The CA rules that Makati committed forum shopping when it filed an appeal before the Pasig RTC and the CA itself Lian Buan Published 9:05 PM, March 09, 2017 Updated 1:03 AM, March 10, 2017 http://www.rappler.com/nation/163751-taguig-makati-fort-bonifacio-ca MANILA, Philippines – The Court of Appeals (CA) granted the motion of the Taguig City government to dismiss Makati […]
By Keith Richard D. Mariano Posted on March 10, 2017 http://www.bworldonline.com/content.php?section=Corporate&title=Luxury-Anya-Resort-to-open-in-Tagaytay-in-April&id=141961 ROXACO LAND Corp. is opening its first luxury resort under the Anya brand next month, paving the way for the development of vertical residences worth around P1.2 billion within the same property in Tagaytay City. In a media briefing in Makati City on Thursday, the […]
By Keith Richard D. Mariano with Krista Angela M. Montealegre Posted on March 10, 2017 http://www.bworldonline.com/content.php?section=Corporate&title=PSE-expects-deal-for-BAP%E2%80%99s-stake-in-PDS-to-be-completed-by-May&id=141962 THE PHILIPPINE Stock Exchange, Inc. (PSE) will have closed its acquisition of the Bankers Association of the Philippines’ (BAP) stake in Philippine Dealing System Holdings Corp. (PDS) before May ends. In a regulatory filing on Thursday, the operator of the […]
By D.M. Uy Posted on March 10, 2017 http://www.bworldonline.com/content.php?section=Corporate&title=Auto-sales-still-up-in-February-despite-slump-in-passenger-cars&id=141963 AUTO SALES continued to rise in February but slowed to a single-digit growth rate, dragged by a contraction in sales of passenger cars, industry data showed on Thursday. Data jointly released yesterday by the Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) and Truck Manufacturers Association […]
By: Doris Dumlao-Abadilla Philippine Daily Inquirer 04:19 PM March 09, 2017 http://business.inquirer.net/225840/sec-oks-megaworlds-p30b-debt-offer The Securities and Exchange Commission has approved a plan by tycoon Andrew Tan-led property developer Megaworld Corp. to raise as much as P30 billion from the local debt market over the next three years. The first tranche of the offering is worth up […]
By: Ben O. de Vera Philippine Daily Inquirer 12:30 AM March 10, 2017 http://business.inquirer.net/225868/govt-readies-13-projects-chinese-financing The Philippine government plans to pitch up to 13 projects that can be rolled out in the next two to three years for potential Chinese financing, the Department of Finance said Thursday. To be officially submitted for the Chinese government’s consideration, […]
By Louella Desiderio (The Philippine Star) Updated March 10, 2017 – 12:00am http://www.philstar.com/business/2017/03/10/1679556/nlex-harbor-link-segment-10-completed-year-end-mntc MANILA, Philippines – Manila North Tollways Corp. (MNTC) expects to complete the North Luzon Expressway (NLEX) Harbor Link Segment 10 by the end of the year. “Previous target (for completion) was middle of 2017, but we are moving that to end of […]
By: Roy Stephen C. Canivel Philippine Daily Inquirer 12:07 AM February 28, 2017 http://business.inquirer.net/225368/p321-m-coconut-processing-plant-rise-palawan Lionheart GPPAC Farmers Corp. will soon build a P321-million coconut processing plant integrated with a hybrid coconut plantation in Palawan, the Board of Investments (BOI) said on Monday. In a statement, the BOI said the project was approved under the Investment […]
By Keith Richard D. Mariano Posted on February 28, 2017 http://www.bworldonline.com/content.php?section=Corporate&title=Century-Properties-targets-first-time-homebuyers-&id=141361 CENTURY PROPERTIES Group, Inc. is launching its residential line catering to first-time homebuyers within the second quarter, as it expands its portfolio consisting mostly of luxury and mid-priced condominiums in Metro Manila. The listed property developer made the announcement about three months after partnering […]
By Iris Gonzales (The Philippine Star) Updated February 28, 2017 – 12:00am http://www.philstar.com/business/2017/02/28/1676362/arthaland-taps-foreign-partners-premium-cebu-office-building MANILA, Philippines – ArthaLand Corp. has signed agreement with China Railway Dongfang Group and Knusford Berhard of Malaysia for a $166 million engineering, procurement and construction contract for its 38-story Cebu Exchange Project. China Railway and Knusford will form a joint venture […]