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By: Ben O. de Vera Philippine Daily Inquirer 12:17 AM February 27, 2017 http://business.inquirer.net/225313/funding-3-infra-projects-seen-okd-soon Despite the postponement of a high-level trade and investment mission from China last week, the Chinese government is expected to firm up financing for three big-ticket Philippine infrastructure projects for rollout this year, the country’s chief economist said. Also, Socioeconomic Planning […]
By: DORIS DUMLAO-ABADILLA Philippine Daily Inquirer 12:23 AM February 27, 2017 http://business.inquirer.net/225327/alphaland-plans-leisure-estate-airport-projects Property developer Alphaland Corp. plans to refinance debt, bankroll a new international airport near the island-resort Balesin and develop a leisure estate in Baguio using proceeds from a P5.5-billion term loan facility obtained from the country’s leading lender BDO Unibank. Alphaland recently signed a […]
By Mary Grace Padin (The Philippine Star) Updated February 26, 2017 – 12:00am http://www.philstar.com/business/2017/02/26/1675697/local-hoteliers-back-tax-reform MANILA, Philippines – A group of local hotel owners is banking on the government’s tax reform proposal to raise revenue, which can be used to develop tourism-related infrastructure across the country Arthur Lopez, president of the Philippine Hotel Owners Association (PHOA), […]
By Iris Gonzales (The Philippine Star) Updated February 27, 2017 – 12:00am http://www.philstar.com/business/2017/02/27/1676094/vanderwood-casino-contract-advantageous-govt-pagcor MANILA, Philippines – The Philippine Amusement and Gaming Corp. (Pagcor) maintained that the contract with Vanderwood Management Corp.is advantageous and beneficial to the government. The House of Representatives has recently conducted an inquiry on the P3.2 billion casino space lease contract Pagcor […]
Katrina Domingo, ABS-CBN News Posted at Feb 26 2017 06:52 PM Updated as of Feb 27 2017 12:12 AM http://news.abs-cbn.com/business/02/26/17/doubledragon-joins-list-of-companies-backing-dutertes-anti-drug-campaign BORACAY — DoubleDragon Properties has aligned CityMalls, its mall-developing unit, with President Rodrigo Duterte’s intensified campaign against illegal drugs by donating some of its profit to fund drug rehabilitation centers and programs of the government, […]
By Danessa Rivera (The Philippine Star) Updated February 27, 2017 – 12:00am http://www.philstar.com/business/2017/02/27/1676105/ptt-opens-coffee-shop-chain-local-franchisees MANILA, Philippines – PTT Philippines Corp., the local unit of Thailand’s largest petroleum company, has opened its coffee shop chain Café Amazon to local franchisees to widen its presence in the country as it diversifies to the coffee business from just marketing […]
By Ding Cervantes (The Philippine Star) Updated February 25, 2017 – 12:00am http://www.philstar.com/business/2017/02/25/1675429/clark-freeport-lures-1-b-new-investments CLARK FREEPORT, Pampanga, Philippines – The Clark Development Corp. has announced 71 lease agreements with investors who have committed over $1 billion worth of investments in the freeport in the next 10 years. In its annual report, the CDC said the agreements […]
By: Roy Stephen C. Canivel Philippine Daily Inquirer 12:20 AM February 27, 2017 http://business.inquirer.net/225319/china-keen-putting-industrial-park-ph China is considering building an industrial park in the Philippines, promising to boost the local manufacturing sector and create more jobs as bilateral ties improve, according to Chinese Ambassador to the Philippines Zhao Jianhua. “In the Asean, we have already built […]
By: Doris Dumlao-Abadilla Philippine Daily Inquirer 01:00 AM February 26, 2017 http://business.inquirer.net/225258/p7-b-hotel-casino-rises-greater-chinatown This year of the Fire Rooster is said to be an auspicious year for gaming. To take advantage of this, publicly listed MJC Investments Corp. (MJIC)—a partnership between Asia’s oldest horse racing club Manila Jockey Club Inc. (MJC) and a Hong Kong-based investor […]
By Iris Gonzales (The Philippine Star) Updated February 27, 2017 – 12:00am http://www.philstar.com/business/2017/02/27/1676012/trumps-america-first-has-consequences-phl-real-estate MANILA, Philippines – US President Donald Trump’s “America First” stance has consequences on the Philippine real estate sector — which has been driven largely by outsourced jobs from the US — even as industry players remain optimistic on the country’s property market. […]
