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SEC clears Damosa Land’s rental pool program
Business World Philippines
|October 01, 2025
THE Securities and Exchange Commission (SEC) approved Damosa Land, Inc.'s rental pool program, the first registration under the recently implemented Securing and Expanding Capital in Real Estate Non-Traditional Securities (SEC RENT) guidelines, allowing the developer to offer units in its TRYP by Wyndham Samal condotel project as investment contracts while retaining ownership.
In a statement on Tuesday, the commission said the SEC en banc approved Damosa Land’s registration statement for 100 certificates of participation in the project during its meeting last Friday, subject to fulfilling the remaining requirements.
The certificates cover 94 standard units priced at P50,000 each, four deluxe units at P75,000 each, and two suite units at P100,000 each, and are valid for 20 years from the start of operations.
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Business World Philippines
Petron accredited as first LPG training hub in oil sector
LISTED oil company Petron Corp. has been certified by the Department of Energy (DoE) as a training institution in the liquefied petroleum gas (LPG) sector, the first oil company to receive the accreditation.
1 min
October 01, 2025
Business World Philippines
NG outstanding debt slips to P17.47 trillion at end-August
THE NATIONAL GOVERNMENT'S (NG) outstanding debt slipped to P17.47 trillion at the end of August, but still remained above the full-year projection, data from the Bureau of the Treasury (BTr) showed.
2 mins
October 01, 2025
Business World Philippines
ePLDT says 12th data center set to be largest; study to finish this year
ePLDT Inc., the information and communications technology (ICT) arm of PLDT Inc., is aiming to finish the study for its 12th data center site in Cavite this year, which is targeted to double the capacity of its largest data center to date.
2 mins
October 01, 2025
Business World Philippines
Trade deficit hits 6-month low in Aug.
THE Philippines' trade deficit in goods shrank to a six-month low in August, as exports increased while imports fell, the Philippine Statistics Authority (PSA) reported on Tuesday.
3 mins
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Leslie Odom, Jr. on marking 10 years of Hamilton
IT’S BEEN a milestone year for the musical about the $10 founding father without a father.
3 mins
October 01, 2025
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Four new shot-callers pit their coaching skills at PBA golden season
FOUR COACHES face their baptism of fire when hostilities in the PBA’s 50\" season get going on Sunday.
1 mins
October 01, 2025
Business World Philippines
Kindred spirits: The extraordinary parallels between the Philippines and Ukraine
In Tiananmen Square earlier this month, a spectacle of three world leaders standing side by side greeted an estimated crowd of 50,000: Chinese Premier Xi Jinping, North Korea Supreme Leader Kim Jong-un, and Russian President Vladimir Putin were smiling and projecting confidence, affirming their friendship and common motivations.
3 mins
October 01, 2025
Business World Philippines
Inflation may have picked up in September
BAD WEATHER continued to push up food and electricity prices in September, potentially bringing headline inflation back within he central bank’s target band, Metropolitan Bank Trust & Co. (Metrobank) said.
2 mins
October 01, 2025
Business World Philippines
Visa bets on stablecoins to speed up businesses' cross-border payments
VISA said on Tuesday it will start testing a new way for businesses to fund international payments by allowing them to use stablecoins instead of pre-depositing cash in local accounts.
1 mins
October 01, 2025
Business World Philippines
ADB cuts PHL growth forecast for 2026, warns corruption is a 'heightened risk'
THE ASIAN Development Bank (ADB) has trimmed its gross domestic product (GDP) growth forecast for the Philippines for 2026, while keeping its projection this year, citing persistent external headwinds that weigh on investments.
3 mins
October 01, 2025
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