Stay updated with breaking news from Batulao artscapes. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Robbie Antonio quits Century Properties to focus on Revolution Precrafted, other businesses Robbie Antonio February 22, 2021 Revolution Precrafted’s Robbie Antonio has stepped down from his family’s real estate business, Century Properties, to focus on Revolution, which is being probed by national agencies, and his other businesses. According to a filing with the Philippines Stock Exchange (PSE), Century Properties’s board has accepted the resignation of Antonio as co-managing director and board member with immediate effect. The statement added that Antonio’s reason for leaving is to “allow him to focus on addressing the pressing issues in his own company and its allied businesses.” The Filipino real estate developer is actively searching for Antonio’s replacement as a board member and director. ....
Published February 22, 2021, 4:48 PM Century Properties Group Inc. announced that Jose Roberto “Robbie” R. Antonio has resigned as Co-Managing Director and Member of the Board, effective immediately. In his letter to the CPG Board on February 20, 2021, Antonio said his departure will allow him to focus on resolving the issues in his privately-owned company – Revolution Precrafted Philippines, its subsidiaries and allied businesses, which was affected by the pandemic. Jose Roberto “Robbie” R. Antonio Antonio thanked the board for their support and wished continued success for CPG. The Antonio family controls CPG which was founded by his father Jose E.B. Antonio. “I know I am making the correct decision to step down from my position in CPG as I will leave it under the very capable leadership of the Board and the professional expertise of its senior management team. This will also allow me to focus on addressing the pressing issues in Revolution and ....
Editor’s Note: This article has been updated to include Revolution Precrafted’s response. Robbie Antonio, the founder of luxury prefab construction firm Revolution Precrafted, is being probed by the National Bureau of Investigation (NBI) in the Philippines for allegedly duping former suppliers and contractors, according to local reports. Nine contractors and suppliers filed a complaint on Thursday claiming that Revolution Precrafted misled them into a scheme, which would involve them winning contracts in Revolution’s development projects if they paid the company 10% of the contract’s value. They further alleged that Revolution failed to secure government agency permits for the projects, throwing the validity of these contracts into question. The Filipino company was also criticised for failing to honour its contracts in ordering supplies, resulting in significant losses for the suppliers and contractors. ....
Robbie Antonio, Founder, Revolution Precrafted February 19, 2021 Editor’s note: Robbie Antonio, the founder of the luxury prefab construction firm Revolution Precrafted, is being probed by the National Bureau of Investigation (NBI) in the Philippines for allegedly duping suppliers and contractors. Meanwhile, DealStreetAsia has received a notice, dated Feb. 1, from Lambert Worldwide, representing Antonio, to take down our investigative articles into the company. We are republishing the two articles, published on Feb. 21, 2020 and March 2, 2020, as free reads below. Your support will empower us to do the stories that matter! Consider becoming a subscriber. Slow projects, small fundraising dim Revolution Precrafted’s unicorn halo ....
BusinessWorld February 19, 2021 | 6:01 pm Revolution Precrafted Properties Inc. is discussing potential settlements with suppliers and contractors that filed complaints against the start-up company with the National Bureau of Investigation (NBI). According to ABS-CBN News, nine contractors and suppliers filed the complaints about allegedly questionable contracts for Revolution Precrafted’s real estate projects, in which they paid 10% of the contract value to become the preferred suppliers. The complainants claimed they were duped out of P150 million after finding that Revolution Precrafted failed to secure government permits for the projects and did not return their payments. Revolution Precrafted in a statement Friday said that it is complying with the authorities. ....