Megaworld net income rises 11% to P9.27B

Posted by & filed under Megaworld Corporation.

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PROPERTY giant Megaworld Corporation posted an 11 percent rise in net income in the first nine months of the year on higher rental income from its office and commercial retail businesses. In a disclosure to the Philippine Stock Exchange on Wednesday, Megaworld said its net income in the nine-month period increased to P9.27 billion from… Read more »

The place that put the Philippines on the world map

Posted by & filed under Lifestyle.

In Photo: Mactan Island IN the past, the city of Lapu-Lapu was known as the place where local chieftain—the city’s namesake, Lapu-Lapu—defeated and killed Portuguese explorer Ferdinand Magellan, putting on hold Spain’s ambition to colonize the Philippine islands for another 40 or so years. Today, the city is known for quite different reasons. Although much… Read more »

Megaworld spending P8.5B for hotel expansion

Posted by & filed under Megaworld Corporation.

The developer will build a total of 5 more hotels in Boracay, Manila, and Cebu. GOAL. By 2020, Megaworld’s Andrew Tan says his firm’s 3 local hotel brands will have a total of around 3,800 hotel rooms. Photo by Rob Reyes/Rappler MANILA, Philippines – Andrew Tan-led Megaworld Corporation is spending P8.5 billion to expand its… Read more »

16,000 delegates expected to attend the 51st IEC in Cebu

Posted by & filed under Culture.

MANILA — Some 16,000 delegates coming from various parts of the world are expected to attend the 51st International Eucharistic Congress (IEC) to be held in Cebu City on Jan. 24-31. Msgr. Jose Palma, Archbishop of Cebu, made the announcement during a live television interview of the US-based EWTN Television Network hosted by Fr. Mitch… Read more »

What is Cebu’s Sinulog Festival All About?

Posted by & filed under The Mactan Newtown.

There is a famous story that circulated in the late 80’s, perhaps a product of the frequency of super typhoons in country. The tale speaks of a deaf child with a warm smile, trudging through the thoroughfares of Metro Manila one October afternoon. For some reason, the kid wore boots and toyed with an umbrella… Read more »