MANILA, Philippines — The Home Development Mutual Fund, or Pag-Ibig Fund, announced on Friday a new “special subsidized” interest rate to make socialized housing more accessible, as part of the government’s push to expand affordable homeownership. In a statement, Pag-Ibig said a special 3-percent interest rate would apply to the first five years of housing loan...
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(From left) Vincent Ozaraga, Leslie Anne Aliman, Valerie Soliven, David Wong Jr., Dennis Wong, Nestor J. Padilla, Pio “Junpi” Castillo Jr., Mike Lopez, and Alex Diesmos lead the Wall Breaking Ceremony at IPI Center Done Rockwell. Rockwell Land Corporation, in partnership with International Pharmaceuticals Inc. (IPI), marked another milestone with the Wall Breaking Ceremony...
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Here’s a recap of last week’s (ending July 18) market activity from First Metro Securities. Property news Ayala Malls expansion. Ayala Corp. (AC) has increased its mall renovation and expansion budget to P17.5 billion, targeting the addition of 700,000 sqm of gross leasable area (GLA) over the next five years to strengthen its retail footprint. Township developm...
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The chairman and president of DMCI Holdings built his family's construction business into an infrastructure empire. His $660 million acquisition of a loss-making unit of Mexico's Cemex will test his skill of saving troubled companies. The 2024 annual report of Philippine construction-and-mining giant DMCI Holdings has an arresting AI-designed cover depicting a stack of...
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Private sector economists have slashed their gross domestic product (GDP) growth forecasts for the Philippines to as low as five percent, citing the drag from shrinking exports and the broader impact of a global trade slowdown. Singapore-based UOB has substantially shaved its full-year growth projection for the local economy from six percent to five percent. This came after the fir...
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Private sector economists have slashed their gross domestic product (GDP) growth forecasts for the Philippines to as low as five percent, citing the drag from shrinking exports and the broader impact of a global trade slowdown. Singapore-based UOB has substantially shaved its full-year growth projection for the local economy from six percent to five percent. This came after the fir...
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