CEBU, Philippines — The 20-hectare seaside township development Mandani Bay builds fully-furnished residential condominiums to keep up with the rising demand for “ready-made” and sophisticated residential condos in Cebu. Mandani Bay development company HTLand, Inc., launched its 36-storey residential tower called Mandani Bay Quay, to complete its phase 2 component. HTLand,...
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CAPITALAND and subsidiary The Ascott Limited is bringing the serviced residence concept to Iloilo City with the opening of the Citadines Amigo. Citadines Amigo Iloilo, the first international serviced residence in the city, is hoping to attract travellers and long-staying businessmen. It has 121 rooms, a fitness center, function rooms, swimming pool, and all- day dining restaurant. “We...
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CEBU, Philippines — Property giant Megaworld Corporation opened its first hotel facility in Cebu, the 547-room Savoy Hotel Mactan Newtown, in Lapu-Lapu City. The 18-storey hotel located within the 30-hectare Mactan Newtown is the first hotel to open inside the township. Savoy Hotel Mactan Newtown is so far the biggest hotel in terms of number of rooms in Mactan Island and the second bi...
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MEGAWORLD Corp. on Wednesday said it is expected to generate some P2.5 billion in sales from this first residential project inside Arden Botanical Estate in Trece Martires in Cavite. The village is expected for completion in 2024. Lot prices in Arden Botanical Village range from P18,000 to P22,000 per square meter. The 18-hectare village forms part of the 251-hectare Ar...
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MANILA, Philippines — Ayala Corp. is taking a $237.5 million stake in the Pun family’s Yoma Group, marking the largest Philippine conglomerate investment in Myanmar. Ayala said in a stock exchange filing on Thursday that the deal will give it 20 percent of the Myanmar conglomerate, which is comprised of two holding companies: Singapore-listed Yoma Strategic Holdings Ltd. (YSH) and M...
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DMCI Holdings, Inc. on Wednesday said it booked a net income of P2.8 billion in the third quarter, 47% higher year-on-year, which was attributed to “normalized coal operations” of Semirara Mining and Power Corp. (SMPC). In a statement, DMCI said core earnings in the third quarter went up 24% to P2.6 billion, excluding the P164-million non-recurring loss from the company’s shar...
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