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Globe closed on an additional P1.16-B in tower sales
Globe Telecom, the Zobel Family’s telecommunications company, disclosed that it closed on the sale of another 91 cell towers to Frontier Towers to raise approximately P1.16 billion in cash......»»
Globe gets P5 billion from sale of towers
Telco-to-tech provider Globe Telecom Inc. raised almost P5 billion from the sale of towers in the first quarter, providing it with some of the capital needed to upgrade services and pay debts......»»
BTr raises P120 billion from T-bond sale
The government raised the entire program of P120 billion in long-term securities this month even as investors’ asking rates were mixed......»»
Knowing one’s IP right
Copyright registrations at the Intellectual Property Office of the Philippines or IPOPhl reached record-high levels last year. And this, according to IPOPhl, signifies increased awareness of the importance of copyright registration......»»
Rama: No need to rush RPT revision
CEBU CITY, Philippines – Cebu City Mayor Michael Rama said revising the Real Property Tax (RPT) wasn’t yet necessary, showing a sudden change in his position. At first, Rama said the RPT revision had to be done this month. Later, he told the council that imposing the RPT suddenly wasn’t necessary, showing a change in.....»»
NAIA sale to pay debts
Amid the excitement over the successful privatization of NAIA’s rehab and operation, Finance Secretary Ralph Recto mused about the future of NAIA beyond the 15-year San Miguel concession period......»»
BPI to sell its entire 15% GoTyme Bank stake back to the Gokongweis
Zobel Family banking unit BPI disclosed that its board of directors has approved the sale of BPI’s stake in GoTyme Bank to a subsidiary of JG Summit and a company called Giga Investment Holdings Pte. Ltd. at a price of P1.20/share......»»
Citicore Energy REIT doesn’t deny report of potential 30% stake sale
Citicore Energy REIT responded to a Biz Buzz article that claimed a “blue chip conglomerate” (BCC) was in negotiations to acquire “a little less than 30%” of CREIT in a deal that would be completed “in the coming days or weeks”......»»
Four-year-old boy dies after falling off from 21st floor of condo building
A four-year-old boy died after falling off from the 21st floor of a condominium building located at the corner of Mabini Street and Quirino Avenue in Malate, Manila. PSSg John Paul Rojo of the Manila Police District -homicide section said the victim is a resident of Block 3 Lot 19 Don Gregorio Heights, Dasmariñas, Cavite. […].....»»
Car crashes on EDSA busway, snarls traffic
A car crashed into the barriers along the EDSA busway in Boni Avenue, Mandaluyong yesterday afternoon, the Metropolitan Manila Development Authority reported......»»
Anissa Heights: For discerning home seekers
DMCI Homes’ upcoming project in Pasay City reaffirms the property developer’s commitment to providing quality housing options for a diverse range of home seekers. “Anissa Heights exemplifies DMCI Homes’ dedication to delivering housing solutions that adapt to the market’s evolving needs,” DMCI vice president for Project Development Dennis Yap said. The soon-to-launch Anissa Heights is a residential condominium located in P. Zamora, Pasay City, that aims to cater to a broader audience of individuals and families, offering the opportunity to own a home in a prime urban location. It provides easy access to key areas, including the Bay City, and convenient connections to Makati City through EDSA and other major road networks. Future residents will also appreciate the convenience of a transit-oriented development with the nearby MRT-3 Taft Avenue and LRT-1 EDSA stations. ANISSA Heights Its 1,390 units range from a studio type (16 sqm-26sqm) to one bedroom (27.5 sqm), ideal for rental business (short-term or long-term). This one-tower, 34-storey modern development influenced by the concept of urban living also features a wide array of amenities, such as a swimming pool, fitness gym, multi-purpose court, open sky lounge, entertainment room, play area and landscaped gardens, providing a complete resort-like experience. “This new project stands as a testament to DMCI Homes’ vision to redefine urban living, making it accessible to a diverse range of individuals and families,” Yap added. DMCI Homes is the Philippines’ first Quadruple A real estate developer known for building quality resort-inspired communities in Mega Manila, Baguio, Boracay and Davao City. It has more than 60 properties in its portfolio since its launch in 1999. The post Anissa Heights: For discerning home seekers appeared first on Daily Tribune......»»
Homebuyers shifting to mixed-used properties
Mixed-used development, including townships and communities that feature commercial, residential, and recreational areas is commanding strong popularity among homebuyers. The Spectrum, a mixed-used condominium development, has gained recognition for its top-tier housing options. It was named “Mixed-Use Development of the Year—Luzon” at the prestigious Lamudi Outlook Awards 2023. The Spectrum’s win not only solidifies its status in the real estate industry but also highlights the Ortigas Central Business District as a prime site for mixed-use developments. Located on Julia Vargas Avenue corner of Garnet Road, The Spectrum places its residents right at the heart of the Ortigas CBD, and close to the best lifestyle destinations that urbanites seek. Teresa Tumbaga, division head, asserts that the recognition given by the Lamudi’s Outlook Award 2023, sets the stage for even greater prospects for The Spectrum and its role in Luzon’s urban development. “We are immensely proud of this achievement, which will spur us to craft even more exceptional living spaces for Filipino urban professionals in the metropolis and beyond.” Indeed, with The Spectrum’s proximity to multiple leisure dining, shopping and entertainment options, residents are spoiled for choice. The development is within striking distance of multi-national companies’ corporate headquarters, upscale hotels and restaurants, sprawling shopping malls, hospitals like Medical City, and some of the country’s renowned learning institutions like Saint Pedro Poveda College, La Salle Greenhills, and the University of Asia and the Pacific. The Ortigas CBD is likewise strategically close to the Makati CBD and BGC towards the south and the Araneta City towards the north. Still, while The Spectrum provides its homeowners with a prestigious address, equally important is how the condo features trademark amenities that include enhanced security measures; walkable swathes of greenery and landscaped spaces; swimming pools; fitness centers, and children’s play areas. “If you covet the ultimate condo lifestyle, look no further than The Spectrum, which lies at the crossroads of luxury and convenience,” Tumbaga enthuses. “On this note, we are gratified to know that Lamudi Philippines, a leading digital real estate marketplace, has found The Spectrum deserving of its Outlook Awards this year.” The post Homebuyers shifting to mixed-used properties appeared first on Daily Tribune......»»
Megaworld dev’t targets P5-B sale
Property developer Megaworld Corp. led by tycoon Andrew Tan is expecting to generate P5 billion in sales from building its fifth residential condominium development inside its 34-hectare Upper East township in Bacolod City. In a stock report on Wednesday, the company said the 26-story Kensington Sky Garden, scheduled for completion in 2029, will be the tallest residential development among its Visayas townships to date. The venture will be a two-tower residential development offering 643 smart home units located at the corner of Upper East Avenue and Bentley Street, just across the newly-opened Landers Superstore. Carrying a unique design that reflects Victorian era influences in New York — a city where The Upper East draws much of its inspiration — Kensington Sky Gardens units range from from Studio and Executive Studio (up to 40 square meters), One Bedroom (up to 56 square meters), Two Bedroom (up to 90 square meters), and Three Bedroom (up to 110 square meters). All unit sizes have either a balcony or a lanai. E Vehicle facility set According to Megaworld, the project is planned to have an electric vehicle-charging facility in its basement parking area, the first of its kind in Bacolod City, in preparation for the influx of electric and hybrid cars soon. Other green and sustainability features include low flow rate fixtures to promote water conservation, occupancy sensors in hallways and parking floors that help conserve energy, LED lights for units and common areas, a rainwater harvesting system, and its own materials recovery facility. The post Megaworld dev’t targets P5-B sale appeared first on Daily Tribune......»»
A morning stroll around Tuguegarao
Tuguegarao’s market, the hub of commerce for the capital city and nearby towns in the province of Cagayan, northern Luzon, is a quintessential site in provincial commercial centers with vendors preparing their produce and products to be sold for the day. Bags of pansit and bean sprouts were being unloaded for pansiterias to cook the city’s famous noodle dish, pansit batil potun, widely known as pansit batil patong, while early marketgoers visited the local karinderyas serving dishes such as igado and dinardaraan. An ambulant street-side stall sold meryenda or even breakfast fares best served with coffee — puto, suman, cassava cake, and the made-to-order bibingka of many kinds. [caption id="attachment_176530" align="aligncenter" width="525"] Horno ruins (Photo by Edgar Allan M. Sembrano)[/caption] All activities radiated from the multi-level market which spans one block, a landmark to behold not architecturally but for the space it occupies and the important function it and its immediate areas serve to the community. After all, Tuguegarao is still “the best pueblo for commerce in the valley,” as noted in the early 20th century by Dominican priest Valentin Marin. At the city center, there are quite a number of wooden and mid-20th century bahay na bato which breaks the monotony of the modern concrete structures. Of course, Tuguegarao is known for the San Pedro Cathedral, the seat of the Archdiocese of Tuguegarao, and the much smaller Ermita de Piedra de San Jacinto, both made of bricks and built by the Dominicans during the Spanish colonial period. [caption id="attachment_176532" align="aligncenter" width="525"] Our Lady of Chartres Chapel (Photo by Edgar Allan M. Sembrano)[/caption] The Tuguegarao Cathedral was built from 1761 to 1766 by Fr. Antonio Lobato de Santo Tomas who also built the convent, belfry, a famed bridge, large lime-and-brick kilns, and the 25 parallel streets crisscrossed with the same number of streets forming a grid pattern. The same priest also contributed to the literary scene in the region with his Ibanag-Spanish dictionary, Ibanag grammar, and Ibanag devotional treatises. Cagayan is home to the Ibanag people as well as other ethnic groups such as the Itawes and the Ilocano. The San Jacinto chapel meanwhile was built in 1724, making it 'the oldest' structure in Tuguegarao. It still has its original wooden retablo and an iron fence installed in 1890 by Fr. Romulado Aguado, Tuguegarao’s parish priest that year. It is located east of the Colegio de San Jacinto, now the campus of the St. Paul University Philippines, originally the Colegio de San Pablo founded in 1907 by the Sisters of St. Paul of Chartres. [caption id="attachment_176531" align="aligncenter" width="525"] Old building at USL (Photo by Edgar Allan M. Sembrano)[/caption] It was in 1934 that the school transferred to the site of the Colegio de San Jacinto from the Cathedral’s convent following their purchase of the colegio’s property. The colegio was located west of the chapel, the area of which is now part of College Avenue and the SPUP campus. That colegio originally served as the Colegio de Santa Imelda, an all-girls school which operated from 1892 to 1898 and was later converted into the Colegio de San Jacinto, a school for boys from 1901 to 1932. The girl’s college building was erected in 1890 under the direction of Fr. Dionisio Casas, the Dominican Provincial Vicar of that time with plans drawn by a certain Fr. Bruges and funds from the Dominican Province of the Holy Rosary. The front façade measures 75 meters while the side facades of the E-shaped edifice measures 25 meters each. The building is 17 meters wide and 10 meters high. It was of the bahay na bato style where the first level was made from stone and second level of wood. The project cost P75,000. Apart from the school building, then the biggest in the province, there used to be a separate wooden house in the area for the use of the Father Vicar. Both buildings no longer exist today. At present, the SPUP with its sprawling campus is host to many buildings including the impressive Gothic —inspired Our Lady of Chartres Chapel built in the second half the 20th century. During the Spanish colonial period, Tuguegarao was noted to have a carcel (jail), casa tribunal (court house), and schools, all of excellent construction. Today, the jail and courthouse house the Cagayan Museum and Historical Research Center which is at present being renovated. In front of this complex is the Rizal Park with the Rizal Monument. Rizal’s monument replaced that of Fr. Lobato de Santo Tomas in 1918. [caption id="attachment_176529" align="aligncenter" width="525"] Fr. Theophiel Verbist monument (Photo by Edgar Allan M. Sembrano)[/caption] Fronting Rizal Park is the old government center of Tuguegarao, now the Tuguegarao East Central School with the American-era municipio reused as one of the buildings of the school. Few blocks from Tuguegarao’s plaza complex are two brick hornos separated by a covered basketball court. Tuguegarao’s other horno is located in the same village (Barangay Centro 9) at the edge of the Pinacanauan River. These kilns produced lime and bricks for the construction of the city’s Spanish colonial buildings such as the church complex and the cemetery portal, walls and chapel. [caption id="attachment_176527" align="aligncenter" width="525"] Cagayan High School (Photo by Edgar Allan M. Sembrano)[/caption] During the American period, public buildings such as schools were also built. These include the Gabaldon-style Cagayan High School Building and the Cagayan Valley College of Arts and Trades. The Cagayan High School Building still exists to this day while the campus of the Cagayan college which is located in front of the former is now the Cagayan State University after its merger with the Northern Luzon College of Agriculture in 1972 through Presidential Decree 1436. The CSU campus now houses a number of overly decorated buildings, perhaps it most unique feature. [caption id="attachment_176528" align="aligncenter" width="525"] Ermita de San Jacinto (Photo by Edgar Allan M. Sembrano)[/caption] Also during the American colonial period, Dutch Congregation of the Immaculate Heart of Mary priest Msgr. Constant Jurgens founded a school for boys named Cagayan Valley Atheneum inside the Tuguegarao Church complex. This school existed from 1938 to 1946 but it was destroyed during World War II. After the war, it was taken over by the Jesuits and renamed Ateneo de Tuguegarao which operated until 1962. In 1965, it became the Saint Louis College of Tuguegarao under the CICM priests and in 2002, University of Saint Louis Tuguegarao. The university’s campus, located on Arellano, Mabini and Lecaros streets, still has its mid-20th century, U-shaped wooden building and features a number of monuments including those of St. Louis Gonzaga, USL’s patron saint; two for Fr. Theophile Verbist, CICM founder; and the gigantic Good Shepherd at the facade of the Good Shepherd Chapel. Exiting through the schools main campus to Lecaros Street, one is greeted by the Bayani Hall Lecaros, the city’s first condominium building, adding another layer to the city’s history. These layers define what is Tuguegarao now, a bustling commercial center, showing glimpses of its storied past of its peoples. The post A morning stroll around Tuguegarao appeared first on Daily Tribune......»»
MMDA clears obstacles at EDSA bypass
The Metropolitan Manila Development Authority has cleared the proposed alternative routes in connection with road repairs being done on the highway. The agency said clearing operations were done at the Mabuhay Lanes, Timog, Tomas Morato and West Avenue. Citation tickets were issued to parked vehicles, as well as public vehicles loading and unloading in unauthorized areas. The MMDA said road repairs being done in the EDSA carousel will continue until 5 a.m. on 9 August. Affected roads are: Both directions of the EDSA Busway in Caloocan; the road along SM North Edsa to MRT Quezon Avenue station, in front of Corinthian Gardens past Camp Aguinaldo, in front of the BBM headquarters and near Ricoa in Mandaluyong City; and four other areas in Makati City, from the Guadalupe Bridge to Rockwell Kalayaan Footbridge. Repairs along EDSA began Friday night and resulted in traffic build-up on Saturday morning. The traffic build-up was on the northbound lane stretched from North Avenue to just before the Quezon Avenue flyover in Quezon City. Motorists are advised to take the following alternate routes during the road repairs: Caloocan — Use Rizal Avenue, A. Bonifacio Avenue, or EDSA Balintawak; Quezon City Use Commonwealth Avenue, Quezon Avenue, or Sgt. Rivera Street; Mandaluyong City — Use Boni Avenue, Shaw Boulevard, or EDSA Guadalupe; Makati City — Use Ayala Avenue, Buendia Avenue or EDSA Guadalupe. The post MMDA clears obstacles at EDSA bypass appeared first on Daily Tribune......»»
Car near MRT-3 Boni station engulfed by flames in middle of EDSA
A vehicle was found burning in the middle of Epifanio de los Santos Avenue in Mandaluyong City prompting fire fighters to respond to the incident near an MRT-3 station......»»
Woman falls to her death
Authorities reported on Wednesday the death of a still unidentified woman who was believed to have fallen from the 14th floor of a high-rise condominium along Taft Avenue in Manila. Initial investigations conducted by the Manila Police District-Police Station 5 disclosed that the incident occurred at 9:15 a.m. when the victim fell at the entrance of the condominium. MPD-Homicide Section chief P/LT. Dennis Turla said that investigations are still ongoing to determine if the victim intended to jump from the building or if it was an accident. The post Woman falls to her death appeared first on Daily Tribune......»»
Mantawi Residences: Cebu’s next frontier of progress
Picture this: A luxurious, but safe and quiet abode. Yes, that’s the commitment of Mantawi Residences, the newly launched property of Robinsons Land Corporation Residences in Cebu. Who wouldn’t want to be in such a place that promises its residents ultra-spacious living spaces and built-in smart home devices? Not to mention exclusive and sizeable penthouses with multiple loggias where residents can comfortably marvel at the city’s skyline. For the Gokongwei-led RLC Residences, Mantawi Residences exemplifies condo design. It’s one of those properties where each element conspires with all the rest to create a singular experience. “We are happy to come back here in Cebu with another promising project, Mantawi Residences,” said John Richard B. Sotelo, RLC Residences senior vice president and business unit general manager. “We are very proud to finally unveil this development that we envisioned for our future residents who are on the lookout for a home and investment that they can proudly call theirs.” Mantawi Residences is the newest and most ambitious addition to RLC Residences’ roster of properties in Cebu after its successful projects in Azalea Place Cebu, Galleria Residences Cebu, and Amisa Private Residences. [caption id="attachment_122273" align="aligncenter" width="650"] MANTAWI Residences grand launch at Nustar Resort and Casino in Cebu. (From left) Allen Miranda, RLC Residences vice president and head of sales; Winnie Go; Heart Evangelista, RLC Residences brand ambassador; Karen Cesario, marketing head and chief integration officer; John Richard B. Sotelo, senior vice president and business unit general manager; Engr. Emmanuel Arce, vice president project management; and Stephanie Anne Go, business development and design head.[/caption] “Mantawi Residences marks yet another strong signal from RLC of its confidence in Cebu — the strength of its economy and the vibrancy of its people,” Sotelo said during the grand launch event held at the Nustar Resort and Casino in Cebu City. Sotelo added that Mantawi Residences reflects the best thinking of RLC Residences to date, with something they haven’t done even in Metro Manila — its sprawling 1.3 hectares of amenities. Add to that are their efficient space layouts with larger unit sizes and loggias, sustainable certification with EDGE (Excellence in Design for Greater Efficiencies) and BERDE (Building for Ecologically Responsive Design Excellence) and its curated retail areas. “We’ve brought our best thinking and understanding of the customers in Cebu, as well as those outside of Cebu and outside of the Philippines who are keen to invest in the Cebu market,” Sotela added. Upscale living Mantawi Residences is a four-tower premium condominium on the 20,328-sqm property with 474 units spread across the four 40-floor towers. The property, named after the Mantawi Festival, is situated along Ouano Avenue in Mandaue City. The pre-selling property offers 310 one-bedroom units (46 sqm), 148 two-bedroom units (92 sqm and 115 sqm), 12 three-bedroom units (138 sqm), and four penthouse units (207 sqm). Price ranges from P15 million to P60 million. [caption id="attachment_122277" align="aligncenter" width="525"] MANTAWI Residences Penthouse living room, dining and kitchen.[/caption] The opulent penthouse covers three bedrooms, a dining area, a kitchen, a living room, a study den, a utility room, a powder room, and a balcony. Sotelo disclosed that two of the penthouse units have already been sold. Stephanie Anne Go, RLC Residences assistant vice president and business development and design head, said each unit has upgraded home furnishings, including porcelain tile floorings, a kitchen with glass doors and a pantry cabinet, and glass shower enclosures. For the penthouse, the master bedroom’s toilet will have a bathtub. “We also want to make sure that most of the bedrooms of every unit will have their own loggia,” she said. “We have to be conscious about efficiency, not generally where we just want to put the bedrooms. Rest assured that all the units will be efficiently laid out.” Go ensures that there will be a feeling of airiness and openness in the property. Yes, fresh air and open spaces – who would have thought these two simple things could be luxuries for condo homeowners? The premier project enjoys a vast 1.3-hectare amenity area that provides landscaped areas, beach-inspired swimming pools, a cascading water wall, a pet park, and an outdoor play area, among others. Indoor amenities include a game room, a private theater, a fitness center, a kids’ playroom, and function rooms. It will also feature curated global retail brands on the ground floor. Mantawi Residences is near academic institutions, shopping destinations and hospitals. The area is also currently being modernized to become the main gateway of Cebu City. One of the critical projects in the area is the Department of Environment and Natural Resources’ rehabilitation of the Mahiga River. The property is also accessible to two progressive cities: Mandaue and Cebu City and is only five kilometers away from the Cebu-Cordova Link Expressway — considered one of the area’s progress indicators. Future developments are also in the pipeline, as the Mandaue government plans to develop the Metro Cebu Expressway and the Cebu Bus Transit, plus turning the Cebu International Port into an international cruise docking area. Another essential program is the development of a premier waterfront development featuring commercial space and a luxury district. Target market Cebu continues to be the biggest real estate outside Metro Manila, with the demand increasing from six percent in 2020 to 24 percent in 2021. Karen Cesario, RLC Residences senior director-marketing head and chief integration officer, said they target overseas Filipinos and growing professionals aged 35 to 45 as potential homeowners. A one-bedroom, 46-square meter unit starts at P15 million. “We did take a long, hard look at the price point that we feel the Cebu market is ready for and willing to take,” said Sotelo. “When we were made to look at the design specifications and the features that we have incorporated into the building, we felt that it’s worth more than our previous premium properties. We are guided by what the market is telling us, what and how our competition also prices. The market in Cebu is telling us that it is ready.” Sotelo added that they expect to break ground Mantawi Residences in the fourth quarter of this year, with the turnover of the first tower by the fourth quarter of 2029. The post Mantawi Residences: Cebu’s next frontier of progress appeared first on Daily Tribune......»»
Is Fourth Avenue Residences better?
Fourth Avenue Residences is a spacious Bukit Timah condominium built by Allgreen Properties Limited, Singapore’s leading real estate developer. Approximately 476 condo units of 18.532.2.....»»
Marcos: Philippines won’t be ‘cowed into silence, submission’ by China
“We seek no conflict with any nation, more so nations that purport and claim to be our friends but we will not be cowed into silence, submission, or subservience. Filipinos do not yield,” Marcos said. .....»»