Soon to rise. The Ayalas and Gaisanos have come together to build a new leisure facility in Mactan. Lapu-Lapu City Mayor Paz Radaza (third from left) discusses her city’s tourism potentials. With her are (from left) TPEPI prexy Meean Dy, Vicsal prexy Edward Gaisano and CHI prexy Jun Bisnar. (SunStar Foto/Arni Aclao) RIDING on Cebu’s tourism wave, property giant, Ayala Land Inc. (ALI), and its local partners are investing P35 […]

FOR THE YOUNG. (From left) James Montenegro, country manager of Chroma Hospitality; Francis Gotianun, assistant vice president at Filinvest Hospitality; Charles Brookfield, president of Chroma Hospitality; and Lapu-Lapu Mayor Paz Radaza prepare to launch Grafik resort. (SunStar Photo / Allan Cuizon) THE GOTIANUN family-led Filinvest Group is investing P1.5 billion to develop a lifestyle resort that targets the younger generation, a market segment that is quickly growing in the hospitality […]

Projects ahead. Cebu Landmasters Inc. chief operating officer Franco Soberano briefs stockholders on the company’s progress. (SunStar Foto/Arni Aclao) PUBLICLY-LISTED Cebu Landmasters Inc. (CLI) is slated to tap the debt market by next year to raise P5 billion to P10 billion to finance its expansion plans. The information came yesterday from CLI president and chief executive officer (CEO) Jose Soberano III at the sidelines of the company’s annual shareholders meeting […]

Project unveiling AYALA Land subsidiary, Cebu Holdings Inc. and the Gaisano’s Taft Property Venture and Development Corp. are set to unveil their first real estate venture project designed to further enhance the Cebu’s growing tourism industry. The two real estate firms had earlier formed a joint venture company to develop a 14-hectare property in Punta Engaño, Lapu-Lapu City. The estate is envisioned to be the country’s next world-class leisure estate […]

REAL estate loans from the country’s commercial banks reached P1.154 trillion in September, data from the Bangko Sentral ng Pilipinas (BSP) revealed. Preliminary data from the central bank show that for production loans, which account for 88.8 percent of banks’ aggregate loan portfolio net of reverse repurchase (RRP) placements, loans to real estate activities grew by 16.8 percent year-on-year. Other sectors that banks have increased lending are electricity, gas, steam […]

new property player will expand horizontally. Universal Asset Land Realty Inc. announced that it will build 169 house-and-lot units in a 3.2-hectare property in Barangay Casuntingan, Mandaue City, of which 100 units have been sold prior to its grand launching last Thursday. The project is named Crescent Ville North Casuntingan, a spin off of its first project, Crescent Ville, in the town of Minglanilla. “Even with a lot of vertical […]

Tower. Trillium Residences on Molave St. in Cebu City is the latest venture of Romeo and Ching Ang, who started out in the food supplements business. (SunStar Foto / Arni Aclao) FOURTEEN years ago, Romeo Ang and his wife Ching started ROCH herbal capsule, a dietary food supplement that gained popularity across the country, especially in Southern Philippines. Some years down the line, however, the business did not as go […]

AS part of its advocacies to protect the environment, Priland Development Corp. announced its effort to plant at least 23,000 trees, including mangroves, in the town of Jetafe in Bohol Province. Marcelino Relampagos, Priland’s general manager, said that this tree-planting program will be implemented in the first quarter of 2018, in coordination with the local government of Jetafe. Relampagos told SunStar Cebu during the launching of Belize North, its newest […]

STATE-run Pag-ibig Fund is moving toward a digital platform to better serve its member-borrowers. Home Development Mutual Fund CEO Acmad Rizaldy Moti said they are now working to improve a system for online loan transactions, which they target to roll out soon. “Going online is part of the bigger reform we will undertake. We hope to complete the online loan application very soon,” said Moti during a visit to Cebu […]

A good year. Pag-IBIG chief executive officer Acmad Rizaldy Moti (second from left) expects the agency to perform even better than in 2016. (SunStar Photo/Amper Campaña) THE Home Mutual Development Fund (Pag-IBIG) Visayas posted a total loan value takeout of P4.29 billion during the first half of 2017, up by 53 percent versus last year’s P2.81 billion, reflecting the continued economic boom in the region. This benefited 4,246 members in […]