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Cebu is the second largest city and fastest growing economy in the Philippines, Also known to “Metro Cebu”
Cebu’s export growth rate for the past 5 year has averaged close to 20 percent considerably higher than that of the country and any other province in the Philippines.
It leads the country in export items such as furniture, fashion accessories, carrageenan and gifts, toys and housewares.
It is the most accessible place in the Philippines, with more domestic air and sea linkages than Manila.
Cebu is base to over 80 percent of inter-island shipping capacity in the Philippines.
Cebu is the Tourism Gateway for the Central and Southern Philippines.
It is not in an earthquake zone or typhoon belt, nor are there volcanoes in the island.
Cebu has one of the best records for peace and order in the country.
Its labor force is oriented towards non-agriculture lines and is one of the most productive in the country.
The development of its infrastructure is balanced; it has all the ingredients necessary to be competitive and sustain investments. It is a cosmopolitan with all the support facilities and amenities needed for an ideal lifestyle.
Grab a copy of Balik Bayan Magazine
Cebu is the second largest city and fastest growing economy in the Philippines, Also known to “Metro Cebu”
Cebu is the second largest city and fastest growing economy in the Philippines, Also known to “Metro Cebu”
Cebu’s export growth rate for the past 5 year has averaged close to 20 percent considerably higher than that of the country and any other province in the Philippines.
It leads the country in export items such as furniture, fashion accessories, carrageenan and gifts, toys and housewares.
It is the most accessible place in the Philippines, with more domestic air and sea linkages than Manila.
Cebu is base to over 80 percent of inter-island shipping capacity in the Philippines.
Cebu is the Tourism Gateway for the Central and Southern Philippines.
It is not in an earthquake zone or typhoon belt, nor are there volcanoes in the island.
Cebu has one of the best records for peace and order in the country.
Its labor force is oriented towards non-agriculture lines and is one of the most productive in the country.
The development of its infrastructure is balanced; it has all the ingredients necessary to be competitive and sustain investments. It is a cosmopolitan with all the support facilities and amenities needed for an ideal lifestyle.
Megaworld gets SEC nod to raise capital
MANILA, Philippines - Megaworld Corp. obtained the Securities and Exchange Commission’s nod to raise its capitalization to P40.2 billion from P30.2 billion.
The P10-billion capital hike comprises 10 billion shares with a par value of P1 per share.
Tan’s holding firm Alliance Global Group Inc. is subscribing to 2.5 billion shares out of the increase in capital at P4.29 per share, representing a premium of five percent over Megaworld’s 30-day volume weighted average price.
AGI’s additional investment in Megaworld shows its confidence in the real estate industry which is seen to sustain its growth amid a robust economy.
The new capital will be used by Megaworld for its projects, acquisition of land, investments and general corporate purposes.
Megaworld has scaled up its investment commitment to the 72-hectare Ilolilo Business Park over a 10-year period. The project, its biggest outside Metro Manila, will involve the development of luxury residential condominiums, state-of-the-art BPO office towers, a lifestyle mall, a boutique hotel and commercial district, the 1.1 kilometer Festive Walk commercial and retail strip, and a convention center.
The company is also undertaking the development of the P20-billion Mactan Newton, its biggest township so far in Metro Cebu. The project has been declared a special economic zone by President Aquino, allowing locators to enjoy various privileges such as tax incentives and holidays.
In the pipeline is a P35-billion township development called Woodside City near Eastwood City along C-5 in Pasig.
The firm’s net leasable area for office space is seen to reach more than half a million square meters by yearend with the completion of towers 3 and 4 of McKinley Hill Science Club, the Venice Corporate Center and towers A, B and C of 8 Campus Place Tower.
Megaworld launches relief drive for Yolanda victims
(The Philippine Star) | Updated November 16, 2013 - 12:00am
MANILA, Philippines - During this time of calamity, Megaworld Lifestyle Malls is enjoining its guests to help those affected by typhoon Yolanda by joining its mall-wide relief drive “Light of Hope.”
Shoppers can donate non-perishable food items like canned goods and biscuits, bottled water, medicines and clothes, blankets and slippers at Megaworld Lifestyle Malls. They can bring their donations to the Eastwood Mall Concierge, Lucky Chinatown Concierge and the Newport Mall Cinema Ticket Counter.
Guests can also light a candle and send a prayer for those affected by the typhoon at the Light of Hope installations, located at the Eastwood Mall Veranda 2F, at the entrance beside Cotton On at Lucky Chinatown and at the driveway of Venice Piazza.
Guests who dropped off goods at the donation areas can claim a candle or mallgoers can also bring their own candles with holders and flowers to be placed at the installation.
There will also be a special mass and candle-lighting ceremony in honor of the victims of Yolanda at the Eastwood Open Park on Nov. 16, 6 p.m.
At Lucky Chinatown, there will also be a special ceremony led by the monks of Miao de Buddhist Temple on November 18, 11 a.m. at the Chinatown Walk. Mallgoers can also place offerings and light incense at the altar the whole day.
Many establishments at Megaworld Lifestyle Malls are also doing their part to help those affected by Yolanda.
The Coffee Bean & Tea Leaf is hosting ‘The Great Exchange: Make the switch, Make a difference’ where customers can give their old coffee machine in exchange for a new CBTL Kaldi Coffee Machine at 50% off. 100% of all machine sales will be donated to victims of the typhoon.
Slappy Cakes at Eastwood City is also accepting donations in kind as part of their Project Kindness initiative. Donors can drop off medicines, pull tab canned goods, biscuits, slippers and blankets which will be given to victims in partnership with GMA Kapuso Foundation.
Donation boxes are also available at Mcdonald’s. Diners are encouraged to bring in canned goods, rice, noodles, bottle water, hygiene kits and towels.
MANILA, Philippines - Megaworld Corp. obtained the Securities and Exchange Commission’s nod to raise its capitalization to P40.2 billion from P30.2 billion.
The P10-billion capital hike comprises 10 billion shares with a par value of P1 per share.
Tan’s holding firm Alliance Global Group Inc. is subscribing to 2.5 billion shares out of the increase in capital at P4.29 per share, representing a premium of five percent over Megaworld’s 30-day volume weighted average price.
AGI’s additional investment in Megaworld shows its confidence in the real estate industry which is seen to sustain its growth amid a robust economy.
The new capital will be used by Megaworld for its projects, acquisition of land, investments and general corporate purposes.
Megaworld has scaled up its investment commitment to the 72-hectare Ilolilo Business Park over a 10-year period. The project, its biggest outside Metro Manila, will involve the development of luxury residential condominiums, state-of-the-art BPO office towers, a lifestyle mall, a boutique hotel and commercial district, the 1.1 kilometer Festive Walk commercial and retail strip, and a convention center.
The company is also undertaking the development of the P20-billion Mactan Newton, its biggest township so far in Metro Cebu. The project has been declared a special economic zone by President Aquino, allowing locators to enjoy various privileges such as tax incentives and holidays.
In the pipeline is a P35-billion township development called Woodside City near Eastwood City along C-5 in Pasig.
The firm’s net leasable area for office space is seen to reach more than half a million square meters by yearend with the completion of towers 3 and 4 of McKinley Hill Science Club, the Venice Corporate Center and towers A, B and C of 8 Campus Place Tower.
The P10-billion capital hike comprises 10 billion shares with a par value of P1 per share.
Tan’s holding firm Alliance Global Group Inc. is subscribing to 2.5 billion shares out of the increase in capital at P4.29 per share, representing a premium of five percent over Megaworld’s 30-day volume weighted average price.
AGI’s additional investment in Megaworld shows its confidence in the real estate industry which is seen to sustain its growth amid a robust economy.
The new capital will be used by Megaworld for its projects, acquisition of land, investments and general corporate purposes.
Megaworld has scaled up its investment commitment to the 72-hectare Ilolilo Business Park over a 10-year period. The project, its biggest outside Metro Manila, will involve the development of luxury residential condominiums, state-of-the-art BPO office towers, a lifestyle mall, a boutique hotel and commercial district, the 1.1 kilometer Festive Walk commercial and retail strip, and a convention center.
The company is also undertaking the development of the P20-billion Mactan Newton, its biggest township so far in Metro Cebu. The project has been declared a special economic zone by President Aquino, allowing locators to enjoy various privileges such as tax incentives and holidays.
In the pipeline is a P35-billion township development called Woodside City near Eastwood City along C-5 in Pasig.
The firm’s net leasable area for office space is seen to reach more than half a million square meters by yearend with the completion of towers 3 and 4 of McKinley Hill Science Club, the Venice Corporate Center and towers A, B and C of 8 Campus Place Tower.
Megaworld launches relief drive for Yolanda victims
(The Philippine Star) | Updated November 16, 2013 - 12:00am
MANILA, Philippines - During this time of calamity, Megaworld Lifestyle Malls is enjoining its guests to help those affected by typhoon Yolanda by joining its mall-wide relief drive “Light of Hope.”
Shoppers can donate non-perishable food items like canned goods and biscuits, bottled water, medicines and clothes, blankets and slippers at Megaworld Lifestyle Malls. They can bring their donations to the Eastwood Mall Concierge, Lucky Chinatown Concierge and the Newport Mall Cinema Ticket Counter.
Guests can also light a candle and send a prayer for those affected by the typhoon at the Light of Hope installations, located at the Eastwood Mall Veranda 2F, at the entrance beside Cotton On at Lucky Chinatown and at the driveway of Venice Piazza.
Guests who dropped off goods at the donation areas can claim a candle or mallgoers can also bring their own candles with holders and flowers to be placed at the installation.
There will also be a special mass and candle-lighting ceremony in honor of the victims of Yolanda at the Eastwood Open Park on Nov. 16, 6 p.m.
At Lucky Chinatown, there will also be a special ceremony led by the monks of Miao de Buddhist Temple on November 18, 11 a.m. at the Chinatown Walk. Mallgoers can also place offerings and light incense at the altar the whole day.
Many establishments at Megaworld Lifestyle Malls are also doing their part to help those affected by Yolanda.
The Coffee Bean & Tea Leaf is hosting ‘The Great Exchange: Make the switch, Make a difference’ where customers can give their old coffee machine in exchange for a new CBTL Kaldi Coffee Machine at 50% off. 100% of all machine sales will be donated to victims of the typhoon.
Slappy Cakes at Eastwood City is also accepting donations in kind as part of their Project Kindness initiative. Donors can drop off medicines, pull tab canned goods, biscuits, slippers and blankets which will be given to victims in partnership with GMA Kapuso Foundation.
Donation boxes are also available at Mcdonald’s. Diners are encouraged to bring in canned goods, rice, noodles, bottle water, hygiene kits and towels.
MANILA, Philippines - During this time of calamity, Megaworld Lifestyle Malls is enjoining its guests to help those affected by typhoon Yolanda by joining its mall-wide relief drive “Light of Hope.”
Shoppers can donate non-perishable food items like canned goods and biscuits, bottled water, medicines and clothes, blankets and slippers at Megaworld Lifestyle Malls. They can bring their donations to the Eastwood Mall Concierge, Lucky Chinatown Concierge and the Newport Mall Cinema Ticket Counter.
Guests can also light a candle and send a prayer for those affected by the typhoon at the Light of Hope installations, located at the Eastwood Mall Veranda 2F, at the entrance beside Cotton On at Lucky Chinatown and at the driveway of Venice Piazza.
Guests who dropped off goods at the donation areas can claim a candle or mallgoers can also bring their own candles with holders and flowers to be placed at the installation.
There will also be a special mass and candle-lighting ceremony in honor of the victims of Yolanda at the Eastwood Open Park on Nov. 16, 6 p.m.
At Lucky Chinatown, there will also be a special ceremony led by the monks of Miao de Buddhist Temple on November 18, 11 a.m. at the Chinatown Walk. Mallgoers can also place offerings and light incense at the altar the whole day.
Many establishments at Megaworld Lifestyle Malls are also doing their part to help those affected by Yolanda.
The Coffee Bean & Tea Leaf is hosting ‘The Great Exchange: Make the switch, Make a difference’ where customers can give their old coffee machine in exchange for a new CBTL Kaldi Coffee Machine at 50% off. 100% of all machine sales will be donated to victims of the typhoon.
Slappy Cakes at Eastwood City is also accepting donations in kind as part of their Project Kindness initiative. Donors can drop off medicines, pull tab canned goods, biscuits, slippers and blankets which will be given to victims in partnership with GMA Kapuso Foundation.
Donation boxes are also available at Mcdonald’s. Diners are encouraged to bring in canned goods, rice, noodles, bottle water, hygiene kits and towels.
For any inquiries on the Megaworld Lifestyle Malls Yolanda Relief Drive, guests can call the Concierge at 709-9888, 709-0888, 0917-8380111 or visit www.megaworldlifestylemalls.com.
Megaworld earnings rise 15% to P6.55 B in 9 mos
(The Philippine Star) | Updated November 14, 2013 
MANILA, Philippines - Growing sales from several township projects and revenues from office buildings beefed up the earnings of property firm Megaworld Corp. in the nine months to September this year.
For any inquiries on the Megaworld Lifestyle Malls Yolanda Relief Drive, guests can call the Concierge at 709-9888, 709-0888, 0917-8380111 or visit www.megaworldlifestylemalls.com.
Megaworld earnings rise 15% to P6.55 B in 9 mos
(The Philippine Star) | Updated November 14, 2013
MANILA, Philippines - Growing sales from several township projects and revenues from office buildings beefed up the earnings of property firm Megaworld Corp. in the nine months to September this year.
Megaworld earnings rise 15% to P6.55 B in 9 mos
(The Philippine Star) | Updated November 14, 2013
MANILA, Philippines - Growing sales from several township projects and revenues from office buildings beefed up the earnings of property firm Megaworld Corp. in the nine months to September this year.
Megaworld told the local bourse that its net income reached P6.55 billion in the nine-month period, up 15 percent from P5.7 billion a year ago.
Total revenues jumped 12 percent to P26.68 billion from P23.85 billion last year while reservation sales climbed 20 percent to P56 billion from P46.5 billion.
The firm attributed the uptick to “strong residential sales from residential projects in its townships...as well as strong leasing income from its business process outsourcing (BPO) and retail portfolio.”
Specifically, Megaworld said it recorded good takeup in Newport City, Uptown Bonifacio, McKinley Hill and Eastwood City township projects.
The property company is launching a new P35-billion township development while fasttracking the creation of new retail and office space to sustain growth, its top executive said.“We are excited to launch next year a new P35-billion mixed-use township project called Woodside City near Eastwood along C-5 in Pasig,” said Megaworld chairman and CEO Andrew L. Tan.
Megaworld commissioned world-renowned architect Skidmore Owings and Merrill to design the first two sustainable buildings in Woodside City that will showcase thousands of trees.
In the nine-month period, the Megaworld property group launched 18 projects: 10 for Megaworld, five for medium-cost housing arm Empire East Land Holdings and three for affordable housing unit Suntrust Properties.The Megaworld Group is looking to launch at least 25 residential projects this year offering 12,000 new residential units, up from 10,000 units last year.
For the recurring items, rental income from BPO office projects and lifestyle malls rose 20 percent to P4.34 billion from P3.61 billion a year ago.
“We will fasttrack our BPO office developments and lifestyle malls to support the growing demands of the BPO industry and the retail consumers,” Tan said.
“This will enable us to make 2014 a record year in terms of rental income,” he added.
By end-2013, Megaworld expects to have more than 500,000 square meters (sqm) of net leasable area for office space with the completion of Tower 3 and 4 of McKinley Hill Science Hub ,the Venice Corporate Center and Tower A, B and C of 8 Campus Place Tower, all within the McKinley township project.
In more than 20 years of operations, the Megaworld Group has completed more than 310 residential and office buildings with a total floor area of around 5.3 million sqm.
Megaworld is the property arm of Tan’s Alliance Global Group Inc., which is also into liquor (Emperador Distillers Inc.), fastfood (McDonald’s franchise operator Golden Arches Development Corp.) and hotels and casino (Travellers International Hotel Group Inc.).
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