Quick takes from around the market

Indonesia Berita Berita

Quick takes from around the market
Indonesia Berita Terbaru,Indonesia Berita utama

AbaCore announced that it has terminated the memorandum of agreement with Greenergy to build a massive food terminal and logistics center in Batangas.

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] to build a massive food terminal and logistics center in Batangas. The two companies signed the agreement in March of 2021. No reasons for the termination were provided. This is why I don’t put a lot of stock in memorandums of understanding or agreement, and especially any coming from ABA. Is ABA terminating the agreement to pivot to a new partner, or are they ditching the project altogether? If I were an ABA shareholder, I’d want to know a lot more about what my management team was up to.

Yesterday, I talked about DDMP in relation to the REIT Law’s requirement that REITs distribute at least 90% of their...

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