Tag: MREIT

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Megaworld raises P1.86B from stakes sale

Corporate Context.ph Context.ph -
Megaworld Corp. cashed in on two portfolio investments, raising a combined P1.86 billion and boosting fresh capital for the listed property arm of billionaire Andrew Tan.

MREIT bulked up with prime offices

Corporate Context.ph Context.ph -
MREIT, Inc., the real estate investment trust of Megaworld Corp., is expanding its footprint after its board approved the infusion of nine Grade A office buildings through a property-for-share swap valued at P16.22 billion.

Capital boost sets stage for MREIT expansion

Markets Context.ph Context.ph -
MREIT, Inc., the real estate investment trust of Megaworld Corp., has secured regulatory approval to raise its authorized capital stock (ACS) to P8 billion from P5 billion, clearing a major hurdle as it gears up for its next round of property infusions.

MREIT to hike capital to P8B for expansion

Corporate Context.ph Context.ph -
MREIT Inc., the real estate investment trust of billionaire Andrew Tan, has filed an application with the Securities and Exchange Commission to raise its...

Megaworld to reinvest MREIT proceeds in townships

Corporate Context.ph Context.ph -
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...
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US awards $34.1M to expand Philippine ube industry

Agriculture 0
The US has awarded USD34.1 million to strengthen the Philippines’ ube industry, with more than 12,500 Filipino farmers expected to benefit over five years as international demand grows for the purple yam used in food and beverage products.

Japan financing eyed to ease Philippine energy, logistics costs

Energy & Mining 0
The Philippines is seeking Japanese financing and investment to reduce energy and logistics costs, with the Luzon Economic Corridor emerging as a priority under a renewed partnership between the Department of Finance (DOF) and Japan Bank for International Cooperation (JBIC).

EV brands expand Philippine lineups as oil prices rise

Mobility 0
More than 15 automotive brands are showcasing electric vehicles (EVs) at the 14th Philippine Electric Vehicle Summit, underscoring growing competition in the local market as rising global oil prices sharpen the economic case for alternatives to imported fuel.

Eala loses in Ningbo, but wins a spot in rankings

Sports & Entertainment 0
Alex Eala may have run out of answers against fellow southpaw Diana Shnaider in Ningbo, but her China campaign still delivered a little consolation: a one-place climb in the world rankings.

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