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...
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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...
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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...
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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...
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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...
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"I figure out that there are lots of safety nets needed for the operation of sea activities, such as snorkeling. And this is expensive if to be addressed by the local government. My solution is to give its management to a private stakeholder and the local government will still earns through their taxes and permits," he said. Bautista said he is confident that private stakeholders woul...
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