Calata Corporation is one of the biggest agricultural conglomerates in the Philippines. Upon its IPO, its market capitalization was estimated to be over P2.7 billion. The company prides itself as the largest retailer and distributor of top agrochemical brands, feeds, fertilizers, veterinary medicines and seeds throughout the country. Recently, Calata Corp teamed up with American firms Sino-America Gaming Investment Group LLC (Sino-America) and Macau Resources Group Ltd. (MRG) to create a real estate and investment trust (REIT) for a proposed P65-billion integrated resort in Mactan, Cebu.
The Philippines is considering legalizing Bitcoin and other digital assets as securities to be regulated under existing security laws. According to cryptocurrency news outlets, Commissioner Emilio Aquino of the Securities and Exchange Commission said that the direction was to “consider this so-called virtual currencies offerings as possible securities in which case we will apply the […]
Agribusiness firm Calata Corp. says it expects to sign a MOU and lease deals with its international partners at some point this month for its P65-billion Mactan Leisure City development, local media reports. In a reply to a query from the Philippine Stock Exchange (PSE) on Monday, Calata said its partners Sino-America Gaming Investment Group […]
A consortium led by agribusiness Calata Corp says it expects to secure a gaming license from state-run Philippine Amusement and Gaming Corp. by the end of 2017 for its P65-billion casino resort in Cebu, local media reports. Last week, local media reported that Calata teamed up with a US-based investment group and Macau-based gaming operator […]
Agribusiness company Calata Corp. has teamed up with a US-based investment group and Macau-based gaming operator to create a real estate investment trust for a proposed P65 billion ($1.4 billion) integrated resort on Mactan Island, Cebu. Expected to open in 2020, the 14 hectare development will include three luxury hotels and an entertainment complex featuring […]