Floors in one world trade center

Robinsons Land Corporation (RLC) marked the completion of the top floor of its newest Grade A, green office building, GBF Center 1. The high-quality, sustainable development is designed to cater to evolving workplace dynamics in the post-pandemic era. With the nationwide easing of quarantine restrictions, reopening of borders, and strong recovery of the domestic economy, the office sector of the Philippine real estate industry is expected to take an optimistic turn this year. The positive outlook on the demand for office spaces is anchored on the increasing rate of transition to on-site work and the continuous expansion of companies, particularly the Business Process Outsourcing (BPO) firms. GBF Center 1, RLC’s prime office development, is poised to be the most iconic structure along the C5-Libis IT corridor. It is an opportune time for Robinsons Land Corporation, one of the largest property developers in the Philippines, to usher in the future of workspace with its … [Read more...] about Ushering in the future of workspace: Robinsons Land tops off GBF Center 1

SHANGHAI  – China’s first batch of publicly traded rental property real estate investment trusts (REITs) was snapped up in Shanghai and Shenzhen by yield-hungry investors this week, opening up a new financing channel for the struggling real estate sector. The three newly launched REITs, based on affordable rental properties, were each more than 100 times oversubscribed among institutional investors, managers said in filings. The REITs will raise a combined 3.8 billion yuan ($56 million), based on Reuters’ calculations, and the subscription periods ended early. The rental property REIT launches come as Beijing steps up efforts to aid the real estate business, a sector that was a pillar of growth in the world’s second-biggest economy over the last two decades but is now reeling amid debt piles, mortgage boycotts and sluggish sales. China launched a public REITs market based on infrastructure projects about a year ago, but this week’s launches mark the first time the REIT market has … [Read more...] about China’s first publicly traded rental property REITs snapped up by investors

Tesla's Model3 on display at the Seoul Motor Show in March 2019. [YONHAP] Tesla, which had surging sales in Korea, is under investigation by the antitrust agency for false advertising. According to industry sources, the Fair Trade Commission (FTC) has been looking into whether the U.S.-based electric vehicle (EV) company has exaggerated its autopilot technology. Tesla has advertised that its autopilot system not only controls the direction of the vehicle, but also controls the speed at which it travels. However, according to auto industry experts, Tesla’s autopilot system is closer to driver-assistance technology than the kind of full autonomous driving that does not require the help of a driver. The review by Korea's antitrust agency comes on the heels of a German court ruling on the same issue last week. A Munich court ruled in favor of the non-profit organization The Center for Protection Against Unfair Competition, which sued Tesla for misleading consumers about its … [Read more...] about FTC looks into Tesla’s claims on autopilot technology

FILE MANILA, Philippines — The Astana Financial Services Authority (AFSA) has granted Binance preliminary authorization to operate a digital asset trading facility and offer custody at the Astana International Financial Center (AIFC). The world’s leading blockchain and cryptocurrency infrastructure provider will be able to operate a digital asset trading facility and custody in Kazakhstan. Binance’s CEO expressed his gratitude to AFSA for giving the trust to allow operations in Kazakhstan, stating Binance’s commitment to being a compliance-first exchange and providing products and services in a safe and well-regulated environment around the world. “Kazakhstan has shown itself to be a pioneer in Central Asian crypto adoption and regulation,” said Changpeng Zhao (CZ), founder and CEO of Binance. Gleb Kostarev, Regional Head of Asia at Binance, said “This is a landmark achievement for Binance in Kazakhstan. We are grateful to the Astana International Financial Center for their … [Read more...] about Binance secures approval for Kazakhstan operations

Traders work under signage for GameStop Corp. (NYSE: GME) on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., Aug. 8, 2022. REUTERS/Andrew Kelly NEW YORK – Speculative options trading is on the rise again among individual investors alongside a rally in so-called meme stocks, reviving a trend that swept Wall Street last year but faded as markets turned volatile in 2022. Trading in single stock options – a popular vehicle for retail investors looking to place leveraged bets in hopes of outsized gains – has shot higher in recent weeks, with 10-day average daily trading volume at a more-than six-month high of nearly 25 million contracts, Trade Alert data showed. The rise in options trading comes amid wild rallies in the shares of companies popular with retail investors, led by Bed, Bath & Beyond, whose stock is up about 360 percent this month. More seasoned meme-stock names such as GameStop and AMC Entertainment have surged as well, … [Read more...] about U.S. retail traders pile back into options as meme-stock mania flares

The January effect was in full effect for the first month of 2019. After a punishing December, stocks rebounded in the first few weeks of January as signs of progress in the U.S.-China trade war appeared, the Federal Reserve adopted a more dovish tone on interest rates, and earnings season revealed that some companies and sectors have more-positive outlooks than expected. It was a month to remember: The S&P 500, up 7.8%, had its best January performance since 1987, and its biggest monthly gain since October 2015. The DJIA rose 7.17% in January, its largest one-month rise since 2015 and biggest January gain in 30 years. Crude oil prices had their best month on record, surging more than 19% after three straight months of losses. Output cuts and the chaos in Venezuela, had a lot to do with that performance. The U.S. added 304,000 jobs in January, blowing out expectations despite the shutdown. While stocks have rebounded, notably for U.S. companies and indexes, risks … [Read more...] about What to Expect for the Markets in February

Make that four weeks in a row of gains for the U.S. stock market, as the rally has become undeniable. The S&P 500 and the Nasdaq both climbed more than 3% last week, with the the Dow up 2.9%. The S&P 500 has now climbed 15% from its lows in mid-June, while the Nasdaq has clawed back 20% since then. That could technically be described as a new bull market for the index. A 20% retracement from a recent low fits the bill—or the bull—but there are a lot of opinions about that. But we can't deny the strength of the rally, especially when we dig into the charts. The average stock in the Nasdaq Composite index is up 34% from its lows. Remember, just a few months ago, we were talking about the average Nasdaq stock being down 50% from its highs. The pendulum has swung back in a big way. Across the market, the breadth thrust has been pretty impressive. And no, that's not a swimming stroke. The breath trust indicator is a technical indicator used to ascertain market momentum … [Read more...] about Going Back to School with Stock Market Fundamentals

The last two years have changed how young investors look at real estate. The far-reaching effects of pandemic on their personal and professional lives was the game-changer. They realized the value of owning living spaces that are not only conducive for their ideal lifestyle, but also infallible when it comes to financial gain and stability. Let’s take a look at the reasons why property investments capture this segment’s interest, and why Angeles City, Pampanga is a hotbed one should definitely consider. Property as the wisest investment Now Residences, a mid-rise garden community in Angeles City, Pampanga presents both end-users and investors a sure and wise choice when it comes to investing outside of Metro Manila. Financial gurus agree that r eal estate is emerging as a strong hedge against the roaring inflation, and young investors are at the forefront of it. Industry leader SM Development Corporation (SMDC) realized this with 54% of their increase in revenue … [Read more...] about A new SMDC community in Angeles City, Pampanga built for the new breed of investors

The Philippine National Police headquarters in Camp Crame (Photo from Philippine Daily Inquirer) MANILA, Philippines — A delegation of United States lawmakers was not allowed to visit detained former senator Leila de Lima in Camp Crame, Quezon City, on Thursday morning due to a lack of court permission, the Philippine National Police (PNP) said. PNP Public Information Office Chief Brigadier General Roderick Alba explained that the US lawmakers led by Senator Edward Markey were denied direct interaction with any person detained in the PNP Custodial Center, including de Lima. “Such interaction with any specific [Person Under Police Custody] is subject to [the] express permission of the concerned judicial authorities, with due consideration of the prevailing COVID-19 situation in Camp Crame that currently has 15 active cases and one new case as of today,” the PNP said in a statement. But the PNP earlier promised to “extend utmost courtesy and assistance to a foreign delegation … [Read more...] about PNP bars US legislators’ visit to De Lima due to lack of authority from court

Share to Twitter Share to Linkedin Actors Rob McElhenney ( Always Sunny in Philadelphi a) and Ryan Reynolds ( Deadpool ) knew they were in over their heads when they purchased the Welsh soccer club Wrexham A.F.C. in early 2021, especially since they hadn’t even met in person before becoming co-owners of the fifth tier Red Dragons, but their hearts were in the right place. With little to no Wrexham or general soccer knowledge, the duo’s desire to help the third oldest pro soccer team in the world get promoted to a better league trumped their lack of knowledge with the sport, city, and team. McElhenney and Reynolds’ journey with the North Wales football organization and working-class diehard fans, as well as their first in-person meeting, is chronicled in the compelling and heartfelt docuseries Welcome to Wrexham , premiering with two episodes on Wednesday , August 24 on FX at 10 p.m. ET, streaming the next day on Hulu. Subsequent episodes will roll … [Read more...] about What Rob McElhenney And Ryan Reynolds Learned After Buying A Soccer Team