New York sinking under its own weight: study
June 2, 2023
If New York is the city that never sleeps then how’s this for keeping you up at night? It is also sinking.
William Carlos Uy to transfer ownership of Makati property to Liberty Flour Mills subsidiary
June 1, 2023
Liberty Flour Mills, owned by bilyonaryo William Carlos Uy, has approved the sale of its property in Makati City to a real estate investment holding subsidiary.
Australia’s Crown casino to pay US$290 million over money laundering failings
May 31, 2023
Australia’s Crown Resorts is set to pay a civil penalty of Aus$450 million (US$290 million) for lax money laundering controls that saw cash being carried into a casino in paper bags, shoe boxes and suitcases.
Kumita na daw! Mitsubishi Corp. divests from housing venture with Joey Antonio’s Century Properties
May 31, 2023
Sogo sosha Mitsubishi Corp. is leaving its real estate joint venture with Century Pacific Group (CPG) of bilyonaryo Joey Antonio after a five-year partnership.
Lakehall at Nena’s Sanctuary: A haven of tranquility and refined beauty in Sta. Rosa, Laguna
May 31, 2023
Nestled in the picturesque town of Sta. Rosa, Laguna, lies a mesmerizing haven that exudes elegance and tranquility.
Injap Sia’s Hotel101-Fort prepares for grand debut; set to redefine hospitality landscape in BGC
May 30, 2023
DoubleDragon, the brainchild of bilyonaryo Injap Sia, is gearing up to launch the largest hotel in the Bonifacio Global City by July, signaling its continued growth in the hospitality sector.
Robinsons Land unveils Mantawi Residences: A tribute to John Gokongwei Jr.’s vision in Cebu’s real estate market”
May 28, 2023
Robinsons Land Corp. (RLC), the real estate arm of conglomerate JG Summit Holdings, is paying homage to the visionary founder, John Gokongwei Jr., with its latest residential offering, Mantawi Residences.
FLI’s project blitz: Gotianun family sets sights on P5.6 billion launches for Q2
May 28, 2023
Filinvest Land Inc. (FLI), the property arm of the Gotianun family, has unveiled plans to launch projects worth P5.6 billion in the second quarter of this year.
Turning the tide: Discovery World’s Q1 revenues skyrocket, losses shrink
May 28, 2023
Discovery World, the upscale resort developer owned by the Tiu family, has significantly reduced its losses in the first quarter of this year, driven by a surge in revenues.
Cambodian union leader jailed over casino strike
May 25, 2023
A Cambodian court on Thursday jailed a woman union leader for two years for leading a strike against the country’s biggest casino to demand the reinstatement of workers laid off during the pandemic.
Mariana Zobel scoops up P10M Ayala Land shares
May 25, 2023
The daughter of bilyonaryo Jaime Augusto Zobel de Ayala is building up her holdings in the family’s property development firm.
Employee discount equals service downgrade? Client calls out snooty manager at Okada Manila
May 25, 2023
A Facebook user has complained about the poor service that she and her husband reportedly experienced at Okada Manila after they checked in using a friend’s employee discount.
Yu-Martinez group’s 8990 faces earnings pressure despite revenue uptick
May 24, 2023
Mass housing builder 8990 Holdings Inc. of businessmen Mariano Martinez and Luis Yu, experienced a slight dip in earnings to P1.89 billion during the first quarter of the year, despite higher revenues.
In Venice, an architectural toolbox to adapt to climate change
May 24, 2023
From dry toilets to recovered water captured by air conditioners, the Venice Architecture Biennale is full of ideas for how to tackle climate change.
Lanuza-led Philrealty grapples with financial challenges as losses widen in Q1
May 24, 2023
Philippine Realty and Holdings Corp. (Philrealty), led by business magnate Gerardo Lanuza, faced mounting challenges in the first quarter of 2023, as increased finance costs and tax expenses weighed on its financial performance.
Dolomite beach developer Francis Lloyd Chua replaces Greg Yu on EEI board
May 24, 2023
Engineer Francis Lloyd T. Chua has joined the board of construction giant EEI.
AllHome’s Q1 results fall short of expectations despite profitability return
May 24, 2023
Despite a triumphant return to profitability, the first-quarter performance of AllHome, the home improvement retailer owned by bilyonaryo Manny Villar, has fallen short of expectations, according to a local brokerage house.
$6M raised to preserve Nina Simone’s childhood home
May 24, 2023
An art auction and New York gala have raised nearly $6 million to preserve and restore the childhood home of soul music legend and civil rights activist Nina Simone, organizers said Tuesday.
New York sinking under its own weight: study
June 2, 2023
If New York is the city that never sleeps then how’s this for keeping you up at night? It is also sinking.
William Carlos Uy to transfer ownership of Makati property to Liberty Flour Mills subsidiary
June 1, 2023
Liberty Flour Mills, owned by bilyonaryo William Carlos Uy, has approved the sale of its property in Makati City to a real estate investment holding subsidiary.
Australia’s Crown casino to pay US$290 million over money laundering failings
May 31, 2023
Australia’s Crown Resorts is set to pay a civil penalty of Aus$450 million (US$290 million) for lax money laundering controls that saw cash being carried into a casino in paper bags, shoe boxes and suitcases.
Kumita na daw! Mitsubishi Corp. divests from housing venture with Joey Antonio’s Century Properties
May 31, 2023
Sogo sosha Mitsubishi Corp. is leaving its real estate joint venture with Century Pacific Group (CPG) of bilyonaryo Joey Antonio after a five-year partnership.
Lakehall at Nena’s Sanctuary: A haven of tranquility and refined beauty in Sta. Rosa, Laguna
May 31, 2023
Nestled in the picturesque town of Sta. Rosa, Laguna, lies a mesmerizing haven that exudes elegance and tranquility.
Injap Sia’s Hotel101-Fort prepares for grand debut; set to redefine hospitality landscape in BGC
May 30, 2023
DoubleDragon, the brainchild of bilyonaryo Injap Sia, is gearing up to launch the largest hotel in the Bonifacio Global City by July, signaling its continued growth in the hospitality sector.
Robinsons Land unveils Mantawi Residences: A tribute to John Gokongwei Jr.’s vision in Cebu’s real estate market”
May 28, 2023
Robinsons Land Corp. (RLC), the real estate arm of conglomerate JG Summit Holdings, is paying homage to the visionary founder, John Gokongwei Jr., with its latest residential offering, Mantawi Residences.
FLI’s project blitz: Gotianun family sets sights on P5.6 billion launches for Q2
May 28, 2023
Filinvest Land Inc. (FLI), the property arm of the Gotianun family, has unveiled plans to launch projects worth P5.6 billion in the second quarter of this year.
Turning the tide: Discovery World’s Q1 revenues skyrocket, losses shrink
May 28, 2023
Discovery World, the upscale resort developer owned by the Tiu family, has significantly reduced its losses in the first quarter of this year, driven by a surge in revenues.
Cambodian union leader jailed over casino strike
May 25, 2023
A Cambodian court on Thursday jailed a woman union leader for two years for leading a strike against the country’s biggest casino to demand the reinstatement of workers laid off during the pandemic.
Mariana Zobel scoops up P10M Ayala Land shares
May 25, 2023
The daughter of bilyonaryo Jaime Augusto Zobel de Ayala is building up her holdings in the family’s property development firm.
Employee discount equals service downgrade? Client calls out snooty manager at Okada Manila
May 25, 2023
A Facebook user has complained about the poor service that she and her husband reportedly experienced at Okada Manila after they checked in using a friend’s employee discount.
Yu-Martinez group’s 8990 faces earnings pressure despite revenue uptick
May 24, 2023
Mass housing builder 8990 Holdings Inc. of businessmen Mariano Martinez and Luis Yu, experienced a slight dip in earnings to P1.89 billion during the first quarter of the year, despite higher revenues.
In Venice, an architectural toolbox to adapt to climate change
May 24, 2023
From dry toilets to recovered water captured by air conditioners, the Venice Architecture Biennale is full of ideas for how to tackle climate change.
Lanuza-led Philrealty grapples with financial challenges as losses widen in Q1
May 24, 2023
Philippine Realty and Holdings Corp. (Philrealty), led by business magnate Gerardo Lanuza, faced mounting challenges in the first quarter of 2023, as increased finance costs and tax expenses weighed on its financial performance.
Dolomite beach developer Francis Lloyd Chua replaces Greg Yu on EEI board
May 24, 2023
Engineer Francis Lloyd T. Chua has joined the board of construction giant EEI.
AllHome’s Q1 results fall short of expectations despite profitability return
May 24, 2023
Despite a triumphant return to profitability, the first-quarter performance of AllHome, the home improvement retailer owned by bilyonaryo Manny Villar, has fallen short of expectations, according to a local brokerage house.
$6M raised to preserve Nina Simone’s childhood home
May 24, 2023
An art auction and New York gala have raised nearly $6 million to preserve and restore the childhood home of soul music legend and civil rights activist Nina Simone, organizers said Tuesday.
Calls grow from Fed officials to ‘skip’ a rate hike
Two senior Federal Reserve officials indicated Wednesday that they may support skipping an interest-rate hike in June to give the Fed more time to assess the health of the US economy.
Game changer: TVJ in talks with MVP for switch to TV 5; find out what happens to Vice Ganda’s ‘It’s Showtime’
Tito, Vic & Joey, the heart and soul of “Eat Bulaga”, are reportedly in talks with bilyonaryo Manny V. Pangilinan to bring their talents to TV 5.
Japan’s Sumitomo secures P7.38 billion contract for MRT-3 upgrade and maintenance
Transportation Secretary Jaime Bautista announced that Sumitomo, the original designer, builder, and initial maintenance provider of MRT-3, will undertake the rehabilitation and maintenance works for the next 26 months.
Unequal footing no more: BIR revokes preferential tax treatment for Clark Development Corp
According to CDC’s 2022 annual audit report, its income tax expense amounted to P124.29 million in 2022, up from P76.05 million in 2021, based on a preferential tax rate of 5%.
Auto delisting in 6 months? Pagauitan group’s Vulcan Mining suspended after free float falls below 20% requirement
The PSE has suspended trading of Vulcan and Industrial Mining (VUL) starting Friday, June 2, after its public float fell below the mandatory 20 percent.
S&P Global: Philippine manufacturing sector expands in May
The country’s manufacturing sector continued to expand in May, fueled by accelerated growth in factory orders and manufacturing output, according to a report by S&P Global.
