AGI Earmarks PhP240B for Capex Up to 2020

Alliance Global Group Inc. (PSE: AGI), the investment holding company of billionaire Dr. Andrew L. Tan, has announced a three-year capital expenditure (CAPEX) of PhP240 billion up to 2020 to ensure its organic growth. AGI’s CAPEX is intended to launch more development projects around the country, further increase its leasing capacities for its office buildings […]
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Consortium Formed to Rehabilitate, Maintain and Operate NAIA

Aboitiz InfraCapital Inc., AC Infrastructure Holdings Corp., Alliance Global Group Inc. (PSE: AGI), Asia’s Emerging Dragon Corp., Filinvest Development Corp. (PSE: FDC), JG Summit Holdings Inc. (PSE: JGS), and Metro Pacific Investments Corp. (PSE: MPI) have all agreed to form a consortium to rehabilitate, operate, and maintain the Ninoy Aquino International Airport (NAIA) through an […]
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Alliance Global Records PhP11.3B Net Income in 1H

Manila—(PHStocks)—Alliance Global Group Inc. (PSE: AGI), the investment holding company of billionaire Dr. Andrew L. Tan, reported a net income of PhP6.08 billion in the second quarter of this year, reflecting an increase of 3% year-on-year and a 15% improvement quarter-on-quarter. The growth came on the back of a 3% expansion in consolidated revenues to […]
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Alliance Global Records PhP5.3B Net Income in 1Q 2016

Manila—(PHStocks)—Alliance Global Group Inc. (PSE: AGI) posted a net income of PhP5.3 billion in the first three months of this year, about 5% lower from its level a year ago, as consolidated revenues were generally steady at PhP33.1 billion. “We executed well in the first quarter despite the heavy external headwinds and the initial uncertainty leading to the […]
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Megaworld, Travellers Investing PhP65B to Build Westside City

Manila—(PHStocks)—Megaworld Corp. (PSE: MEG), the country’s leading developer of integrated urban townships, and Travellers International Hotel Group Inc. (PSE: RWM), the developer and operator of Resorts World in the Philippines, are allocating PhP65 billion to develop a 31-hectare leisure and entertainment township at the booming Entertainment City in Paranaque City. To be called Westside City, […]
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Megaworld Earmarks PhP20B for 12 Office Towers in Fort Bonifacio

Manila—(PHStocks)—Megaworld Corp. (PSE: MEG) is opening 12 new office buildings in three of its four townships in the bustling Fort Bonifacio in the next three years. The company is spending PhP20 billion to construct these state‐of‐the‐art towers, growing more than twice its current 300,000 square meters office space inventory in Fort Bonifacio alone by 2018. “We remain upbeat […]
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Alliance Global to Become Philippine’s Biggest Hotel Developer by 2020

Manila—(PHStocks)—Andrew Tan-led conglomerate, Alliance Global Group, Inc. (AGI), bares plans to aggressively expand its hotel business in the Philippines in the next six years. Speaking at the Philippines Property Awards 2014 in Makati City, Alliance Global Group chair Dr. Andrew L. Tan revealed that the group will have a total of 12,000 hotel rooms in […]
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PH Stocks Down for Second Session

Manila—(PHStocks)—Philippine stocks extended their declines Friday, 10 January, as sell-off continues. The Philippine Stock Exchange index (PSEi) shed 1.59% or 94.63 points to close this week’s trading at 5,842.88. Most counters were back in the red, led by the Holding Firms segment, which dropped by 2.56%, followed by Financials, which slid by 1.86%. The wider […]
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