Business NEWS

GT Capital Holdings, Inc., the holding company of the family of Dr. George S.K. Ty, announced the appointment of Francisco C. Sebastian as chairman of the company’s Board of Directors as former Chairman Arthur V. Ty takes the back seat as director in a move to further professionalize the conglomerate’s operation.

Joint venture expected to build milestone developments that combine Filipino sensibility and Japanese efficiency.

Federal Land, Inc., the real estate arm of GT Capital Holdings Inc., has formed a P48-billion joint venture with Nomura Real Estate Development Co., Ltd., Japan’s second largest real estate developer.

Toyota Motor Philippines (TMP), the country’s largest car company, has acknowledged that while it continued to import vehicles to meet local demand it also said that producing vehicles locally is an even more essential part of the economic recovery efforts of the government.