Bilyonaryo - Business

Villar flies to Japan to sign deal expanding JV with Mitsubishi Estate

February 11, 2023

Bilyonaryo.com

Ultra bilyonaryo Manny Villar has signed a joint venture agreement to deepen his partnership with one of Japan’s biggest urban developers.

Villar, who made his first foreign trip since the pandemic broke out in 2020, signed the JVA with Mitsubishi Estate Co. Ltd. senior executive officer Yutaro Yotsuzuka on February 10 with President Bongbong Marcos as the key witness.

According to Villar’s Vista Land & Lifescapes, the JVA will focus on the development of its land intended for horizontal and vertical residential projects, office buildings, and commercial and retail estate projects.

VLL and Mitsubishi has a 60-40 condo project along Taft Avenue which started in 2019. This is Mitsubishi’s first residential project in the Philippines.

Aside from Marcos, present during the signing were Villar’s son, Senator Mark, House Speaker Martin Romualdez, former president Gloria Macapagal-Arroyo, Trade Secretary Alfredo Pascual, Special Assistant to the President Antonio Lagdameo Jr., and Philippine Ambassador to Japan Mylene Garcia-Albano.

Related News Tags: Japan, joint venture agreement, Manny Villar, Mitsubishi Estate, Yutaro Yotsuzuka

UnionBank Named Best Retail Bank In The Philippines Four Years In A Row!

At the most rigorous, prestigious, and transparent annual awards program to recognize institutional and individual leadership in retail financial services in the Asia Pacific region, UnionBank was lauded for once again outperforming its peers. The Asian Banker’s Global Excellence in Retail Financial Services Awards Programme 2023, held last March at the Lotte Hotel in Hanoi, Vietnam, recognized UnionBank with its 4th consecutive BEST RETAIL BANK in the Philippines award and honored for being voted the MOST RECOMMENDED RETAIL BANK in the Philippines.

Build, Better, More: Bongbong Marcos vows to improve infrastructure landscape

President Ferdinand Marcos Jr. has pledged to continue pushing for more infrastructure projects that will enhance the connectivity of the country’s road networks.

Harsh goodbye: MVP dumps Annabelle Chua from Meralco board after 7 years, picks Metro Pacific CFO Chaye Cabal-Revilla as new director

Manila Electric Co. (Meralco) chaired by bilyonaryo Manny V. Pangilinan has ditched his long-time executive Annabelle Chua from the utility firm’s board.

Grab’s expansion sparks concerns over monopoly in Philippine transport sector

A network of digital advocates is urging the Philippine Competition Commission (PCC) to take action as Grab Philippines seeks to dominate the country’s transportation sector.

Gokongwei-led JG Summit takes hit from peso devaluation, profit plummets in 2022

The Gokongwei conglomerate, JG Summit Holdings Inc., saw a significant plunge in earnings last year to P700 million, largely due to the impact of its US dollar-denominated debt amid the devaluation of the peso.

UnionBank Named Best Retail Bank In The Philippines Four Years In A Row!

Build, Better, More: Bongbong Marcos vows to improve infrastructure landscape

Harsh goodbye: MVP dumps Annabelle Chua from Meralco board after 7 years, picks Metro Pacific CFO Chaye Cabal-Revilla as new director

Grab’s expansion sparks concerns over monopoly in Philippine transport sector

Gokongwei-led JG Summit takes hit from peso devaluation, profit plummets in 2022

Ayalas join forces with Zero Motorcycles for full-sized electric bikes

Lack of probable cause, insufficient evidence lead to dismissal of P89M tax evasion case vs Joseph Calata, Agri Phil

You complete me: Leviste picks MVP over Total, Kepco, Mitsubishi as ‘big brother’ to fulfill SPNEC’s vision to be a solar powerhouse

Need for speed: RSA to build race track in Bulacan aerocity – report

Recommended from sister websites

→ Abogado
NBI arrests 4 over fraudulent sale of GCash accounts

→ Abogado
‘Wag paloloko! CAAP warns public about solicitation scheme

→ Politiko
No friendly rates: Ex-politiko rakes in P400 M from campaign ads in 2022

→ Politiko
State of the art! PPA GM Jay Santiago opens new Calapan port ahead of Holy Week travel rush

→ Bankero
BSP boosts Islamic finance expertise to lure investments in the Philippines

Power

Philippine fishermen struggle as oil spill keeps them ashore

A crab covered in oil creeps across the sand as Philippine fishermen wearing white protective suits, rubber gloves, and respirator masks scrape toxic sludge from the rocks along the shore.

Money

Teddy Limcaoco named as BAP’s new president

Bank of Philippine Islands’ chief executive Jose Teodoro K. Limcaoco, has been elected as the new president of the Bankers Association of the Philippines (BAP), replacing East West Banking Corp. vice chair Antonio Moncupa Jr.

Business

Build, Better, More: Bongbong Marcos vows to improve infrastructure landscape

President Ferdinand Marcos Jr. has pledged to continue pushing for more infrastructure projects that will enhance the connectivity of the country’s road networks.

Property

Ayala Land raises P6.58B through block sale of AREIT shares

Ayala Land Inc. (ALI), one of the largest property developers in the Philippines, has successfully raised P6.58 billion through a block sale of shares in AREIT Inc., a real estate investment trust owned by the Ayala family.

Latest on Bilyonaryo

UnionBank Named Best Retail Bank In The Philippines Four Years In A Row!

China, Brazil strike deal to ditch dollar for trade

China and Brazil have reached a deal to trade in their own currencies, ditching the US dollar as an intermediary, the Brazilian government said Wednesday, Beijing’s latest salvo against the almighty greenback. The deal will enable China, the top rival to US economic hegemony, and

Back to Bilyonaryo.com homepage