Gokongwei-led companies are moving closer to completing an asset swap that will see industry giant Robinsons Land Corp. inject P33.9 billion worth of malls and offices into RL Commercial REIT.
The Social Security System tripled its REIT investments and is looking to purchase more shares, joining sister pension fund, the Government Service Insurance System, in moves that have energized a sluggish market.
Financial freedom is a goal that many people aspire for, but few completely achieve achieve. But it can be achieved through with disciplined saving, managing expenses, and proper investing.
BDO Unibank president and CEO Nestor Tan purchased a net three million bank shares worth over P400 million after the country’s largest lender pulled back from a recent record high.
Tycoon Manuel V. Pangilinan stated that Manila Electric Co. remains “considerably undervalued” despite its prospects, acknowledging that growth has not translated into share price gains.