MASS housing developer 8990 Holdings, Inc. expects to generate P3 billion in recurring revenue from its venture into the luxury hotel business. In a statement issued Wednesday, the listed property developer said it has 10 new hotels and resorts in the pipeline until 2023. The projects will be undertaken by its newest subsidiary, 8990 Leisure and Resorts. The newly formed unit’s first d...
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THE P400-million seven-story multi-purpose Legislative Parking Building will have a foot bridge connected to city hall for easy access to clients. Iloilo City Mayor Jerry Treñas said the project’s funding is included in the supplemental budget with approval of the city council. He wants to fast-track construction works set to start by yearend. The two floors will host the cit...
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THE Iloilo Provincial Development Council (PDC) passed a resolution endorsing the Panay-Guimaras-Negros bridge to the National Government for funding and implementation. The resolution was approved during the PDC meeting presided by Governor Arthur Defensor Jr. on September 23 at Casa Real de Iloilo. Provincial Planning and Development Office head Mario Nillos said the resolution of endorsem...
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SINCE the controversial six-month closure of Boracay Island in 2018, the National Government has been strict on the opening of hotels, as it imposed environmental conservation to the highest standard. Fortunately for the Boracay Newcoast, it has been able to open the second of its three homegrown hotel brands in its sprawling 150-hectare property, the Belmont Hotel. The first hotel, Savoy, w...
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ILOILO is now ready and set to host the Grand Fondo New York (GFYN) Asia Championship, the second edition of GFNY Philippines on Sunday, September 22, a contested race among Asia’s elite and international riders to see who will be crowned GFNY Asia Champion. GFNY, the world’s largest cycling marathon event, features a total of 18 world races in the 2019-2020 calendar race seasons. T...
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THE Iloilo Provincial Government encouraged Ilonggos to avail themselves of its real property tax amnesty until the end of the year. Delinquent taxpayers have until December 31, 2019 to settle their debts without having to pay the penalties and interests. Provincial Treasurer Jean Maire Umadhay said the Capitol will start receiving payment on October 7. "This is your chance to take a...
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