ANGELICA BALLESTEROS, TMT

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CONSUNJI-LED DMCI Homes will proceed with the construction of the fourth and final building of its Verdon Parc condominium development in Davao City, banking on the bright prospects of the property segment outside Metro Manila. In a statement, DMCI Homes said it was set to build the 22-story Maurin residential…

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MONEY sent home by overseas Filipino workers (OFWs) hit a record high in December, allowing full-year growth to top the Bangko Sentral ng Pilipinas’ (BSP) forecast for 2017. Personal remittances totaled P3 billion for the month, up 7.9 percent from a year earlier. It brought the 2017 result to $31.3…

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SHARE prices recovered from intra-day losses on Thursday with the benchmark Philippine Stock Exchange (PSEi) ending the day up 0.17 percent or 14.33 points to close at 8,612.44. The wider All Shares inched up by 0.06 percent or 2.80 points to finish at 5,075.60. “Investors bought AC (Ayala Corp.) and…

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Banks’ reserve requirements have been cut in a bid to free up cash that could be used to fuel the economy, the Bangko Sentral ng Pilipinas (BSP) announced on Thursday. The Monetary Board, it said in a statement, had approved a one-percentage point “operational adjustment to support the BSP’s shift…

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PROPERTY giant Ayala Land, Inc. (ALI) is programming a 21-percent increase in capital expenditure (capex) in 2018 to fund the development of more projects across the country. “Our capex projection is P111 billion, which is significantly higher than the actual spending last year, so it’s going to be another all-time…

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SHARE prices continued to recover on Wednesday with a strong 2017 result for property developer Ayala Land, Inc. (ALI) said to have boosted the Philippine Stock Exchange index (PSEi). The benchmark index gained 27.97 points or 0.33 percent to close at 8,598.11 while the broader All Shares grew by 0.39…

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PROPERTY giant Ayala Land, Inc. (ALI) saw its net income surge by 21 percent in last year, driven by strong growth in property sales and leasing income. In a disclosure on Wednesday, ALI reported 2017 net income of P25.3 billion, P4.4 billion higher than the P20.9 billion registered in the…

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THE property arm of conglomerate SM Investments Corp. will staged its first mall opening for 2018 on Friday in Imus, Cavite. SM Center Imus offers a gross floor area of 13,000 square meters and is located along NIA Road, Barangay Bukandala, Imus, Cavite. The latest mall features SM retail outlets…

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