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Manila, Philippines—The Manila Electric Company (Meralco), the Philippines’ largest distributor of electrical power, has announced that the rate for residential customers this month will go down by 41 centavos per kWh, reducing it to P8.444 per kWh.  For a typical household consuming 200 kWh, this translates to a reduction of

Manila, Philippines—The real estate exposures (REEs) of universal, commercial (U/KBs), thrift banks (TBs), and trust departments reached P1.5 trillion by the end of 2015 according to the Bangko Sentral ng Pilipinas (BSP). The REEs accounted for 23.7 percent of the banks’ total loan portfolio (TLP) during the period, slightly lower

Manila, Philippines—Together with Clark Development Corporation, which manages the Clark Freeport Zone in Pampanga, conglomerate Filinvest Group formally signed on Monday, April 25, a 50-year lease agreement, renewable for another 25 years, to redevelop the 201-hectare Mimosa Leisure Estate. Located 100 kilometers north of Manila, the Mimosa Leisure Estate is

Manila, Philippines—Megaworld Corporation took home its first-ever Best Developer award at the fourth annual Philippines Property Awards held last Thursday, April 7, at Fairmont Makati. The Dr. Andrew Tan-led company received an unprecedented 16 nominations, with its Uptown Ritz Bonifacio getting six nods, which eventually won the Best Residential Architectural

Manila, Philippines—Your Meralco electric bill will increase by 22 centavos per kilowatt-hour (kWh) this month due to the hike in the generation charge and the updated Feed-In-Tariff allowance. According to Meralco, which serves 5.8 million customers in Luzon, a typical household consuming about 200 kWh will have an increase of

Manila, Philippines—With 26 combined nominations, top developers Megaworld Corporation and SM Group lead the nominees at the 4th Philippines Property Awards, which will be held on Thursday, April 7, at the Fairmont Makati. Megaworld is a frontrunner to win in several development and design categories, with notable projects in its

Manila, Philippines—According to a report posted at the Philippine Stock Exchange (PSE), DMCI Holdings Inc. (DMC) is earmarking over P40 billion for its capital spending this year, more than doubling its capital commitment of P19.3 billion last year.  The upsurge is largely to support the growth of its real estate

Manila, Philippines—Vista Land & Lifescapes Inc. has just released its full year 2015 results, posting a net income growth of 14 percent to P7.2 billion, including the Starmalls’ net income for the year, which is Vista Land’s newest acquisition. In a disclosure to the Philippine Stock Exchange (PSE), the company

Manila, Philippines—At the inaugural RE/MAX R4 Special Awards Luncheon held in Las Vegas earlier this month, hundreds of top real estate brokers from around the world, who performed exceptionally well last year, took the stage to be recognized by their colleagues, friends, and families. Among these top real estate brokers

Manila, Philippines—You can now access more than 1,000 property listings from the United States-based real estate franchise RE/MAX on Recently named as the leading real estate franchise brand in the “2015 Franchise Times Top 200,” an annual survey on franchise systems from a variety of business sectors, RE/MAX ranked