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  2. Real Estate Updates
    3. (Page 17)

Real Estate Updates

ICTSI: End of Brunei contract won’t affect financial performance

By Imee Charlee C. Delavin Posted on February 14, 2017 http://www.bworldonline.com/content.php?section=Corporate&title=ICTSI:-End-of-Brunei-contract-won%E2%80%99t-affect-financial-performance&id=140617 PORT GIANT International Container Terminal Services, Inc. (ICTSI) said the expiration of its contract to operate the Brunei port will have minimal effect to its financial performance. ICTSI Senior Vice-President for Asia Pacific Christian R. Gonzalez said the listed port operator owned by tycoon […]

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DOF says cars will be affordable despite excise tax

RG Cruz, ABS-CBN News Posted at Feb 14 2017 02:16 AM http://news.abs-cbn.com/business/02/13/17/dof-says-cars-will-be-affordable-despite-excise-tax MANILA – Finance Secretary Carlos Dominguez on Monday said an excise tax on vehicles won’t make all automobiles beyond affordable. “Most expensive cars will be charged higher excise rates to ensure progressively. When taken as part of the package, most cars will still […]

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Mactan int’l airport eyes links to Australia, Europe

By: Miguel R. Camus Philippine Daily Inquirer 12:04 AM February 14, 2017 https://business.inquirer.net/224528/mactan-intl-airport-eyes-links-australia-europe The country’s second-busiest air gateway, the Mactan Cebu International Airport, wants a bigger slice of the international market, eyeing links to Australia and Europe in the next two years. The airport, where a brand new terminal will open by 2018, also wants […]

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Cebu airport targets 12% hike in passenger arrivals this year

By Louella Desiderio (The Philippine Star) Updated February 14, 2017 – 12:00am http://www.philstar.com/business/2017/02/14/1671907/cebu-airport-targets-12-hike-passenger-arrivals-year MANILA, Philippines – The operator of the Mactan-Cebu International Airport (MCIA) is aiming for a 12 percent increase in passenger arrivals at the airport this year amid efforts to promote the opening of new routes. In a statement yesterday, GMR-Megawide Cebu Airport […]

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Senators convinced ‘best’ location achieved for MRT-LRT common station

But the Senate committee wants someone ‘to be held liable’ for the P200-million naming rights contract of SM Prime, which caused the almost 8-year delay of the project By Chrisee Dela Paz Published Mon, Feb 13, 2017 7:00 PM Subscribe to Rappler to receive the latest news straight to your inbox http://www.rappler.com/business/161336-senate-hearing-mrt-lrt-common-station-dotr MANILA, Philippines – […]

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Okada Manila defers opening to March

By Keith Richard D. Mariano Posted on February 14, 2017 http://www.bworldonline.com/content.php?section=Corporate&title=Okada-Manila-defers-opening-to-March&id=140615 OKADA MANILA is formally opening next month with the commencement of casino operations catering to high rollers and the unveiling of the two-hectare dancing fountain, indoor beach and other facilities under its first phase. In a statement issued on Friday, Tiger Resorts, Leisure & […]

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‘Prepare for the Big One’

By Helen Flores (The Philippine Star) Updated February 14, 2017 – 12:00am http://www.philstar.com/headlines/2017/02/14/1672066/prepare-big-one MANILA, Philippines – Residents of Metro Manila and nearby provinces should prepare for the “Big One,” a magnitude 7.2 earthquake to be generated by the West Valley Fault, which is ripe for movement. Amid the devastation caused by the magnitude 6.7 earthquake […]

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PRA names 96 reclamation ventures

PRA names 96 reclamation ventures February 10, 2017/ http://www.tribune.net.ph/business/pra-names-96-reclamation-ventures   The Philippine Reclamation Authority (PRA) has identified 96 reclamation ventures in varying stages of evaluation or approval along with 487 unauthorized projects that the government plans to either seek reimbursement from or take back the lands through forfeiture proceedings. Speaking at the 40th anniversary celebration of […]

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DoF approves 20 reclamation projects

By MAYVELIN U. CARABALLO, TMT on February 10, 2017 / http://www.manilatimes.net/dof-approves-20-reclamation-projects/311433/ The Department of Finance has given the Philippine Reclamation Authority (PRA) the green light for 20 of 96 reclamation projects in the pipeline, which could generate hundreds of billions of pesos worth of public assets and help modernize some of the country’s vital ports. “We cannot overstate […]

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Japan firm drops Mexico plant plan over Trump warnings

The decision by Nikkei 225-listed Nisshinbo Holdings marks the first time a Japanese company has publicly abandoned a Mexican facility in response to the new US president’s protectionist outbursts BY AGENCE FRANCE-PRESSE Published Thu, Feb 9, 2017 4:45 PM http://www.rappler.com/business/160960-japan-firm-drops-mexico-plant-plan-over-trump-warnings TOKYO, Japan – A top Japanese company said on Thursday, February 9, it had dropped […]

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