Megaworld Earmarks Php55B for Projects, Land Banking this Year

Makati—(PHStocks)—Megaworld Corp. (PSE: MEG), along with its subsidiary brands Global-Estate Resorts Inc. (PSE: GERI), Empire East Holdings Inc. (PSE: ELI), and Suntrust Properties Inc., are allocating PhP55 billion in capital expenditures (CAPEX) this year as it aggressively expands its rental portfolio, particularly its mall and office businesses. Seventy-five percent of the capital spending for 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 Enters Tourism Business after GERI Acquisition

Manila—(PHStocks)—Megaworld Corp. (PSE: MEG) has further expanded its development portfolio as it officially enters the tourism sector with the acquisition of majority stakes of Global-Estate Resorts Inc. (GERI), the country’s biggest tourism estate developer. The company now owns 80.4 percent of GERI. With the majority acquisition of GERI, Megaworld has added around 3,000 hectares to […]
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