LISTED Sta. Lucia Land Inc. (SLI) announced on Friday that it recently opened its P500-million mixed-use development at Barangay Rizal, Silay City, Negros Occidental. In a filing with the local bourse, the listed property developer said that the 67-hectare (ha) La Alegria Residential Estates, which it described as the “Paris of Negros Occidental,” is the second project development o...
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STA. LUCIA Land, Inc. (SLI) continues to expand its land bank with the planned acquisition of more than 100,000 square meters (sq.m.) of land in provincial areas. In a disclosure to the stock exchange on Wednesday, the listed property developer said its board of directors has authorized the firm to acquire parcels of land spanning 74,490 sq.m. in Davao; 35,588 sq.m. in Zambales, 917 sq.m. in Ri...
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HOMEGROWN property developer Vibo Land Corp. is venturing into the residential space with its first vertical condominium project, the 15-story West Jones Residences. Vibo Land is earmarking P1 billion to erect the high-rise tower with 307 residential units. Gerardo Borromeo, president of Vibo Land, said they want to capture the student market in the city as the project is in close proximity...
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PH RESORTS Group Holdings, the Udenna Group’s gaming arm, has obtained an advance funding of US$42.5 million from Emerald Development Holdings Ltd., an offshore entity wholly owned by its parent firm, Udenna Corp. In a stock exchange disclosure Friday, Oct. 18, 2019, the firm said the proceeds will be used to fund the ongoing construction of The Emerald Bay Resort and Casino in Mactan, Ce...
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SMALL BUSINESS Corp. (SB Corp), the financing arm of the Department of Trade and Industry (DTI), has released almost P40 million in loans to Marawi City’s internally displaced persons and uniformed personnel to help the city rebuild after the five-month siege in 2017. “In line with President Rodrigo Duterte’s promise to continue the programs helping our kababayan in...
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SINGAPORE-BASED hotel management and booking platform RedDoorz is eyeing an initial public offering (IPO) in the country by 2022. “I think, overall, the business goal of RedDoorz is to conduct an IPO… By 2022 or 2023, we should be on our way to creating our business which is publicly listed. That is the general vision,” RedDoorz founder and chief executive officer Amit Saberw...
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