CATHERINE TALAVERA, TMT

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Malacañang is backing the move of Solicitor General Jose Calida to seek the indictment of former president Benigno “Noynoy” Aquino 3rd for reckless imprudence resulting in multiple homicide over the Mamasapano clash in 2015. “The Solicitor General as counsel of the Government is correct,” Palace spokesman Harry Roque said on…

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President Rodrigo Duterte has given his full support to the Finance department’s tax reform plan, saying the government needs additional revenue for infrastructure spending. In a joint press conference with Senate President Aquilino Pimentel 3rd and Speaker Pantaleon Alvarez in Malacañang on Monday, Duterte batted for the passage of the…

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RENTAL rates for residential properties in central business districts (CBDs) are likely to decline this year due to expanding supply and the rising attraction of fringe areas, property consultancy Colliers International said. In Metro Manila, residential rental rates in CBDs declined by 1-1.5 percent in the fourth quarter of 2016,…

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DAVAO CITY: President Rodrigo Duterte has called on businessmen to “be assertive” to stop corruption in transactions with government offices. In his speech during The Manila Times 5th Business Forum at Marco Polo Hotel on Friday, Duterte reiterated his campaign promise to fight corruption and red tape, and told businessmen…

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SM Aura Premier in Taguig City said it has received a gold certification from a US green building organization, the first for a mall in the country. In a statement on Thursday, mall owner and developer SM Prime Holdings Inc. said SM Aura received the gold certification from the LEED…

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GREEN builder ArthaLand Corp. has declared a cash dividend of P1.76145 per Series B preferred share, payable on March 6, to shareholders of record on February 24, 2017. The total dividend payout amounts to P35.2 million. In a statement on Thursday, Arthaland said its board of directors approved the declaration…

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PROPERTY giant Megaworld Corporation has set capital expenditure for this year at P60 billion, most of which will be used to accelerate the development of its township projects. In a disclosure to the Philippine Stock Exchange on Wednesday, Megaworld said 80 percent of this year’s capex “will be used for…

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IN-STORE financing firm Home Credit Philippines (HCPH) is confident of getting one million customers in the country this year as it continues to expand the number of its retail partners nationwide. “We are on our way to a million customers,” HCPH chief executive officer Annica Witschard told reporters on Wednesday,…

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Project delays weigh on earnings MASS housing developer 8990 Holdings Inc. reported a modest uptick in its net income in 2016 as delays in the processing of permits also delayed project launches, resulting in deferred income. In a financial briefing on Tuesday, 8990 said its net income last year grew…

REDUCING BUBBLE RISK

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A slowdown in middle-income condo launches is happening this year, lessening the risk of a property bubble, real estate services firm Prime Philippines said. In an email to The Manila Times, Prime Philippines Managing Director Jet Yu noted condominium development projects in Metro Manila will decelerate this year. “There’s no…

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