Latest News
May 21, 2022
Office opening rate hits new record high in Q1
A news from Philstar Global
-- The overall office vacancy rate in the country posted a new high in the first quarter as fresh office space supply entered the market and as tenants continued to exit, a study by a global property research firm showed.
May 21, 2022
PLDT wants the Makati building removed from the heritage list so that it can be redeveloped.
A news from INQUIRER.NET -- Telecommunications giant PLDT Inc. has filed a petition to remove the “important cultural property” (ICP) label on its headquarters — the Ramon Cojuangco Building (RCB) which was designed by National Artist for Architecture Leandro V. Locsin in 1974 and was completed in 1982.
May 20, 2022
Return-to-office orders could lead to rush of top talents in Philippines
A news from BusinessWorld
-- JOHN GABRIEL GALANG-PILAPIL, 22, finally returned to his office on March 6 after working from home for the past two years amid a coronavirus pandemic.
May 20, 2022
BIR inspects call centers to ensure they are following the return-to-onsite work order
A news from INQUIRER.NET -- The Bureau of Internal Revenue (BIR) has formed a task force that started checking on compliance with the 100-percent return-to-workplace rule among business process outsourcing (BPO) firms who had decided to keep their tax perks.
May 19, 2022
Megaworld: Issues with BIR "fixed"
A news from The Manila Times
-- MEGAWORLD Corp. said it has "clarified and resolved" the alleged issues it has with the Bureau of Internal Revenue (BIR) and stressed that the company has no outstanding past tax liabilities.
May 19, 2022
VREIT's IPO has been approved by the Philippine Stock Exchange
A news from Philstar Global -- It’s all systems go for the initial public offering of Villar-backed VistaREIT Inc. (VREIT) after the Philippine Stock Exchange Inc. (PSE) gave its green light.
May 18, 2022
BIR holds closure order opposed to Megaworld
A news from The Manila Times
-- THE issuance of a closure order against Megaworld Corp. has been "held in abeyance" by the Bureau of Internal Revenue (BIR).
May 18, 2022
Profit margins of Sia's listed companies have increased significantly.
A news from Business World -- THREE listed companies led by Edgar J. Sia II reported strong profit growth in the first quarter, including his property leasing business DoubleDragon Corp., which reported a 5.7% increase in net income attributable to parent firm equity holders to P469.26 million.
May 17, 2022
Construction project rebounds in Q4 2021
A news from The Manila Times
-- CONSTRUCTION activity grew in the fourth quarter of last year, the Philippine Statistics Authority reported last Friday, rebounding from year-earlier contraction when much of the country remained under strict quarantine restrictions due to the Covid-19 pandemic.
May 17, 2022
Megaworld's Q1 earnings increased by 30% to PHP 3.1B
A news from Philstar Global -- Integrated property developer Megaworld reported a 30 percent growth in net income to P3.1 billion in the first quarter from only P2.4 billion last year.
May 14, 2022
DoubleDragon profits increase 87% to P11.3 billion
A news from Philstar Global
-- DoubleDragon Corp., the flagship holding firm of tycoon Edgar “Injap” Sia II, reported a consolidated net income of P11.3 billion last year, up by 87.2 percent.
May 14, 2022
Ayala's profit for Q1 2022 jumps 45% to PHP 7.8B
A news from Manila Bulletin -- Ayala Corporation, the country’s oldest conglomerate, reported a 45 percent jump in attributable net income to P7.8 billion in the first quarter of 2022 from P5.4 billion in the same period last year.
May 13, 2022
MANILA – The Philippine Economic Zone Authority (PEZA) has approved a total of PHP8.14 billion in investments from January to March this year.
A news from Philippine News Agency
The Philippine Economic Zone Authority (PEZA) has approved a total of PHP8.14 billion in investments from January to March this year.
May 13, 2022
RLC operating income increase by 12% in Jan-March
A news from The Manila Times
-- LISTED Robinsons Land Corp. (RLC) on Wednesday reported a 12-percent higher operating income from domestic operations at P2.29 billion in January to March.
May 13, 2022
Robinsons Land Corporation allocates PHP 25.5B for capex
A news from Manila Bulletin -- Robinsons Land Corporation, one of the country’s leading developers, is allotting P25.5 billion for capital expenditures this year, about the same amount it spent in 2021, as it gears up for a recovery in the economy.
May 12, 2022
PEZA fears increasing 'Underground' IT-BPO operation
A news from Philippines News Agency
-- The Philippine Economic Zone Authority (PEZA) has received reports that registered information technology and business process outsourcing (IT-BPO) companies are losing their employees to “underground” IT-BPO entities operating in a work-from-home (WFH) set-up.
May 12, 2022
RLC's operating profit is proximate to 2019 level
A news from Manila Bulletin -- Robinsons Land Corporation (RLC), a leading diversified real estate company in the Philippines, reported a net income of P1.74 billion for the first quarter of 2022 from P2.9 billion in the same period last year.
May 11, 2022
Construction resumption boosts SE Asia aggregates markets
A report from AGG BUSINESS -- Pandemic restrictions reduced demand for quarry materials in Vietnam, Thailand, and the Philippines, but the resumption of large infrastructure projects in the area is recovering aggregates demand to pre-COVID levels.
May 11, 2022
Demand for office space outside NCR seen to step up
A news from Business World
-COMPANIES, especially call centers, are looking outside the National Capital Region to set up their offices, property consultants said, as they see a trend for the market to expand to other major cities.
May 11, 2022
Vista Residences' The Spectrum adds luster, value to developing Ortigas business districts
A news from INQUIRER.NET
-- It used to be largely unused and barren, a wasteland in fact. But thanks to its strategic location, it progressively transformed into a thriving central business district, where many local businesses, multinational companies and residential developers have set up shop.
