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Megaworld eyes Philippines' biggest REIT offering to date

Megaworld eyes Philippines' biggest REIT offering to date
gmanetwork.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from gmanetwork.com Daily Mail and Mail on Sunday newspapers.

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Notice of Annual Stockholders' Meeting of Global-Estate Resorts, Inc.

The Annual Stockholders Meeting of Global-Estate Resorts, Inc. (GERI) will be held virtually on 24 June 2021 at 09:00 A.M.

Stockholders who wish to participate must register from 09:00 A.M. of 9 June 2021 until 5:00 P.M. of 18 June 2021.

The Notice and Agenda, the Information Statement and oth ....

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GERI profits rise to P300M

Published May 14, 2021, 3:52 PM
Megaworld subsidiary Global-Estate Resorts, Inc. (GERI), the Philippines’ leading developer of master-planned integrated tourism estates, reported a 21 percent improvement in attributable net income to P300 million in the first quarter of 2021.
In a disclosure to the Philippine Stock Exchange, the firm said consolidated revenues decreased by 21 percent to P1.2 billion year-on-year as quarantine restrictions affected some of the company’s core businesses.
GERI booked P4.4 billion in reservation sales during the first quarter of the year, a 104 percent surge compared to the same period last year, as the company continues to capitalize on the prevailing demand for residential and commercial properties even in the middle of a pandemic. ....

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PSE changing sector indices composition on Feb. 15

Published February 10, 2021, 5:30 AM
The Philippine Stock Exchange, Inc. (PSE) is adding newly-listed firms in its sector indices while the main PSE index (PSEi) will see no changes in its composition.
In a statement, the bourse said these changes are based on the regular stock performance review for the January to December 2020 period and will take effect on February 15, 2021.
In terms of sector indices, ten companies will be added while seven will be removed. Among the ten listed firms are the three companies that listed on the main board in 2019 namely Axelum Resources Corporation (AXLM), AllHome Corporation (HOME), and Fruitas Holdings, Inc. (FRUIT). ....

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What's Now, What's New, What's Next in Property – Manila Bulletin

Published February 1, 2021, 8:00 AM
This is part of a series of profiles on a new generation of leaders, thinkers, creators, innovators, and trailblazers across many fields in the country. The list is drawn under the theme “What’s Now, What’s New, What’s Next” in celebration of Manila Bulletin’s 121st anniversary as an exponent of Philippine progress.
Kevin L. Tan: Magnate in the Making
It must be hard to imagine what a day – or what a conversation – might be with Kevin L. Tan, the eldest son of tycoon Andrew L. Tan. When Kevin took the helm of Alliance Global Group Inc. (AGI) in 2018, he became the country’s youngest CEO of a multi-billion conglomerate. ....

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