Tag: Share Buyback

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.

The Philippines and Singapore have officially launched negotiations to modernize their 1977 Double Taxation Agreement (DTA), aiming to align the decades-old treaty with current global economic conditions and deepen bilateral investment ties.

Megawide Corp. has joined the growing list of Philippine listed firms initiating share buyback programs, announcing a P2 billion plan to repurchase its common shares on the open market. 

Converge ICT’s prepaid broadband brand, Surf2Sawa (S2S), has hit 500,000 active subscribers two years post-launch, highlighting a significant shift in the Philippine internet market toward flexible, budget-conscious connectivity solutions. This reflects changing consumer behavior, as affordability and on-demand access increasingly drive broadband adoption.