Megaworld Corporation - updates

Rappler's latest stories on Megaworld Corporation

ARTICLE FINDER

Megaworld net income up 16% to P8.3 billion in H1 2019

Aug 08, 2019 - 8:25 PM

Megaworld chief strategy officer Kevin Tan sees more gains, as developments in the economy create a sweet spot for properties

Megaworld to build 8 more malls outside Metro Manila

Jul 30, 2019 - 8:25 PM

These malls will be built in Bacolod City, Boracay, Cavite, Cebu, Davao City, and Pampanga

Megaworld lifestyle malls. Photo from Megaworld

Megaworld eyes P2 billion in sales from Iloilo office tower

Jul 24, 2019 - 9:15 PM

Megaworld Corporation is constructing a 19-storey building which it says would be the 'most modern and state-of-the-art office tower in Western Visayas'

Megaworld subsidiary to open 2nd hotel in Boracay

Jul 18, 2019 - 5:35 PM

Housing 442 rooms, the Belmont Hotel Boracay will be opening its doors to tourists in August 2019

Photo from Megaworld Corporation

Megaworld to launch P2P bus transport hub at Iloilo Business Park

Jul 10, 2019 - 1:45 PM

The P2P bus transport hub at the Iloilo Business Park will have two terminals. Here's what travelers can expect.

LAUNCHING SOON. Megaworld will be bringing in the first premium point-to-point bus services in Western Visayas within the year. Photo from Megaworld

Alliance Global sets P410-billion capex for 2020 to 2024

Jul 01, 2019 - 3:30 PM

Alliance Global's property arm Megaworld Corporation receives the lion's share of the budget set for 2020 to 2024

FUTURE-PROOFING. AGI's 5-year program wants to increase the use of innovation and digital transformation in all of its businesses. Logo from Alliance Global

Megaworld subsidiary eyes P1.4-B income from rentals, hotels in 2019

Jun 27, 2019 - 7:05 PM

Amid its expected doubling of income for 2019, Global-Estate Resorts says it wants to contribute to the Philippines' tourism sector

MORE INCOME. The launching of more projects in 2019 is expected to double GERI's income.

Megaworld plans more developments in Visayas, Mindanao

Jun 17, 2019 - 7:50 PM

With only 6 townships in the Visayas and 1 in Mindanao, Megaworld says it wants to increase its presence outside Luzon

LIST: Planned developments in Boracay

Apr 10, 2018 - 10:39 AM

The 6-month Boracay closure will not impede the planned mega projects of property developers in the island

BORACAY NEWCOAST. Boracay Newcoast is a 150-hectare tourism estate in Boracay, being developed by Global-Estate Resorts Incorporated (GERI), a Megaworld Corporation subsidiary. Concept photo from Boracay Newcoast website

Alliance Global net income for 2017 stalls on Resorts World attack

Apr 05, 2018 - 8:15 PM

Alliance Global reports a net income of P21.8 billion in 2017, from P22.8 billion in 2016, as losses from its casino and liquor units offset gains from Megaworld and fast-food operations

Global-Estate Resorts net income up 45% to P1.6 billion in 2017

Apr 02, 2018 - 7:50 PM

The increase comes as the residential sales of the Megaworld subsidiary grew 4% to P4.5 billion, while income from rentals was up 54% to P161 million

Megaworld net income up 13.4% to P13.3 billion in 2017

Mar 26, 2018 - 4:25 PM

The Andrew Tan-led property developer also plans to spend P60 billion in capital expenditures this year

Megaworld to turn over 2,300 condo units in Fort Bonifacio in 2018

Mar 19, 2018 - 5:55 PM

Megaworld is the largest single landholder and developer in Fort Bonifacio, with 4 integrated urban townships covering a total of 107 hectares

BIGGEST INVENTORY. Megawide will deliver to buyers a total of 2,300 residential units from 5 condominium developments within in its 3 townships projects in Fort Bonifacio. Images from Megaworld

Megaworld to invest P54 billion more in Westside City township

Feb 27, 2018 - 8:30 PM

The developer plans two new hotels to coincide with the 2021 opening of a new casino in the township near Manila Bay

Grand Westside Hotel image from Megaworld

DoubleDragon plans 3.9-hectare industrial hub in booming Iloilo

Feb 14, 2018 - 4:00 PM

With the rising cost of traffic and congestion in Metro Manila, property developers like DoubleDragon are looking at alternative cities to expand their landbank

INDUSTRIAL HUB. DoubleDragon's planned industrial hub in Iloilo will have a capacity of 22,000 square meters of leasable space once fully developed. Image from DoubleDragon

Megaworld set to open Festive Walk Mall in Iloilo

Feb 05, 2018 - 4:05 PM

The P2.2-billion, 3-level mall at the Iloilo Business Park is opening this coming April

Photo by Megaworld

DoubleDragon, partners to build PH's 'biggest' hotel in Boracay

Feb 01, 2018 - 1:55 PM

Hotel101 Resort-Boracay will have 1,001 rooms and will be located in Megaworld's 150-hectare Boracay Newcoast estate

image from DoubeDragon

Megaworld to develop smart townships

Jan 29, 2018 - 7:25 PM

Dubbed iTownships, the initiative will include smart home technology, smart parking systems, and the use of sustainable materials, among others

Megaworld to build P8-billion estate along Lake Caliraya in Laguna

Dec 11, 2017 - 2:35 PM

The Hamptons Caliraya will be a 300-hectare development featuring lakeside residential villages and villas, a town center, two 18-hole golf courses, and a clubhouse, all set to rise over the next 10 years

Conglomerates in talks for 'super consortium' to upgrade NAIA

Dec 07, 2017 - 3:50 PM

Andrew Tan's Alliance Global and Lucio Tan's LT Group confirm there are talks with other business groups, though no formal agreements have been reached

Megaworld to build P3-B regional headquarters for New York-listed FactSet

Oct 02, 2017 - 2:30 PM

The 17-story FactSet Tower will offer 48,000 square meters of office space in Megaworld's McKinley West township

Megaworld launches new headquarters in Bonifacio Global City

Sep 27, 2017 - 8:15 PM

The 30-story Alliance Global Tower, situated in the Uptown Bonifacio township, houses Megaworld and all of its subsidiaries' 3,500 employees

Alliance Global net income drops to P10.1 billion in 1st half of 2017

Aug 14, 2017 - 4:10 PM

The group s property and fast food units temper the slower performance of its casino and liquor businesses

Alliance Global sees minimal income growth due to high spending, flat earnings

Apr 07, 2017 - 10:15 AM

Its consolidated revenues end flat at P139 7 billion in 2016 while reported net income climbs only 5 to P22 8 billion

HIGHER SPENDING. Alliance Global''s Kingson Sian says: 'Since about 3 to 4 years ago, the group has made a deliberate effort to significantly raise our level of spending to expand our geographic footprint both here and abroad, and ensure a more sustainable growth in future earnings.' Photo by Rob Reyes/Rappler

Rental sales lift Megaworld's 2016 income

Apr 05, 2017 - 7:30 PM

The developer however does not provide its real estate sales figures for 2016 which is a big component of its consolidated revenues

RENTAL SPACE. Megaworld will add close to 1 million square meters of leasable space in its portfolio. Photos from Megaworld's website

Megaworld increases capital expenditures for 2017

Feb 08, 2017 - 2:46 PM

Since its cash position remains healthy Megaworld says it will use mostly internally generated funds to finance its P60 billion capital spending for the year

RIDING THE BOOM. Within the next 3 to 5 years, Megaworld hopes to see a bigger slice of hotel earnings in its revenue pie as it opens new hotels

Amid soaring demand, Megaworld sees P20-B rental income by 2020

Feb 01, 2017 - 4:55 PM

This means the urban township developer projects to more than double its P9 B rental income in 2015

RENTAL SPACE. Megaworld will add close to 1 million square meters of leasable space in its portfolio. Photos from Megaworld's website

Landers Superstore to open in ArcoVia City and Alabang West

Jan 19, 2017 - 2:55 PM

Two of Megaworld’s newest township developments ArcoVia City and Alabang West will soon be home to Landers Superstore

NEW PARTNERSHIP. Landers and Megaworld executives sign agreement to put up superstores in Megaworld's two townships. Photo by Megaworld

Megaworld opening 4 new hotels in 2017

Jan 11, 2017 - 3:50 PM

Within the next 3 to 5 years Megaworld hopes to see a bigger slice of hotel earnings in its revenue pie as it opens new hotels

RIDING THE BOOM. Megaworld will open the Marriott Courtyard Hotel in Iloilo Business Park and the Savoy Hotel Boracay in Boracay Newcoast by first half of this year. Rappler file photo

Megaworld expects P1.35B in sales from Iloilo tower

Jan 08, 2017 - 9:45 PM

The new wing to be completed in 2021 will add 155 units to the township s Paris inspired residential tower

DEMAND INCREASES. Megaworld will call the new development as Saint Honore South Wing – an expansion of the Saint Honore North Wing that was launched in late August. Iloilo Business Park logo and background image from its website

Megaworld to spend P5B for Antipolo community dev't

Dec 12, 2016 - 4:40 PM

Over 100 hectares of the 640 hectare property will be for residential villages while 20 of the entire development will be for the 36 hole golf course and country club

WHOLE COMMUNITY. The development called Eastland Heights will have a 36-hole golf course, residential, commercial and retail, and institutional components. Rappler file photo

Megaworld spending P8.5B for hotel expansion

Aug 25, 2016 - 7:45 PM

The developer will build a total of 5 more hotels in Boracay Manila and Cebu

GOAL. By 2020, Megaworld's Andrew Tan says his firm's 3 local hotels brands will have a total of around 3,800 hotel rooms. Photo by Rob Reyes/Rappler

Megaworld to complete Visayas BPO Triangle by 2019

Aug 04, 2016 - 7:05 PM

The Visayas BPO Triangle will have 175 000 square meters of office space located in Iloilo Cebu and Bacolod

JOB-GENERATING DEVELOPMENT. Once completed, Megaworld expects to generate around 50,000 full?time direct jobs in the BPO sector in Visayas

Megaworld unit spending P10B for 5 hotels in Boracay, Batangas

Jun 30, 2016 - 6:30 PM

Four of these hotels are within a 150 hectare integrated tourism and leisure township in Boracay while the other one will be in a 1 200 hectare development near Tagaytay

TOURISM AND LEISURE. Megaworld’s GERI is the developer of Boracay Newcoast, a 150-hectare sustainably-designed integrated urban township. File photo by Rappler taken in 2015

Megaworld expands office footprint in Davao City

May 31, 2016 - 9:20 PM

The property giant s Davao City township is seen to generate around 100 000 jobs by 2020

RIDING THE BOOM. Megaworld's Jericho Go showing off some of the new towers of the property firm in Manila. File photo by Chris Schnabel/Rappler

Failed bidding: No takers for Laguna Lakeshore Expressway Dike

Mar 28, 2016 - 4:25 PM

3rd UPDATE Team Trident San Miguel and Malaysia s Alloy MTD do not submit offers for the country s most complicated public private partnership deal to date

NO TAKERS. The Laguna Lakeshore Expressway Dike deal is the 'most complicated' public-private partnership (PPP) project to date. Image from DPWH website

Megaworld to build more malls, office buildings in PH

Mar 07, 2016 - 2:40 PM

At least 75 of Megaworld s 2016 budget of P55B 1 17B is earmarked for its rental portfolio

RIDING THE BOOM. Megaworld's Jericho Go showing off some of the new towers of the property firm. File photo by Chris Schnabel/Rappler

Meralco in talks with SMDC, Megaworld for prepaid meters

Dec 12, 2015 - 3:38 PM

SMDC and Megaworld are Meralco’s target customers for the additional 100 000 meters it plans to install within its assigned franchise areas

IN TALKS. SM Development Corporation and Megaworld Corporation are considering to use Meralco's prepaid electricity meters in their housing projects

Builder Datem defers IPO plan

Nov 21, 2015 - 12:24 PM

The construction firm initially planned to raise P4 66 billion 99 23 million but with the deferral terms could be revised

MUM ON THE DEFERRAL. The construction firm did not disclose the reason for the delay or when it plans to push through with its equity offer

Why Makati remains a prime real estate spot

Jul 12, 2015 - 8:48 AM

Planning to invest in a Makati property? Know the factors that keep this district on top

Megaworld hikes 2015 rental income target to P9B

Jun 19, 2015 - 9:11 PM

The property giant also aims to complete 20 township developments this year

FAULT-PROOF. Megaworld Chairman Andrew Tan told a stockholder: "I assure you none of our properties are on the fault line." Photo by Rob Reyes/Rappler

Megaworld to build P35B townships in Bacolod

Mar 19, 2015 - 8:45 PM

Once completed the two integrated urban townships will generate around 250 000 direct and indirect jobs

'Super consortium' clear to bid for Laguna expressway dike project

Mar 14, 2015 - 5:20 PM

Team Trident of Aboitiz Ayala Land Megaworld and SM Prime is one of 3 groups to clear the pre bid stage of the P123 B PPP project

‘Super consortium’ pre-bid for Laguna expressway dike project

Feb 27, 2015 - 6:51 PM

Aboitiz Ayala Megaworld and SM form a consortium and submit pre bid qualification documents for the P123 B PPP project

Megaworld builds P45-B 'ultra high-end' township

Jul 08, 2014 - 5:24 PM

Sold out 4 years ago lots at McKinley West in Fort Bonifacio Taguig City is now valued at P160 000 per sq m

Megaworld makes tourism bid via acquisition of Global-Estate Resorts

Jun 21, 2014 - 8:30 AM

The acquisition signals Megaworld’s entry in the tourism industry with its 80 4 stake in tourism estate developer Global Estate Resorts

Megaworld expanding Eastwood City to cater to more BPOs

May 26, 2014 - 5:26 PM

The company adds 1 5 hectares to its Quezon City township

Megaworld hikes investment in Cebu township to P30B

Apr 07, 2014 - 3:52 PM

The company is building residential condominiums office towers and hotels in the township called The Mactan Newtown

MACTAN NEWTOWN. President Benigno S. Aquino III looks at the Mactan Newtown scale model presented by Megaworld chairman and chief executive officer Andrew Tan during the Mactan Newtown grand launch

Andrew Tan's Megaworld posts 15% jump in 9-mo profit

Nov 13, 2013 - 3:29 PM

The company says it continues to enjoy strong residential sales and rental income

UPTOWN LIVING. Megaworld Corporation's township developments see strong demand from the market. Photo courtesy of the company

Megaworld H1 profit up on higher residential sales

Aug 12, 2013 - 5:24 PM

The property arm of tycoon Andrew Tan continues to record strong residential sales

HIGH RISE. Megaworld Corporation's Township development will open in 2016. Photo courtesy of Megaworld Corporation