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Page 14 - அயலா நில இன்க் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

AREIT posts higher profit despite pandemic

AREIT, Inc. (AREIT), the real estate investment trust of Ayala Land, Inc. (ALI), reported a net income of P1.23 billion last year, up 42 percent if excluding a one-time gain in 2019. In a disclosure to the Philippine Stock Exchange, the firm said the higher profit is on account of its stable oper

The choices Filipino farmers make

The choices Filipino farmers make By JUSTIN UMALI SANTA ROSA, Laguna – Rommy Torres is a farmer in Sitio Compra, Barangay San Mateo, Norzagaray, Bulacan. He was a quiet man who cultivated bananas and other root crops. Last year, agents from Royal Moluccan Realty Holdings, inc. fenced off 75.5 ha. of disputed land and separated farmers like Torres from their crops. RMRHI has tried to stake its claim to the land since 1998, but the farmers have lived there since the 1950s. Last February 3, Torres entered the fence to harvest his bananas. He failed to return home that day, and was found stuffed in a drum in Mabitac, Laguna, some 100 km away. He was 52 years old.

Gold mine sums up new-found love for Philippine small-caps

MANILA, Feb 15, (Bloomberg): Philippine investors are shifting into small, lesser-known names in a stock market that ranked as the world’s worst performer last month. Demand has waned for the 30 component shares of the Philippine Stock Exchange Index, which includes giants like SM Investments Corp. and Ayala Land Inc., amid an uncertain economic recovery, the ongoing pandemic and a flight of foreign funds. The PSEi tumbled 7.4% in January, the worst performance among global equity benchmarks. The slump in large caps pushed investors to take a chance on riskier small caps, said Fitz Aclan, who helps manage about $520 million as chief investment officer at United Coconut Planters Bank.

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