By Louella Desiderio (The Philippine Star) Updated May 15, 2017 – 12:00am http://www.philstar.com/business/2017/05/15/1700032/pal-expands-clark-operations MANILA, Philippines – Philippine Airlines (PAL) is expanding operations in Clark through the launch of flights to three new domestic destinations next month. In a statement, the flag carrier said it is set to start flights to Bacolod from Clark three times […]
By Richmond Mercurio (The Philippine Star) Updated May 15, 2017 – 12:00am http://www.philstar.com/business/2017/05/15/1699996/e-vehicle-makers-urge-streamlining-lto-registration MANILA, Philippines – The Electric Vehicle Association of the Philippines (EVAP) has called on the Land Transportation Office (LTO) to streamline its registration procedures in line with the agency’s crackdown on electric two-wheelers. Following a recent industry consultation meeting with the LTO, […]
By Mary Grace Padin (The Philippine Star) Updated May 15, 2017 – 12:00am http://www.philstar.com/business/2017/05/15/1700001/mufg-keen-aid-philippines-infra-program MANILA, Philippines – Tokyo-based Mitsubishi UFJ Financial Group (MUFG) has offered its assistance to the Philippines for its massive infrastructure buildup program, the Department of Finance (DOF) said over the weekend. During a meeting with Finance Secretary Carlos Dominguez III on […]
By Iris Gonzales (The Philippine Star) Updated May 15, 2017 – 12:00am http://www.philstar.com/business/2017/05/15/1700013/mrc-allied-eyes-renewable-energy MANILA, Philippines – MRC Allied Inc., the listed real estate company with a diverse portfolio in property and mining, is embarking on a major shift in focus to pursue investments in the renewable energy sector under the leadership of its newly appointed […]
By Iris Gonzales (The Philippine Star) Updated May 15, 2017 – 12:00am http://www.philstar.com/business/2017/05/15/1700004/san-miguel-plots-malaysia-refinery-expansion MANILA, Philippines – Diversified conglomerate San Miguel Corp. (SMC), is gearing up for expansion projects of its subsidiary Petron Corp. in Malaysia and the Philippines, its top official said. Ramon Ang, president of SMC and its oil refinery Petron Corp., left for […]
By Catherine Talavera (The Philippine Star) Updated May 15, 2017 – 12:00am http://www.philstar.com/business/2017/05/15/1699992/developers-urged-tap-short-term-lease-market MANILA, Philippines – Real estate developers with large inventories of ready-for-occupancy (RFO) units are urged to tap the short term lease market to avoid the deterioration of the project’s value, a property consultancy firm said. In its first quarter 2017 property market […]
By Krista A.M. Montealegre Posted on May 15, 2017 http://www.bworldonline.com/content.php?section=Corporate&title=DMCI-hopes-to-sell-out-Torre-de-Manila&id=145157 Last month, the Supreme Court lifted the temporary restraining order (TRO) it imposed on the construction of the controversial project nearly two years ago. A two-bedroom unit with balcony may have a new selling price of P4.5 billion compared to the initial P3.2 billion prior […]
By: Doris Dumlao-Abadilla Philippine Daily Inquirer 01:16 AM May 15, 2017 http://business.inquirer.net/229544/ali-developing-200-ha-cbd-kawit Property giant Ayala Land Inc. (ALI) is developing a 200-hectare (ha) estate in Kawit, Cavite into a new Southern Luzon central business district (CBD), which will be as big as ALI crown jewel Makati CBD. This estate development called “Evo City” is among […]
By: Doris Dumlao-Abadilla Philippine Daily Inquirer 01:03 AM May 15, 2017 http://business.inquirer.net/229520/rlc-putting-cyberpark-davao Gokongwei-led property developer Robinsons Land Corp. (RLC) is expanding its office portfolio by developing a new cyberpark to cater to the business process outsourcing (BPO) industry in a booming area in Davao City. First to rise in the 1.2-hectare Robinsons Cyberpark Davao along […]
By: DORIS DUMLAO-ABADILLA Philippine Daily Inquirer 01:09 AM May 15, 2017 http://business.inquirer.net/229534/dmci-working-jv-deal-ntt The property arm of DMCI Holdings is in talks with NTT of Japan on a partnership to develop a two-tower office and residential complex in Makati, a project which will bring to the market some P8-billion worth of new property inventory. DMCI president Isidro […]