Facebook Instagram Linkedin X Youtube
Home Blog Page 8362

FDCP film fest celebrates women in cinema

THE FILM Development Council of the Philippines (FDCP) kicked off its celebration of  National Women’s Month on Mar. 8 —  International Womens’ Day —  by launching Cine Filipina: Juana sa Gitna ng Pagbabago. The program includes women-led films, both feature length and shorts, and talks on women empowerment on the FDCP Channel (fdcpchannel.ph).

The Cine Filipina talks, limited screenings of the opening and closing films, and the CineMarya short films and panel discussions can be viewed for free. Meanwhile, 10 films are available through video-on-demand (VOD) for P99.

“Through Cine Filipina, we hope to further the rights and welfare of women with our online film screenings and events. Our Cine Filipina film selection was curated to represent the story of every Juana — the struggles, the challenges, the triumphs — in light of gender empowerment and equality,” FDCP Chairperson and  Mary Liza Bautista Diño-Seguerra said in a statement.

The following films are on view until Mar. 31: Sonata, directed by Peque Gallaga and Lore Reyes; Ang Babae sa Likod ng Mambabatok, by Lauren Sevilla Faustino; White Slavery and Maynila sa mga Kuko ng Liwanag, both directed by Lino Brocka; Chasing Fireflies by Sheron Dayoc; Bagahe by Zig Dulay; Ang Damgo ni Eleuteria by Remton Zuasola; Lorna by Sigrid Andrea Bernardo; Adela  by Adolfo Alix, Jr.; and Miss Bulalacao by Ara Chawdhury.

Short films and replays of panel discussions from the CineMarya Women’s Short Film Festival will be shown for free from Mar. 20 to 21.

The two CineMarya film talks from the 2020 Pista ng Pelikulang Pilipino (PPP) that will be featured are: “Women in Philippine Cinema,” moderated by producer Armi Cacanindin featuring film editors Tara Illenberger and Ilsa Malsi, producers Pamela Reyes and Ria Limjap, and director and cinematographer Lee Briones-Meily; and “Women in Public Service” featuring FDCP Chairperson and CEO Liza Diño, Department of the Interior and Local Government Undersecretary Marjorie Jalosjos, Quezon City Mayor Joy Belmonte, and Movie and Television Review and Classification Board Chair Rachel Arenas, with Issa Litton as moderator.

Meanwhile, two FDCP Film Talks on Cine Filipina will be streamed live on Mar. 27 and 28, 6 p.m., on the FDCP’s YouTube channel and Facebook pages. These are: “Si Juana at ang Lockdown” (Mar. 27) on women in the film industry’s vulnerable and marginalized sector and their experiences during the pandemic; and “Women Artists in Lockdown” (Mar. 28) on art, womanhood, and the lockdown, along with the works that were made as a response to the pandemic and the lockdown.

Cine Filipina’s closing ceremonies will be streamed on Mar. 31, 7 p.m., on the FDCP’s YouTube channel and Facebook pages. This will be followed by a one-time free screening of Verdict, directed by Raymund Ribay Gutierrez, at 7:30 p.m. on the FDCP Channel.

To watch the Cine Filipina films, log in at the FDCP Channel (or create an account for free) and click the Events tab. For more information and inquiries, visit https://www.facebook.com/fdcpchannel.ph or https://fdcpchannel.ph.

Sta. Lucia Land shows resilience amid crisis

PROPERTY DEVELOPER Sta. Lucia Land, Inc. is showing its resilience amid the pandemic, as it continues to develop high-quality and value-for-money residences around the country.

“At Sta. Lucia Land, we always strive to do business the right way. We deliver what we promised our homebuyers — we do not take shortcuts. We know that every investment is a product of their hard work and that’s why we make sure that our projects are indeed worth every centavo,” Sta. Lucia Land President Exequiel D. Robles said in a statement.

“This is why we continue to build projects of premium quality, partner with some of the most dependable marketing arms and do joint ventures with other highly established land owners and developers,” he said.

The listed company has developed over 250 projects, ranging from townships, condotels, golf courses, offices, commercial spaces, house and lots, and lakeside communities.

Its projects include Nottingham Villas in Iloilo; Mesilo at Nueva Vida in Dasmariñas, Cavite; Valle Verde Cebu in Lapu-Lapu City; and Woodside Garden Village in Urdaneta, Pangasinan.

Sta. Lucia has also developed the Acropolis Loyola, a 40-hectare estate covering parts of Quezon City and Marikina City; the 220-hectare Summit Point Residential Estates and Golf & Country Club in Lipa, Batangas; Club Morocco Beach Resort and Residential Estates in Subic, Zambales; and the 707-hectare Eagle Ridge Golf & Residential Estates in Cavite.

“Our projects are built with all the essentials needed for our residents to experience even better days ahead. We provide them with amenities and facilities that would encourage them to live a multifaceted lifestyle. And with the pandemic still proving to be a challenge, trust that we will continue to create communities where they will feel safe and secure,” Mr. Robles said.

Sta. Lucia Land said it is committed to developing projects that are value-for-money and have premium quality. It also ensures the communities “will be the homebuyers’ own legacy, which they can pass on to the next generation.”

“We’ve always made sure to study and understand what the market needed. In doing so, we were able to come up with projects that were attuned to their preferences, enabling us to further expand our footprint in more areas,” Mr. Robles said.

Ayala unit secures $67-million funding for solar farm in India

COMPANY HANDOUT

AYALA-LED AC Energy and Infrastructure Corp. (ACEIC) and its partner UPC Solar Asia Pacific Ltd. have reached financial close for a 100-megawatt (MW) solar farm in India, according to a press release issued by Ayala Corp. on Monday.

ACEIC’s listed parent firm told the stock exchange that the $67-million (around P3.25 billion) Sitara Solar project located in the desert state of Rajasthan, has secured a 20-year loan from the US International Development Finance Corp. (DFC).

It will be funded through a 75:25 debt-to-equity financing scheme.

Ayala described the project as a “major milestone” for its joint venture company UPC-AC Energy Solar, moving the latter closer to its target of achieving over 1 gigawatts of solar energy across Asia.

UPC-AC Energy Solar is a 50-50 joint venture between ACEIC through AC Renewables International Pte. Ltd., and UPC Renewables through UPC Solar Asia Pacific.

“We are very thrilled with this financial close during the current challenging environment, where we were able to meet DFC’s high standards for environmental and social compliances,” Pranab Kumar Sarmah, chief executive officer of UPC-AC Energy Solar and co-founder of UPC Solar Asia Pacific, was quoted as saying in the press release.

“The project is poised to enhance renewable power supply in India,” he added.

Patrice R. Clausse, chief operating officer of AC Energy International Holdings Pte. Ltd., said that the company was “well-positioned to establish a meaningful presence in India and contribute to its renewable energy goals.”

“These sustainable developments highlight our commitment to support the country’s aim to source over 60 percent of energy capacity from renewable sources in 10 years,” Mr. Clausse added.

Sitara Solar is expected to go online by the first half of 2021, as construction of the farm began last year. The project aims to supply power to the government-owned Solar Energy Corp. of India Ltd., which is India’s sole central public sector undertaking dedicated to the country’s solar energy sector.

Solar capacity in India stood at less than half or 36.91 GW of the nation’s installed renewables capacity, which stood at 90.39 GW, as of November 2020.

In a separate disclosure on Monday, the Ayala group’s listed energy platform AC Energy Corp. (ACEN) said that it is infusing P350 million worth of redeemable preferred shares to its wholly owned unit ACE Endevor, Inc.

ACE Endevor will use the subscription to fund the pre-development and equity funding requirements of its projects.

Last month, ACEN said that its 400-MW solar farm in New South Wales, Australia, secured funding from three foreign banks for the project’s first stage.

Earlier in February, ACEN President and Chief Executive Officer Eric T. Francia said in a media briefing that the firm was looking at a 2030 portfolio mix where local and foreign projects will have equal sharing. He added that the company expected to exceed its 2025 target of reaching 5 GW of attributable capacity from renewables.

On Monday, shares of ACEN in the local bourse shed 4.65% or 33 centavos to close at P6.77 apiece. Meanwhile, shares of parent firm Ayala Corp. decreased 5.42% or P42 to finish at P733 apiece. — Angelica Y. Yang

Dayaw’s 10th season focuses on culture bearers

THE LIVES and struggles of Filipino culture bearers are the focus of the 10th season of the documentary series Dayaw.

With the 10th season theme “Salinlahi: Legacies for a Changed World,” this time the show will cover the stories of the Gawad sa Manlilikha ng Bayan (GAMABA) awardees, and the students and protégés they are mentoring to continue indigenous Filipino traditions.

A production of ANC and the National Commission for Culture and the Arts (NCCA), the series depicts the challenges faced by the country’s National Living Treasures.

“Our very first season, aired in 2015, talked about the natural elements that shaped traditional life. This 10th season talks about current, very real problems that affect the lives of our indigenous people,” said the show’s host, former senator and current Deputy Speaker and Antique Representative Loren Legarda, in a statement.

“The GAMABA awardees face the same problems all Filipinos face —  poverty, lack of economic prospects, growing old and being gradually displaced. Yet, they continue to create and teach,” she said.

The series was shot prior to the pandemic and explores indigenous traditions across the country.

The first episode follows Alonzo Saclag from Kalinga who is passing on the ways of the baglan as he teaches dances and chants to young Kalinga men and women. The second episode follows Teofilo Garcia of Abra who makes tabungaw hats. The third episode follows Eduardo Mutuc and his sons who are preserving the art of pinukpuk —  crafts made by stamping embellishments on metal sheets.

The later episodes will feature two weavers who have passed away: the late Lang Dulay, the T’boli dreamweaver known for her 100 patterns and designs, and Bai Yabing Masalon Dulo, who mentored young women in South Cotabato. The show will also feature the young crafts people of Escuela Taller, a training center for traditional skills for poor, out-of-school youth.

The six episode series will air on ANC, the ABS-CBN News Channel, and the ANC Facebook page on Thursdays at 8:30 p.m. starting Mar. 18. For updates, visit. www.abs-cbn.com/newsroom.

MPIC eyes investment in Discovery World

INFRASTRUCTURE conglomerate Metro Pacific Investments Corp. (MPIC) is in talks with the owners of Discovery World Corp. for a “potential investment.”

“There are ongoing discussions with the Tiu family for a potential investment in Discovery World Corp. and/or its subsidiaries,” MPIC said in a disclosure to the stock exchange on Monday.

“However, no definitive agreement has been signed to date. We will inform the Exchange and the investing public in the event any disclosable transaction is signed,” it added.

Without mentioning MPIC, Discovery World said in a separate disclosure: “As… the company is proceeding with the development of its various projects, it is open to investor groups who are supportive of such projects.”

Discovery World, a subsidiary of holding company JTKC Equities, Inc., is engaged in the hotel and resort business under the names and styles of Discovery Boracay, Discovery Shores, Platitos Resto-Bar, Sands Lounge, Indigo Resto-Bar, Sunken Pool Bar, Forno Osteria, Estate XI, and 360 Roof Lounge.

“A few parties have expressed interest, however, these are at their early stages of discussion,” Discovery World added, noting that there are no discussions of “any complete control” of the company.

Among its wholly owned companies are Euro-Pacific Resorts, Inc., Discovery Fleet Corp., Cay Islands Corp., Palawan Cove Corp., Sonoran Corp., Long Beach Property Holdings, Inc., Lucky Cloud 9 Resort, Inc., and Balay Holdings, Inc.

MPIC used to invest in the real estate business. It exited in 2014 after it divested from Landco Pacific Corp., the developer of the Peninsula de Punta Fuego, an exclusive seaside residential resort in Nasugbu, Batangas. 

MPIC sold all its holdings in property developer Rockwell Land Corp. to the Lopez group in 2012.

The conglomerate also sold in early 2014 its entire stake in NE Pacific Shopping Center Corp. — owner of a commercial area in Nueva Ecija — to Cosco Capital, Inc.

It sold its interest in Fort Bonifacio Development Corp. in 2001.

MPIC shares closed 5.26% lower at P3.78 apiece on Monday.

MPIC is one of three key Philippine units of First Pacific, the others being Philex Mining Corp. and PLDT Inc. Hastings Holdings, Inc., a unit of PLDT Beneficial Trust Fund subsidiary MediaQuest Holdings, Inc., has a majority stake in BusinessWorld through the Philippine Star Group, which it controls. — Arjay L. Balinbin

Demand from outsourcing firms lifts property sector as POGOs flee

THE property sector has seen increasing interest from the outsourcing sector since the fourth quarter last year, helping cushion the impact of the exodus of Philippine Offshore Gaming Operators (POGOs).

Leechiu Property Consultants (LPC) said the information technology and business process management (IT-BPM) sector led office property demand in the fourth quarter, posting 35,000 square meters (sq.m.) or 38% of demand.

The company said that it received a number of inquiries, as well as requests for site inspections and meetings from the IT-BPM sector, with most negotiations approaching finalization in the next few months.

LPC expected at least 23,000 sq.m. in transactions at least for office space in February, bringing the projected total of 77,000 sq.m. for the first quarter.

“The announcement of forthcoming vaccines has given everyone a fresh boost of hope. We’re seeing faster decision making among IT-BPM firms as they lay out plans for expansion not only in Metro Manila but also in the provinces,” LPC Associate Director Mikko Barranda said.

“We project that many of these negotiations are being finalized now or will be closed in the coming months.”

Locators are interested in spaces in Iloilo, along with renewed interest in Cebu and Pampanga, he said.

POGOs, which accounted for a significant demand in office space in 2019, posted no transactions since the start of the second quarter last year due to new tax regulations and the travel ban declared to contain the coronavirus pandemic. POGOs vacated 330,000 sq.m. of space from then until January this year.

But a Supreme Court decision in January on the tax guidelines may have stopped the POGO exodus.

“POGOs still maintain a significant presence in the Philippines. Perhaps by next quarter, we will know if they will start expanding again and contributing to the recovery of the property market in 2021,” Mr. Barranda said.

Almost half of those vacated spaces, LPC said, are those registered with the Philippine Economic Zone Authority (PEZA), which are “keenly desired by the IT-BPMs.”

“We foresee that those PEZA spaces will be back-filled by BPOs,” Mr. Barranda said. — Jenina P. Ibañez

GMA’s miniseries gets second season

THE DRAMA anthology series I Can See You returns for its second season on GMA. I Can See You, which first premiered in Sept. 2020, uses gadgets and social media to introduce the plot of the story.

The second season of I Can See You premieres with the episode “On My Way to You!” on Mar. 22 on GMA Telebabad. Meanwhile, I Can See You Season 1 is now available on Netflix.

The series returns with “On My Way to You!” as the first episode. Directed by Mark Reyes, “On My Way to You!” follows Raki (played by Shaira Diaz) turning back while walking down the aisle on her wedding day. After the video of her running away goes viral, she takes a vacation to escape the digital noise and meets Jerrick (Ruru Madrid).

During an online press conference with the cast on Mar. 9, director Mark Reyes described the concept of the runaway bride as a “major issue” in Filipino culture as it is expected for the bride to meet the groom at the altar on the wedding day.

In the episode, the guests at the wedding take videos and photos of Raki and these are widely circulated online. “Now that there is social media… everyone in social media will feast on you,” Mr. Reyes said of the character.

Mr. Reyes added that each episode of the anthology series will explore a different genre such as mystery, adventure, and romance.

Joining the cast are Malou de Guzman Arra San Agustin, Gil Cuerva, Ashley Rivera, and Richard Yap. — MAP

Hotel reopens as Davao City relaxes border restrictions

DAVAO CITY — Acacia Hotel Davao of Lucio L. Co.’s CHMI Land, Inc. has reopened after more than half a year of closure, signaling confidence in the soft resumption of the city’s tourism industry.

“Last June 2020, the hotel decided to temporarily close its doors to prioritize the safety of its valued clients, employees and for sustainability purposes,” said Acacia Davao’s Hotel Manager Agot Serrano in an interview via Messenger.

Davao City on March 8 adopted in full the latest National Government policy of eased local border restrictions, which means travel authority, medical certificate, and a negative coronavirus test result are no longer required.

“Now that we have already adapted to the new normal, the management is confident that the hotel can offer its heartfelt service with safety measures in place,” Ms. Serrano said.

To attract guests, the Acacia Hotel, one of the biggest in the city, is offering discounted rates until the end of March.

Luk Foo Palace Chinese restaurant and Waling Waling Cafe and Lobby Lounge are open for both hotel guests and non-staying visitors, but pre-booking is encouraged.

“Social distancing is observed at all times and there is a limit to the number of guests in rooms, function halls and in other areas to avoid mass gatherings. Our team made sure that the directives of the government are followed and hotel operations are adjusted on what is applicable,” she said.

Acacia Hotel Davao, which opened late November 2019, has 259 rooms and amenities include a swimming pool, gym, and function rooms.

The Davao City branches of other local and international hotel chains such as Dusit, Seda, and GoHotels have also been operating with adjustments to health protocols.

Tourism arrivals in the Davao Region dropped by at least 72% last year from over a million in 2019, according to the National Economic and Development Authority’s (NEDA) regional office.

NEDA-Davao Regional Director Maria Lourdes D. Lim, in a briefing in early February, said the tourism industry was the most affected by the coronavirus pandemic.

The region’s tourist receipts in the first three quarters of 2020 stood at P2.9 million, plunging 90% from P30.1 million in the same period the previous year.

Ms. Lim said the Philippine tourism industry as a whole is expected to slowly recover by 2022, with domestic travel as the main booster.

“Domestic travel will be the main priority as fewer people are likely to travel internationally in the near future and this is due to reduced income and travel budget in view of the pandemic’s impact on the economy,” she said. — Maya M. Padillo

Sta. Lucia Land eyes ‘conservative’ expansion in growth areas

Work-from-home arrangements spur residential demand

By Keren Concepcion G. Valmonte

STA. LUCIA Land, Inc. (SLI) plans to expand in what the company calls its “growth areas,” after seeing demand when people started working from home.

“It’s really more for expansion because if you notice those areas, we already have a presence there for the past years and decades, so we’re just expanding where we currently are,” SLI Vice-President for Corporate Planning and Investor Relations Mr. Jeremiah T. Pampolina told BusinessWorld in a phone call on Monday.

According to a disclosure last Friday, the property developer’s board of directors authorized the acquisition of several properties and has also approved plans of entering joint ventures for several projects.

“We’re being conservative. We are not in Metro Manila,” Mr. Pampolina said. “[We’re investing in] growth areas, as we call them. The emerging growth cities, that’s what we’re optimistic about.”

SLI will be acquiring a parcel of land in Davao del Sur with an area of 8,227 square meters (sq.m.) and a 25,000-sq.m. property in Iloilo. The company will also acquire land, which spans nearly 5,000 sq.m. in Batangas.

The company will be entering joint ventures for several of its project developments, including a Rizal property with an area of 5,866 sq.m., a 10,000-sq.m. project in Davao del Sur, a development in Lapu-Lapu City with an area of over 71,000 sq.m., and another property development in Batangas spanning 216,787 sq.m..

Meanwhile, its planned joint ventures with Sta. Lucia Realty & Development, Inc. were already approved by the company’s related party transactions committee. The projects included for the collaboration are a 39,076-sq.m. development in Cavite, another project in Rizal with an area of 526,270 sq.m., and some projects in Batangas with a total of 427,952 sq.m. of land area.

The company said these expansions are due to the demand posted when people moved back home because of the pandemic.

“It’s calculated because of what’s happening. It’s not as aggressive as what we did before, but we noticed that people are now [investing] in space, lots, and that’s our core competence,” Mr. Pampolina explained.

SLI also noted the shift to moving in areas like Cavite and Batangas, which are “not so far anymore.”

“That’s what our strategy would be. A bit conservative, but there’s still an opportunity in those areas,” Mr. Pampolina said.

The company has developments in Rizal, Laguna, Cavite, Batangas, Bulacan, Pampanga, Tarlac, Baguio, Palawan, Bacolod, Iloilo, Cebu, and Davao. SLI previously said it had about 99 ongoing projects with a total of 1,617 hectares of land as of December 2020.

SLI also disclosed that its board of directors authorized the issuance of up to P7-billion corporate notes, which will be used for debt financing.

“[For] the corporate notes, P2 billion of that would be [for] our upcoming series B bond which is due this March. The rest of the P5 billion is for the payment of existing long-term debts,” Mr. Pampolina explained.

In 2015, SLI listed P4-billion fixed-rate bonds series A due 2018 and series B due 2021 at the Philippine Dealing & Exchange Corp., which had a 6.7284% and 6.7150% rate per annum, respectively.

The property developer clarified that it would use “internally generated funds” to finance the expansions.

SLI shares at the stock exchange rose by 0.93% or P0.02 on Monday to close at P2.17.

Yields on Treasury bills climb across the board

BoT treasury
THE GOVERNMENT fully awarded the Treasury bills it offered on Monday even as yields climbed across the board. — BW FILE PHOTO

THE GOVERNMENT made a full award of the Treasury bills (T-bills) it offered on Monday even as rates climbed across the board on lingering concerns over faster inflation.

The Bureau of the Treasury (BTr) raised P20 billion as planned via its auction of T-bills on Monday as total tenders reached P42.43 billion, more than double the amount on offer. The demand was slightly lower than the P44 billion seen during last week’s offering.

Broken down, the BTr borrowed the programmed P5 billion in 91-day debt as bids hit P13.458 billion. The three month papers fetched an average rate of 1.232%, up by 9.3 basis points (bps) from the 1.139% seen last week.

It also raised P5 billion as planned via the 182-day T-bills from P8.632 billion in tenders. The average yield of the six-month papers likewise spiked by 21.1 bps to 1.527% from 1.316% previously.

Lastly, the government made a full P10-billion award of the 364-day securities, with demand reaching P20.34 billion. The one-year papers were quoted at an average rate of 1.99%, up 13.8 bps from the 1.852% seen in the previous auction.

National Treasurer Rosalia V. de Leon attributed the higher T-bill rates to the market’s reaction to news of high inflation that is expected to peak in the second quarter.

A bond trader shared the same view, saying the “gloomy inflation outlook” is also a concern for other economies amid the ongoing global crisis.

“This brings to spotlight those economies that have negative real rates (interest rate less inflation),” the trader said.

The Philippine Statistics Authority (PSA) earlier reported that headline inflation hit 4.7% last month, picking up from 4.2% in January and the 2.6% print in February 2020.

The February rate brought the two-month average to 4.5%, already above the central bank’s 2-4% annual target.

The Bangko Sentral ng Pilipinas (BSP) has said inflation will likely only begin slowing down in the second half of the year. BSP Governor Benjamin E. Diokno has also signaled that the central bank will likely keep its monetary policy loose in the meantime to help the economy rebound faster.

“Domestic rates also trended up as US Treasuries adjusted upwards with good prospects of strong rebound with a stimulus package. Supply side constraints also push rates as we also see oil prices increasing,” Ms. De Leon said in her Viber message to reporters after the auction.

US President Joseph R. Biden, Jr. last week signed a new $1.9-trillion stimulus package that aims to fast-track the recovery of the world’s largest economy.

The yield on the benchmark 10-year US Treasuries inched down by 0.5 bp to 1.637% on Monday from 1.642% on Friday. Week on week, the tenor rose by 4.7 bps from 1.59% on March 8.

The BTr wants to raise P160 billion from the local bond market this month, broken down into P100 billion in T-bills to be offered weekly and P60 billion via fortnightly auctions of Treasury bonds.

The government is looking to borrow P3 trillion this year from local and foreign lenders to help fund its budget deficit that is seen to hit 8.9% of gross domestic product. — Beatrice M. Laforga

Robert Downey, Jr., Rudy Giuliani receive Razzie worst film nods

LOS ANGELES —  Hollywood superstar Robert Downey, Jr. and former New York Mayor Rudy Giuliani landed on the list of nominees on Friday for Razzie Awards, an annual shaming of what voters consider the year’s worst films and performances.

Mr. Downey, Jr. was in the running for worst actor for playing the title role in Dolittle, a movie remake about a doctor who can talk to animals.

Dolittle, released by Comcast Corp.’s Universal Pictures, tied for the most Razzie nominations with six overall including worst picture. It will compete with Netflix’s Polish erotic drama 365 Days which also received six Razzie nods.

Others contending for worst film included Music, directed by musician Sia about a young girl with autism, and a movie remake of TV show Fantasy Island.

Mike Lindell, chief executive of widely advertised company MyPillow and a vocal supporter of former President Donald Trump, was nominated for Absolute Proof, a film featuring baseless claims of fraud in the 2020 US presidential election. It also is competing for worst picture.

Mr. Giuliani made the Razzies list for his brief appearance in Sacha Baron Cohen’s mockumentary Borat Subsequent Moviefilm. The former mayor was filmed in a hotel room with an actress pretending to be a reporter. Mr. Giuliani has said nothing inappropriate happened.

The tongue-in-cheek Razzies, created in 1980, serve as an antidote to Hollywood’s glitzy Academy Awards ceremony. Winners of the Razzies will be announced on Apr. 24, the night before this year’s Oscars.

Razzie nominees and winners are voted for online by members from more than two dozen countries, who sign up online and pay a $40 membership fee.

This year, the Razzies announced a special pandemic-related award for 2020 as “The Worst Calendar Year EVER!” —  Reuters

Ayala Land offers commercial lots within South Coast City

AYALA LAND, Inc. (ALI) is developing a waterside commercial area called District Square in Cebu City.

District Square is located within the 26-hectare South Coast City, a project of SM Prime Holdings, ALI and Cebu Holdings, Inc.

The company is offering commercial lots, ranging from 1,777 to 2,601 square meters, which will be ideal for offices, hotels, and other businesses.

“Our aim is to build sustainable developments that contribute significantly to the local economy and provide a safe and healthy quality of life. District Square is a unique opportunity to build or invest, given the combined investment plans of both ALI and SM in South Coast City, the infrastructure program in the area, and the progressive Cebu market where master planned estates are hard to come by. We would like to invite partner locators to share in this vision and be part of seeing this through,” said Anna Ma. Margarita “Meean” B. Dy, senior vice-president and head of Ayala Land Estates Group.

South Coast City will have waterside views of Cebu Strait. There will be a pedestrian road network to link the main areas of the development. A 1.1-hectare civic park is also being developed, along with retail and entertainment concepts anchored by an Arena and Convention Center.

South Coast City broke ground in 2020.

1...8,3618,3628,363...14,244Page 8,362 of 14,244
ADVERTISEMENT
ADVERTISEMENT
© 2024 BusinessWorld Publishing.
All rights reserved.
Read our privacy guidelines
Facebook Instagram Linkedin X Youtube