News

DMCI acquires more land in Cebu

DMCI PROJECT Developers, Inc. has bought more land in Cebu to support its plans to expand its presence outside Metro Manila. The operator of DMCI Homes said in a statement over the weekend it recently acquired a 9,695-square meter property in Lahug, Cebu City, which it is looking to develop into a vertical community. “Cebu is one of the fastest growing economies in the Philippines. Exp...

Read more

Robinsons Bank gets second-highest credit rating from PhilRatings

ROBINSONS BANK Corp. has been conferred the second-highest credit rating by local debt watcher Philippine Rating Services Corp. (PhilRatings) for its planned corporate bond offering of up to P5 billion. In a statement over the weekend, PhilRatings said Robinsons Bank was assigned the “PRS Aa minus (Corp.)” credit rating for its P2.5-billion fixed-rate bonds with an oversubscription...

Read more

AppleOne Properties signs second management contract with Marriott

CEBU-BASED developer AppleOne Properties Inc. (API) has signed a management contract with Marriott International (MI) to develop the first Fairfield Inn & Suites in the region.  Fairfield Cebu Mactan will be located within Mahi by AppleOne Properties Inc., a forthcoming IT center set to rise along ML Quezon National Highway in Barangay Ibo, Lapu-Lapu City. The property will have 198 ro...

Read more

Almirante: Project employment

IN MAY 2013, respondent Jose Calma Development Corp. (JCDC), a company engaged in the construction business, hired petitioner Ramon Mirandilla (Ramon) as finishing carpenter for its construction projects. Sometime in October 2015, he was asked by JCDC to sign a document purporting to be termination of his project contract. Ramon claimed he was a regular employee and was surprised to learn that...

Read more

28-story ‘BB Tower’ to rise along Gorordo

A NEW real estate player is erecting a 28-story tower on Gorordo Avenue corner Escario St., Cebu City. Eight Star Land Development Corp. unveiled on Friday, Oct. 18, 2019, its maiden project named BB Tower, which is a new addition to Cebu’s thriving condominium-hotel (condotel) business. Maybelle Ho-Padillo, president of Eight Star Land, said the construction of the building is expecte...

Read more

Negros Oriental governor wants to promote arts and culture, natural resources of province

DUMAGUETE CITY—Negros Oriental Governor Roel Degamo wants to promote their province not only as tourism destination for diving and its beach, but also for its arts and culture, and natural resources. “We are rich in culture and the arts. We are also rich in natural resources,” the governor said in an interview. He urged all those from outside Negros Oriental to visit the pr...

Read more