By Mary Grace Padin (The Philippine Star) Updated June 25, 2017 – 12:00am http://www.philstar.com/business/2017/06/25/1713310/dbp-opens-2-more-branches MANILA, Philippines – The Development Bank of the Philippines (DBP) has opened two new branches in Talisay City, Cebu and Guagua, Pampanga, expanding its total network to 120. In a statement, DBP chief executive officer Cecilia Borromeo said the establishment of […]
By: Doris Dumlao-Abadilla Philippine Daily Inquirer 02:02 AM June 27, 2017 http://business.inquirer.net/232070/robinsons-land-starts-china-property-project Gokongwei-led property developer Robinsons Land Corp. expects to bring 1.8 billion Chinese renminbi (P13.2 billion) worth of new residential property inventory to Chengdu—its first venture in mainland China—by the first quarter of next year. The 8.5-hectare project in southwest Chengdu, where RLC has started […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]