Cebu’s Duros Group ventures to Siargao

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THE LILOAN, Cebu-based Duros Group of Companies is putting more money in tourism-related businesses, including a 38-room resort in Siargao called Gana Siargao Island Resort. Most of the investments, however, will still be focused in different parts of Cebu province. Duros Group President Fe M. Barino, in an interview, said apart from expediting the completion of its 200-hectare township in Liloan, it is also developing a retirement facility within the property, and more hotels in Cebu. Through Duros Land Properties Inc., the company has built big-ticket developments all over Cebu, including 23 Minore Park and the complex hosting Landers Superstore, and will soon complete the 200-room Minore business hotel. In an earlier interview, group chairman Rafaelito Barino said the company is spending about P4 billion for the development of its five-hectare retirement village located inside the 200-hectare Northside Beacon township. At present, the township already hosts a school, mid-rise condominium, the Woodland Towers, pocket subdivisions, an 18-hole golf course, and soon a hotel. The company is also considering the establishment of a hospital or clinic to complete the needed requirement for a full-fledged retirement facility. — The Freeman