Bob Mangat and CEO & Founder of the 1440 Group, a real estate investment and development firm in Vancouver, BC Canada. For individuals who want to invest in commercial real estate, but may lack the stomach to go all-in individually, or even to have the bulk of liability for a new entity, a real estate limited partnership may offer the right risk-reward ratio—keeping mor...
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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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Energy Secretary Raphael Lotilla welcomed the Department of Justice (DOJ) opinion that relaxes foreign ownership restrictions in renewable energy sector. DOJ has opined that exploration, development, and utilization of inexhaustible RE sources are not subject to the 60:40 foreign equity limitation as provided under Section 2, Article XII of the Constitution. The DOJ also noted that the &ldqu...
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Mister President, Excellencies I am Ferdinand Marcos, President of the Republic of the Philippines. I stand today on behalf of 110 million Filipinos. At this time of crisis and opportunity, I bring with me the spirit of their enduring commitment to the ideals of our United Nations. This commitment is reflected in our solid contributions to the cause of peace and of justice. By shepherd...
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Inflation in the Philippines slowed down for the first time in six months to 6.3 percent in August from 6.4 percent in July, according to the Philippine Statistics Authority. National Statistician Dennis Mapa said the slight easing was mainly due to slower increases in transport fares and in the prices food and non-alcoholic beverages, especially vegetables, meat and fish. Inflatio...
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THE Marcos administration intends to complete 73 big-ticket infrastructure projects, costing P4.05 trillion, which were not finished during the previous administration, according to the National Economic and Development Authority (Neda). In a presentation at the organizational meeting of the House Committee on Flagship Programs and Projects, Neda Assistant Secretary for Investment Programming R...
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