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ARRC awaits gov’t decision on rehab of Danilo Atienza airport

By Louella Desiderio (The Philippine Star) Updated February 27, 2017 – 12:00am http://www.philstar.com/business/2017/02/27/1676109/arrc-awaits-govt-decision-rehab-danilo-atienza-airport MANILA, Philippines –  All-Asia Resources Reclamation Corp. (ARRC) is hopeful the government could decide soon on the consortium’s plan to rehabilitate the Danilo Atienza airport to serve private jets and smaller low-cost carriers, as well as to develop an international gateway airport in […]

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China investors keen on major port projects

By Evelyn Macairan (The Philippine Star) Updated February 27, 2017 – 12:00am http://www.philstar.com/business/2017/02/27/1676115/china-investors-keen-major-port-projects MANILA, Philippines –  Chinese investors have expressed interest in aiding Harbour Centre Port Terminal Inc. (HCPTI)’s expansion plans for its major ports in Manila, Cebu and Davao, a top company official said. Victor Songco, president of HCPTI parent R-II Builders, said China […]

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Gov’t may bid out O & M for Mindanao railway project

By Czeriza Valencia (The Philippine Star) Updated February 27, 2017 – 12:00am http://www.philstar.com/business/2017/02/27/1676095/govt-may-bid-out-o-m-mindanao-railway-project MANILA, Philippines –  The government is considering bidding out the operations and maintenance for the proposed Mindanao Railway Project under the Public-Private Partnership (PPP) scheme, Socioeconomic Planning Secretary Ernesto Pernia said. The planned railway, which would connect key cities in Mindanao, is […]

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Funding for 3 infra projects seen OKd soon

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 […]

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Alphaland plans leisure estate, airport projects

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 […]

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Local hoteliers back tax reform

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), […]

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Vanderwood casino contract advantageous to gov’t – Pagcor

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 […]

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DoubleDragon joins list of companies backing Duterte’s anti-drug campaign

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, […]

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PTT opens coffee shop chain to local franchisees

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 […]

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Clark Freeport lures $1-B new investments

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 […]

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