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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......»»
Bloomberry subsidiaries complete deal with GGAM
Subsidiaries of Enrique Razon’s Bloomberry Resorts Corp. have completed their settlement agreement with casino management firm Global Gaming Philippines LLC following the execution of a block sale amounting to P16.8 billion......»»
Quest Hotel and Conference Center Cebu highlights sustainability for its guests and the future
With a sustainability initiative dubbed as “Today and Beyond”, Quest Hotel together with its subsidiaries under its management company, Chroma Hospitality Inc., aims to protect the environment to secure a better future for its guests, properties, and communities around them. Sustainability Efforts General Manager, Mia Singson-Leon explained that they no longer have plastic straws, stirrers,.....»»
Bloomberry ends dispute with GGAM
Subsidiaries of Enrique Razon’s Bloomberry Resorts Corp. have ended their decade-long dispute with casino management firm Global Gaming Philippines LLC, reaching a universal settlement which includes a $300 million special block sale......»»
Bloombery ends dispute with GGAM
Subsidiaries of Enrique Razon’s Bloomberry Resorts Corp. have ended their decade-long dispute with casino management firm Global Gaming Philippines LLC, reaching a universal settlement which includes a $300 million special block sale......»»
AUB profit hits record high in 2023
Rebisco-led Asia United Bank and its subsidiaries boosted earnings by 32 percent to a record high of P8.3 billion in 2023, from P6.3 billion in 2022......»»
MPBL: Manila nips Caloocan as Davao, Quezon book wins
Filipino-American DJ Mitchell drilled in a deep corner triple while Carl Bryan Cruz canned two charities in the last 39 seconds to lift Manila past debuting Caloocan, 69-66, in the 6th MPBL (Maharlika Pilipinas Basketball League) Season......»»
BDO readies SMC financial war chest for NAIA
The country’s largest bank is preparing the financing package that will fund the P122.3-billion rehabilitation of the Ninoy Aquino International Airport (NAIA), with San Miguel Corp. (SMC) just weeks away from signing the concession for the project on March 18......»»
CREBA hands out awards in golden year celebration
The Chamber of Real Estate and Builders’ Association Inc. the country’s oldest and largest property advocacy group, handed out awards to the best developers of the decade and trailblazers in the industry during its golden founding anniversary celebration recently......»»
PSA-RSSO 8 sweeps 6 major accomplishments in 2022 PSA Awards
The Philippine Statistics Authority -Regional Statistical Services Office VIII (PSA-RSSO 8) was among 17 other regions in the country that garnered major accolades during the 2022 PSA Awards held during PSA 10th Anniversary Celebration at PSA Central Office......»»
Notes on the beat: Behind the scenes in the NAIA bidding
It may have been the fastest privatization of a big-ticket government asset, but it certainly was far from being seamless......»»
Public sector banks doing better in managing NPAs vis-a-vis their private counterparts: FICCI-IBA survey
New Delhi [India], March 21 (ANI): Public sector banks in India are doing better in comparison to their private sector counterparts in terms of non-performing assets, a survey conducted by industry body FICCI and banking association Indian Banks' Association (IBA) found. A nonperforming asset refers to loans or advances that are on the brink of default. According to the survey, a large majority (77 per cent) of the respon.....»»
DPWH to fund P5.385B worth of projects in Lapu-Lapu in 2025
LAPU-LAPU CITY, Cebu — The Department of Public Works and Highways (DPWH) will fund P5.385 billion worth of projects for Lapu-Lapu City in 2025. These projects were submitted to Mayor Junard “Ahong” Chan during its City Development Council (CDC) meeting. The amount has four components, which consist of the Asset Preservation Program, National Road Network.....»»
Philippines mulls defense asset acquisition from Sweden
The Philippines, through the Department of National Defense , is exploring the possibility of acquiring defense assets from Sweden......»»
New DCPO chief to focus on personnel morale, asset optimization
THE Davao City Police Office (DCPO) bid farewell to PCol. Alberto Lupaz and welcomed its new City Director, PCol. Richard Bad-ang, in a turn-over ceremony at the Camp Captain Domingo E. Leonor on March 22......»»
Government raises P330 million from asset disposals in 2023
The Philippine Deposit Insurance Corp. raised some P330 million from disposing assets of padlocked banks last year......»»
PNB asset sale seen to yield P5.4 billion
Philippine National Bank will raise at least P5.41 billion from the disposition and monetization of foreclosed assets in Makati, Mandaluyong and Quezon City next month......»»
AbaCore raises P200 million from asset sale
Listed holding company AbaCore Capital Holdings Inc. has raised P200 million from the sale of another Batangas property......»»
Metrobank profit rises by 14 percent to P12 billion in Q1
Earnings of Metropolitan Bank & Trust Co. went up by 14 percent to P12.1 billion in the first quarter from P10.6 billion in the same quarter last year, largely due to the consistent growth of its lending portfolio, better operational efficiencies as well as stable asset quality......»»
CREIT income rises to P1.4 billion in 2023
Robust revenues driven by its green asset portfolio expansion boosted earnings of Citicore Energy REIT Corp. by 12 percent to P1.4 billion in 2023......»»