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Ayala invests P16B in 6 malls

Ayala invests P16B in 6 malls

AYALA MALLS will have invested P16 billion upon completing its sixth shopping center scheduled to open within the year. The mall business of listed property developer Ayala Land, Inc. earmarked such an amount for disbursement over a three-year period, its head Rowena M. Tomeldan said in an e-mail correspondence. In an earlier interview, Ms. Tomeldan […]

Waterfront plans to turn Davao hotel into mixed-use development

Waterfront plans to turn Davao hotel into mixed-use development

DAVAO CITY — Gatchalian-owned Waterfront Philippines, Inc. (WPI) has laid out a 10-year masterplan for its Waterfront Insular Hotel Davao, which will turn one of the city’s oldest hotels into a mixed-use leisure complex. The masterplan, presented by the Gatchalians to President Rodrigo R. Duterte in Malacañang last week, aims to use the vacant spaces […]

Manila’s biggest casino complex readies formal opening in February

After several months of delay, Okada Manila is set to formally open its doors next month to make the $2-billion development the biggest integrated casino resort in the country. In an interview with the Inquirer, Philippine Amusement and Gaming Corp. chair Andrea Domingo said the sprawling casino hotel complex—owned by Japanese gaming tycoon Kazuo Okada—is […]