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Nov 9, 2020

SEC flags investment scheme of Coinmax.ph

THE Securities and Exchange Commission (SEC) has warned the public against investing in a group named Coinmax.ph, which adds to the agency’s growing list of entities operating investment schemes without regulatory clearance.

In an advisory on its website, the corporate regulator said Coinmax.ph is not registered with the SEC and is not authorized to solicit investments from the public as it has no license to do so.

Showing screenshots of the company’s social media posts, the SEC said it found that there are individuals or groups claiming to be from Coinmax.ph and trying to entice the public to participate in its investment schemes.

“The public is advised not to invest or stop investing in any investment scheme being offered by any individual or group of persons allegedly for or on behalf of Coinmax.ph and to exercise caution in dealing with any individuals or group of persons soliciting investments for and on behalf of it,” it said.

Based on its investigation, the SEC found that the group is offering passive earnings through three types of investment packages. A basic account gives a 90% return in 15-25 days, a gold account a 150% return in 40 days, and a premium account a 150% return in 70 days.

The SEC said this is equivalent to selling securities to the public, which is a regulated activity under the Securities Regulation Code. To authorize it, a company must register the securities with the SEC and obtain a license to sell them.

The activities of Coinmax.ph therefore violates the Securities Regulation Code. The people behind the company — salesmen, brokers, dealers or agents — may be penalized with a maximum P5-million fine, or 21 years of imprisonment, or both. They may also incur criminal liability.

Coinmax.ph, through its head as identified in the SEC advisory, was contacted by BusinessWorld for comment on this story, but was not able to reply as of deadline time.

This week, the SEC will be holding an “Investor Protection Week”, during which it will launch an online learning resource center to combat unauthorized investment schemes with lessons on investing in securities. It will also launch a campaign and hold a webinar and a corporate governance forum.

“Our fight against investment scams is anchored on the public’s awareness and empowerment to spot, avoid and expose investment scams,” SEC Chairperson Emilio B. Aquino said in a statement over the weekend.

“While we remain relentless in unmasking and busting investment scams, we also encourage the public to always check with SEC before entertaining any investment opportunity, especially when they are too good to be true,” he added.

The SEC regularly issues advisories on its website against companies that offer unauthorized investment schemes to the public. It has likewise issued several shutdown orders to some groups since the start of the year: Forsage and Forsage Philippines; Fast Track Worldwide, Inc.; JOCALS688 Beauty and Wellness Products Trading, Inc.; Building Our Success Stories Network, Inc.; CROWD1 Asia Pacific, Inc.; Lion City Finance Group, Inc.; and Payasian Pte. Ltd. Corp.

Source: SEC  Business World

Nov 8, 2020

PLDT net income jumps 95% as demand surges


PLDT, Inc. on Thursday reported a 95% growth in its attributable net income for the third quarter, noting that the period was an “all-time high” across its different business segments because of the spike in customer demand for digital services.

In a disclosure to the stock exchange, PLDT posted an attributable net income of P7.41 billion, up from the P3.79 billion it generated in the same period last year.

PLDT saw a 10% increase in its revenues to P46.49 billion. Broken down, service revenues grew 9% to P44.37 billion, while non-service revenues increased 18% to P2.12 billion.

“For the third quarter alone, consumer wireless took in revenues of P21 billion, or 15% higher; enterprise recorded P10.6 billion, 8% more, while the home segment produced P10.7 billion, a 16% gain,” the company said in a statement.

These brought the telco’s nine-month attributable net income to P19.69 billion, 23% higher than last year’s figure. Revenues also grew 7% to P133.22 billion.

Segmented, service revenues went up 7% to P127.85 billion, while non-service revenues declined 1% to P5.37 billion.

“Data and broadband revenues led the growth in service revenues, reaching P90.8 billion, an 18% increase in the first nine months, with mobile internet and home broadband rising 31% and 14%, respectively,” PLDT said. Data and broadband accounted for 72% of PLDT’s service revenues.

Also for the nine-month period, the telco’s revenues from the consumer wireless segment grew 15% to P60.8 billion. The enterprise segment saw a 6% revenue climb to 30.9 billion. Home generated P30.3 billion, up 10% from a year ago.

PLDT Chairman and Chief Executive Officer Manuel V. Pangilinan expects a better performance for the last quarter of the year.

“We’re forecasting better numbers for 2021,” he also said at an online briefing on Thursday.

Mr. Pangilinan likewise disclosed that the company is no longer pursuing investments in Sky Cable Corp., a subsidiary of ABS-CBN Corp.

“We have withdrawn from the bidding process, at least as we understand it, for SkyCable. The main reason if I may say this, is that there are other commercial reasons why we did that. But I think the main reason that we did that is on review of the Bayanihan Act II,” he said.

“The PCC (Philippine Competition Commission) has the ability to review mergers and acquisitions one year after the effectivity of the act and possibly reverse agreements… Of course, we’re concerned that that risk might arise. The risk is there and the prospect of divestment might be real and we decided not to attract that risk,” Mr. Pangilinan added.

To recall, PLDT announced in September that it was exploring opportunities in Sky Cable Corp.

The Bayanihan To Recover As One Act (Bayanihan II) signed by President Rodrigo R. Duterte on Sept. 11 exempts mergers and acquisitions from compulsory notification “with transaction value of less than P50 billion which are entered into within two years” from effectivity of the law.

The PCC in a statement said the new law also suspends its “exercise of motu proprio review of these mergers and acquisitions for a period of one year.”

Shares in PLDT closed 1.06% higher at P1,340 apiece on Thursday.

Source: Business World

Ayala Land profit down 77% in Q3


Earnings of Ayala Land, Inc. (ALI) slumped 77% in the third quarter to P1.85 billion from P8.05 billion during the same period a year ago, as its business continued to suffer amid the coronavirus disease 2019 (COVID-19) pandemic.

In a regulatory filing Friday, the listed property developer said its revenues during the three-month period slid 42% to P22.12 billion from P38.44 billion a year ago, owing largely to a 44% decline in its real estate revenues to P19.44 billion

But on a quarter-on-quarter basis, ALI’s revenues jumped 73% in the July to September period with the relaxation of lockdown protocols that allowed shopping malls and more businesses to increase their operating capacity.

ALI said property development revenues more than doubled to P15.7 billion quarter-on-quarter, as construction activities were allowed to resume starting June. Residential sales likewise improved 66% quarter-on-quarter to P22.5 billion as demand and selling activity started picking up after the lockdown rules were eased.

Revenues from mall operations grew 29% quarter-on-quarter to P1.5 billion, as Ayala Land’s mall network has returned to operations since the latter half of the second quarter. While foot traffic at the malls improved, it was still 30-35% of its levels before the COVID-19 pandemic.

For the nine months from January to September, Ayala Land’s attributable net income stood at P6.37 billion, down 73% from a year ago. Consolidated revenues were cut 48% to P63.32 billion.

Property development revenues were 52% down to P40.6 billion on a year-on-year basis. Residential sales dropped 44% to P60.8 billion, while commercial leasing revenues fell 37% to P17.3 billion.

“COVID-19 continues to significantly affect our operations and the performance of our company. We’ve seen, however, improvement in the majority of our business lines in the third quarter as pandemic-related restrictions gradually eased,” Ayala Land President and Chief Executive Officer Bernard Vincent O. Dy said in a statement.

“We anticipate favorable developments moving forward as the reopening of the economy gains traction and have started to introduce new product inventory in our estates,” Mr. Dy added.

Ayala Land was able to spend P45.3 billion for capital expenditures (capex) during the first nine months of the year, accounting for 65% of its P69.8 billion allocation for 2020. Most of these were spent on residential developments and commercial leasing assets.

The company also noted an improving balance sheet in the third quarter, with net gearing ratio ending at 0.75:1 against 0.87:1 in the first six months of the year.

In April, Ayala Land decided to postpone all project launches scheduled in 2020 and to reduce its capex by P40 billion to preserve cash amid the COVID-19 pandemic.

Shares in Ayala Land closed at P35 apiece on Friday, up 95 centavos or 2.79% from the last session. — Denise A. Valdez

Source: Business World

Robinsons Land plans REIT offering in 2021

Robinsons Land Corp. (RLC) is forming a real estate investment trust (REIT) company for some of its office assets, with plans for its listing at the stock exchange next year.

“To create further opportunities for growth, RLC is looking to list a REIT company for some of its office assets in CY (calendar year) 2021. It plans to infuse a significant number of its existing office buildings into the new REIT company,” it said in a statement Friday.

The Gokongwei-led property developer currently has 25 office buildings in its portfolio, equivalent to more than 600,000 square meters (sq. m.) of net leasable area.

If it successfully lists, RLC would be the second company to do a REIT offering in the Philippines, following Ayala Land, Inc.’s listing of AREIT, Inc. last August.

Aside from RLC, DoubleDragon Properties Corp. also announced a plan to do REIT listings annually from 2020 through 2025 for some 200,000 sq. m. of leasing assets every year.

REITs are the latest product offering of the Philippine Stock Exchange to boost activity in the stock market. It allows investors to earn dividends from specific revenue-generating properties of developers.


Meanwhile, RLC reported its third quarter earnings plunged 78% to P717 million, from the P3.31 billion it reported in the same period last year.

Despite the decline, RLC said it saw signs of recovery as its third quarter bottomline improved 38% from the P518 million it recorded in the second quarter.

For the January-to-September period, the company booked a net income of P4.4 billion, about 40% lower from the P7.31 billion it posted last year. Consolidated revenues also fell 11% to P20 billion.

RLC said the softer revenue decline is due to its development portfolio, which grew by 33% to P9.84 billion, accounting for 49% of its consolidated revenues. This partly offset the 33% revenue decline in its investment portfolio to P10.17 billion.

By business segment, commercial centers added P4.8 billion revenues, halving the P9.7 billion revenues it reported the same period last year. This is due to fewer operating tenants and lower foot traffic at its malls because of lockdown restrictions.

Office buildings generated P4.34 billion revenues, up 20% from a year ago, due to the sustained demand from business process outsourcing and locators looking for flexible workspaces.

The residential segment posted P9.75 billion in revenue, growing 36% year-on-year, on the back of sustained take-up that reached P5.96 billion. RLC noted it was able to launch P10-billion worth of new projects this year.

RLC’s hotels and resorts booked P856.4 million in revenues, dropping 49% from the P1.69 billion it reported a year ago.

Revenues from its operational industrial facilities doubled to P164 million, while recognized revenues from commercial and industrial lot sales stood at P85 million.

“We are encouraged by the steady recovery of our businesses on the back of improving trends seen on a quarterly basis, as well as in October. Increasing customer engagement and the sustained interest from external partners give us confidence that business will continue to pick up in the coming months,” RLC President and CEO Frederick D. Go said in the statement.

“For the remainder of the year, we will continue to focus on operational recovery while implementing strict safety protocols,” he added.

RLC’s capital expenditures reached P10.41 billion for the nine-month period, about 43% of its P24-billion allocation for the year. This went to land acquisitions and the development of malls, offices, hotels and warehouse facilities. The company also spent on the construction of local residential projects.

Shares in RLC gained 40 centavos or 2.44% to close at P16.80 each on Friday.

Source: Business World

Aug 3, 2019

Paano Mag-Invest sa Modified Pag-IBIG II (MP2)?

Ito ang Dividend Rate sa Modified Pag-Ibig 2 at TAX-FREE yan! Ang ganda diba? Ito na marahil ang isa sa mga dahilan para makumbinsi kang mag-ipon at mag-invest sa tulong ng MP2.

Madali lamang makapagsimulang mag-ipon at mag-invest sa MP2!

Gamit ang Online Enrollment ng Pag-Ibig, maaari kang makapagbukas ng Modified Pag-IBIG II (MP2) Account kung ikaw ay miyembro na ng Pagibig at alam mo ang iyong Pagibig MID Number.

Ano Ba Ang Requirements ng Modified Pag-IBIG II (MP2)?

1. Kailangan ikaw ay Active Pag-IBIG Fund Members;  o kaya naman ay Former Pag-IBIG Fund Members with source of monthly income and/or Pensioners, regardless of age, with at least an equivalent of 24 monthly savings.

2. Minimum na hulog sa MP2 savings is PhP500.

Yan lang! Sobra simple lang diba?

Paano ako makakapagbukas ng MP2 Account Online?

Madali lang makapag-bukas ng Modified Pag-IBIG II (MP2) Account. Sundan lamang ang mag sumusunod na steps:

1. Mag-connect sa internet at i-click ang link na ito -->> https://www.pagibigfundservices.com/MP2Enrollment/default1.aspx

2. Fill-out ang form ng iyong mga detalye.

3. I-Submit ang Form

4. I-print ang na-fill up na electronic form na nakalagay ang iyong MP2 account number.

Ganun lamang ka-simple at pwede mona itong hulugan. 

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