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When will AREIT shareholders get the benefit of the injected properties?
The best summary of the timeline of the AREIT property-for-share swap that I found was in the Information Statement that AREIT submitted to the PSE’s EDGE disclosure server on January 10......»»
AREIT maintains dividend dominance
AREIT declared a Q4/23 dividend of P0.55, payable on March 20 to shareholders of record as of March 4......»»
AREIT eyes up to P9 billion additional share offering
AREIT Inc. is planning a follow-on offering or private placement of shares to boost its public float which would decrease following a major property-for-share swap transaction with its sponsor Ayala Land Inc......»»
Ayala Land sells P5.6-B worth of AREIT in discount block sale
Ayala Land disclosed that it sold 181 million shares of its subsidiary, AREIT, at P31.10/share which was a 7.2% discount to the previous day’s closing price......»»
AREIT completes P1.2-B cash acquisition of 153-room Seda Lio resort hotel
AREIT announced that it completed the acquisition of the 153-room Seda Lio resort-hotel in El Nido from subsidiaries of its sponsor, Ayala Land......»»
AREIT acquires Seda LIO
AREIT acquires Seda LIO.....»»
Hotel101 signs merger deal
Hotel101 signs merger deal.....»»
Capitol signs deal to build 150-MW solar farm
Capitol signs deal to build 150-MW solar farm.....»»
DPWH tallies 268 gov’t and school buildings partially destroyed in Hinatuan quake
The Department of Public Works and Highways (DPWH) in Davao Region reported that a total of 268 school and national government buildings were partially destroyed by the magnitude 7.4 earthquake that struck Hinatuan, Surigao del Sur on December 2. The estimated damage amounted to P108,497,894.84 for school buildings and P1,899,365.60 for national government buildings. The damages included cracks on walls and falling debris such as ceilings. According to Engr. Alexander Turingan of DPWH XI, there were no reported damages in Davao Occidental and Davao del Sur. Franz Irag, Office of Civil Defense (OCD) XI operations head, emphasized the importance of addressing damages to school buildings, which also serve as evacuation centers during calamities. Dean Ortiz, spokesperson of DPWH XI, highlighted the agency's focus on national roads and bridges, clarifying that they will respond to requests to inspect private and government buildings. Architect Kashagar Toghyani, officer-in-charge of the Office City Building Official (OCBO) of Davao City, urged private building owners to promptly engage professional engineers to assess structural integrity, especially for buildings housing more than 10 individuals. He emphasized the necessity of fire inspections and transparency with building occupants to ensure their safety. The recent earthquakes did not affect government buildings in the Davao Region, and DPWH is committed to conducting thorough assessments and ensuring the safety of buildings and their occupants in the aftermath of the quake......»»
CPA issue: Cebu City to file cases for alleged violations, multiple illegal constructions
CEBU CITY, Philippines – The Office of the Building Official (OBO) in Cebu City has taken legal action against the Cebu Port Authority (CPA) for the alleged multiple violations related to unauthorized construction activities within the port area. This action comes after CPA persisted in building multiple buildings in the port area without the necessary.....»»
Cebu FC signs Özata, Öztürk
Cebu FC signs Özata, Öztürk.....»»
PLDT buys 35% of Meralco unit
Telco giant PLDT Inc. is showing no signs of slowing down its broadband expansion, this time investing P2.12 billion to acquire more than a third of shares in a sister subsidiary......»»
Cebu City council seeks halt to CBRT construction due to heritage concerns
CEBU CITY, Philippines – The Cebu City Council resolved to halt the ongoing civil works of the Cebu Bus Rapid Transit (CBRT) project at the Cebu Provincial Capitol, citing concerns that the construction poses a visual intrusion on the iconic building. Vice Mayor Raymond Alvin Garcia brought forth the motion, urging the Office of the.....»»
Balamban site is for road project, not Capitol bldg – Gwen
CEBU CITY, Philippines – The cleared site in Barangay Cambuhawe, Balamban, in western Cebu, is not for the new Capitol building, but for nationally funded road projects. Cebu Provincial Governor Gwen Garcia made this clarification after photos of a deforested mountain in Balamban, initially thought to be the site development of the new Capitol building,.....»»
Government tackling high construction costs
The Government is focused on reducing sky-high construction costs to make it more affordable to build a home, Building and Construction Minister Chris Penk says. Stats NZ data shows the cost of building a house has increased by 41 per cent since 2019, making housing even more unaffordable for Kiwi families."Further analysis shows building costs are consistently higher.....»»
Lapu-Lapu drug test: Tourism office JO positive for illegal drugs
LAPU-LAPU CITY, Cebu- One tested positive for using illegal drugs during a surprise drug test conducted by the City of Lapu-Lapu Office for Substance Abuse Prevention (CLOSAP) on Friday, March 15, for the occupants of the Tourism, Historical, and Cultural Affairs Commission (TCHAC) building. The government structure is occupied by tourism office personnel and employees.....»»
Balai Ni Fruitas acquires Sugarhouse
Balai Ni Fruitas, a subsidiary of the Lester Yu-controlled Fruitas, disclosed that it will acquire the bakeshop Sugarhouse in a deal that is scheduled to close by the end of the month......»»
Citicore Energy REIT doesn’t deny report of potential 30% stake sale
Citicore Energy REIT responded to a Biz Buzz article that claimed a “blue chip conglomerate” (BCC) was in negotiations to acquire “a little less than 30%” of CREIT in a deal that would be completed “in the coming days or weeks”......»»
Capital One to Acquire Discover for $35 Billion in Merger of Major US Credit Card Companies
Capital One Financial has announced plans to purchase Discover Financial Services in a landmark deal valued at $35 billion. The acquisition, which will be an.....»»
Korean national dies after falling from Mactan building
LAPU-LAPU CITY, Cebu- A Korean national died after he reportedly fell from the second floor of a building in Mactan Newtown, in Barangay Mactan, Lapu-Lapu City. The incident was reported to the police at 1:10 a.m. on Saturday, January 27, 2024. Police Lieutenant Colonel Christian Torres, spokesperson of the Lapu-Lapu City Police Office (LCPO), said.....»»