Category: INQUIRER

Megaworld leisure estate unit posts 3% profit growth – INQUIRER.net 0

Megaworld leisure estate unit posts 3% profit growth – INQUIRER.net

Tourism and leisure estate developer Global-Estate Resorts Inc. (Geri) grew its net profit last year by 3 percent to P1.5 billion on higher revenues from real estate sales and leasing portfolio. Including earnings attributable to minority, the Megaworld Corp. subsidiary saw its net profit rise by 14 percent to a record P1.7 billion in 2018.…

PSE to make sure REIT proceeds remain in PH – INQUIRER.net 0

PSE to make sure REIT proceeds remain in PH – INQUIRER.net

The Philippine Stock Exchange (PSE) has drafted revisions to the rules on listing real estate investment trusts (REITs) to allay regulators’ concerns that money raised from a domestic offering would be invested overseas instead of funding local property projects. The PSE proposed that the rules be amended to require all REITs to invest at least…