News

Tower of debt: Villar’s Vista Land most vulnerable among Big Six property firms to the economic fallout from a POGO ban

Posted on Thu, Oct 6, 2022 11:58 AM by DR. SAMUEL O. LAO in Real Estate News

Vista Land & Lifescapes (VLL) of ultra bilyonaryo Manny Villar might have limited exposure to Philippine Offshore Gaming Operations (POGO), but it is the most at risk to an economic fallout from the proposed ban on Chinese-backed tenants. VLL has the biggest loan exposure among the country’s top property companies with a net debt to equity ratio of 128 percent. The rest of the Big...

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SM Prime back to charging full mall rental fees

Posted on Tue, Aug 9, 2022 1:50 PM by DR. SAMUEL O. LAO in Real Estate News

  For the first time since the March 2020 lockdowns, property giant SM Prime Holdings resumed charging full rental fees across its local shopping mall chain in the second quarter, clearing the road toward earnings recovery after paying the hefty price of moratorium and discounts that kept tenants afloat. With the relaxation of quarantine protocols now bringing back the usual crowd to sh...

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How to Raise a Future Billionaire, According to Injap Sia

Posted on Mon, Jul 11, 2022 2:48 PM by DR. SAMUEL O. LAO in Real Estate News

Mang Inasal is as familiar to Filipinos as any other fast food chain. But did you know that it was only founded in 2003? Then, just seven years later, Jollibee Foods acquired 70 percent of the company for P3 billion. Last year, Jollibee acquired the remaining 30 percent for P2 billion.  The man behind this great success is Edgar “Injap” Sia II, who built the first Man...

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How Converge Founder Dennis Uy’s Passion For Electronics Made Him A Billionaire

Posted on Thu, Jul 7, 2022 11:23 AM by DR. SAMUEL O. LAO in Real Estate News

From being a maintenance boy in his uncle’s supermarket, Dennis Anthony Uy rose to become the founder of Converge ICT Solutions, one of the Philippines’ largest operators of high-speed internet. Like the rags-to-riches life story of Henry Sy Sr., Dennis’ family also migrated to the Philippines from China in 1978. He was 11 years old when he arrived in the country, along with h...

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Green, secure, affordable power: Ricky Razon’s MORE taps clean energy from EDC

Posted on Sat, Jul 2, 2022 11:28 AM by DR. SAMUEL O. LAO in Real Estate News

Iloilo City residents will soon enjoy a stable source of clean energy with ultra bilyonaryo Enrique Razon-led More Electric and Power Corp. signing a 20-megawatt (MW) mid-merit supply from Energy Development Corp. The five-year power supply deal, which starts on July 25, will come from EDC’s Unified Leyte Geothermal Power Plant, one of the company’s most extensive geothermal facilit...

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Megaworld further ramps up office portfolio in Iloilo

Posted on Mon, Feb 3, 2020 2:12 PM by DR. SAMUEL O. LAO in Real Estate News

MANILA -- Megaworld, the country's largest developer and lessor of office spaces, is ramping up its office inventory inside the 72-hectare Iloilo Business Park in Mandurriao, Iloilo City. The company is launching two new office towers -- Enterprise One and Enterprise Two -- each 12-storey high right along the bustling stretch of Megaworld Boulevard in the city's modern business park....

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