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Cebu Landmasters FY23 profit: P4.6-B (up 29%)
Cebu Landmasters [CLI 2.85 unch] [link] teased its FY23 performance at an analyst briefing where it revealed full-year net income of P4.6 billion (up 29%) and total revenues of P18.8 billion (up 20%)......»»
Cebu Landmasters prices its follow-on offering
Cebu Landmasters set the dividend rates for its P5 billion follow-on offering that will begin selling to the public tomorrow......»»
Cebu Landmasters FOO approved by the PSE
Cebu Landmasters had its follow-on offering of preferred shares approved by the PSE......»»
Cebu Landmasters board approves P5-B preferred shares offering
Cebu Landmasters announced that its board of directors approved a measure to sell up to P5 billion worth of its Series A preferred shares in an upcoming follow-on offering......»»
Shear line affects over 80-K families in Davao
The shear line in the Davao Region has had a significant impact on over 80,000 families, as reported by the Office of Civil Defense-Davao Region (OCD-Davao). The affected families are spread across Davao de Oro, Davao del Norte, Davao Occidental, and Davao Oriental. Evacuation efforts have been underway, with some families still in shelters. Tragically, casualties have been reported, including fatalities and injuries due to landslides and flooding. The infrastructure has also suffered, with roads and bridges being blocked or damaged. The Department of Social Welfare and Development-Davao Region (DSWD-Davao) has been providing relief to affected residents, and the local government units have also contributed aid. In response to the shear line, the OCD-Davao has raised its Blue Alert status, emphasizing the need for intensified monitoring and immediate mobilization of resources. The situation remains challenging, with ongoing flooding and landslides affecting numerous areas in the region......»»
Lyceum drubs MCU
Lyceum of the Philippines University gave its home fans something to be proud of by crushing the visiting Manila Central University, 102-65, in the Universities and Colleges Athletic League-PG Flex Linoleum Season 6 yesterday at the University of Batangas gym in Batangas City......»»
CEU escapes Lyceum in UCAL cagefest
Centro Escolar University was held scoreless in the last four minutes but held on to beat Lyceum of the Philippines University, 72-69, in the Universities and Colleges Athletic League-PG Flex Linoleum Season 6......»»
Lyceum ends UCAL slump
Lyceum of the Philippines-Batangas nailed its first win by drubbing Philippine Women’s University, 94-75, yesterday in the Universities and Colleges Athletic League-PG Flex Linoleum Season 6 at the Paco Arena in Manila......»»
CLI secures PCC approval for JV with Singapore builder
Property developer Cebu Landmasters Inc. has received approval from the antitrust body to proceed with its joint venture with a Singapore-based builder for the construction of high-end residences in Cebu City......»»
Uncertainty looms over Davao-Samal Bridge project amid RoW hurdles
The construction of the Samal Island-Davao City Connector (SIDC), also known as the Davao-Samal Bridge project, has faced numerous setbacks due to right-of-way (ROW) acquisition challenges. The project was halted on January 3, 2024, due to issues with landowners near a pier in Lanang at Davao City, leading to delays in the project's implementation. While there have been conflicting statements regarding the project's status, the National Economic and Development Authority-Davao Region (Neda-Davao) aims to complete the detailed engineering plans for the substructure of the west land via dock once the Deed of Transfer Possession in Davao City is released. However, ROW issues continue to persist. Despite these challenges, the project is still considered a priority and is included in the Davao Region Development Plan (DRDP) for 2023–2028. The project is funded through China’s Official Development Assistance with an estimated budget of P23.04 billion, and negotiations with the Philippine government are ongoing with a target completion date in 2027. The uncertainty surrounding the project's timeline remains as ROW hurdles persist, impacting the much-anticipated toll-free four-lane concrete exodus bridge spanning a 3.98-kilometer distance......»»
CLI approves issuance of P5 billion preferred shares
Cebu Landmasters Inc., the listed property developer focused in the Visayas and Mindanao regions, will issue five million Series A preferred shares to raise up to P5 billion......»»
ACEN, BrightNight to develop 1 GW of renewables in Philippines
ACEN, BrightNight to develop 1 GW of renewables in Philippines.....»»
BOI-assisted RE firm to develop floating solar project in Laguna Lake
SunAsia Energy Inc., a firm assisted by the Board of Investments (BOI), will soon develop a floating solar project in Laguna Lake after signing a contract with the Laguna Lake Development Authority (LLDA)......»»
The 12th PropertyGuru Philippines Property Awards Diversify to Spotlight the Country’s Growing Investment Destinations
The 2024 edition of the PropertyGuru Philippines Property Awards is set to present the highest marks of excellence to real estate enterprises and design leaders across Luzon, Visayas, and Mindanao. The 12th Annual PropertyGuru Philippines Property Awards, presented by Kohler and supported by Boysen Paints and Dongpeng Ceramic, will be celebrated Friday, 6 September 2024 […].....»»
Aboitiz InfraCapital’s West Cebu Estate Earns Recognition as ‘Best Industrial Development in Asia’ at Asia Property Awards
In its inaugural appearance at PropertyGuru’s Asia Property Awards, Aboitiz InfraCapital (AIC) Economic Estates’ West Cebu Estate clinched the prestigious title of “Best Industrial Development in Asia.” This recognition shines a spotlight on Balamban, Cebu, establishing it as a vibrant global investment hub. The achievement is attributed to the strong economic and social development fostered […].....»»
PHOTO ESSAY: Waterworld in Carmen
CARMEN, Davao del Norte (MindaNews / 02 February) – Travel from Davao City to Tagum City and other parts of the Davao region, Agusan-Surigao and Manila was cut off Friday due to flooding in Barangay Tuganay. Tuganay connects Davao City with Tagum in Davao del Norte, from where one can proceed to Davao Oriental, Davao de […].....»»
Mati City, 10 municipalities in Davao Oriental suspend classes, work
Following the impact of a Low-Pressure Area (LPA) affecting Northern and Southern Mindanao, local government units (LGUs) in Davao Oriental have collectively suspended classes and government and private offices. The City of Mati and 10 municipalities, including Baganga, Governor Generoso, Cateel, and others, have issued Executive Orders in line with Presidential Executive Order No. 66, series of 2012. The Philippine Atmospheric, Geophysical and Astronomical Services Administration (Pagasa) has forecasted moderate to heavy rains in Davao Oriental due to the Northeast Monsoon (Amihan) and LPA, posing a risk of landslides and flash floods. The Provincial Local Government Unit of Davao Oriental and Municipal Disaster Risk Reduction Management Councils have reported landslides in Lupon and Cateel, with ongoing clearing operations. The Bureau of Fire Protection and other government agencies have rescued families affected by flash floods in Cateel and Caraga. Franz Irag from the Office of Civil Defense-Davao Region confirmed that around 200 individuals or close to 500 families in Davao Region have been displaced and are now in evacuation centers. Additionally, five LGUs in the province of Davao de Oro have also declared the suspension of classes and work in both public and private offices......»»
Travel agencies group warns about cheap, illegal operators
The Davao Travel Agencies Association (DTAA) has issued a warning about unregistered and illegal travel and tour operators in their area. These operators have been found to be offering travel and tour services without proper licensing, leading to issues such as lack of refunds, scheduling problems, and other travel arrangement discrepancies. Pia Partoza Montano, a travel agency owner and Vice-President for the Travel and Tours Sector of DTAA, emphasized the prevalence of these unauthorized operators, particularly in inbound tourism, and the challenges in monitoring and regulating them due to their large numbers. Montano also highlighted the potential risks associated with using these unregistered agencies, as they may offer cheaper rates but could lead to problems in case of incidents. To address this issue, the Department of Tourism-Davao (DOT-Davao) has introduced a QR code system to help the public verify the legitimacy of travel agencies by accessing data on authorized and registered operators. The DOT-Davao encourages travelers to transact with accredited enterprises to ensure the quality and reliability of their travel arrangements. Currently, there are at least 109 registered travel and tour agencies in Davao City under DOT-Davao's accreditation. The DOT-Davao also provides information on the requirements for registration and renewal for travel agencies on their official website. This warning serves as a reminder for the public to be cautious and discerning when engaging with travel and tour operators to avoid falling victim to unauthorized and illegitimate services......»»
Mandtra Residences Showroom Opens In Mandaue City
Cebu Landmasters Inc. (CLI) and Cebu Homegrown Developers Inc. opened Mandtra Residences’ showroom in Casuntingan, Mandaue City. Elegantly designed with an urban tropical style, the high-ceiling showroom includes outdoor and indoor lobbies, a reception area, a meeting room, sales office, a bare studio type unit, and fully-furnished studio and one-bedroom units. CLI Chairman and Chief.....»»
IN PHOTOS: Balik Cebu 2024
Summary: The Balik Cebu 2024 event, hosted at the Terraces, Ayala Center Cebu, has been a prominent part of the Sinulog festival for 22 years. In collaboration with the Cebu City Government, Mactan International Airport Association, and other tourism stakeholders, it aims to welcome back balikbayans (returning Filipinos) for the grand Sinulog festival. The Balik Cebu Dinner Show offers balikbayans the complete Sinulog experience, featuring Filipino cuisine, performances by Cebuano artists, the Sinulog Mardi Gras, the presentation of Miss Cebu winners and her court, Tribu Basakanaon, and a band performance. Tickets priced at P500 can be purchased at the Balik Cebu Turista Desk by presenting a passport or proof of residence outside the Philippines. Balikbayans can also buy up to three additional tickets for non-balikbayans accompanying them. The event will take place at Ayala Center Cebu on January 18 at 6 PM. (SPONSORED CONTENT).....»»