Property developer Alphaland Corp. is expanding the capacity of flagship island-resort project Balesin Island Club this year and is seeking government authority to allow members to fly from overseas locations straight into the airstrip of the upscale leisure estate.
Keeping harmony with the natural landscape of a site is a challenge to all developers. The best to do so is by integrating their designs with the tropical elements, resisting the urge to slather everything under a layer of concrete.
Leisure and Resorts World Corp. may be teaming up with Misibis Bay developer Zaldy Co to buy out Lucio Co’s 50-percent stake in Midas Hotel but it may enter into a tie-up with the latter in another venture. Despite talks of a rift between the two Cos (who, by the way, are not related), LWRC seems to be in good terms with both. In fact, LWRC is in preliminary talks with Lucio Co’s group on a prospective project to roll out its Bingo Bonanza parlors in the Chinoy businessman’s fast-growing grocery network under Puregold Price Club, which is so far giving the stiffest competition to retail king Henry Sy’s SM group.
While tax men are having a tough time meeting revenue targets, the National Telecommunications Commission has been giving out multimillion-peso discounts on fees to telcos and equipment providers.
