SSS Unveils ExpreSSS e-Learning Portal to Expand Digital Education for Members In November 2020, the Social Security System (SSS) introduced the ExpreSSS e-Learning Portal, an online learning platform designed to educate members, employers, and other stakeholders about the benefits and services of the pension fund. This initiative marks another significant milestone in SSS’s digital…
Dominguez sees REITs propelling property sector’s growth beyond pandemic Expanding Opportunities Through REITs Finance Secretary Carlos Dominguez III said Thursday that the growing roster of Real Estate Investment Trust (REIT) offerings will propel the growth of the Philippines’ property sector beyond the pandemic—and serve as a catalyst for the country’s quick and strong economic…
SEC approves public offerings from AREIT, Cityland The Philippine real estate sector continues to attract investor interest as regulatory approvals pave the way for new capital-raising initiatives. The Securities and Exchange Commission (SEC) recently approved the public offerings of AREIT Inc. and Cityland Inc., signaling strong confidence in the country’s financial markets. AREIT, a real…
DOF flags GSIS, SSS, PhilHealth accounting method Government Orders Full Compliance with Financial Reporting Standards The Department of Finance (DOF) has flagged PhilHealth, the Social Security System (SSS), and the Government Service Insurance System (GSIS) for failing to fully comply with Philippine Financial Reporting Standards (PFRS) 4 in their financial disclosures. According to…
Executives Bullish on the Philippine REIT Market The Future of the Philippine REIT Market The Philippine REIT market is gaining momentum, with new real estate investment trust (REIT) IPOs expected soon. Top executives are optimistic about its growth, positioning the country as a key player in the region. At a Securities and Exchange Commission…
MREIT to acquire 4 prime assets MREIT Inc., the real estate investment trust (REIT) company of township developer Megaworld, is finalizing the acquisition of four grade A, Philippine Economic Zone Authority-accredited properties by December this year. Subject to final approvals, the company is looking to acquire Two Techno Place, Three Techno Place and One…
PhilHealth and private hospitals will ‘collaborate’ to handle unpaid claims difficulties. The Philippine Health Insurance Corporation (PhilHealth) says it met with the Private Hospitals Association of the Philippines, Inc. (PHAPi) on Monday, Nov. 8, to discuss unpaid claims issues. In a statement, PhilHealth and PHAPi agreed to collaborate “to cooperatively resolve the claims payments…
REIT getting bigger, wider In my previous columns, I highlighted how investment trusts strengthen both the real estate sector and the broader economy in the Philippines. For one, REITs align the country with other advanced Asian markets that have well-established investment structures. Colliers believes REIT implementation will drive innovation, leading to better opportunities…
“Our quality of life depends on the choices that we make every day.” -Anonymous- Investing in Stock Market and REITs are too overwhelming. With so much information to learn about Stock Market and REITS, sometimes we felt discouraged to push through on our investing journey. Now that REITs are still young, many finance professionals…
However, not all OFWs are able to manage their finances well. In reality, some are able to handle their finances well, and some are not able to grow their savings. This leaves us the question, why? Here are 5 money mistakes that you, yourself might be committing. Not making a budget plan FIlipinos choose to…