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By Doris C. Dumlao
Gotianun-led Filinvest Development Corp., keen on expanding its tourism-oriented property business in key areas across the country, is planning a 200-room luxury hotel on Boracay island, which will be the third under its homegrown Crimson hospitality brand.
The country may now be officially classified as investment grade and foreign funds are flooding local financial markets, but things at the Bangko Sentral ng Pilipinas are as busy as ever.
By Paolo G. Montecillo
The government is planning to order the country’s top airlines to reduce flights to Caticlan, the gateway to Boracay Island, in the middle of the peak summer season due to almost daily and unexplained cancellations of flights.
By the staff
The Philippines may have reached investment-grade status but its corporate watchdog, the Securities and Exchange Commission, is languishing at sub-par payroll levels and now faces an exodus of key officers.
By the staff
Not a few people were surprised when word appeared on social media that the Bureau of Internal Revenue has offered a P150-million reward for anyone who could provide “prima facie evidence” that supports what appears to be the agency’s ongoing probe of Cosmetique Asia Silka Papaya (yes, the firm that makes that whitening soap product).
By Botchi Santos
When people think Boracay, people think beach, party, gimmick, gastronomic adventures, beautiful, breathtaking sights and public transport. While Caucasians seem to lap up this very native, low-tech experience of driving in converted multicabs and tricycles, I’ve always dreamt of driving a proper car and exploring some of Boracay’s less popular but glorious sights and sounds. And believe it or not, there are some pretty great roads on the small island. Some lead up to tall peaks such as the summit of Mt. Luho, which overlooks Paradise Cove, the private beach of Fairways and Bluewater’s planned massive Newcoast Expansion.
State-owned Development Bank of the Philippines (DBP) was recognized for its effort to promote water sustainability in Boracay by the Association of Development Financing Institutions in Asia and the Pacific (ADFIAP) during its annual awards program held in Istanbul, Turkey, recently.
By Theresa S. Samaniego
Shangri-la, by definition, depicts of an imaginary land—a remote, beautiful and idyllic hideaway where life approaches perfection and eventually, nirvana.
By Tessa R. Salazar
When you’re caught between an airport and an island paradise, where do you go? Two hotels serve as pleasant surprises for tourists in Kalibo, Aklan, and the island paradise of Boracay. They’re just over 70 kilometers apart, but are strategically located, secure, neatly laid-out and affordable.
By Riza T. Olchondra
A new submarine water pipeline in Boracay is expected to be completed by the end of this month, in time for the surge in tourist arrivals on the island, Ayala-led Manila Water Co. Inc. said in a statement Tuesday.
Ayala-led Manila Water Co. Inc. said its subsidiary, Boracay Island Water Co. Inc. (BIWC), signed a P500-million term loan facility with an option to increase the amount to P1 billion. The loan deal, which is under the Philippine Water Revolving Fund (PWRF), was signed with Development Bank of the Philippines and Security Bank. The PWRF [...]
By Doris C. Dumlao
Tycoon Andrew Tan plans to invest P20 billion in two major leisure estate communities in Boracay and Tagaytay through newly acquired property unit Global-Estate Resorts Inc. which will focus on tourism-oriented property projects.