DAVAO CITY — Cebu Landmasters, Inc. (CLI) is investing about P10 billion for its three projects in the city next year, its top official said yesterday. At the inauguration of the showroom of the Paragon Davao, Jose Franco B. Soberano, CLI executive vice-president and chief operations officer, said the money will be used for the developments of the Paragon Davao, the Davao Global Township...
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DMCI Project Developers, Inc. said its residential project in Quezon City is close to selling out, having generated P8.615 billion in reservation sales so far. In a statement, the company, which operates under the DMCI Homes brand, said Infina Towers is now 92% sold as of Nov. 18. Only 185 units are available for sale. “We’re optimistic of selling out the remaining units soon bec...
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DMCI Holdings, Inc. on Wednesday said it booked a net income of P2.8 billion in the third quarter, 47% higher year-on-year, which was attributed to “normalized coal operations” of Semirara Mining and Power Corp. (SMPC). In a statement, DMCI said core earnings in the third quarter went up 24% to P2.6 billion, excluding the P164-million non-recurring loss from the company’s shar...
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MANILA, Philippines — The completion of new public projects such as airports, seaports, expressways and railways should bode well for property developers and occupiers in the country, as well as spur demand for spaces outside the capital. The success of President Rodrigo Duterte’s plan to improve the country’s infrastructure backbone will strongly influence the direction of re...
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April 01, 2019 Some P23 billion worth of investments in accommodation facilities are in the pipeline in the next two years as the hotel development industry catches up with the country’s booming local and domestic tourism. Samie Lim, chairman emeritus of the Philippine Franchising Association said 120 hotels are to be built to bring the number of rooms in the country to 100...
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