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Headline News

Another casino set to open in Boracay

2018-03-20 bworldonline
APART from Macau casino operator Galaxy Entertainment Group Ltd.’s planned integrated resort complex, a new casino will rise on Boracay Island as part of a growing number of new gaming facilities being set up outside the capital that can allow the Philippines to tap the potential of the growing premium Chinese mass market. (6-0)

No change in PSE index; sectors undergo revamp

2018-02-12 bworldonline
THE 30-MEMBER Philippine Stock Exchange index (PSEi) will remain unchanged, according to the bourse’s latest review covering full year 2017. (13-0)

PSEi remains sluggish

The local stock barometer slipped on Monday as investors remained cautious following the recent global market turbulence. (23-0)

Megaworld to introduce iTownship concept in Davao Park District

2018-02-08 bworldonline
MEGAWORLD Corp. is developing its first “smart” township in Mindanao, as it starts rolling out its iTownship concept nationwide. (4-0)

Infracorp expects go-signal for monorail by end-March

2018-02-07 bworldonline
INFRACORP Development, Inc. expects to secure original proponent status for its P3.8-billion monorail project connecting the Metro Rail Transit (MRT) Guadalupe Station to Fort Bonifacio by the end of March.  (4-0)

Megaworld to develop iTownships

2018-01-28 bworldonline
MEGAWORLD Corp. is currently developing a concept called iTownships, which seeks to digitize services in its existing estates and incorporate smart home technologies in individual units. (4-0)

Tourism investment gate opens

2018-01-10 beta.philstar
The Tourism Infrastructure and Enterprise Zone Authority (TIEZA) appears to be in a frenzy approving new tourism economic zones (TEZs) and promising the approval of many more this year. (6-0)

Gaming stocks on winning streak in 2017

2018-01-08 beta.philstar
MANILA, Philippines — Gaming stocks in the Philippines were on a winning streak last year, mirroring the trend in the Asian region and reflecting investors’ optimism on the huge growth potential of the sector in the coming years. (6-0)

Casinos, resorts remain strong despite setbacks

2018-01-07 bworldonline
The sector’s gross value added  (GVA) — a measure of the value of goods and services produced by a sector — increased by 7.3% to P841.70 billion in 2016, the Philippine Statistics Authority data showed. (1-1)

Resorts World bringing in Japan’s luxury hotel Okura

2018-01-05 beta.philstar
MANILA, Philippines — The operator of Resorts World Manila (RWM) has formalized an agreement with Japanese luxury hospitality chain Hotel Okura Co. Ltd. to operate Hotel Okura Manila. (6-0)

Travellers signs management contract for Hotel Okura Manila

2018-01-05 bworldonline
TRAVELLERS International Hotel Group, Inc. has chosen Japanese luxury hospitality chain Hotel Okura Co., Ltd. to operate a 191-room hotel within the country’s first integrated resort, the listed company told the stock exchange on Friday. (1-0)

191-room Hotel Okura to open in RWM

Travellers International Hotel Group of tycoon Andrew Tan operates the Resorts World Manila casino and hotel complex in Pasay City. (1-0)

Japan’s Hotel Okura to open first luxury outlet in Philippines in 2018

MANILA – Japan’s Hotel Okura Co. will open its first luxury hotel in the Philippines next year as part of efforts to expand overseas, capitalizing on growing numbers of travelers to the Southeast Asian country. (1-0)

AGI reports 13% drop in income in 9 months

2017-11-12 philstar
MANILA, Philippines — Alliance Global Group Inc. (AGI), the conglomerate of tycoon Andrew L. Tan, reported a net income to P15.2 billion in the first nine months,13 percent lower than the P17.3 billion posted in the same period last year as some businesses such as Resorts World Manila encountered challenges in the early part of the year. (4-0)

AGI 9-month net income drops

2017-11-12 bworldonline
ALLIANCE GLOBAL Group, Inc. (AGI) posted a decline in earnings for the nine months ending September, as the growth in its property and quick-service restaurant segments failed to offset the slowdown in its liquor and integrated resorts businesses. (4-0)