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Megaworld earmarks P40B for ecotourism township in Palawan

Megaworld earmarks P40B for ecotourism township in Palawan
sunstar.com.ph - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sunstar.com.ph Daily Mail and Mail on Sunday newspapers.

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Megaworld gets 39% profit boost from office leasing, retail, hospitality units

BusinessWorld
August 5, 2021 | 12:06 am
ANDREW L. Tan’s listed property firm Megaworld Corp. posted a 39% growth in net attributable income to P2.6 billion in the second quarter compared with last year’s P1.9 billion on the back of improved performance across its office leasing business, and its retail and hospitality arm.
“We attribute the steady recovery of our businesses to our ability to identify opportunities amidst the pandemic, as we continue to focus our efforts to create products and services that meet the evolving needs of our customers,” Kevin Andrew L. Tan, chief strategy officer of Megaworld, said in a statement on Wednesday. ....

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Megaworld net earnings dip to P5 B in first half – Manila Bulletin

Published August 4, 2021, 4:50 PM
Megaworld Corporation, the country’s largest developer of integrated urban townships, reported a 7 percent decline in attributable net income to P5.0 billion in the first half of the year compared to the same period of 2020.
In a disclosure to the Philippine Stock Exchange, consolidated revenues reached P22.2 billion, but netting out the impact of interest and other income, the company’s core revenues registered at P20.6 billion.
Rental revenues decreased by 13 percent to P6.3 billion during the first half of the year compared to P7.2 billion in the same period of the previous year.
Real estate sales amounted to P13.5 billion, down 5 percent year-on-year, while reservation sales ended flat at P37.2 billion during the first half of 2021. ....

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Megaworld eyes expansion of office portfolio in the regions

Published July 12, 2021, 2:18 PM
Even in the midst of a pandemic, destinations outside of Metro Manila remain brimming with economic potential.
This is the outlook shared by the country’s largest office developer and landlord, Megaworld Corporation, as the company looks to expand its office portfolio further in its provincial townships in the next five years.
Iloilo Business Park now dominates the Iloilo office leasing market as it hosts to top BPO and multinational firms in nine completed office towers.
Currently, Megaworld has over 70 office buildings, most of which are PEZA-accredited developments, scattered around some of the country’s most bustling destinations. ....

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No dispute between Razon, Tan over mega vaccination center

Published May 12, 2021, 5:03 PM
International Container Terminal Services Inc. and Alliance Global Group Inc. denied that there is any dispute between the two groups over the planned construction of a mega vaccination center on land owned by Nayong Pilipino at the Entertainment City.
Allegations against the project include claims that it will cut down trees and that a casino will be built on the property. Both AGI and ICTSI’s Razon group own casino businesses.
The ICTSI Foundation submitted an unsolicited proposal to the government last March to build a temporary mega vaccination center in aid of the government’s goal to inoculate as many Filipinos as possible to curb the further spread of the COVID-19 pandemic and to achieve herd immunity by yearend. ....

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