News

Vista Land Q3 profit jumps 13%

VISTA LAND & Lifescapes, Inc. expanded its earnings by 13% in the third quarter, as its real estate sales continued to grow. The Villar-led property developer posted a P3.16-billion attributable net income in the July to September period, from P2.87 billion a year ago. Consolidated revenues climbed 7% to P10.96 billion as expenses rose 12% to P6.98 billion during the sam...

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New Megaworld condo to generate P5.2-B sales

MEGAWORLD Corp. is targeting to raise P5.2 billion in sales from a new residential condominium project in Sta. Cruz, Manila. In a statement, the listed property developer said it launched the 34-storey Kingsquare Residence within the San Lazaro Tourism and Business Park. The residential tower will offer 961 units, composed of studio type, which will span up to 31 square mete...

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AllHome opens 3 new stores

ALLHOME Corp. said it is on track to hit its target of having 70 stores by next year as it opened three new stores in October. The Villar-led retail company said in a statement yesterday it is well on its way to reach its goal of securing a 7.1% market share in the home improvement industry by next year as it continues store expansion across the country. “We remain con...

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Aboitiz reports 15.7B net income in 9 months

ABOITIZ Equity Ventures Inc.’s (AEV’s) net income for the first nine months of 2019 was P15.7 billion, nine percent lower than the P17.3 billion recorded during the same period last year. AEV recognized non-recurring losses of P155 million, lower than the previous year’s P407 million, representing net foreign exchange and derivative losses. Without the...

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Aboitiz Group sees better prospects for 2020

MANILA, Philippines — After a challenging 2019, the Aboitiz Group sees better prospects next year amid new developments and projects coming on stream, particularly in the power business. The group has faced a lot of challenges this year, but “new and exciting things” are happening next year, Aboitiz Equity Ventures Inc. (AEV) chief financial officer Manuel Lozano sai...

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Connectivity and convenience for investors and residents alike in ARCA South

Ayala Land, the country’s prime developer of sustainable estates, is currently developing a part of the old Food Terminal Incorporated (FTI) complex located along the East Service road of the South Luzon Expressway into a 74-hectare large-scale, master-planned, mixed-use premiere estate called ARCA South. This is after its successful transformation of a military training base headquarters...

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