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UAAP: FEU not surprised with Janrey Pasaol’s rise

MANILA, Philippines—Far Eastern University has yet to notch its first win in the UAAP Season 88 men’s basketball tournament, but that doesn’t mean the Tamaraws have nothing to rave about. Following its most recent loss at the hands of National University, FEU assistant coach Johnny Abarrientos lauded the progression of Janrey Pasaol amid their winless

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Intellectual property body has acting chief

MANILA, Philippines — The Department of Trade and Industry (DTI) has named an official to temporarily oversee the Intellectual Property Office of the Philippines (Ipophl). This follows the courtesy resignation of the agency’s director general. The DTI designated Nathaniel Arevalo as the Ipophl Acting Director General through Department Order No. 25-160, which took effect immediately.

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AREIT gets P21-B boost from parent Ayala Land, sister firms

MANILA, Philippines — AREIT Inc. will get a P20.99-billion infusion from sponsor Ayala Land Inc. (ALI) and two of the latter’s subsidiaries through a property-for-share swap deal. This would enable the Ayala group’s real estate investment trust (REIT) to expand and diversify its portfolio. In a disclosure on Friday, the country’s first publicly listed REIT

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Rockwell Land eyes P20B from bond market

MANILA, Philippines — Rockwell Land Corp. will tap the bond market to raise up to P20 billion and fund its capital expenditures. This move comes as the firm pursues the expansion of its projects. In a regulatory filing on Friday, Rockwell Land said its board of directors had approved the bond offering under a shelf

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Citystate Savings Bank reels in P735M from CS Capital

MANILA, Philippines Hong Kong-listed CS Capital Investment Pte. Ltd. has completed its acquisition of a minority stake in Citystate Savings Bank Inc. This is a P735.9-million deal that would enable the bank to expand its market reach and speed up digitalization efforts. As a result of the deal, Cabangon-led Citystate gave two board seats to