BIZ BUZZ: ALI readies something special for iconic ABS-CBN HQ
MANILA, Philippines — Ayala Land Inc. (ALI) will soon further expand its land bank of 10,000 hectares with the acquisition of Lopez-led ABS-CBN Corp.’s 30,000-square-meter Quezon City property, which houses the Kapamilya network’s broadcasting center.
And Anna Ma. Margarita Bautista-Dy, president and CEO of the property developer, knows just how valuable this piece of land is.
The ALI official, in a press briefing on Thursday in Makati, said they were still planning how the property will be transformed in the future. But one thing is for sure, it should be worthwhile.
“We would like to make something unique in that area given that it is quite a busy area and there are few other developments there,” she said.
However, Bautista-Dy said they do not have the specific timeline yet for the project.
The P6.24-billion property sale was signed in February. ABS-CBN is set to consolidate its its operations at the Eugenio Lopez Jr. Communications Center, which is also within the same vicinity, following the transaction. — Tyrone Jasper C. Piad
Nonstop daily flight to Doha
Doha, Qatar–where there are over 200,000 overseas Filipino workers–has become more accessible with Philippine Airlines’ (PAL) new partnership.
The flag carrier will offer daily nonstop flights between Manila and Doha, Qatar starting June 16 via codeshare partnership with Qatar Airways.
Apart from providing direct route to Doha, passengers will also be connected to over 170 destinations in Qatar Airways network. These includes countries in Africa, the Americas, Central Asia, Europe and the Middle East.
“As PAL expands its presence across the globe, we are delighted to fore new alliances that build new connections and give our business and leisure passengers more flexibility and seamless access in flying to their desired destinations,” PAL president and chief operating officer Stanley Ng said in a statement on Thursday.
For this route, PAL will deploy its long-range Airbus A330-300 aircraft in a dual-class configuration that includes 18 flat-bet seats in the business class and 341 seats in the economy class. — Tyrone Jasper C. Piad
