GERI to Develop PhP8B ‘Integrated Lifestyle Community’ in Caliraya

Megaworld Corp. (PSE: MEG), through its subsidiary Global-Estate Resorts Inc. (PSE: GERI), announces its second “integrated lifestyle community (ILC)” development in Lumban-Cavinti, Laguna, surrounding Lake Caliraya. To be called The Hamptons Caliraya, the 300-hectare development will be composed of lakeside residential villages and villas, a town center, two 18-hole golf courses and clubhouse, and a […]
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PHStocks Exclusive: Top 30 Best Performing Stocks in June

Manila—(PHStocks)—It’s that time of the month again to see who the best and worst performing stocks are over the past month of trading. For the month of June, below are the top 30 best performing stocks. (As always, the list is based on the price performance of stocks based on their closing price at the […]
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GERI to Quadruple Rental Income in Three Years

Manila—(PHStocks)—Global‐Estate Resorts Inc. (PSE: GERI), a subsidiary brand of Megaworld Corp. (PSE: MEG), expects its rental income to grow four times by 2020 as its opens new commercial centers and office towers in its various tourism estates across the country. This year, the company’s rental income is expected to reach PhP150‐million, coming from office and […]
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AGI to Spend More than PhP150B for Two-year Expansion Programs Across Businesses

Manila—(PHStocks)—Alliance Global Group Inc. (PSE: AGI), the investment holding company of tycoon Dr. Andrew L. Tan, is allocating more than P150-billion for this year until 2017 to finance the various expansion plans of its companies. “We continue to be optimistic about what lies ahead. That is why we have kept an aggressive capex plan moving […]
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Megaworld’s GERI Spending PhP10B to Complete Five Hotels by 2019

Manila–(PHStocks)–Tourism and leisure township developer Global-Estate Resorts Inc. (PSE: GERI), a subsidiary brand of property giant Megaworld Corp. (PSE: MEG), is expected to complete five hotels in its townships in Boracay and Alfonso, Batangas near Tagaytay in the next three years. Four of these hotels are within Boracay Newcoast, a 150-hectare integrated tourism and leisure township […]
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Alliance Global Records PhP5.3B Net Income in 1Q 2016

Manila—(PHStocks)—Alliance Global Group Inc. (PSE: AGI) posted a net income of PhP5.3 billion in the first three months of this year, about 5% lower from its level a year ago, as consolidated revenues were generally steady at PhP33.1 billion. “We executed well in the first quarter despite the heavy external headwinds and the initial uncertainty leading to the […]
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Megaworld Q1 Income Up 12.13% to PhP2.63B

Manila—(PHStocks)—Property giant Megaworld Corp. (PSE: MEG), the Philippines’ leading developer of integrated urban townships and the biggest lessor of office spaces, grew its net income by 12.13% to PhP2.63‐billion in the first quarter of 2016, from PhP2.35‐billion during the same period last year. Megaworld’s rental business boosted the company’s first quarter growth, with revenues soaring to an all‐time high […]
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Megaworld’s GERI Posts 39% Net Income Growth in 2015

Manila–(PHStocks)–Megaworld Corp. (PSE: MEG) subsidiary Global-Estate Resorts Inc. (PSE: GERI), the country’s biggest developer of integrated leisure and tourism townships, posted a net income of PhP667 million (net of PhP181 million non-recurring gain) for 2015, a 39% increase from PhP479 million (net of PhP377-million non-recurring gain) in 2014. Excluding non-recurring gains, GERI’s consolidated revenues in 2015 amounted […]
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