assets

First Gen buys 40% of Prime Infra hydro assets for P75B

First Gen Corp. is acquiring a 40-percent stake in the hydropower portfolio of Razon-led Prime…

Land-based wealth tax better than net worth approach

Taxing high-value land may be the most practical way to impose wealth taxes in the…

3 big-ticket assets up for privatization in ’26

The national government is eyeing the privatization of three big-ticket real estate assets this year,…

MREIT to gobble up P16B worth of Taguig office assets 

MREIT Inc., the real estate investment trust of property giant Megaworld Corp., expects a portfolio…

PH financial system’s resources rise to P35.6T

Total resources of the Philippine financial system climbed back to the P35-trillion level as of…

Aboitiz unit allots initial P1B for Davao utility

Davao City—Aboitiz-owned Davao Light and Power Co. is allotting P1 billion to acquire the energy…

Villar Land valuer told to explain trillion-peso tag

The appraiser of the assets of Villar Land Holdings Corp. has been ordered to explain…

RLC unlocks P7.75B from REIT      

Gokongwei-led Robinsons Land Corp. (RLC) sold P7.75 billion worth of its shares in its real…

BIZ BUZZ: ABG makes room for asset infusion

Trading on Asiabest Group International Inc. (ABG) was halted on Wednesday as the shell company,…

ACEN sets P4.6-B infusion into clean energy assets

Renewable energy projects of ACEN Corp. will get a funding injection worth P4.6 billion. The…