Your Ultimate Guide to REITs in 2022 This article will help you navigate the different REITs blog posts. Here is the list of blog post for the REITs Updates: Citicore eyeing February listing of clean energy-focused REIT Extended REIT party MREIT buys four office towers from its parent for P9.1 billion MREIT to acquire 4…
REITs for energy to broaden investment opportunities The expansion of real estate investment trust (REIT) to other industries, to include the renewable energy sector, will broaden opportunities for income generation that the investing public can tap into. Atty. Francis Lim, former president of the Management Association of the Philippines (MAP) and a prime mover…
Citicore eyeing February listing of clean energy-focused REIT Renewable energy-themed real estate investment trust (REIT) pioneer Citicore Energy REIT Corp. (CREIT) expects to list by February, aiming to raise P10.1 billion to scale up the group’s agro-solar farm operations in order to become the country’s largest by next year. In a recent interview, CREIT…
PhilHealth’s new rates for COVID-19 Testing The Philippine Health Insurance corporation has announced a new benefits package for COVID-19 testing, using plate-based and cartridge-based Reverse transcription-polymerase Chain Reaction (RT-PCR). The new package rates can be found in the PhilHealth Circular No,2021-0021, which was published and took effect on November 30. According to Philhealth, the…
MREIT buys four office towers from its parent for P9.1 billion The MREIT [MREIT 18.32 0.11%] board approved the purchase of 4 office towers, with 55,700 sqm of gross leasable area (GLA), for P9.1 billion in cash from its parent company and sponsor, Megaworld [MEG 3.06 0.66%]. The new towers will bring MREIT’s portfolio…
Starting July 1, 2021, covered members and employers are now required to use Payment Reference Numbers (PRN). PRN is used for their Salary, Calamity, Emergency, and Restructured loan payment transactions to facilitate the immediate and correct posting of loan payments to their matching loan accounts. The implementation of the PRN was delayed and supposed to…
The Social Security System (SSS) achieved a 92.03 percent resolution rate for queries, complaints, and requests, said the Civil Service Commission (CSC), attaining the fifth-highest rank among government agencies in the country. In its Contact Center ng Bayan (CCB) January to December 2020 Report, CSC said the pension fund resolved 1,166 queries, complaints, and requests…
In November 2020, SSS introduced ExpreSSS e-Learning Portal that offers an online learning platform to all members, employers, and other stakeholders to learn about the benefits and services of the pension fund. This marks another milestone in the pension fund’s digital transformation efforts. Because of the existing community quarantine measures that restrict various SSS offices…
Dominguez sees REITs propelling property sector’s growth beyond pandemic Finance Secretary Carlos Dominguez III said Thursday 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 one catalyst for the country’s quick and strong economic recovery. Dominguez said the REIT…
SEC approves public offerings from AREIT, Cityland MANILA, Philippines — Corporate regulators announced Friday they have cleared two public offerings from AREIT Inc. and Cityland Inc. In a statement, the Securities and Exchange Commission said they approved the registration statements of AREIT for a P15-billion bond program and of Cityland for P500 million worth…
