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Century Properties, Mitsubishi tie up for housing venture

MANILA, Philippines - Century Properties Group Inc., has partnered with Japanese industrial giant Mitsubishi Corp.,for the development of  horizontal housing.....»»

Category: financeSource:  philstarRelated NewsNov 24th, 2016

Century Properties Group bullish after Trump win

MANILA, Philippines – US President-elect Donald Trump’s business partner in the Philippines, Century Properties Group, is optimistic on growth prospects of i.....»»

Category: financeSource:  philstarRelated NewsNov 13th, 2016

Century Communities defends ECC compliance

On the risk of losing environmental clearance, Century Communities Corporation, a subsidiary of listed property developer Century Properties Group, Inc. (CPI),.....»»

Category: newsSource: NewsAug 22nd, 2016

Corporate News: Century Properties seeks to launch REIT

CENTURY Properties Group, Inc. (CPG) is building up a portfolio of assets expected to deliver recurring revenues amounting to P1 billion by 2020, and allowing the company to launch a real estate investment trust (REIT) for fresh capital......»»

Category: financeSource:  bworldonlineRelated NewsJul 24th, 2016

Century Properties venturing into economic housing sector

MANILA, Philippines Century Properties Group is venturing into the economic housing segment as part of its 2020 blueprint......»»

Category: financeSource:  philstarRelated NewsJul 23rd, 2016

FIFA to expand World Cup to 48 teams in 2026

GRAHAM DUNBAR, AP Sports Writer br /> ZURICH (AP) — FIFA will expand the World Cup to 48 teams, adding 16 extra nations to the 2026 tournament which is likely to be held in North America. President Gianni Infantino's favored plan — for 16 three-team groups with the top two advancing to a round of 32 — was unanimously approved Tuesday by the FIFA Council. It meets Infantino's election pledge of a bigger World Cup, and should help fund promised raises for FIFA's 211 member federations. With 80 matches instead of 64, FIFA forecasts the equivalent of $1 billion extra income at current rates from broadcasting and sponsor deals, plus ticket sales, compared to $5.5 billion revenue forecast for the 2018 World Cup in Russia. FIFA projects an increased profit of $640 million despite some extra operating costs and prize money for teams. FIFA's six continents should find out by May how many extra places they will each get. UEFA wants 16 European teams at the tournament, which is strongly favored to be played in North America. The CONCACAF region has not hosted the World Cup since the 1994 tournament in the United States. American, Canadian and Mexican soccer leaders have had informal talks about a co-hosting bid. Africa and Asia could be winners in a bigger World Cup with up to nine places each. They had only five and four teams, respectively, at the 2014 World Cup in Brazil. Still, FIFA said it expects the standard of soccer to drop compared to the 32-team format locked in for the next two World Cups in Russia and Qatar. The 'absolute quality' of play, defined by high-ranked teams facing each other most often, is achieved by 32 teams, FIFA acknowledged in a research document sent to members last month. It made 10,000 tournament simulations to reach that conclusion. Instead, Infantino wants to create fervor and months of anticipation back home in the 16 extra nations which would qualify, some probably making their World Cup debut. FIFA has pointed to Costa Rica, Wales and Iceland as examples of teams which overachieved at recent tournaments. FIFA must break with soccer tradition to make its new format work after an original 48-team plan — with an opening playoff round sending 16 'one-and-done' teams home early — was unpopular. Instead, three-team groups will replace the usual groups of four to create simple progress to a knockout bracket. However, it leaves one team idle for final group games and could risk collusion between the other two teams. FIFA said it could guard against result-rigging by introducing penalty shootouts after group games that end in draws. Despite the 16 extra games, FIFA believes the current maximum of stadiums needed will stay at the 12 used by Brazil and Russia. However, the demand for more training bases and hotels means developed countries would be better equipped to win future hosting contests. North America is the strong favorite for 2026 because European and Asian countries are blocked by a FIFA rule excluding continents which hosted either of the two previous tournaments. Russia will host the World Cup next year and Qatar in 2022. South America has been focused on a centenary tournament including original 1930 host Uruguay, and African nations are seen as lacking existing capacity and unlikely to fund multi-billion dollar infrastructure spending. .....»»

Category: sportsSource:  abscbnRelated NewsJan 10th, 2017

FIFA set to approve bigger, richer World Cup on Tuesday

GRAHAM DUNBAR, AP Sports Writer   FIFA is set to make the World Cup bigger and richer, even if the price to pay is lower quality soccer. FIFA President Gianni Infantino hopes his ruling Council will agree Tuesday to expand the 2026 World Cup to 48 nations, playing in 16 groups of three teams. A decision could be delayed if some Council members demand to know exactly how many qualifying places each continent will get before agreeing to scrap the 32-team format. It has been successful, popular and profitable since 1998 and is locked in for the next two World Cups in Russia and Qatar. The prize of 16 extra places, and the biggest increases to Africa and Asia, has 'overwhelming' support from FIFA's 211 member federations, Infantino has said. Their promise of extra funding from Zurich could also be secured by FIFA's forecast 20 percent rise in rights fees paid by broadcasters and sponsors. 'Financially, the 48-team format is the most appealing or successful simply because the sporting element is prevailing and every match is important,' Infantino said two weeks ago. 'The decision should not be financially driven, neither in terms of revenue or costs ... but the driver should really be the development of football and boosting football all over the world.' World Cup champion Germany is not in favor. It argued that diluting the number of European and South American teams — which won all 20 titles since 1930 — could 'strengthen the imbalance' seen at some tournaments. 'The (German soccer federation) fundamentally believe that the current 32-team format is the best option,' its president Reinhard Grindel said last week. Germany has no delegate at Tuesday's meeting though Grindel is set to join the FIFA Council in May. FIFA acknowledged the risk of lower standards in a research document sent to members last month, as first reported by The Associated Press. The 'absolute quality' of soccer, defined by high-ranked teams playing each other most often, is achieved by 32 teams, FIFA said, citing 10,000 tournament simulations made to reach that conclusion. Still, Infantino promised voters more World Cup places and funding raises before his election last February. FIFA expects $5.5 billion income tied to the 2018 World Cup in Russia, though 25 of 34 sponsorship slots are unsold. The research document predicted the equivalent of $6.5 billion revenue from a 48-team tournament in the '16x3' format, which would send two teams from each group to a new Round of 32 knockout bracket. All 80 matches would play in an exclusive time slot. Currently, 64 World Cup matches have 56 broadcast slots because the eight four-team groups play their last matches simultaneously. FIFA predicts organizing costs for '16x3' rising from $2 billion to $2.3 billion, giving a potential profit rise of $640 million. Though a '16x3' World Cup would still need a maximum of 12 stadiums, the demand for 16 more top-quality training camps and hotels suggests FIFA would look for 2026 hosts with existing capacity. A North American bid from two or three of the United States, Canada and Mexico is currently favored in a contest that could start within weeks. Five options are open Tuesday, including staying with 32 teams. Infantino campaigned last year on a 40-team promise, in either eight groups of five teams or 10 groups of four teams. Neither impressed voters in recent regional meetings of FIFA member federations. When the FIFA leader first proposed 48 teams, it included an opening playoff round. The 16 winners would join 16 seeded teams in a traditional 32-team group stage. FIFA members disliked 'one-and-done' teams going home before the 'real' World Cup kicks off. It would also stretch to a 39-day event with more short-notice travel for fans. Africa and Asia could be the big winners, and FIFA hopes new teams would include another Iceland, Wales and Costa Rica — over-achieving teams and feelgood stories at recent tournaments. Still, hapless Tahiti was outclassed at the 2013 Confederations Cup, conceding 24 goals in three games. 'The goal of expanding the FIFA World Cup,' it has told members, 'is to further advance the vision to promote the game of football, protect its integrity and bring the game to all.' ___ Entry quotas for 2018 World Cup: Europe 14 (including host Russia to qualify direct); Africa 5; Asia and South America 4.5 each; North, Central America and Caribbean 3.5; Oceania 0.5. .....»»

Category: sportsSource:  abscbnRelated NewsJan 8th, 2017

JICA, DA team-up boost agri sector

The Japan International Cooperation Agency (JICA), Department of Agriculture (DA), and Japanese non-profit group Japan Agricultural Exchange Council (JAEC) trained 2,500 Filipino farmers in 14 provinces on safe plant and vegetable production technology in.....»»

Category: newsSource:  tempoRelated NewsDec 13th, 2016

Del Monte’s profit drops 58% to $21m

Del Monte’s profit drops 58% to $21m.....»»

Category: financeSource:  thestandardRelated NewsDec 7th, 2016

Century Properties partners with Mitsubishi for affordable housing

Century Properties partners with Mitsubishi for affordable housing.....»»

Category: newsSource:  rapplerRelated NewsNov 25th, 2016

Century Properties, Mitsubishi team up to build houses

Century Properties, Mitsubishi team up to build houses.....»»

Category: financeSource:  thestandardRelated NewsNov 24th, 2016

Alsons profit more than halved in 9 months

MANILA, Philippines - Alsons Consolidated Resources Inc., the publicly-listed investment holding company of the Alcantara Group, more than halved its nine-mo.....»»

Category: financeSource:  philstarRelated NewsNov 18th, 2016

Mindawon artists to hold exhibit to support Tebow Cure Hospital

DAVAO CITY (MindaNews / 14 Nov) – A group of Mindanawon artists will hold an exhibit to promote art as a tool for healing and to raise funds that will benefit the children being taken care of by the one-year-old non-stock and non-profit Tebow Cure .....»»

Category: newsSource:  mindanewsRelated NewsNov 14th, 2016

LT Group hikes profit to P6.25 B in Jan-Sept

MANILA, Philippines - LT Group Inc......»»

Category: financeSource:  philstarRelated NewsNov 11th, 2016

Shares in Century Properties rally after Trump's US presidential win

Shares in Century Properties rally after Trump's US presidential win.....»»

Category: newsSource:  rapplerRelated NewsNov 9th, 2016

Special envoy to US to remain Century Properties CEO

Special envoy to US to remain Century Properties CEO.....»»

Category: newsSource:  manilatimes_netRelated NewsNov 7th, 2016

Century Properties chair, CEO Antonio is special envoy to US -

Century Properties chair, CEO Antonio is special envoy to US -»»

Category: newsSource:  googlenewsRelated NewsNov 6th, 2016

Max’s profit grows 3% in Jan-Sept

MANILA, Philippines - Max’s Group Inc......»»

Category: financeSource:  philstarRelated NewsNov 4th, 2016

Max’s Group 9-mth profit rises 3% to P380.56M

Max’s Group 9-mth profit rises 3% to P380.56M.....»»

Category: newsSource:  manilatimes_netRelated NewsNov 4th, 2016

Aboitiz Group’s net profit jumps 44%

Aboitiz Group’s net profit jumps 44%.....»»

Category: financeSource:  thestandardRelated NewsOct 26th, 2016