Tycoon Dr. Andrew Tan has so far invested ₱1.33 billion as he continues to mop up shares of Emperador Inc., which faces removal from the Philippine Stock Exchange’s benchmark index if the public float falls below 20 percent. Emperador disclosed to the Philippine Stock Exchange that Tan’s...
Tycoon Dr. Andrew Tan has bought another ₱333-million worth of shares of Emperador Inc. from the market, bringing his two-day purchase total to ₱666 million. The move aims to reduce the company’s public float and bring it closer to the 20-percent minimum public ownership requirement. In a...
In a show of confidence to the company he built up from a small local player into a multi-billion, global brandy and whisky empire, tycoon Dr. Andrew Tan has bought from the open market ₱333 million worth of the shares of Emperador Inc. In a disclosure to the Philippine Stock Exchange, the liquor...
Alliance Global Group Inc. (AGI), the investment holding company of tycoon Dr. Andrew Tan, is cutting capital expenditures (capex) for 2025 following a decline in earnings in 2024. In a disclosure to the Philippine Stock Exchange (PSE), the firm said it is allotting ₱63 billion for capex this...
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...
Emperador Inc., the brandy and whisky unit of tycoon Andrew Tan’s Alliance Global Group, registered a 19 percent drop in attributable net income to P3.8 billion in the first semester of 2024 from the P4.7 billion earned in the same period last year. In a disclosure to the Philippine Stock...
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...
Mactan Expo Center (Artist's perspective) Lapu-Lapu City in Cebu is well-known for its beautiful beaches, rich cultural heritage, and warm hospitality. Now, it has entered a new phase of development with the addition of a modern convention facility, the Mactan Expo Center. Property giant Megaworld...
