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RLC gets Dusit to manage its Cebu resort

RLC gets Dusit to manage its Cebu resort

By Krista Angela M. Montealegre Posted on June 24, 2017 http://www.bworldonline.com/content.php?section=Corporate&title=RLC-gets-Dusit-to-manage-its-Cebu-resort&id=147211 ROBINSONS Land Corp. has tapped Dusit International to manage the property firm’s five-star beachfront resort in Cebu, underscoring its optimism on the long-term prospects of the tourism sector. The Gokongwei-led real estate developer signed a hotel management agreement with Philippine Hoteliers, Inc., the local affiliate […]

Dusit wakes from lull to make bold expansion in PH

Dusit wakes from lull to make bold expansion in PH

By: Doris Dumlao-Abadilla Philippine Daily Inquirer 03:08 AM June 26, 2017 http://business.inquirer.net/232034/dusit-wakes-lull-make-bold-expansion-ph After two decades of operating a lone hotel in Makati, Thai hospitality group Dusit International is expanding its footprint in the Philippines with a pipeline of new hotels that could quadruple its local portfolio to over 2,000 rooms within three years. Dusit has invested around […]

Vista Land sets sights on integrated resorts

Vista Land sets sights on integrated resorts

By Iris Gonzales (The Philippine Star) Updated June 27, 2017 – 12:00am http://www.philstar.com/business/2017/06/27/1713894/vista-land-sets-sights-integrated-resorts MANILA, Philippines – The Villar Group is venturing into tourism as another leg of business and is also open to the development of integrated resorts. Vista Land & Lifescapes president Manuel Paolo Villar said the company is now ready to go full […]

Villar maps expansion of retail business unit

Villar maps expansion of retail business unit

By Krista A.M. Montealegre Posted on June 26, 2017 http://www.bworldonline.com/content.php?section=Corporate&title=Villar-maps-expansion-of-retail-business-unit&id=147280 THE VILLAR GROUP is bullish about its retail business, riding on the aggressive expansion of Vista Land & Lifescapes, Inc. and rising disposable income that has fueled demand for upscale concepts. All Value Holdings Corp. Chairman Manuel B. Villar Jr. told reporters last Friday Vista […]

Vista Land plans more project launches in 2017

Vista Land plans more project launches in 2017

By Krista Angela M. Montealegre Posted on June 24, 2017 http://www.bworldonline.com/content.php?section=Corporate&title=vista-land-plans-more-project-launches-in-2017&id=147212 VISTA Land and Lifescapes, Inc. is accelerating its project launches this year as the Villar-led property firm hopes to nearly double its geographical footprint to 200 by 2018. In a press briefing after its 10th listing anniversary in Makati City, Vista Land President and CEO […]

ALI starts next phase of Vertis North development

ALI starts next phase of Vertis North development

By Catherine Talavera (The Philippine Star) Updated June 27, 2017 – 12:00am http://www.philstar.com/business/2017/06/27/1713896/ali-starts-next-phase-vertis-north-development MANILA, Philippines – Ayala Land Inc.(ALI) expects to start the next phase of development of its Vertis North estate after it completes the relocation of informal settlers. In a recent interview, Jay Teodoro, senior division manager of Strategic Landbank Management Group of […]

Peso declines ahead of US payrolls data

Peso declines ahead of US payrolls data

By Melissa Luz T. Lopez, Senior Reporter Posted on May 30, 2017 http://www.bworldonline.com/content.php?section=Finance&title=Peso-declines-ahead-of-US-payrolls-data&id=145954 THE PESO closed weaker against the dollar yesterday despite relatively quiet trading, as market players await the release of jobs data in the United States later this week that could give hints on the pace of future interest rate hikes there. The […]

Duterte tags lower income tax rate, higher consumption tax bill as urgent

Duterte tags lower income tax rate, higher consumption tax bill as urgent

DOF urges House to pass tax reform package by Wednesday By: Ben O. de Ver Philippine Daily Inquirer 09:28 PM May 29, 2017 http://business.inquirer.net/230399/duterte-tags-lower-income-tax-rate-higher-consumption-tax-bill-as-urgent MANILA — The President has certified as urgent its first tax reform package aimed at lowering personal income tax rates while slapping additional or new taxes on consumption, the Department of […]

MVP, RSA open to partnerships with China, Russia firms

MVP, RSA open to partnerships with China, Russia firms

By Richmond Mercurio (The Philippine Star) Updated May 29, 2017 – 12:00am http://www.philstar.com/business/2017/05/29/1704463/mvp-rsa-open-partnerships-china-russia-firms MANILA, Philippines –  Tycoons Manuel Pangilinan and Ramon Ang are not passing up on opportunities to capitalize on the country’s warming relationship with China and Russia as they welcome potential joint venture deals with firms from these nations. Pangilinan and Ang said […]

PH main index up on foreign buying, window dressing

PH main index up on foreign buying, window dressing

By: Doris Dumlao-Abadilla Philippine Daily Inquirer 12:24 AM May 30, 2017 http://business.inquirer.net/230386/ph-main-index-foreign-buying-window-dressing The local stock barometer firmed up on Monday, aided by some foreign buying and month-end window-dressing activities. The main-share Philippine Stock Exchange index added 18.54 points or 0.24 percent to close at 7,886.03. “The Philippine market kicked off the last few days of […]