Megaworld Corporation, the country’s pioneer builder of townships, reported a 16 percent growth in net income for the first nine months of 2024 to P15.69 billion, from P13.5 billion in the same period last year, as all its key businesses improved. In a disclosure to the Philippine Stock Exchange...
Megaworld Corporation is expanding its township footprint to Ilocos Norte by investing P15 billion to develop an 84-hectare land along the coastline of Laoag City into a premium mixed-use beachside township. In a disclosure to the Philippine Stock Exchange, the firm said the budget will be spent...
The Securities and Exchange Commission (SEC) has approved the acquisition by MREIT Inc., the real estate investment trust of township developer Megaworld Corporation, of six prime PEZA-accredited office properties worth P13.15 billion. In a disclosure to the Philippine Stock Exchange...
Alliance Global Group Inc. (AGI), the investment arm of tycoon Dr. Andrew Tan, is planning to develop a $300 million integrated resort and casino in Boracay in addition to its planned $400 million for a similar, but bigger, project in Mactan. In an interview during the Inside Asian Gaming...
Alliance Global Group Inc. (AGI), the investment holding company of tycoon Dr. Andrew Tan, is ramping up its hotel business expansion target to over 12,000 rooms by 2028 to 2029 instead of 2030, as it banks on the growth of the tourism industry. In an interview, AGI President and CEO Kevin Andrew...
Newport World Resorts Chairman Kevin L. Tan and multi-Michelin-starred Chef Gordon Ramsay Gordon Ramsay Bar & Grill Philippines is set to open its doors this August at Newport World Resorts, marking the internationally acclaimed chef’s first restaurant in the country. The announcement...
Alliance Global Group Inc. (AGI), the investment holding company of tycoon Andrew Tan, posted a four percent dip in attributable net income to P8.8 billion in the first half of 2024 from P9.2 billion in the same period last year. In a disclosure to the Philippine Stock Exchange, the firm said...
Megaworld Corporation, the flagship real estate firm of tycoon Dr. Andrew Tan, is investing P12 billion to develop a 25-hectare integrated active wellness township through a partnership with the group behind The Farm at San Benito in Lipa, Batangas. In a statement, Megaworld said San Benito Private...
MREIT Inc., the real estate investment trust of Megaworld Corporation is seeking to diversify its portfolio to include retail spaces as part of its aim to expand its assets to one million square meters of gross leasable area by 2030. MREIT President and CEO Kevin L. Tan “We will begin to...
Tycoon Dr. Andrew Tan has handed over the reins of Megaworld Corporation, which he founded more than 30 years ago, to Lourdes T. Gutierrez-Alfonso who will serve as the company’s new president effective immediately. Megaworld's new President Lourdes T. Gutierrez-Alfonso In a disclosure to...
Tycoon Andrew Tan’s firstborn Kevin Andrew L. Tan has been named president of their holding company Alliance Global Group Inc. (AGI) following the retirement of Kingson U. Sian from leadership roles in AGI, Megaworld Corporation, and Travellers International Hotel Group (TIHGI). Former AGI and...
Tycoon Andrew Tan’s holding company Alliance Global Group Inc. is infusing P2.61 billion into property development subsidiary Megaworld Corporation through subscription of new shares. In a disclosure to the Philippine Stock Exchange, AGI said its Board of Directors has approved the subscription...
