SEC approves first ever listing of a REIT company
Property giant Ayala Land Inc. has obtained approval from the Securities and Exchange Commission (SEC) to bring to public hands the country’s very first real estate investment trust (REIT) that…
BIR moves to plug tax leaks from related-party transactions
To plug hefty tax leakages from local and foreign deals involving related parties, the Bureau of Internal Revenue (BIR) on Friday mandated reporting of these types of transactions. The country’s…
At P5,000 each, 5-yr retail treasury bonds for sale starting July 16 via app, online channels
The Bureau of the Treasury will auction off an initial P30 billion in five-year retail treasury bonds (RTBs) on July 16 before making these available to small investors on a…
DOF warns of cybercrime surge as pandemic drives hike in online money transactions
As more and more Filipinos go online for their financial transactions amid the COVID-19 pandemic, officials have warned of a surge in cybercrime as criminals also adjust to this “new…
Banks do part in BSP’s e-payment thrust, waive service fees
Clients of some of the country’s biggest banks will get for free the services of two major digital payment channels until the end of the third quarter as some financial…
Zobel: harness science, tech to create “better” normal
Ayala Corp. chair and CEO Jaime Augusto Zobel de Ayala As the world continues to battle the ongoing coronavirus (COVID-19) pandemic, the Philippines can harness science and technology to create…
Neda chief Chua: ECQ impact on economy ‘more severe than expected’
The Philippines is bracing for an even worse-than-expected drop in the gross domestic product (GDP) in the second quarter as the country’s chief economist on Friday said the COVID-19 lockdown…
Asian stocks sink after Wall St losses on economy worries
BEIJING — Asian stock markets followed Wall Street lower Friday on worries economic recoveries might fade as coronavirus cases increase in the United States and some other countries. A man…
P17B IPO eyed for DoubleDragon’s DD Meridian Park REIT
DD Meridian Park, DoubleDragon’s most valuable property Property developer DoubleDragon Properties Corp. is set to infuse its single most valuable property portfolio – DD Meridian Park in Pasay City –…
SEC oks first REIT listing
ALI top brassL-R top to bottom: ALI vice-chair Jaime Augusto Zobel de Ayala, chair Fernando Zobel de Ayala, president Bernard Vincent Dy, chief financial officer Augusto Bengzon at the ALI…