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Pop star David Cassidy told documentary makers he lied about dementia, drinking

LOS ANGELES — Former teen idol David Cassidy did not have dementia, as he claimed before he died, and lied about giving up drinking, the singer told the makers of a documentary about him in the months before his death.
Cassidy, 67, who shot to fame in the 1970s TV show The Partridge Family, died of organ failure at age 67 in Florida in November 2017, nine months after declaring he was fighting dementia in a bid to stave off reports about odd behavior.
But in an excerpt released on Wednesday from documentary David Cassidy: The Last Session, Cassidy told producers that his problems were due to alcoholism.
“I have a liver disease,” Cassidy told one of the producers in a recorded telephone call after an emergency hospital admission in September. “There is no sign of me having dementia at this stage of my life. It was complete alcohol poisoning. The fact is, I lied about my drinking,” he added.
Cassidy, whose hits “Cherish” and “I Think I Love You,” had teen girls swooning in the 1970s, was arrested three times for drunken driving between 2010 and 2014 and ordered to rehab as part of his sentence in 2014.
Speaking of his alcoholism, Cassidy told the documentary producers, “I did it to myself, to cover up the sadness and the emptiness.”
The documentary, which was chronicling the singer’s attempts to make a comeback and cope with dementia, was filmed in the months before his death and is due to be broadcast on cable channel A&E on June 11.
Cassidy, who was married three times, left a son, Beau, and a daughter Katie.
“We, the Cassidy family, were not affiliated with the A&E documentary. All we are interested in is maintaining the legacy of the icon he was,” Beau Cassidy said in a statement on Wednesday.
Co-producer Saralena Weinfield told People magazine that the documentary makers were unsure at first what to do with the footage and the telephone recording.
“We didn’t want to exploit him. But ultimately he was honest about what killed him and we decided that his legacy would be best served if we shared that,” Weinfield told People in an interview released on Wednesday. — Reuters

Del Monte Philippines defers IPO

DEL MONTE Philippines, Inc. (DMPI) has delayed what would have been the country’s first initial public offering this year, citing the current volatility in the local stock market.
In a disclosure to the stock exchange on Thursday, DMPI’s parent firm Del Monte Pacific Ltd. (DMPL) said it would postpone the issuance until market conditions improve.
“Market conditions continue to be volatile and the company has been advised by its bankers and advisors that it would be in the best interest of the company and DMPI to defer the offering until such time when the market conditions improve,” DMPL said.
DMPI had expected to raise up to P13.5 billion in the share sale, with pricing originally set to be announced on Wednesday.
This marked the second time that DMPI has postponed its IPO. The company had initially targeted listing at the Philippine Stock Exchange (PSE) last April, but was prompted to push back its issuance to give way to the stock rights offering of several lenders at the time amounting to around P110 billion.
The Philippine stock market is considered the worst performer in Southeast Asia, as the peso’s weakness and high inflation weighed on investor sentiment. The benchmark PSE index (PSEi) has plunged back to the 7,500 level after hitting a peak of 9,058 last Jan. 29.
Analysts noted the significant exit of foreign investors from the local market, with net foreign selling already at P48 billion by the end of May, almost reversing the P56-billion net purchases seen last year, according to a weekly market report by Eagle Equities, Inc. Research Head Christopher John Mangun.
The local unit of the canned fruit manufacturer had already secured approval from the Securities and Exchange Commission and the PSE to proceed with the offering last May 24 and May 31, respectively.
The planned share sale consisted of up to 587.44 million common shares priced at a maximum of P29.88 each, allowing the company to raise up to P17.5 billion in fresh capital.
DMPI had scheduled to offer the shares to the public from June 8 to 18, with listing at the main board of the stock exchange by June 25. The company would have been the first to take its shares public this year, ahead of property developer D.M. Wenceslao & Associates, Inc. (DMWAI).
DMWAI is set to price its IPO on Friday, with the offer period set to run from June 18 to 22. The company, which is developing Aseana City in Manila, looks to list its shares at the PSE by June 29.
DMPI is an indirect subsidiary of DMPL through Del Monte Pacific Resources Ltd.’s Central American Resources, Inc. DMPI sells canned pineapple juice and juice drinks, canned pineapple and tropical mixed fruits, tomato sauce, spaghetti sauce and tomato ketchup. — Arra B. Francia

Movies that gave a little something extra


By Richard Roeper, Chicago Sun-Times
(Warning: The following column is brimming with spoilers about movies old and new. If you haven’t seen Deadpool 2 yet and you’re planning to see Deadpool 2, don’t get mad at me if you read this before seeing Deadpool 2.)
AS YOU’D expect with a fourth-wall-breaking, wink-at-the-viewer film such as Deadpool 2, the bonus scenes popping up during the closing credits are especially clever and self-referential.
My favorite involves Ryan Reynolds’ Wade Wilson/Deadpool traveling back in time to dissuade Ryan Reynolds from doing the 2011 disaster that was Green Lantern.
And when I say dissuade, I mean Deadpool approaches Reynolds as the actor holds the script for Green Lantern — and he shoots Reynolds in the head.

*****

The movie is over, but wait, there’s still a bit more of the movie to come. It’s like a little cookie placed on the saucer of your after-dinner coffee.
In the Marvel Universe, the end credits bonus scene, or “stinger,” or “cookie,” has become such a staple that diehard fans stay in their seats at the end of the movie, patiently waiting for their treat.
But the cookie is not a 21st-century innovation. It goes back at least 60 years. (Some say it goes all the way back to 1903’s The Great Train Robbery, when the story ends, and the lead villain — who has just been killed — reappears and takes direct aim at the audience and fires.)
In the original Ocean’s 11 — I mean the original-original, from 1960 — after the dramatic conclusion of the story proper, we dissolve to a shot of Sammy Davis, Jr., still in character, walking down the Strip in the cold light of day as the soundtrack plays Davis singing “Eee-Oh-Eleven”:
“Show me a man without a dream, and I’ll show you a man that’s dead …”
We see the rest of the gang, as the credits start to roll, listing Peter Lawford, Frank Sinatra, Dean Martin, et al. Eventually they walk past a marquee for the Sands, advertising a show starring…
Frank Sinatra, Sammy Davis, Jr., Dean Martin, Peter Lawford, and Joey Bishop.
Rat Pack meta!

*****

Starting with From Russia With Love (1963), the James Bond films would feature a title card after the end credits, announcing the next adventure:
“NOT QUITE THE END
“JAMES BOND will return in the next Ian Fleming thriller, GOLDFINGER.”
The 1979 classic — yes, classic — The Muppet Movie is often credited as the film that took the end-credits cookie to the next level.
After “THE END,” we see the Muppets in a movie theater, reacting to the movie itself. It ends with Animal telling the audience to “Go home!” (Seven years later, a post-credits Ferris Bueller would echo the line, saying to the audience, “You’re still here? Go home!”)
I loved the stinger in Airplane! (1980). At the beginning of the film, pilot-turned-cabdriver Ted Striker (Robert Hays) tells a passenger, “I’ll be right back!” and then races into the airport.
We quickly forget about that passenger as the Airplane! adventure unfolds, but during the end credits, we return to the poor guy, who is still in the back of the cab and says, “Well, I’ll give him another 20 minutes, but that’s IT.”

*****

Another batch of cookies: the end-credits “blooper” sequences, featuring the actors from the comedy we’ve just seen improvising jokes and/or screwing up lines, prompting uproarious laughter from the performers and the crew.
As a rule, the less funny a comedy is, the more likely we’re going to see a blooper reel during the credits. The father of the blooper reel is stuntman-turned-director Hal Needham, who spotlighted Burt Reynolds messing up lines and cracking wise in the end-credits sequences for movies such as Smokey and the Bandit II and The Cannonball Run.
Perhaps the most tone-deaf placement of a gag reel: After the beautiful and provocative and sly and elegiac Being There (1979), with an ending that invited thoughtful and passionate debate, we were shown a scene of Peter Sellers repeatedly flubbing his lines in a scene that wasn’t in the final cut of the movie. Sellers was reportedly furious at the studio for undercutting the movie with the cheap stunt.
We’ve experienced tasty cookies in movies ranging from School of Rock to Ghost World to Star Wars: Episode 1 — The Phantom Menace to the Harry Potter movies to countless Pixar films to Saving Mr. Banks, but by far the most highly anticipated and most obsessively dissected cookies of the 21st century are created in the Marvel Universe.
One of my favorite Marvel cookies was the Iron Man 2 after-credits scene, set in New Mexico. Agent Coulson gets out of a car and observes a giant crater buzzing with activity.
He pulls out his phone and says, “Sir, we’ve found it.”
Zoom in on a close-up of… THOR’S HAMMER.
Too great. Sure, it’s really nothing more than glorified advertising, but still: too great. — Andrews McMeel Syndication

New MCIA terminal to service int’l flights starting on July 1

By Arra B. Francia, Reporter
LAPU-LAPU CITY, MACTAN — President Rodrigo R. Duterte on Thursday led the inauguration of the second terminal of the Mactan Cebu International Airport (MCIA), which is expected to ease congestion at the Philippines’ second busiest gateway.
The three-storey terminal covering 65,500 square meters (sq.m.) will service solely international flights starting July 1. MCIA’s Terminal 1 will be dedicated for domestic flights.
The P17.5-billion MCIA expansion was the biggest public-private partnership (PPP) project awarded by the Aquino administration. In 2014, GMR-Megawide Cebu Airport Corp. (GMCAC), a joint venture of Bangalore-based GMR Infrastructure Ltd. and Megawide Construction Corp., won the contract for the project and the concession to operate and maintain MCIA for 25 years.
“As one of the finest airports in Asia, this will showcase the best of what the Philippines has to offer. The construction of the second terminal of MCIA shows that the government and private sector as partners are committed to provide people with the necessary infrastructure to be more productive and provide more meaningful lives,” Mr. Duterte said in a speech during the terminal’s inauguration.
He added that this will spur economic activity in Cebu and the Visayas region.
“Without doubt this project will result to inclusive growth in the countryside… As we look forward to a promising future for Cebu and the rest of the Visayas, I call upon MCIA and the rest of the Cebuano community to join us in developing the potential of localities,” Mr. Duterte said.
Terminal 2 will be able to accommodate eight million passengers annually, bringing MCIA’s total capacity to 12.5 million.
“For the past years, MCIA’s demand has exceeded the physical capacity of its terminal. With the addition of Terminal 2, not only will we be able to sustainably cope with the steadily increasing number of passengers, we will also be able to open Cebu to more international flights,” GMCAC President Manuel Louie B. Ferrer said.
The MCIA is the country’s second largest airport facility, servicing around 10 million passengers in 2017, well beyond its 4.5-million capacity.
To-date, the airport offers a total of 25 international destinations and 30 domestic destinations through its 26 partner airlines.
With the second terminal’s opening, GMCAC said it expects passenger traffic to reach 11.2 million this 2018, 12% higher than the year before.
GMCAC Chairman Srinivas Bommidala noted the company remains optimistic on the Philippines’ growth.
“Terminal 2 is a testament to GMR Group’s credentials as a leading global airport developer and operator. We are optimistic about the Philippines’ growth story, specifically in aviation, and look forward to contributing further to its ongoing Build, Build, Build program,” Mr. Bommidala said.
Among the features of Terminal 2 are 48 check-in counters (expandable to 72), provisions for seven passenger boarding bridges (expandable to 12), and 12 escalators and 15 elevators. There is also a parking facility that can accommodate up to 750 cars.
The terminal will also house 3,000 sq.m. of gross leasable spaces that will cater to retail and commercial establishments, including a walk-through Duty Free store.
The group tapped Hong Kong-based Integrated Design Associates to give add resort-inspired elements to the new terminal. For instance, the roof is made up of an array of glulam arches spanning 30 meters, minimizing the number of columns in the building.
British firm SSP Group, meanwhile, will manage the terminal’s food and beverage segment. This is the same group that operates some of the busiest airports in the world such as London’s Heathrow Airport and New York’s John F. Kennedy International Airport.
GMCAC is also proposing to build a second runway for MCIA, but this is still up for review by the Department of Transportation.
The GMR-Megawide consortium earlier this year submitted a proposal to the government to rehabilitate the Ninoy Aquino International Airport for $3 billion, going against a proposal made by a group composed of seven of the country’s largest conglomerates.

Kate Spade was under treatment for depression

NEW YORK — Designer Kate Spade, who committed suicide in New York this week, had been treated for depression and anxiety for five years, her husband said Wednesday. “She was actively seeking help for depression and anxiety over the last five years, seeing a doctor on a regular basis and taking medication for both depression and anxiety,” her husband Andy Spade said in a statement carried by The New York Times. It was a blunt rebuke to claims by the designer’s sister that Kate Spade needed mental health care but refused treatment over concerns about potentially hurting the light-hearted brand. The death of the 55-year-old star designer, whose body was found Wednesday in her Park Avenue apartment, “was not unexpected by me,” Spade’s older sister Reta Saffo told The Kansas City Star from her home in Santa Fe, New Mexico. Celebrity news website TMZ cited police sources as saying Spade had fallen into depression in recent weeks after her husband left her and was seeking divorce. Andy Spade said that the couple had been living apart but in the same neighborhood, caring for their 13-year-old daughter Bea. — AFP

MICT operations get a boost with new cranes

THE Manila International Container Terminal (MICT) on Thursday received new port handling equipment, which expands its capacity by allowing it to accommodate the world’s biggest container ships.
International Container Terminal Services, Inc. (ICTSI) said in a statement that MICT took delivery of two Neo-Panamax quay cranes and one Post-Panamax quay crane from Shanghai Zhenhua Heavy Industry Co. Ltd. (ZPMC). It expects two more quay cranes to arrive next year.
“Currently the largest port handling equipment in the country, existing or planned, the Neo-Panamax cranes allow MICT to handle up to 14,000-twenty-foot equivalent unit (TEUs) boxships — the largest in the intra-Asia trade. This puts MICT at par with the major ports in developed markets in terms of facilities and equipment capacity,” ICTSI said in a statement.
The company said the Neo-Panamax quay cranes will be placed at Berth 6, while the Post-Panamax crane at Berth 5. The acquisition is part of the Razon-led company’s $80-million capital equipment program for its Manila port.
“By investing in state-of-the-art infrastructure and equipment, we are strengthening MICT’s position as one of the best-equipped and most technologically advanced terminals serving the intra-Asia trade,” Christian R. Gonzalez, ICTSI head of global corporate and regional head of Asia Pacific and MICT, was quoted in the statement as saying.
ICTSI is hoping to increase productivity and reduce port stays, following the delivery of the new cranes. This has also increased MICT’s fleet to 16 cranes, making it the biggest in the country now.
“The new cranes, along with other planned improvements at the MICT, will further boost the port’s already efficient turnaround times. This will redound to economic benefits benefiting the entire Philippine supply chain,” Mr. Gonzalez added.
The port operator also said it is looking to complete by the third week of June its construction of a barge terminal in the south, the Cavite Gateway Terminal. It is part of the company’s $380-million capex for 2018.
ICTSI reported a 15% decline in its first quarter earnings to $44.1 million from $51.7 million during the same period in 2017, due to the drag from its new terminals. — Denise A. Valdez

Out-of-school population declines in 2017, PSA says

THE population of persons of school-going age who were not in school dropped to 3.6 million in 2017 from 3.8 million a year earlier, the Philippine Statistics Authority (PSA) said.
The survey of out-of-school children and youth (OSCY) determined that the population in 2017 represents 9.1% of the 39.2 million Filipinos aged 6 to 24 years old, according to the PSA’s 2017 Annual Poverty Indicators Survey (APIS). In 2016, the equivalent percentage was 9.8%.
The PSA defines the OSCY category as those in the 6-14 age group who are not receiving formal schooling, and those in the 15-24 bracket who are currently out of school, have not completed post-secondary education and are not gainfully employed.
By age group, 83.1% of the 3.6 million OSCYs were 16-24 years old; 11.2% were 12-15; and 5.7% were 6-11. The proportion of OSCYs was higher among females (63.3%) than males (36.7%).
The most common reasons cited for not attending school were marriage or family matters (37%); lack of personal interest (24.7%); and high cost of education or financial concerns (17.9%).
The PSA said around 50% of OSCYs belong to families whose incomes were in the bottom 30% on a per capita basis.
Ruben Carlo O. Asuncion, chief economist at Union Bank of the Philippines said that having a clear understanding of the reasons for not being in school “should be key” to solving the problem of school dropouts.
“For one, poverty keeps children from getting a good education, and, at times, children who learn to earn at an early age seem to drop out of school because they do not see the immediate value of finishing high school education or getting a degree,” he said.
Mr. Asuncion noted that this problem has long-term consequences. He cited a 2015 study by the Bangkok office of the United Nations Educational, Scientific and Cultural Organization where the direct economic costs incurred by OSCYs who have not completed primary education in Southeast Asian countries is 0.1% to 4% of economic output once the OSCYs reach working age.
“Thus, government should definitely be involved in addressing the problem. But, a multi-stakeholder approach may also be beneficial,” he said, adding that the government’s cash transfer programs for the poor is “one example of how government deals with keeping children in school through helping their parents.”
The APIS is a nationwide survey conducted to provide non-income indicators related to poverty at the national level. The 2017 survey covers around 11,000 sample households nationwide. — Lourdes O. Pilar

Facebook announces first original news shows

SAN FRANCISCO — Facebook on Wednesday announced its first original news shows for the social network, joining other online platforms producing video to compete with television. The news shows will be produced for Facebook by a variety of partners including CNN, Fox News, ABC News and Univision. The programs are producing the social network’s on-demand video service called Facebook Watch, which is part of an effort to compete with platforms such as Google-owned YouTube, and potentially develop a wider following. Facebook said the launch of news shows was also aimed at offering its members “trusted” content following concerns that the platform was used to spread misinformation. “Earlier this year we made a commitment to show news that is trustworthy, informative, and local on Facebook,” said a statement from Facebook news partnerships chief Campbell Brown. The first programs include ABC’s On Location featuring contribution from the network’s journalists from around the globe; CNN’s Anderson Cooper Full Circle featuring the popular CNN host; and Fox News Update hosted by chief news anchor Shepard Smith. — AFP

Six Philippine firms included in Forbes Global 2000 list

BDO
BDO Unibank, Inc., the banking unit owned by Mr. Henry Sy, Sr., stood at 1,072nd position from 1,018th last year.

FEWER Philippine companies landed on the Forbes Global 2000 list of the world’s biggest, most powerful and most valuable companies.
Six companies — down from eight last year — bannered by SM Investments Corp. joined other global corporate heavyweights in the 16th edition of the annual ranking based on sales, profits, assets and market value, Forbes said in a statement.
The holding firm of Henry Sy, Sr., the country’s richest man, stood at 883rd place, down from 823rd last year.
BDO Unibank, Inc., the banking unit owned by Mr. Sy, also saw its ranking slip to 1,072nd position from 1,018th a year ago.
Top Frontier Investment Holdings, Inc., the largest shareholder of San Miguel Corp., tumbled to 1,210th spot from 1,128th, while Ayala Corp., the Philippines’ oldest conglomerate, dropped to 1,216th place from 1,175th.
JG Summit Holdings, Inc., the holding firm of the Gokongwei family, slid to 1,506th slot from 1,151st, and Metropolitan Bank & Trust Co. of tycoon George S.K. Ty declined to 1,750th position from 1,531st.
“You can say that these are the companies that are too big to absorb the heat because they can spread the risks,” Rens V. Cruz II, analyst at Regina Capital Development Corp., said in a phone interview.
“You also have the two biggest banks in the country and going into 2018, financial is the most profitable sector,” he added.
Aboitiz Equity Ventures, Inc. and Manila Electric Co. missed this year’s ranking after being included in the 2017 edition.
Industrial & Commercial Bank of China dominated the elite list for the sixth consecutive year, with China Construction Bank remaining in second place.
JPMorgan Chase became the largest company in the US, moving up a notch to third place and overtaking Berkshire Hathaway, which slid to fourth place.
Rounding out the top 10 are Agricultural Bank of China, Bank of America, Wells Fargo, Apple, Bank of China, and Ping An Insurance, respectively.
Collectively, the Forbes Global 2000 accounts for $39.1 trillion in sales, $3.2 trillion in profit, $189 trillion in assets and $56.8 trillion in market value. All metrics are up double digits year over year, with profits up 28%.
“It’s been a strong year for businesses worldwide, and companies on the Forbes 2018 Global 2000 saw their market value, assets, sales and profits jump,” Halah Touryalai, deputy editor for Money & Markets at Forbes Media, was quoted in the statement as saying.
“But while this year’s market correction may not hurt the world’s largest public companies, looming geopolitical challenges, like a trade war, are a different story. With China and the United States making up more than 40% of the Global 2000, the possibility of a trade war between the two is a major risk for global companies.”
Forbes used an equal weighting of all four metric — sales, profits, assets and market value — to rank companies according to size. Each company received a separate score for each metric, with Forbes adding up all the scores to compile a composite score. The highest composite score got the highest rank. — Krista Angela M. Montealegre

ILO sees progress in tackling contractualization issues

THE International Labor Organization (ILO) said the Philippines is moving forward both in terms of its compliance with international labor laws and resolving the issue of contractualization.
ILO Philippine Country Director Khalid Hassan said he views the government to be taking “very seriously” the issue of labor contractualization after the labor department released a list of companies who are still allegedly practicing it.
The list consisted of 3,377 companies the Department of Labor and Employment (DoLE) submitted to Malacañang, though only the leading firms were made public.
“They are improving, they are discussing it, they are coming up with ideas, they are looking into the laws, if there is a need to adjust the laws. It’s not that easy,” Mr. Hassan told BusinessWorld on the sidelines of the Labor Standards and Trade Forum held in Makati City on Tuesday.
He added there is room for improvement in areas such as dialogue with stakeholders.
“You must have observed (that) there are a lot of discussions with the employers’ organizations. (But) it takes time, it needs social dialogue,” Mr. Hassan said in a press conference.
While admitting that some stakeholders “may still be not happy” with the measures the government has taken, communication is the “first step in going in that direction.”
President Rodrigo R. Duterte’s campaign promises include was putting an end to employment practices that deny workers a path to permanent employment and security of tenure.
To mark Labor Day, Mr. Duterte signed an executive order instructing the DoLE to inspect working conditions and compile its list of companies subject to compliance orders. — Janina C. Lim

Indie rockers start streaming site for outtakes

NEW YORK — Indie rockers The National and Bon Iver on Wednesday unveiled the latest entrant into the streaming universe — a site for musicians to post their outtakes hassle-free. Dubbed People, the platform is designed not as a rival to major streaming sites such as Spotify but rather as a free site of benefit to musicians and, ideally, to fans. People, available in test form at https://beta.p-e-o-p-l-e.com/, will let artists upload tracks that did not make the cut for albums, early versions of songs that did see the light of day, or pretty much anything else the musicians think the world may want to hear. Justin Vernon, the central member of Wisconsin-based experimental rockers Bon Iver, speaking to The Guardian, said that many musicians lose focus and rhythm because they need to wait months before putting out their music. “So for me, People is a necessity for publishing certain music without cause for PR alarm, or any other reason than just to publish it,” he told the newspaper. — AFP

DoubleDragon targets tourists with Pasay food village

By Krista A.M. Montealegre, National Correspondent
DOUBLEDRAGON Properties Corp. is unveiling a food and heritage village targeting locals and tourists within its commercial project in Pasay City.
In a disclosure to the stock exchange on Thursday, the property developer said Islas Pinas will “showcase the abundance and vibrancy of the Filipino culture” and allow local and international guests to experience the Philippines’ heritage sites, its natural resources, hospitality and its cuisine.
Envisioned to be the “new icon of tourism,” Islas Pinas will have a capacity of over 700 seats covering 2,500 square meters (sq.m.) of space.
“Because of the ideal location of DoubleDragon Plaza at DD Meridian Park — our close proximity to the airport terminals and being only about five minutes away from (Ninoy Aquino International Airport Expressway) — we believe Islas Pinas will become a must visit stopover for both domestic and international tourists visiting the capital,” DoubleDragon Chairman Edgar “Injap” Sia II was quoted in a statement as saying.
Islas Pinas is a collaboration between the DoubleDragon Group and chef Margarita Fores to “inspire nationalism and cultivate patriotism” by highlighting the country’s beautiful sites and diverse regional cuisines.
Islas Pinas will put food at the centerstage, offering all-day Filipino breakfast favorites, comfort snacks, signature dishes of different regions of the Philippines, neighborhood baker products and urban street foods.
“DoubleDragon has always believed in embarking on projects with relevance. We believe Islas Pinas will be a landmark in the country, and will showcase the diversity not only of our cuisine and handicrafts but also our landscape and architecture brought about by the rich heritage and culture of the country,” said Marianna H. Yulo, the company’s chief investment officer.
Islas Pinas is the anchor of DoubleDragon Plaza, which forms part of the 4.8-hectare DD Meridian Park commercial and office complex.
The DoubleDragon Plaza is an 11-storey project offering 130,000-sq.m. of leasable office space and an additional 12,000 sq.m. of retail space on the ground floor. The project is located at the corner of Macapagal Avenue and EDSA Extension along the Bay Area in Pasay City.
DoubleDragon Plaza is the first phase of DoubleDragon’s 4.75-hectare DD Meridian Park in Bay Area.
By the end of its development in 2020, DD Meridian Park will have a total gross leasable area (GLA) of 280,000 sq.m.
Shares in DoubleDragon slid 75 centavos or 2.61% to end at P28 each on Thursday.