As proof of its commitment to the local business process outsourcing (BPO) sector, Megaworld Corporation announced the turnover of the new World Finance Plaza tower in McKinley Hill Cyberpark to its locators.
The World Finance Plaza is the 11th BPO building to be finished by Megaworld, who is known to be one of the country’s top BPO landlord and developer over the past three years in this Fort Bonifacio township.
“With the completion of our 11th tower, the entry of more BPO companies and our total employee count of 15,000, we can now say that McKinley Hill Cyberpark is a top BPO location in the country,” said Megaworld FVP for Business Development Jericho Go.
“Even as the entire BPO industry is looking forward to 2016, with estimated export revenues of US$25 billion and employee count of 1.3 million, we are busy preparing for this now. Surely, new developments like the World Finance Plaza will address the office requirements of BPO companies for the next few months and will generate thousands of new employment opportunities for our countrymen over the same period,” he added.
The new building hosts 15 floors and 27,000 sqm of total space for lease. It is fully compliant with the requirements of BPO companies for fiber optic wiring and variable refrigerant flow technology, wherein locators can cool only particular zones anytime of the day. This translates to electricity cost savings.
Since it is located in an IT park accredited by the Philippine Economic Zone Authority (PEZA), the World Finance Plaza offers new tenants income tax holidays and other perks, including the duty-free importation of office equipment.
For details on Megaworld projects, contact Reby Ramirez @ +63 916.4044.555 / +63 922.883.9308 / +63 919.699.3572 or e-mail her at reby_ramirez@yahoo.com.
Source: Manila Bulletin, 06 December 2010
RA 9646, popularly known as Real Estate Service Act ( RESA ) has been approved for implementation when its Implementing Rules and Regulations ( IRR ) was published on July 24 2010 at Philippine Daily Inquirer and Philippine Star. For details on the RESA Law, visit www.ra9646.com, the central repository of all updates on RA 9646.
Tuesday, December 7, 2010
Wednesday, October 13, 2010
Megaworld sales up 81%
Andrew Tan-led Megaworld Group posted an 81 percent increase in sales in the first nine months of 2010.
In a disclosure to the Philippine Stock Exchange yesterday, the Megaworld Group said it sold P36.3 billion worth of property and housing units, almost double the P20.2 billion posted in the first nine months of 2009.
The Megaworld group comprises three brands catering to different market segments, namely, Megaworld, Empire East and Suntrust.
Megaworld Corp. had the biggest contribution in total sales, amounting to P29.7 billion.
"The amount came from Megaworld’s ongoing residential projects in Metro Manila including Eastwood City, McKinley Hill, Newport City and Manhattan Garden City," Megaworld said.
Empire East Land and Suntrust Land, posted combined sales of P6.9 billion.
"Empire East and Suntrust are focused on medium-cost and affordable housing, respectively," Megaworld said.
"Both developers have ongoing projects in Metro Manila and in the nearby growth centers of Cavite and Laguna," it added.
Megaworld said that it has five mega-community projects on the rise, namely, Eastwood City in Quezon City; McKinley Hill, McKinley West, and Bonifacio Uptown in Fort Bonifaco; and Newport City in Pasay City.
"Once fully developed, these five mega-communities will be home to around 48,000 families and 202,000 BPO office workers," Megaworld said.
"In the last two decades, Megaworld and its affiliates have completed more than 200 residential and office buildings with a total floor area of approximately 5.4 million square meters," Megaworld added.
For details on Megaworld projects, contact Reby Ramirez @ +63 916.4044.555 / +63 922.883.9308 / +63 919.699.3572 or e-mail her at reby_ramirez@yahoo.com.
Source: Business Insight, October 13 2010
For details on the Real Estate Service Act or RESA Law > www.ra9646.com
In a disclosure to the Philippine Stock Exchange yesterday, the Megaworld Group said it sold P36.3 billion worth of property and housing units, almost double the P20.2 billion posted in the first nine months of 2009.
The Megaworld group comprises three brands catering to different market segments, namely, Megaworld, Empire East and Suntrust.
Megaworld Corp. had the biggest contribution in total sales, amounting to P29.7 billion.
"The amount came from Megaworld’s ongoing residential projects in Metro Manila including Eastwood City, McKinley Hill, Newport City and Manhattan Garden City," Megaworld said.
Empire East Land and Suntrust Land, posted combined sales of P6.9 billion.
"Empire East and Suntrust are focused on medium-cost and affordable housing, respectively," Megaworld said.
"Both developers have ongoing projects in Metro Manila and in the nearby growth centers of Cavite and Laguna," it added.
Megaworld said that it has five mega-community projects on the rise, namely, Eastwood City in Quezon City; McKinley Hill, McKinley West, and Bonifacio Uptown in Fort Bonifaco; and Newport City in Pasay City.
"Once fully developed, these five mega-communities will be home to around 48,000 families and 202,000 BPO office workers," Megaworld said.
"In the last two decades, Megaworld and its affiliates have completed more than 200 residential and office buildings with a total floor area of approximately 5.4 million square meters," Megaworld added.
For details on Megaworld projects, contact Reby Ramirez @ +63 916.4044.555 / +63 922.883.9308 / +63 919.699.3572 or e-mail her at reby_ramirez@yahoo.com.
Source: Business Insight, October 13 2010
For details on the Real Estate Service Act or RESA Law > www.ra9646.com
Thursday, October 7, 2010
AGI predicts 38% income growth for stockholders
Alliance Global Group, Inc. (AGI), in a disclosure to the Philippine Stock Exchange, announced that it expects net income attributable to
shareholders to grow by at least 38 percent to approximately P6.62 billion in 2010 compared to the P4.80 billion netted last year.
It also expects to replicate its growth this year with another 38-percent growth in net income in 2011.
The company is focused on and has leadership positions in high-growth industries that mirror the strength and prospects of the Philippine economy, namely, consumer, business processing outsource (BPO) and tourism.
AGI, led by its founder and chairman Andrew L. Tan, is one of the Philippines? largest conglomerates that operates a diversified range of businesses in the real estate
development, food and beverage, quick service restaurants (QSR) and integrated tourism/resorts industries.
?With the improving global economic climate, backed by the renewed optimism of the local and foreign investors regarding the growth prospects of the Philippines, we are confident that AGI is poised to take advantage of such an environment and build on the momentum we have created in all segments of our business,? AGI president Kingson U. Sian said.
He also stressed that its listed real estate arm, Megaworld Corporation (MEG), has seen a brisk take up in sales of its residential developments.
The MEG group of companies sold P33 billion worth of real estate projects under the Megaworld, Empire East and Suntrust brands in the first eight months of 2010.
?The strong take up in sales is attributable to the strength of our live-work-play-learn communities,? Sian emphasized.
Megaworld is a pioneering developer of integrated live-work-play-learn communities in the country.
To date, it has six township developments under way in the most strategic locations in Metro Manila, in addition to several luxury residential condominium projects in the heart of the Makati central business district (CBD).
For the remainder of the year, MEG is set to launch projects in Manila through Palm Bay, McKinley Hill, the Makati CBD, Newport City and North Bonifacio CBD.
Food and beverage arm, Emperador Distillers, has remained to be the most profitable liquor company in the Philippines.
Meanwhile, QSR arm, Golden Arches Development Corporation, the master franchise holder of McDonald?s in the Philippines, has put in place clear strategies for growth that would take advantage of the prevailing strong consumer confidence.
On the tourism estate development, Travellers International, a joint venture between AGI
and Genting Hong Kong, is operating the country?s first integrated tourism estate called Resorts World Manila.
Just across from Ninoy Aquino International Airport Terminal 3, Resorts World Manila is a world class facility which includes 3 hotels totaling 1,226 rooms, a
1,532 seat Newport Performing Arts Theatre, retail and entertainment facilities.
Resorts World Manila is planning to build additional hotel rooms that will bring total rooms to about 1,500 rooms, making it the largest hotel owner and operator in the country.
AGI further announced that it targets issuance of dividends of at least P0.33 centavos per share, up from P0.18 centavos per share it announced earlier this year.
By next year, total cash resources of the group, including Travellers International, should amount to about P60 billion.
We have built a solid base to ensure a promising future for AGI. With the resources that we have and the strength of each of our businesses, we are confident of our ability to sustain our momentum further in the coming years,? Sian concluded. (PNA)
source: Trading Markets, 05 October 2010
shareholders to grow by at least 38 percent to approximately P6.62 billion in 2010 compared to the P4.80 billion netted last year.
It also expects to replicate its growth this year with another 38-percent growth in net income in 2011.
The company is focused on and has leadership positions in high-growth industries that mirror the strength and prospects of the Philippine economy, namely, consumer, business processing outsource (BPO) and tourism.
AGI, led by its founder and chairman Andrew L. Tan, is one of the Philippines? largest conglomerates that operates a diversified range of businesses in the real estate
development, food and beverage, quick service restaurants (QSR) and integrated tourism/resorts industries.
?With the improving global economic climate, backed by the renewed optimism of the local and foreign investors regarding the growth prospects of the Philippines, we are confident that AGI is poised to take advantage of such an environment and build on the momentum we have created in all segments of our business,? AGI president Kingson U. Sian said.
He also stressed that its listed real estate arm, Megaworld Corporation (MEG), has seen a brisk take up in sales of its residential developments.
The MEG group of companies sold P33 billion worth of real estate projects under the Megaworld, Empire East and Suntrust brands in the first eight months of 2010.
?The strong take up in sales is attributable to the strength of our live-work-play-learn communities,? Sian emphasized.
Megaworld is a pioneering developer of integrated live-work-play-learn communities in the country.
To date, it has six township developments under way in the most strategic locations in Metro Manila, in addition to several luxury residential condominium projects in the heart of the Makati central business district (CBD).
For the remainder of the year, MEG is set to launch projects in Manila through Palm Bay, McKinley Hill, the Makati CBD, Newport City and North Bonifacio CBD.
Food and beverage arm, Emperador Distillers, has remained to be the most profitable liquor company in the Philippines.
Meanwhile, QSR arm, Golden Arches Development Corporation, the master franchise holder of McDonald?s in the Philippines, has put in place clear strategies for growth that would take advantage of the prevailing strong consumer confidence.
On the tourism estate development, Travellers International, a joint venture between AGI
and Genting Hong Kong, is operating the country?s first integrated tourism estate called Resorts World Manila.
Just across from Ninoy Aquino International Airport Terminal 3, Resorts World Manila is a world class facility which includes 3 hotels totaling 1,226 rooms, a
1,532 seat Newport Performing Arts Theatre, retail and entertainment facilities.
Resorts World Manila is planning to build additional hotel rooms that will bring total rooms to about 1,500 rooms, making it the largest hotel owner and operator in the country.
AGI further announced that it targets issuance of dividends of at least P0.33 centavos per share, up from P0.18 centavos per share it announced earlier this year.
By next year, total cash resources of the group, including Travellers International, should amount to about P60 billion.
We have built a solid base to ensure a promising future for AGI. With the resources that we have and the strength of each of our businesses, we are confident of our ability to sustain our momentum further in the coming years,? Sian concluded. (PNA)
source: Trading Markets, 05 October 2010
Wednesday, October 6, 2010
Real estate, tourism to lift AGI earnings next year
Alliance Global Group Inc. (AGI) expects to register strong growth next year on the back of the robust contribution of its real estate and tourism ventures.
The Andrew Tan-led holding company expects its net income attributable to shareholders to increase by at least 38 percent this year to P6.62 from P4.8 billion last year.
“Because of the sheer momentum of the growth of the economy and the business itself, we believe we can do another 38 percent next year on top of [our performance] this year,” Kingson Sian, AGI president, told reporters on the sidelines of the firm’s annual stockholders meeting.
In the first semester, AGI’s profit hit P4.38 billion, up 36 percent from P3.56 billion last year because of the strong contribution of its units.
Sian said the holding firm’s property arm will continue to deliver the bulk of its revenues, followed by its fast-growing tourism ventures and its consumer businesses.
By next year, total cash resources of the group would amount to about P60 billion.
AGI’s real estate arm Megaworld Corp. experienced brisk sales take-up in its residential projects. The Megaworld group of companies, which also includes Empire East and Suntrust brands, have sold P33 billion worth of real estate projects in the first eight months.
For its other projects in Metro Manila, Megaworld plans to replicate the “live-work-play-learn” communities in Eastwood City. It has sold 7,000 condominium units in Eastwood City alone at par with the 15,000 units in Makati, Sian said.
The property developer will also take advantage of its huge land bank, which will be good for the next 15 years. It owns 105 hectares in Fort Bonifacio, 40 hectares in Manila, 25 hectares in Newport City, 25 hectares in Cebu and 54 hectares in Iloilo.
From its total leasable space of 450,000 square meters, Megaworld is looking to generate P3 billion in rental income from its office buildings and commercial outlets.
“By the end of 2010, we’ll have 384,000 square meters of office space, most of it leased up already,” Sian said.
Its upcoming projects include office developments Palm Bay along Roxas Boulevard and One Uptown Place in Fort Bonifacio in Taguig, and residential projects One Eastwood City and Two and Three in Central Makati.
Travellers International, a joint venture between AGI and Genting Hong Kong, is expected to make “substantial” contribution to the Philippine holding firm’s revenues this year following the first full-year operations of its integrated tourism estate Resorts World Manila.
Since opening in September last year, the entertainment facility has attracted 2.5 million tourists, mostly coming from Korea, China and Southeast Asia.
Through Travellers International, AGI will invest over $740 million until 2012 to develop Resorts World, which includes the 172 all-suite Maxims Hotel, the 342-room five-star Marriott Hotel and a budget hotel called Remington.
It will also build the four-star Hamilton Hotel, which will bring its total rooms to 1,800.
AGI’s food and beverage arm, Emperador Distillers Inc., will expand its production facilities because of strong demand. Emperador is also set to introduce new products under its flavored alcoholic drink brand ‘The Bar’, which has gained strong popularity among female and young adults.
“Emperador will continue to grow, if not reach a banner year this year,” Sian said.
Golden Arches Development Corp., the master franchise holder of McDonald’s in the Philippines, will open at least 25 stores next year. By yearend, it will have a branch network of 310 stores.
AGI plans to increase its dividend issuance to at least 33 centavos per share from 18centavos announced earlier.
AGI shares fell from P9.54 on Monday to P9.50 each on Tuesday.
For details on Megaworld projects, please contact Reby Ramirez @ +63 916.4044.555 / +63 922.883.9308 / +63 919.699.3572 or e-mail her at reby_ramirez@yahoo.com.
Source: Manila Times, 06 October 2010
For details on the Real Estate Service Act or RESA Law > www.ra9646.com
The Andrew Tan-led holding company expects its net income attributable to shareholders to increase by at least 38 percent this year to P6.62 from P4.8 billion last year.
“Because of the sheer momentum of the growth of the economy and the business itself, we believe we can do another 38 percent next year on top of [our performance] this year,” Kingson Sian, AGI president, told reporters on the sidelines of the firm’s annual stockholders meeting.
In the first semester, AGI’s profit hit P4.38 billion, up 36 percent from P3.56 billion last year because of the strong contribution of its units.
Sian said the holding firm’s property arm will continue to deliver the bulk of its revenues, followed by its fast-growing tourism ventures and its consumer businesses.
By next year, total cash resources of the group would amount to about P60 billion.
AGI’s real estate arm Megaworld Corp. experienced brisk sales take-up in its residential projects. The Megaworld group of companies, which also includes Empire East and Suntrust brands, have sold P33 billion worth of real estate projects in the first eight months.
For its other projects in Metro Manila, Megaworld plans to replicate the “live-work-play-learn” communities in Eastwood City. It has sold 7,000 condominium units in Eastwood City alone at par with the 15,000 units in Makati, Sian said.
The property developer will also take advantage of its huge land bank, which will be good for the next 15 years. It owns 105 hectares in Fort Bonifacio, 40 hectares in Manila, 25 hectares in Newport City, 25 hectares in Cebu and 54 hectares in Iloilo.
From its total leasable space of 450,000 square meters, Megaworld is looking to generate P3 billion in rental income from its office buildings and commercial outlets.
“By the end of 2010, we’ll have 384,000 square meters of office space, most of it leased up already,” Sian said.
Its upcoming projects include office developments Palm Bay along Roxas Boulevard and One Uptown Place in Fort Bonifacio in Taguig, and residential projects One Eastwood City and Two and Three in Central Makati.
Travellers International, a joint venture between AGI and Genting Hong Kong, is expected to make “substantial” contribution to the Philippine holding firm’s revenues this year following the first full-year operations of its integrated tourism estate Resorts World Manila.
Since opening in September last year, the entertainment facility has attracted 2.5 million tourists, mostly coming from Korea, China and Southeast Asia.
Through Travellers International, AGI will invest over $740 million until 2012 to develop Resorts World, which includes the 172 all-suite Maxims Hotel, the 342-room five-star Marriott Hotel and a budget hotel called Remington.
It will also build the four-star Hamilton Hotel, which will bring its total rooms to 1,800.
AGI’s food and beverage arm, Emperador Distillers Inc., will expand its production facilities because of strong demand. Emperador is also set to introduce new products under its flavored alcoholic drink brand ‘The Bar’, which has gained strong popularity among female and young adults.
“Emperador will continue to grow, if not reach a banner year this year,” Sian said.
Golden Arches Development Corp., the master franchise holder of McDonald’s in the Philippines, will open at least 25 stores next year. By yearend, it will have a branch network of 310 stores.
AGI plans to increase its dividend issuance to at least 33 centavos per share from 18centavos announced earlier.
AGI shares fell from P9.54 on Monday to P9.50 each on Tuesday.
For details on Megaworld projects, please contact Reby Ramirez @ +63 916.4044.555 / +63 922.883.9308 / +63 919.699.3572 or e-mail her at reby_ramirez@yahoo.com.
Source: Manila Times, 06 October 2010
For details on the Real Estate Service Act or RESA Law > www.ra9646.com
Thursday, September 23, 2010
Greenhills Heights Shapes Spaces for Friendly Neighbors
Historians account ancient Filipinos as being neighborly in character. The National Artist Carlos “Botong” Francisco depicted this bayanihan ritual in a mural, wherein Filipinos helped their neighbors move their bahay kubo to another location using bamboo poles.
While this old practice may be difficult to do in modern times, the spirit of bayanihan may well be alive in the 21st century. Perhaps, it’s in the ties that bind a closely-knit community, with only a select few families.
Such is the vision for Greenhills Heights, one of the developments of Megaworld Corporation. With only 168 units on offer across its four mid-rise buildings, the company foresees a closely-knit community, where everyone knows everybody else in the neighborhood.
“Since you only have a few neighbors, you all have that opportunity to build a strong community with them. Since everybody is familiar with one another, there’s less chance of theft and other security concerns in a pocket community,” Megaworld VP for marketing and project head Maricen Jalandoni said.
Greenhills Heights is now being constructed across the historic Pinaglabanan Shrine in San Juan City. Its strategic location gives it an advantage over other projects. Top schools are nearby. The Ortigas business district is a short drive away. For the family’s shopping and recreational needs, Greenhills shopping center and the Ortigas complex malls will only take a few minutes.
The amenities are designed to help both adults and youngsters get over the introductory bump and start friendships. The lagoon-shaped pool will be the venue for many swimming parties. The playground will be ideal for toddlers to meet up, as well as for mothers to exchange tips on how to take care of the kids.
For details on Greenhills Heights, please contact Reby Ramirez @ +63 916.4044.555 / +63 922.883.9308 / +63 919.699.3572 or e-mail her at reby_ramirez@yahoo.com.
Source: Manila Bulletin, 23 September 2010
For details on the Real Estate Service Act or RESA Law > http://www.ra9646.com/
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