CEBU, Philippines — Cebu Holdings Inc., (CHI), the developer of Cebu I.T. Park and Cebu Business Park is moving to address the rising demand for shared living spaces in Cebu. The Ayala-led publicly-listed developer announced the construction of its latest project called “The Flats” to meet the growing demand for shared living spaces in the city. The project, which caters to...
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MANILA, Philippines — The Philippine Competition Commission has charged Urban Deca Homes Manila Condominium Corporation and its parent 8990 Holdings, Inc. for abuse of dominance, marking the end of a months-long case against the mass-housing leader and the country's first abuse of dominance case. The case dates back to March 27 when the PCC filed a "statement of objec...
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THE export industry in Cebu has caught itself in a growing business uncertainty, as global trade remains lackluster and the cost of doing business rises. Philippine Exporters Confederation Inc. (Philexport)-Cebu executive director Fred Escalona asserted that if the downward trend continues, “it will be catastrophic” for the export sector not only of Central Visayas but of the countr...
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A Singapore-based arbitration court has ordered the Bloomberry group to pay $296 million to Las Vegas-based Global Gaming Philippines LLC (GGAM)/ The amount was for arbitral award in the case filed by GGAM which claimed that it had been unjustly booted out of the management of Solaire Resorts & Casino in 2013. Bloomberry, however, said it believed the final remedies award was “fund...
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