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Developers undeterred by traffic

EVEN with the traffic congestion that has been plaguing Minglanilla, units in a subdivision there continue to sell well in the market. Harold Vince See, PrimeHomes Development Corp. business development manager, said Minglanilla was an ideal location for families who wanted to live near the city.  “Because there’s no other option, especially if the...

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Megaworld sets aside P65B for expansion in 2019

Tycoon Andrew Tan-led property developer Megaworld Corp. has earmarked P65 billion for capital spending this year, mostly for its township developments across the country. “We are ramping up our residential properties in our portfolio this year as we have seen a remarkable spike in residential demand across our townships, both in Metro Manila and in the provinces. Likewise, we r...

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Aboitiz to construct transmission line in Lima

ABOITIZ Construction Inc. (ACI) bagged the P206 million contract to design and construct Lima Enerzone Corp.’s 69kV over head transmission line for the Lima Technology Center in Lipa, Batangas. The latest transmission construction project strengthens ACI’s foothold in the power construction market.  ACI said it has had foundation and erection work...

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AppleOne sets sights on new Marriott deal

CEBU, Philippines — AppleOne Properties Inc. may have to expand the hotel component of its Sheraton project on Mactan Island as it also eyes a new deal with Marriott International for another branded hotel to rise on the island. Company president Ray Go Manigsaca disclosed the Marriott Group is amenable to the plan of expanding the Sheraton Cebu Mactan Resort which is expected t...

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