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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Travellers Formalizes Partnership with Hotel Okura

Travellers International Hotel Group Inc. (TIHGI, PSE: RWM), owner and operator of Resorts World Manila (RWM), formalized an agreement with luxury Japanese hospitality chain Hotel Okura Co. Ltd to operate Hotel Okura Manila, a 191-room hotel, as part of the country’s first integrated resort. With a soft opening targeted in the fourth quarter of 2018, […]
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Resorts World Manila Resumes Gaming Operations

Pasay—(PHStocks)—Resorts World Manila, the integrated resort operated by Travellers International Hotel Group Inc. (PSE: RWM), today resumes its gaming operations as the Philippine Amusement and Gaming Corporation (PAGCOR) lifted the June 9, 2017 suspension order of the Company’s provisional license to operate casinos and other gaming facilities. The decision came after RWM presented to PAGCOR its Casino […]
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Official Statement of Resorts World Manila

Pasay—(PHStocks)—The following is the official statement of Resorts World Manila, the integrated resort operated by Travellers International Hotel Group Inc. (PSE: RWM), after a lone gunman attacked the resort at midnight Friday, June 2, setting fires to casino tables and firing at security personnel. “This is a sad day for Resorts World Manila. At approximately 12 midnight […]
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Alliance Global Q1 Net Profit Reaches PhP5.4B

Manila—(PHStocks)—Alliance Global Group Inc. (PSE: AGI) registered a net income of PhP5.4‐billion in the first quarter of 2017, up 2% from last year’s PhP5.3‐billion. The investment holding company of billionaire Dr. Andrew Tan attributed its improved performance to ongoing efforts in building more sustainable and higher margin businesses across its major subsidiaries. AGI’s consolidated revenues […]
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Alliance Global 9M Net Profit Grows 7% to PhP17.3B

Manila—(PHStocks)—Alliance Global Group Inc. (PSE: AGI), the investment holding company of tycoon Dr. Andrew L. Tan, recorded net income of PhP17.3 billion in the first nine months of the year, reflecting a growth of 7% year-on-year. This came on the back of cost efficiencies across all business segments, allowing for better operating margins as consolidated […]
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Travellers 3Q Gross Revenues Up 13% in 2016

Pasay—(PHStocks)—Gross revenues of Travellers International Hotel Group Inc. (PSE: RWM), owner and operator of Resorts World Manila (RWM), increased by 13% year-on-year reaching PhP7.1 billion for the quarter ending September 30, 2016 in unaudited consolidated financial results. Travellers’ EBITDA and net profit followed the uptrend with a 35% increase to PHP 1.9 billion and 154% […]
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AGI to Spend More than PhP150B for Two-year Expansion Programs Across Businesses

Manila—(PHStocks)—Alliance Global Group Inc. (PSE: AGI), the investment holding company of tycoon Dr. Andrew L. Tan, is allocating more than P150-billion for this year until 2017 to finance the various expansion plans of its companies. “We continue to be optimistic about what lies ahead. That is why we have kept an aggressive capex plan moving […]
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