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Showing posts from August, 2014

Property tycoon Andrew Tan takes the “ALS Ice Bucket Challenge”

Heeding the worldwide call to raise funds in the fight against ALS (Amyotrophic Lateral Sclerosis), or commonly known as Lou Gehrig's Disease, Megaworld chair Dr. Andrew L. Tan becomes the first Filipino tycoon to take part in the Ice Bucket Challenge phenomenon that aims to spread ALS awareness around the world. Dr. Tan's participation in the challenge was proactive and voluntary on his part. "I support the important cause of the ALS Association to promote awareness about Lou Gehrig's Disease that is a threat to humanity. That is why I'm here to take this Ice Bucket Challenge, and at the same time, I will make a donation to the movement," he said on video recorded in his house on August 25. As a tradition to the ALS Ice Bucket Challenge, Dr. Tan nominates three personalities from the business community to do the same: Dr. Steven DeKrey, president of Asian Institute of Management; Mr. Manolito Tayag, country head of Accenture Philippines; and K...

GERI 1H 2014 profits rise 35% to P200M

Global Estate Resorts Inc. (GERI), Philippines leading tourism estate developer, posted a net income of Php 200 million for the first half of 2014, up 35% from P147.8 million for the same period in 2013 due to strong real estate sales from in its various tourism estate projects, particularly, BoracayNewcoast, Twin Lakes and Southwoods City; and higher hotel income.  Total Revenues during the first half of 2014 for GERI amounted to P1.4 billion, up 56% from P903 million for the same period in 2013. GERI has posted P6.5 billion in reservation sales in the first half of 2014 which is 30% higher from P5 billion for first half 2013.  “We are confident that we can sustain the growth momentum of GERI for the remainder of the year.” said Atty. Ferdinand Santos, GERI President.  Boracay Newcoast GERI now has three major developments namely: the BoracayNewcoast and the Twin Lakesresort community near Metro Tagaytay and Southwood City.  The BoracayNewcoast is...

Smart taps youth as ambassadors of local tourism via technology

The Internet has provided netizens with a channel to promote their advocacies, express their views, or simply share their OOTDs (outfit of the day) or #ThrowbackThurday posts. Through social media and blogs, they have leveled up from merely being consumers of information to generators of original content. Many Filipinos, in particular, are making their presence felt in cyberspace. The Internet has provided netizens with a channel to promote their advocacies, express their views, or simply share their OOTDs (outfit of the day) or #ThrowbackThurday posts. Through social media and blogs, they have leveled up from merely being consumers of information to generators of original content. Many Filipinos, in particular, are making their presence felt in cyberspace. Philippine tourism, for one, is getting a boost from Internet savvy Pinoys. Our country, blessed with abundant natural wonders, is not difficult to sell as a tourist destination. As various interesting places in the cou...

Megaworld allocates P5-B to build 10 office towers in Iloilo Business Park by 2021

Property giant seen to generate around 30,000 jobs in the IT-BPO sector in five to seven years Iloilo City, Philippines, April 4, 2014 –Megaworld, the country’s leading property developer and no. 1 office developer and landlord, will build 10 office towers in the 72-hectare Iloilo Business Park by 2021. The office towers will provide a total of about 100,000 square meters of office space inventory for the biggest cyberpark in Western Visayas, generating approximately 30,000 jobs in the Information Technology-Business Process Outsourcing (IT-BPO) sector. In photo (L-R) are Harold Geronimo, Head of Communications, Megaworld; Jericho P. Go, First Vice President, Megaworld; and Andy Rangel, Vice President for Operations, Startek, the first business process outsourcing (BPO) company to set up operations in Iloilo Business Park. “Iloilo Business Park is positioned to be Western Visayas’ biggest cyberpark and a major hub for IT-BPO outside of Metro Manila. More and more BPO com...

Megaworld 1H 2014 profits rise 289% to Php 16.4 billion

Megaworld, the Philippines’ leading property developer and the no. 1 office developer and landlord, posted a net income of P16.44-billion (inclusive of the P11.62-billion non-recurring gain from the acquisition and sale of subsidiary and associate) for the first half of 2014, 289-percent higher than the P4.23-billion for the same period in 2013 due to strong residential sales in its various townships, particularly in Newport City, Uptown Bonifacio, McKinley Hill and Eastwood City; and higher leasing income from its office and retail portfolio. “I am confident that Megaworld can sustain its core growth momentum as we continuously expand all business segments in our townships across the country,” says Dr. Andrew L. Tan, chairman and CEO, Megaworld. On the other hand, Megaworld’s rental income from office developments and lifestyle malls surged to a record P3.44 billion in first half 2014, 22 percent higher than P2.83 billion same period in 2013. Total revenues of Megaworld...