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PSEi nears ‘inflection point,’ but health crisis still a major drag

The local stock barometer ended the week on an upbeat note as concerns over major central banks’ withdrawal of monetary stimulus diminished. The Philippine Stock Exchange index (PSEi) added 46.49 points or 0.67 percent to close at 6,970.51 on Friday. For the week, the main index added 73.38 points or 1 percent despite the rise …

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P26.7-B IPO of Robinsons REIT OK’d

The Philippine Stock Exchange (PSE) has approved an initial public offering worth as much as P26.7 billion to be launched this month by RL Commercial REIT Corp. (RCR), the real estate investment trust (REIT) sponsored by Robinsons Land Corp. (RLC). Based on the latest timetable, RCR’s offer period would run from Aug. 25 to Sept. …

P26.7-B IPO of Robinsons REIT OK’d Read More »

Batangas – the Industrial Port City

Batangas City is classified as one of the fastest urbanizing cities of the Philippines, and is known as the “Industrial Port City of Calabarzon”. It is home to the Batangas International Port, one of the busiest passenger and container terminals in the Philippines. It also hosts one of the largest oil refineries in the country, …

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CREBA Backs Valuation Reform Act

CREBA is throwing its full weight behind the Property Valuation Reform Bill under House Bill 4664, in a bid to rationalize the formulation of the schedule of market values used in real property taxation by local government units. Chamber Chairman Charlie A.V. Gorayeb said the long overdue legislation is expected to eliminate if not minimize …

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