News

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...

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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...

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Privatization of snorkeling activities in Boracay eyed

"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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Fairfield by Marriott to open in 2020

GLOBAL hotel chain Marriott International is set to make a comeback in Cebu next year. Nearly two years after it exited its presence in Cebu hospitality industry, the American hotel group announced its partnership with Cebuano firm Prestigio Inc. to open the country’s first Fairfield by Marriott hotel in Mandaue City by the middle of next year. Prestigio is the hospitality arm of the Y...

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King Properties tops off Meridian

CEBU-BASED King Properties has topped off and completed the structural works for Meridian by Avenir, its latest high-rise development in the city. Meridian by Avenir boasts of unique amenities and services tailored for business and residential owners—naturally integrating all aspects of life and work within a single, harmonious space. The high-rise development envisions to elevate the hom...

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MPHHI gets investment from KKR, postpones IPO

By Denise A. Valdez, Reporter THE ANTICIPATED P83.3-billion initial public offering (IPO) of Metro Pacific Investments Corp. (MPIC)’s hospital unit — which was supposed to be the biggest listing in the Philippine Stock Exchange to date — is delayed indefinitely from its earlier fourth-quarter schedule as the company welcomed an investor that poured P35.3 billion into...

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