Philippine Builder Headlines

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Governor wants Australian mining

BAYOMBONG, Nueva Vizcaya: Gov. Luisa Lloren Cuaresma, apparently slighted by the seeming disregard of a foreign mining firm for the provincial government’s “cease and desist order,” on Tuesday advised officials of the Australian mining firm to just leave the province if it could not pay the taxes and fees being…     Full Story

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SC Junks Bid to Operate NAIA 3

The Supreme Court, voting 7-4, has denied the petition filed by Lucio Tan’s Asia’s Emerging Dragon Corporation (AEDC), seeking to operate the controversial Ninoy Aquino International Airport – International Passenger Terminal 3 (IPT 3) after the government abandoned its contract with its builder Philippine International Air Terminals Co., Inc. (PIATCO)…     Full Story

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Phillippine Developer Looks to non-OFW markets to build up sales

Amidst the US economic slowdown, a Filipino developer of affordable medium rise condominiums north of Manila is looking to non-US overseas Filipino workers (OFW) markets to continue addressing the need for quality homeownership. 

At the sidelines of the launch of its newest development, Belton Communities Inc. Sr. AVP for…     Full Story

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Robinsons Land spending P12B to build 16 malls

Robinsons Land Corp. plans to boost the number of its malls over the next five years as it pursues an aggressive growth strategy across the country, company president and chief operating officer Frederick Go said. He said as many as 16 new malls would be set up until 2013 at…     Full Story

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SM Prime Holdings to spend P33B over next 5 years

Mall developer and operator SM Prime Holdings Inc. said on Friday it is spending P33 billion ($787 million) in the next five years to fund domestic expansion. The company said the five-year budget includes P6 billion this year for the construction of three new malls and the upgrade of three…     Full Story

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Koreans, Condos and a Rare Unspoiled Philippine Forest

A Hanjin Heavy construction project inside a protected forest raises a storm of protest.The Philippines’ Subic Watershed Forest Reserve is 9,800 hectares of primeval forest, a lowland ecosystem of 745 different plant species, including three that are endangered and four others that are potentially threatened.  Virtually the last bit…     Full Story

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German firm wants repair job at Naia-3

Unfazed by the soured investment of Fraport AG in the controversial Ninoy Aquino International Airport Terminal-3, another German company has signified interest to participate in the proposed bidding of the incomplete construction works in the facility.

Henry Schumacher, executive vice president of the European Chamber of Commerce of the…     Full Story

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Developer remains optimistic despite US financial slowdown

AN upscale property developer remains upbeat about prospects in the real estate industry in the country despite the looming recession in the United States, which could hurt the local property market.

“Whatever affects the US, affects the world. But now, the effect (on the real estate market in the…     Full Story

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Manila's Ayala enters Indian real estate market

The Philippines' biggest property developer Ayala Land (ALI.PS: Quote, Profile, Research) said on Monday an affiliate would form a joint venture with India's Mahindra Group to build an exclusive residential development in Chennai.

Mahindra will own 51 percent of the joint venture and the remainder will be owned by…     Full Story

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Australian miner expanding Philippine project

Australian company Medusa Mining said it was on track in a first-phase expansion that would triple by late 2009 its annual output to 60,000 ounces of gold from its Co-O mine in the southern province of Surigao del Sur.

In a report to investors, Medusa said it was producing…     Full Story

Construction exhibits to fuel industry growth
Events
ImageWith overseas Filipino workers (OFWs), retirees as well as those in the business process outsourcing companies stimulating demand for residential homes, another sector is reaping profits: construction industry.

Indeed, with the country's construction industry enjoying a rebound (after the financial crisis that erupted in Asia in mid-1997), one event manager believes holding two events-one in Cebu this June and another in Manila this September-would definitely show how far the industry has marched forward.
 
Governor wants Australian mining
Top Stories
ImageBAYOMBONG, Nueva Vizcaya: Gov. Luisa Lloren Cuaresma, apparently slighted by the seeming disregard of a foreign mining firm for the provincial government’s “cease and desist order,” on Tuesday advised officials of the Australian mining firm to just leave the province if it could not pay the taxes and fees being collected by her administration.

“If you can’t pay, then better get out,” the irate Cuaresma told officials of the Australian-owned Oceana Gold Phils. led by Jake Foronda, general manager of its Didipio Gold-Copper Project, at the field office of the province’s Environment and Natural Resources Office in the said mining village in Kasibu, Nueva Viscaya, where the firm is conducting mining exploration activity.
 
Rufino group wins premier Boni property
Real Estate
NET Group of the Rufino family has won the rights to acquire and develop a prime 1.2-hectare property in Bonifacio Global City for P2.032 billion.

Bases Conversion Development Authority president Narciso Abaya said the winning bid of P168,889.11 per square meter , or P2.032 billion, was above the agency’s minimum price of P160,000 per sq. m., or P1.925 billion, for the property.

The property is directly adjacent to the West Super Block that will house Philippine Stock Exchange, six-star Shangri-La Hotel and high-end residential condominiums of Shangri-La and Ayala Land.
 
German firm wants repair job at Naia-3
Top Stories
Unfazed by the soured investment of Fraport AG in the controversial Ninoy Aquino International Airport Terminal-3, another German company has signified interest to participate in the proposed bidding of the incomplete construction works in the facility.

Henry Schumacher, executive vice president of the European Chamber of Commerce of the Philippines, told reporters that the German firm was interested in being part of a consortium that would undertake the unfinished contracting works in the airport terminal.
 
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