MREIT Income Soars 58% on Asset Swaps, Portfolio Diversifies
Business

MREIT Income Soars 58% on Asset Swaps, Portfolio Diversifies

Philippines' MREIT Inc. saw its distributable income surge by 58% to P4.42 billion in the nine months to September, following over P43 billion in asset swaps. The real estate investment trust is diversifying its portfolio beyond its office-centric model.

Read up to 3 eligible full articles per Japan day (JST) for free

Create a free account to open up to 3 eligible full articles per Japan calendar day (JST). Headlines and summaries remain available across ASEAN 7.

  • VinFast Eyes Philippines' EV Incentives for New Plant

    Vietnamese automaker VinFast has expressed interest in the government's Electric Vehicle Incentive Strategy (EVIS) program for its planned electric vehicle (EV) manufacturing plant in the Philippines. The company is considering Batangas for a large-scale facility and awaits the release of EVIS guidelines.

  • VinFast Philippines Projects Over 8,000 EV Sales Amid High Fuel Prices

    VinFast Auto Philippines anticipates selling over 8,000 electric vehicles annually by 2026, driven by high fuel prices. The company is establishing itself as a leading EV brand in the Philippine market.

  • US May Offer Up to $5B Loan for PHL Nuclear Power Development

    The Philippine Department of Energy announced that the United States may offer a financing package of up to $5 billion to support the country's nuclear energy development, a move aligning with the Philippines' goals for energy security and economic growth.

  • BankCom Launches P5-B Bond Offer to Bolster Balance Sheet

    Bank of Commerce (BankCom), an affiliate of San Miguel Corp., has launched a bond offering to raise at least P5 billion. The funds will support balance sheet management, diversify funding sources, and cover general corporate purposes, aiming to strengthen its financial base and expand operations.