Philrealty drops property-for-share deal with affiliate
A deal back in 2018 made by property developer Philippine Realty and Holdings Corp. (Philrealty) to take over some real estate assets of affiliate Meridian Assurance Corp. (MAC) has been…
Manila Water set to issue ‘sustainability bonds’ overseas
Manila Water Co. Inc. is considering issuing US dollar-denominated “sustainability bonds” abroad, intended for refinancing debt and funding their capital expenditure for this year and next. Manila Water made the…
AREIT IPO priced at P27 per share
Ayala Land-sponsored AREIT Inc., the first real estate investment trust (REIT) to debut on the local stock exchange, has priced its initial public offering at P27 per share. This finalizes…
Qatar Airways sues, seeks $5B from boycotting countries
DUBAI — Long-haul carrier Qatar Airways said Wednesday it launched international arbitration seeking at least $5 billion from four boycotting Arab countries for blocking its flights from their airspace and…
Air traffic for world’s busiest Jeju-Seoul route falls by 30%
Passengers wearing masks arrive at Jeju International Airport. (Yonhap) SEOUL — In the midst of the coronavirus pandemic, traffic for the world’s busiest air route between Seoul and Jeju fell…
S. Korea revises tax rules to respond to post-coronavirus economy
Deputy Prime Minister and Finance Minister Hong Nam-ki. (Yonhap) SEOUL — South Korea on Wednesday unveiled a set of revised taxation rules aimed at better dealing with the widening economic…
KidZania Manila to close by Aug 31 this year
MANILA, Philippines – ABS-CBN Corp. is permanently closing down the KidZania Manila children’s theme park in Bonifacio Global City by the end of August 2020, ending a five-year run. The…
Cohousing offers an opportunity to invest in sustainable homes and a strong sense of community
In a cohousing venture, here the Quatre Vents development in Toulouse, people create an intentional community when they come together to buy, build or renovate a group of dwellings with…
Japan giving 2 PH hospitals more lab equipment, supplies for coronavirus testing
MANILA, Philippines—Japan will give two Philippine health institutions new laboratory equipment and supplies to ramp up testing and boost the fight against COVID-19. In a statement on Wednesday (July 22),…
First-half budget deficit swelled as COVID-19 dole outs hiked gov’t spending
MANILA, Philippines — The national government’s budget deficit swelled by 1,214 percent to P560.4 billion during the first half as COVID-19-related expenditures jacked up public spending, and even as the…