TWO LISTED developers yesterday reported mixed first-half results, with Megaworld Corp. posting a profit drop on weakened revenues, while Filinvest Land, Inc. fared better with a double-digit earnings … [Read more...]
DMCI in bid to take over British mining company
August 9, 2012 by Leave a Comment
MANILA, Philippines—DMCI Holdings is leading a consortium that plans to take over UK-listed nickel production company ENK Plc, which is developing the Acoje mining project in Zambales, in a deal … [Read more...]
Eton shares remain suspended at PSE
August 6, 2012 by Leave a Comment
TRADING OF Eton Properties Philippines, Inc. shares remain suspended even as it has submitted its overdue 2011 annual report, this time as it has yet to disclose results for the first quarter. “As … [Read more...]
Belle records drop in H1
August 6, 2012 by Leave a Comment
LEISURE PROPERTY developer Belle Corp. realized a double-digit profit drop in the first semester versus year-ago levels on weaker real estate revenues and higher administrative expenses, a filing with … [Read more...]
Rockwell Climbs to 12-Week High on Profit Forecast: Manila Mover
August 4, 2012 by Leave a Comment
Rockwell Land Corp. (ROCK) advanced to a 12- week high in Manila trading after the Philippine builder’s President Nestor Padilla said profit may double in two years. Rockwell climbed 31 percent … [Read more...]
ALI’s H1 Profits Rise 28%
August 4, 2012 by Leave a Comment
MANILA, Philippines — Property giant Ayala Land, Inc. (ALI) reported its net income grew by 28 percent to P4.33 billion in the first half of 2012 from the P3.38 billion posted in the same period … [Read more...]
Vista Land raising P300M more on top of P4.5B five-year notes
August 1, 2012 by Leave a Comment
The investment holding firm of the Villar family, Vista Land & Lifescapes (VLL), is raising P300 million more from its oversubscribed five-year corporate notes, which was last pegged at P4.5 … [Read more...]
SMDC Posts P2.7-B Quarter Profit
August 1, 2012 by Leave a Comment
MANILA, Philippines — SM Development Corporation (SMDC), the residential property arm of the SM Group, reported that its 2012 first half consolidated net income increased by 38 percent to P2.7 … [Read more...]
Property boom transforming Philippine skylines
July 24, 2012 by Leave a Comment
MANILA, Philippines—As a Philippine property boom gathers pace, even Paris Hilton, Donald Trump and high-fashion house Versace are getting a piece of the action. The good times are into their … [Read more...]
Okada, Tan in P45B property deal
July 18, 2012 by Leave a Comment
MANILA, Philippines—Property magnate Andrew Tan has teamed up with Japanese tycoon Kazuo Okada to build a P45-billion upscale residential condominium complex as a key component of the latter’s … [Read more...]
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