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The biggest hotel in the Philippines will open on the island of Boracay


The biggest hotel in the Philippines will open on the island of Boracay
February 1, 2018
Hotel101 Resort-Boracay will soon rise on the beachfront of Boracay Newcoast featuring 1,001-rooms and is expected to become the biggest hotel in the Philippines in terms of room count. The project will sit on a two-hectare property on the beachfront cove and support environmentally friendly operations and sustainable tourism.
Hotel101 Resort-Boracay is a joint venture project of Hotel of Asia Inc, a subsidiary of DoubleDragon Properties Corp., a property company led by Mang Inasal Founder and DoubleDragon Chairman Edgar Injap Sia II and Jollibee Founder and DoubleDragon Co- Chairman Tony Tan Caktiong, and Newcoast South Beach, Inc. led by its Chairman Enrique Gonzalez. ....

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GERI profits rise to P300M


Published May 14, 2021, 3:52 PM
Megaworld subsidiary Global-Estate Resorts, Inc. (GERI), the Philippines’ leading developer of master-planned integrated tourism estates, reported a 21 percent improvement in attributable net income to P300 million in the first quarter of 2021.
In a disclosure to the Philippine Stock Exchange, the firm said consolidated revenues decreased by 21 percent to P1.2 billion year-on-year as quarantine restrictions affected some of the company’s core businesses.
GERI booked P4.4 billion in reservation sales during the first quarter of the year, a 104 percent surge compared to the same period last year, as the company continues to capitalize on the prevailing demand for residential and commercial properties even in the middle of a pandemic. ....

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PSE changing sector indices composition on Feb. 15


Published February 10, 2021, 5:30 AM
The Philippine Stock Exchange, Inc. (PSE) is adding newly-listed firms in its sector indices while the main PSE index (PSEi) will see no changes in its composition.
In a statement, the bourse said these changes are based on the regular stock performance review for the January to December 2020 period and will take effect on February 15, 2021. 
In terms of sector indices, ten companies will be added while seven will be removed. Among the ten listed firms are the three companies that listed on the main board in 2019 namely Axelum Resources Corporation (AXLM), AllHome Corporation (HOME), and Fruitas Holdings, Inc. (FRUIT). ....

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What's Now, What's New, What's Next in Property – Manila Bulletin


Published February 1, 2021, 8:00 AM
This is part of a series of profiles on a new generation of leaders, thinkers, creators, innovators, and trailblazers across many fields in the country. The list is drawn under the theme “What’s Now, What’s New, What’s Next” in celebration of Manila Bulletin’s 121st anniversary as an exponent of Philippine progress.
Kevin L. Tan: Magnate in the Making
It must be hard to imagine what a day – or what a conversation – might be with Kevin L. Tan, the eldest son of tycoon Andrew L. Tan.  When Kevin took the helm of Alliance Global Group Inc. (AGI) in 2018, he became the country’s youngest CEO of a multi-billion conglomerate.    ....

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