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