a sweeping 6-3 decision by the United States Supreme Court striking down former President Donald Trump’s “reciprocal” tariffs, calling it a decisive lift of an unfair burden on Philippine exporters.
Newly-merged Honda Philippines, Inc. (HPI) is accelerating its manufacturing push, unveiling a major expansion in motorcycle engine components as it doubles down on its long-term commitment to the Philippine market.
Recovery in the Visayas is still a work in progress, but property developer Cebu Landmasters Inc. is ensuring resilience is built into that recovery, not treated as an afterthought.