andrew tan - updates

Rappler's latest stories on andrew tan

ARTICLE FINDER

Alliance Global launches program to future-proof its businesses

Jun 20, 2019 - 6:55 PM

Alliance Global Group says it wants to have all of its companies 'ready for the future of business in the next 10 years'

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

Emperador bullish on international business

May 21, 2018 - 8:00 PM

Its scotch whiskey business Whyte & Mackay is now in the growth phase, while its recently-acquired brandy business in Mexico is expected to follow suit in 2019

ON A PAUSE. Andrew Tan's liquor business unit Emperador is taking a pause from its acquisition binge. In the meantime, it is letting its newly-acquired brands to grow. File photo from Emperador

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

Resorts World Manila operator's 2017 income plunges over shooting incident

Mar 27, 2018 - 2:14 PM

Gross gaming revenues dropped by 27.6% to P17.1 billion after the June 2, 2017 shooting incident led to the closure of the gaming area for nearly a month

AFTERMATH. Firemen break several windows of Maxims Hotel following the attack on Resorts World Manila on June 2, 2017. File photo by LeAnne Jazul/Rappler

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

Henry Sy still leads Filipinos on Forbes' 2018 billionaires list

Mar 07, 2018 - 9:55 AM

The number of Filipinos on the list drops from 14 last year to 12 this year, but their combined net worth increases from $45.8 billion to $55.2 billion

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

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

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

Alliance Global moves into infrastructure, proposes Skytrain

Oct 11, 2017 - 2:00 PM

Andrew Tan's new infrastructure subsidiary Infracorp Development announces its arrival with an unsolicited bid for a monorail project that would link Guadalupe, Makati to Bonifacio Global City

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

Resorts World Manila sees recovery, fast-tracks expansion

Sep 19, 2017 - 4:30 PM

Foot traffic at the Resorts World Manila complex is almost back up to pre-attack levels, while an expansion of its casino area is eyed for completion by December

Wealth of 50 Filipinos account for 24% of PH's 2016 GDP

Aug 24, 2017 - 3:10 PM

4th UPDATE Henry Sy Sr tops Forbes Philippines rich list in 2017 for a decade now but younger and self made tycoons are gaining ground

STILL RICHEST. Henry Sy Sr (extreme right) with wife Felicidad Sy (woman in glasses in the middle) and son Hans Sy (beside Felicidad) during SM grou's 2017 stockholders' meeting. Photo by Rob Reyes/Rappler

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

Megaworld net income up 11% to P6.69B in 1st half of 2017

Aug 10, 2017 - 6:40 PM

The rise is due mainly to the property developer s rental income which rose 20 to P5 83 billion for the period

Emperador net income down to P2.7 billion in 1st half of 2017

Aug 09, 2017 - 3:55 PM

The beverage firm s revenues came in at P18 1 billion for the period

Proposed SEC rule to hit San Miguel, PAL Holdings, Andrew Tan firms

Jun 17, 2017 - 10:49 AM

About 68 listed Philippine firms including 4 Andrew Tan led businesses will need to sell more shares to the public if SEC hikes the minimum public float to 20

RAISE. The SEC proposed to double the minimum public float level to 20% by July 1, 2017.

Resorts World Manila operator vows to 'defend' gaming license

Jun 13, 2017 - 6:00 PM

This comes after the Philippine Amusement and Gaming Corporation s decision to suspend the provisional license of the casino

QUIET. Firemen break several windows at the height of the fire during the attack of the casino hotel complex on June 2, 2017. Photo by LeAnne Jazul/Rappler

Empire East unaffected by Resorts World Manila attack

Jun 13, 2017 - 2:18 PM

Empire East will continue to invest and expand in the Philippines allocating P25 billion in capital spending budget over the next 5 years to fund its projects in Metro Manila and the south

PUSHING THROUGH. Kasara Urban Resort Residences in Pasig City is one of Empire East's projects. It is planning to build more inside and outside Metro Manila. Photo from Empire East

Resorts World Manila loses P7-B market value a week since attack

Jun 11, 2017 - 10:30 AM

The declining stock price of RWM makes even more evident the company s struggling performance over the last few years due to increasingly tough competition in the casino market

Resorts World Manila facade 2 days after the attack. Photo by LeAnne Jazul/Rappler

FAST FACTS: What you need to know about the Philippine casino industry

Jun 08, 2017 - 8:04 PM

Despite challenges Pagcor Chairperson Andrea Domingo says the local gaming industry s total revenues in 2017 may still expand to P160 billion

GAMING. The billion peso casino industry is in the spotlight as attacks on a luxury resort-casino led to the death of at least 36 people.

Resorts World to fund education of victims’ children until college

Jun 07, 2017 - 7:33 PM

Resorts World also vows to pay P1 million each to the victims families and P500 000 to those injured during the attack

VICTIM ASSISTANCE. Resort World Manila President Kingson Sian (left) and chief operating officer Stephen Reilly swear their oaths before lawmakers on June 7. Photo by Inoue Jaena/Rappler

FAST FACTS: What you need to know about Resorts World Manila

Jun 03, 2017 - 12:06 PM

Shooting and fire broke out in Resorts World Manila past midnight of June 2 Here s what you need to know about the place

ATTACK. Shooting and fire break out at Resorts World Manila past midnight of June 2, 2017. Photo by Alecs Ongcal/Rappler

Emperador to miss income target for 2017

May 15, 2017 - 3:32 PM

But Emperador expects profits to be better than in 2016 as it plans to launch new products targeting the young and upwardly mobile consumers

NEW PRODUCTS. Emperador recently introduced into the market Andy Cola, a ready-to-drink mix. It also expanded its brandy portfolio, by launching Hotshot Brandy. Images from Emperador

Alliance Global to build transport hub near NAIA

May 01, 2017 - 8:10 PM

This will connect the country s main international gateway to Newport City potentially increasing foot traffic to tycoon Andrew Tan s development

FOOT TRAFFIC. Alliance Global's Kevin Tan (L) says the transport hub wil be located below the newly-constructed 220-meter air-conditioned elevated bridge called Runway Manila. Photo from Megaworld website

FAST FACTS: How much meat does the Filipino consume?

Apr 14, 2017 - 2:41 PM

Most Catholics in the Philippines abstain from eating meat during the Holy Week

MEAT CONSUMPTION. Latest OECD data showed that a Filipino consumes an average of 28.8 kilos of meat yearly.

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

Record number of Filipinos among 'richest people on the planet'

Mar 21, 2017 - 8:03 AM

Joining the 14 Filipinos who are dollar billionaires in 2017 are Ramon Ang Injap Sia Eduardo Cojuangco and Roberto Ongpin

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

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

Alliance Global allots P1.2B for drug rehab centers

Dec 21, 2016 - 7:25 PM

The rehabilitation center to be built in Taguig City will accommodate around 500 drug reformists according to Alliance Global

SOCIAL RESPONSIBILITY. Alliance Global, through one of its foundations, will finance the construction and the design of the facility, which will soon rise on a 6,582 square meteres of land inside Camp Bagong Diwa in Taguig City. Rappler file photo

Emperador buying Pernod Ricard's Domecq brandy and sherry

Dec 05, 2016 - 2:36 PM

This comes after Emperador acquired 4 international brands originating in Spain over the past few months

ACCESS TO LATIN AMERICA. This deal provides Emperador access to the brandy market in Latin America. File photo from Emperador

Alliance Global spending over P150B for two-year expansion

Sep 29, 2016 - 3:55 PM

Betting on the country s growth potential Andrew Tan s investment holding firm is spending more to accelerate expansion of its businesses

AGGRESSIVE.'We continue to be optimistic about what lies ahead. That is why we have kept an aggressive capital spending plan moving forward,' Alliance Global president Kingson Sian says. Photo by Rob Reyes/Rappler

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

Henry Sy still PH's richest man for 9th straight year – Forbes

Aug 25, 2016 - 1:35 PM

The biggest gainer on the list of richest Filipinos percentage wise is Edgar Sia II

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

Travellers International nets P4B in 2015

Mar 17, 2016 - 8:35 PM

The Resorts World Manila operator sees a drop in income which it blames largely on foreign exchange losses stemming from a strong dollar

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

Marcos’ candidacy, HBO on Pacquiao, PH billionaires | 6PM wRap

Mar 03, 2016 - 7:05 PM

Watch Rappler’s 6PM newscast with Chay Hofileña

11 Filipino tycoons back in Forbes' list of world's richest

Mar 03, 2016 - 2:30 PM

Henry Sy Sr the 91 year old chairman of SM Investments Corporation retains his spot as the richest Filipino according to Forbes 2016 World s Billionaires

PHILIPPINES' RICHEST. (From left): Henry Sy, John Gokongwei Jr, Lucio Tan, and George Ty

PH's Emperador buys Spain's Fundador

Dec 01, 2015 - 3:29 PM

Andrew Tan s Emperador which started as a brandy maker in the Philippines has been expanding its global presence

Photo courtesy of Emperador

Andrew Tan's group earmarks P65B for entertainment, leisure township

Nov 02, 2015 - 2:50 PM

To be located near Manila Bay in Entertainment City Parañaque the township will house the second Resorts World in PH It is also eyed to become the Broadway of Asia

DEVELOPMENT. Megaworld and Travellers International Hotel Group, Inc. are allocating P65-billion ($1.39-billion) to develop Megaworld' 20th and second leisure and entertainment township, next to Newport City. Image from Resorts World Manila Facebook page

Philippine firms on billion-dollar global shopping spree

Oct 12, 2015 - 12:04 AM

Local firms are leveraging earnings from a robust economy to buy foreign firms at cheap prices in multiple sectors including telecommunications power fast food and oil

Virginia shooting, US-PH talks, Forbes richest | 6PM wRap

Aug 27, 2015 - 7:55 PM

Watch the 6PM edition of Rappler s newscast The wRap