Silver Heritage announced it has reshuffled its board following the completion of a deed of company arrangement. Former CEO Mike Bolsover is no longer a director, while DFNN's Ramon Garcia and Hatch Asia's Kirk Arambulo are among the new members.
SunTrust Home Developers announced that Suncity WC Hotel was granted incorporation by the Philippines’ Securities and Exchange Commission (SEC) on January 19.
Bloomberry Cultural Foundation has donated PHP50 million ($1 million) to construct the first hospital in San Andres, a remote area of Quezon.
Bloomberry Resorts chief Enrique Razon is spearheading efforts to bring Moderna’s coronavirus vaccine to the Philippines, consolidating orders from the wealthy class, business organizations, and other interested parties.
The Philippine Amusement and Gaming Corporation (PAGCOR) has turned over PHP6.1 million (US$128,000) to the Philippine Fiber Industry Development Authority (PhilFIDA), the government agency in-charge of developing and sustaining the fiber industry.
The number of kidnapping cases involving Philippine Offshore Gaming Operators (POGOs) almost doubled last year to 17 during the Covid-19 pandemic. There were 10 cases filed, 23 victims rescued, 33 suspects arrests and two suspects killed.
Philippine Offshore Gaming Operators (POGOs) have won a reprieve from a punishing franchise tax, which may stop the exodus from the country, but uncertainty over business conditions remains high, industry insiders say.
After bankrolling the construction of two evacuation centers in Albay last December, PAGCOR has approved the construction of four evacuation centers in the Bicol region.
Operators in Entertainment City had already begun to complain about the impact of rising competition on their margins even prior to the Covid-19 crisis. Now, with the outlook highly uncertain due to border closures and the erosion of the VIP sector, they may have to contend with three new developments pressing ahead.