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Tan’s AGI wants to build monorail from Fort to MRT

2017-10-11 bworldonline
ALLIANCE GLOBAL Group, Inc.’s (AGI) latest push for diversification will be into the infrastructure sector, starting with the submission of an unsolicited proposal for a two-kilometer monorail project connecting Fort Bonifacio to the Metro Rail Transit Line 3 (MRT-3).  (9-0)

AGI sets P5B stock repurchase program

2017-09-19 bworldonline
ALLIANCE GLOBAL Group, Inc. (AGI) will be buying back its shares for up to P5 billion in the next two years in a bid to enhance shareholder value amid the company’s aggressive expansion program.  (4-0)

AGI sets P5B stock buyback

Tycoon Andrew Tan-led conglomerate Alliance Global Group Inc. has earmarked P5 billion for a two-year share buyback program, believing that the conglomerate’s shares are “grossly undervalued” in the stock market. (4-1)

AGI nets P6.72B

Tycoon Andrew Tan-led Alliance Global Group Inc. posted P6.72 billion in first semester net profit attributable to equity holders, down by 8 percent year-on-year on slower earnings contribution from its integrated gaming resort and liquor businesses.

Alliance Global profit hits P10.1 B

2017-08-14 philstar
MANILA, Philippines - Alliance Global Group Inc. (AGI), the holding company of tycoon Andrew Tan, posted a net income of P10.1 billion in the first half of the year, 13 percent lower than the previous year.

Resorts World operator nets P375M

Resorts World Manila (RWM) developer and operator Travellers International Hotel Group saw a 79-percent year-on-year decline in first semester net profit to P374.77 million following the suspension of gaming operations for nearly a month in June.

Genting HK and partners cut stakes in Norwegian Cruise Line

KUALA LUMPUR: Genting Hong Kong Ltd and two other shareholders of Norwegian Cruise Line Holdings Ltd (NCLH) are reducing their stakes in the global cruise company.

Pagcor lifts suspension order vs Resorts World Manila

Police patrol outside a hotel at the Resorts World Manila complex, early Friday, June 2, 2017, in Manila, Philippines. Gunshots and explosions rang out early Friday at a mall, casino and hotel complex near Manila’s international airport in the Philippine capital. AP / FILE PHOTO

Looting after Resorts World tragedy? Items stolen from dead, says solon

A congressman’s wife who died in the Resorts World Manila attack had her Rolex watch removed from her body and had money stolen from her ATM card three days after the incident, a lawmaker told a House inquiry on Wednesday.

House subpoenas chairman of firm that owns Resorts World Manila

The House of Representatives issued a subpoena for the chairperson of Travellers International Hotel Group, the company that owns and operates Resorts World Manila, the casino of which was attacked by a lone gunman last June 2.

Solaire adds more rooms, expands gaming area

2017-06-12 philstar
MANILA, Philippines - Solaire Resort & Casino, the integrated casino resort of ports tycoon Enrique Razon in Entertainment City, will add more rooms and expand its gaming area. (0-1)

Resorts World suspends operations

The Travellers International Hotel Group Inc., which operates Resorts World Manila, has suspended gaming and some hotel operations until after the probe of the deadly incident at its gaming complex last Friday.

UPDATE 1-Indebted gambler behind Philippines casino attack - police

2017-06-04 reuters
MANILA Philippine police on Sunday identified the gunman behind an attack on a casino that killed 36 people as a heavily indebted local man addicted to gambling, ruling out any involvement by Islamic militants.

Most Asean stocks rise tracking broader Asia on upbeat US data

2017-06-02 themalaymailonline
Losses in casino and travel-related stocks following an attack on a Manila casino (pic) capped the gains of Philippine shares June 2, 2017. — AFP picSINGAPORE, June 2 — Most South-east Asian stock markets rose today, tracking gains in Asian peers on investor optimism after upbeat US manufacturing and employment data suggested the world's largest economy was picking up speed.

Index tumbles as jittery investors dump gaming stocks

2017-06-02 philstar
MANILA, Philippines - Share prices tumbled yesterday as jittery investors unloaded gaming stocks following the incident in Resorts World Manila that left 38 people dead.

In the Know: Resorts World Manila

Resorts World Manila (RWM), which opened in August 2009, is an integrated gaming resort situated in Newport City, a tourism economic zone in the Philippines, and is conveniently located across from Ninoy Aquino International Airport Terminal 3.

AGI nets P14.8B

Tycoon Andrew Tan-led conglomerate Alliance Global Group Inc. booked a 6 percent increase in net profit last year to P14.8 billion, citing continued improvement in operating efficiencies as consolidated revenues stood flat.

AGI eyes $500 M from bond issue

2017-03-28 philstar
MANILA, Philippines - Andrew Tan-led Alliance Global Group Inc.(AGI) is looking to raise $500 million from the issuance of dollar-denominated bonds later this year, a company official said.

Travellers nets P3.4B

Resorts World Manila (RWM) owner and operator Travellers International Hotel Group Inc. saw a 15.4-percent decline in net profit last year to P3.4 billion on slower high-roller or VIP gaming business alongside higher US dollar bond financing costs arising from the peso depreciation.

DPWH expects Runway Manila opening in April

2017-02-25 philstar
MANILA, Philippines - The Department of Public Works and Highways (DPWH) expects the P1.9-billion pedestrian bridge called Runway Manila, which connects the Ninoy Aquino International Airport (NAIA) Terminal 3 (T3) with Newport City, to open by April.

Metro Briefs

A pedestrian bridge with walkalators linking the Ninoy Aquino International Airport’s Terminal 3 to Newport City complex in Pasay City is set to be opened to the public in April.

Top developers eye New NayongPilipino project

2017-02-09 philstar
MANILA, Philippines - Top real estate developers and infrastructure companies have expressed interest in bidding for the P1.48-billion New Nayong Pilipino at Entertainment City, a public-private partnership (PPP) project expected to kick off in March.

Gaming industry showing signs of maturation – Fitch

2017-02-06 philstar
MANILA, Philippines – The country’s gaming industry is showing signs of maturation on the back of growing supply and heightened competition, Fitch said in a report.

NAIA-Newport City walkway on track to open in early 2017

2016-12-05 philstar
MANILA, Philippines - The construction of a pedestrian bridge linking the Ninoy Aquino International Airport Terminal 3 (NAIA T3) to Newport City complex is on track and due to open in the first-half of 2017, the Department of Public Works and Highways (DPWH) said yesterday.

Southeast Asia currency slide inflates a US$20 bil debt bill

2016-11-29 theedgemarkets
(Nov 29): Here we go again. Southeast Asia is bracing for rising debt bills, as the region’s currencies slide.