Megaworld Earmarks Php55B for Projects, Land Banking this Year

Makati—(PHStocks)—Megaworld Corp. (PSE: MEG), along with its subsidiary brands Global-Estate Resorts Inc. (PSE: GERI), Empire East Holdings Inc. (PSE: ELI), and Suntrust Properties Inc., are allocating PhP55 billion in capital expenditures (CAPEX) this year as it aggressively expands its rental portfolio, particularly its mall and office businesses. Seventy-five percent of the capital spending for the […]
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Megaworld 1H 2015 Net Income Hits PhP5.43B

Manila—(PHStocks)—Megaworld Corp. (PSE: MEG), the Philippines’ biggest developer of integrated urban townships and the largest lessor of office spaces, achieved a net income of PhP5.43‐billion during the first half of 2015, 12.51% higher than PhP4.82‐billion (net of PhP11.62‐billion non‐recurring gain) during the same period last year. The company’s aggressive expansion of its pioneering concept of integrated urban townships and mixed‐use […]
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Megaworld Enters Tourism Business after GERI Acquisition

Manila—(PHStocks)—Megaworld Corp. (PSE: MEG) has further expanded its development portfolio as it officially enters the tourism sector with the acquisition of majority stakes of Global-Estate Resorts Inc. (GERI), the country’s biggest tourism estate developer. The company now owns 80.4 percent of GERI. With the majority acquisition of GERI, Megaworld has added around 3,000 hectares to […]
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PHStocks Week in Review: PH Stocks End Lower

Manila—(PHStocks)—Philippine stocks ended June’s first week of trading up by 1.73% from last week, which saw massive sell-off that drove the index down to 6,600 level. The benchmark Philippine Stock Exchange index (PSEi) closed the session at 6,762.62 today, 6 June, down by 0.14% or 9.82 points from the previous day’s session, but showing stability after […]
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PH Stocks Climb

Manila—(PHStocks)—After the sellout in the previous trading day, Philippine stocks recovered and climbed back to 6,600 levels Tuesday, 15 April. The Philippine Stock Exchange index (PSEi) rose by 0.49% or 32.11 points to close the session at 6,621.66. All counters finished in the green, led by the Financials, which gained 1.17%; followed by Mining and […]
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PH Stocks Take Pause on Profit Taking

Manila—(PHStocks)—Philippine stocks take a breather on Wednesday, 18 September, as investors lock in their gains. The benchmark Philippine Stock Exchange index (PSEi) shed 10.18 points or just 0.16% to close today’s trading at 6,333.96 – maintaining its foothold at the 6,300 level. On sectoral basis, the Financials led the gainers, posting a 0.95% increase, while […]
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PHStocks Week in Review: Strong 2013 Opener

Manila—(PHStocks)—The Philippine stock market has been nothing but phenomenal this week. The strong year-end trading on December 28 was followed by record high upon record highs during the first three trading days of 2013, finally capping the week at 5,971.45 points, up by 0.63% from 5,934.05 points last Thursday, January 3, and up by 2.73% […]
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Empire East, Okada Group Form JV for High-end Residential Development in Entertainment City Manila

Makati—(PHStocks)—Empire East Land Holdings Inc. (PSE: ELI) has signed a joint venture agreement with Okada Group, Tiger Resort Leisure and Entertainment Inc. and Eagle 1 Landholdings Inc. to take the lead with a majority stake in the development of a 12.95-hectare luxury residential resort condominium project in Entertainment City Manila. The high-end project will comprise […]
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