#Gotianun

[carlocarrasco]

Filinvest Hospitality Corp. makes big bet on Philippine tourism

Filinvest Hospitality Corp. (FHC) announced that it is betting big on Philippine tourism with its newest move to add a few thousand more new rooms over the next five years to accommodate tourists, according to a BusinessWorld news report. To put things in perspective, posted below is an excerpt from the BusinessWorld news report. Some parts in boldface… GOTIANUN-LED Filinvest Hospitality Corp.…

[cuteenglishquotes]

Be fair in all your dealings, may it be in your family or in your business. At the end of it all, what matters is not how much money you make but how honest you are. Andrew Gotianun

[arun-pratap-singh]

Filinvest REIT retires P6B in bonds

Filinvest REIT retires P6B in bonds

Gotianun-led Filinvest REIT Corp. said it had retired P6 billion in long-term retail bonds that were issued by its forerunner corporate entity, Cyberzone Properties Inc. The 5.05- percent peso-denominated bonds, which were issued in 2017, fell due on Jan. 7 this year. “The bonds were paid in full the following business day, Jan 9, 2023,” said the company. Filinvest REIT, a real estate investment…

[pagzsix]

In current information, Mercedes Gotianun, Filinvest co-founder has handed away. Based on reviews, she took her final breath on Sunday, December 11, 2022. On the time of her passing, Mercedes was surrounded by her family members and well-wishers. It's little doubt to say that her sudden passing has shattered many hearts. Taking to social media, netizens are expressing their disappointment and lengthening heartfelt condolences to her household and shut ones. Right here, on this article, allow us to test what occurred to her and the way did she die together with discovering out about her private life. Releasing a press release on Monday, December 12, Filinvest stated the matriarch was surrounded by her family members. They added that she died on Sunday and left all her family members in profound grief and disappointment. Following the announcement of the information, individuals are coming ahead and mourning her dying. As per sources, Mercedes, or Chita, was the spouse of the late Andrew Gotanum Sr. He died in 2016 and was the founding father of Filinvest Growth Company. The couple began a enterprise that centered on small-scale financing and secondhand vehicles again in 1955. Mercedes Gotianun Wiki Biography Based on Forbes, the estimated internet value of the Gotianum household is roughly $1.09 billion. Speaking in regards to the duo, the corporate stated that Andrew and Chita’s harmonious synergy created a fruitful conglomerate now often called Filinvest Growth Company. With their exhausting work and fervour, the corporate occurs to be among the many nation’s main conglomerates with curiosity in Filinvest Land and Filinvest Alabang for land improvement, EastWest Financial institution for common banking, and Davao and North Cotabato Sugar Central. Including additional, the corporate stated that accommodations below the Crimson and Quest manufacturers and energy technology below Filinvest Utilities and infrastructure within the Clark Worldwide Airport, amongst different new ventures. Talking of Chita, she was the primary girl president of a Philippine common financial institution. She was additionally the co-founder of Household Financial institution and Belief Co. within the 70s and 80s. The girl even led the financial institution which was later became BPI Household Financial savings Financial institution and ultimately merged with the Financial institution of the Philippine Islands. From the Faculty of the Holy Spirit, Chita was a valedictorian in each elementary and highschool. It's coming ahead that she is survived by her siblings, Eduardo, Zenaida, Domingo, and Blesilda together with different relations. Her dying has turn into a reason behind disappointment amongst many. Social Telecast comes ahead and pays her heartfelt tributes.

[caloyolano]

Cebu’s Homegrown Developer Filinvest Land ready to welcome new residents at Amalfi

Cebu’s Homegrown Developer Filinvest Land ready to welcome new residents at Amalfi

Filinvest Land founded by the Gotianun family hailing from Cebu is strengthening its foothold in theprovince. One of its landmark projects in Cebu is Amalfi at City di Mare, a mid-rise development underthe Prestige by Filinvest brand as part of a joint venture development with the City Government ofCebu. This idyllic community is ready to welcome more residents who wish to live in a…

[travelinghobby]

Filinvest REIT To Proceed With IPO As Del Monte Philippines Defers Maiden Share Sale Again

Filinvest REIT To Proceed With IPO As Del Monte Philippines Defers Maiden Share Sale Again

Office landlord Filinvest REIT Corp.—controlled by the family of billionaire Mercedes Gotianun—is proceeding with its initial public offering even as food manufacturing giant Del Monte Philippines pulled its IPO due to volatile market conditions. Banking on the booming demand for office space from the business process outsourcing industry, Filinvest REIT will proceed to list on the Philippine…

[trendingph]

Filinvest-backed REIT firm clears SEC hurdle for P14.9-B IPO Ian Nicolas Cigaral (Philstar.com) - July 6, 2021 - 4:07pm MANILA, Philippines — Gotianun-led Filinvest Land Inc. has secured a regulatory clearan... https://trendingph.net/filinvest-backed-reit-firm-clears-sec-hurdle-for-p14-9-b-ipo/?feed_id=281236&_unique_id=60e41af5252d2 #clears #filinvestbacked #firm #hurdle #ipo #p149b #philippinenews #philippinesnews #reit #sec #trendingph

[carlocarrasco]

Filinvest Malls and COMELEC sign MOA enhancing voter accessibility, Festival Mall to have official registration site

Recently in the progressive City of Muntinlupa, a memorandum of agreement (MOA) was signed by officials of the Commission on Elections (COMELEC) and Filinvest Malls inside Festival Mall in Filinvest City which should enhance voter accessibility through the local implementation of the Register Anywhere Program (RAP), according to a social media post by Festival Mall dated February 7, 2024. To put…

[phgq]

Filinvest Land to establish REIT company

#PHnews: Filinvest Land to establish REIT company

MANILA – Filinvest Land, Inc.’s (FLI) board of directors has approved the transition of its wholly-owned subsidiary, Cyberzone Properties, Inc. (CPI), into a Real Estate Investment Trust (REIT) company.

 “We are looking forward to listing CPI as a REIT company because we believe that this will unlock the value of our office leasing business. Filinvest has a growing portfolio of recurring income projects and significant prime office properties in Alabang, Cebu, and Clark to continue to grow this business. A REIT listing will enable acceleration of the growth of this business line,” FLI president and chief executive officer Josephine Gotianun-Yap said in a statement Thursday.

 The CPI is intended to be listed on the Philippine Stock Exchange in compliance with the minimum public ownership requirements under Philippine securities regulations and the Real Estate Investment Trust Act of 2009 and its implementing rules and regulations, and under the terms and conditions as FLI’s board of directors may approve. 

 A certain number of operating office buildings, including buildings leased out to traditional and multinational business process outsourcing (BPO) companies, will comprise the property portfolio of the REIT company. 

 These office buildings are located in Northgate Cyberzone in Filinvest City, Alabang and Filinvest Cyberzone Cebu in Cebu City. 

 The Northgate Cyberzone in Filinvest City is an 18.7-hectare business park that is registered with the Philippine Economic Zone Authority and was designed to cater to BPO companies. 

 It is home to the Philippines’ largest district cooling system that helps reduce energy consumption, provides greater efficiency, lowers the initial capital investment, reduces carbon dioxide emissions, and enhances real estate value by freeing up building space for other uses.

 Filinvest’s BPO buildings have continued to be fully operational during the pandemic and CPI’s office rental revenues increased by 16 percent year on year in the first nine months of 2020 to PHP2.46 billion.

 One of the pioneer providers of office space to the BPO industry in the country, Filinvest has 43 operating and under construction office buildings covering more than 824,000 square meters of gross leasable area. (PR) 

  ***

References:

* Philippine News Agency. "Filinvest Land to establish REIT company." Philippine News Agency. https://www.pna.gov.ph/articles/1128071 (accessed January 21, 2021 at 08:51PM UTC+14).

* Philippine News Agency. "Filinvest Land to establish REIT company." Archive Today. https://archive.ph/?run=1&url=https://www.pna.gov.ph/articles/1128071 (archived).

[pagzsix]

In present data, Mercedes Gotianun, Filinvest co-founder has handed away. In accordance with experiences, she took her last breath on Sunday, December 11, 2022. On the time of her passing, Mercedes was surrounded by her members of the family and well-wishers. It’s little query to say that her sudden passing has shattered many hearts. Taking to social […] The put up Mercedes Gotianun Reason for Dying? How Did Filinvest Co-Founder Die? Dies at 94 first appeared on Social Telecast. Publish navigation

[caloyolano]

Filinvest Land and Cebu Province commemorate partnership

Filinvest Land and Cebu Province commemorate partnership

Filinvest Land unveiled a new marker to commemorate its fruitful partnership with the Province of Cebu for the prime office development of Filinvest Cyberzone Cebu in Lahug. Province of Cebu Governor Gwen Garcia joined Filinvest Land President and CEO Josephine Gotianun Yap, Chief Strategy Officer Tristan Las Marias, and Filinvest REIT President Maricel Brion Lirio for the unveiling…

[bam-amor]

Government, Private Sector and Civil Societies Present Fresh Strategies vs COVID-19

Government, Private Sector and Civil Societies Present Fresh Strategies vs COVID-19

Industries have to be agile if they are to find a balance between public health and safety and the revitalization of the economy. How to prioritize both lives and livelihood, especially in the light of the new MECQ, was tackled by leaders from the health, business, and academic sectors in the virtual business forum, “Can the Philippines Dance with COVID-19?”.

(more…)

[trendingph]

‘Filinvest REIT yield to hover around 5%’ Filinvest Land Inc. (FLI) on Tuesday said the dividend yield of its real estate investment trust (REIT) issuance will hover around 5 percent, which is on a par with that of its peers. Josephine Gotianun-Yap, president of Filinvest Land, said... https://trendingph.net/filinvest-reit-yield-to-hover-around-5/?feed_id=261956&_unique_id=60cf5ab1d0aca

[usnewsrank]

Filinvest raises 200 million dollars thanks to a foreign bond issue – INQUIRER.net

Filinvest raises 200 million dollars thanks to a foreign bond issue – INQUIRER.net

Filinvest Development Corp. (FDC), a conglomerate led by Gotianun, returned to the offshore bond market after seven years, raising $ 200 million through the issuance of new IOUs at the group’s lowest overseas coupon rate ever . The five-year senior unsecured fixed rate notes have been priced at an annual return of 4.125 percent, which […]

The post Filinvest raises 200 million dollars thanks to a…

[phgq]

LIPAD takeover of Clark Airport, favorable to gov't: BCDA

#PHnews: LIPAD takeover of Clark Airport, favorable to gov't: BCDA

MANILA – The Bases Conversion and Development Authority (BCDA) on Thursday defended the recent takeover of the operations and maintenance (O&M) of the Clark International Airport (CRK) by a private concessionaire as “favorable” to the government.

In a statement, the BCDA said its concession agreement with the Luzon International Premier Airport Development (LIPAD), the new O&M provider of the existing and new passenger terminals of the CRK, includes an 18.25-percent revenue share and a PHP500-million yearly lumpsum payment for 20 years to the BCDA as the government’s implementing agency.

On the termination/transfer date of the concession agreement, it said the commercial assets developed by LIPAD will also be transferred to the BCDA.

“Thus, the terms and conditions of the O&M are favorable to the government, especially now that the country is dealing with the impact of the coronavirus disease 2019 (Covid-19) on the economy,” the BCDA said.

This, after former BCDA director Max Sangil, in a column on Sunstar Pampanga earlier this week, questioned the takeover by Gotianun-led consortium LIPAD after the CRK achieved financial viability.

The BCDA said it was “natural” to bid out the O&M of the CRK when it was viable to attract more bidders and thus, “result in higher bids.”

“The project was approved by the National Economic and Development Authority (NEDA), and the concession agreement is aboveboard,” the BCDA said.

Oversight of CRK, in the hands of DOTr 

In response to Sangil’s claim that the oversight function of the Clark International Airport Corporation (CIAC) was removed by the concession agreement, it said the Department of Transportation (DOTr) and its attached agencies remain responsible to provide oversight for the CRK.

“Let it be clear that the safety, security, and oversight functions shall not be waived by the government. Safety will be handled by CAAP (Civil Aviation Authority of the Philippines), while security will be handled by OTS (Office for Transportation Security),” the BCDA said. (PNA) 

   ***

References:

* Philippine News Agency. "LIPAD takeover of Clark Airport, favorable to gov't: BCDA." Philippine News Agency. https://www.pna.gov.ph/articles/1112208 (accessed August 14, 2020 at 03:17AM UTC+14).

* Philippine News Agency. "LIPAD takeover of Clark Airport, favorable to gov't: BCDA." Archive Today. https://archive.ph/?run=1&url=https://www.pna.gov.ph/articles/1112208 (archived).

[slvrdlphn]

Filinvest City’s green urban planning — where Philippine CBD should be heading

Filinvest City’s green urban planning — where Philippine CBD should be heading

In the early 1990s, Andrew Gotianun Sr. saw there could be more to a grazing ground for livestock in Alabang.  His company, Filinvest, won the bid over the 244-hectare Alabang stock farm and transformed it into his vision of a complete environment conducive to meeting the demands of global businesses and enriching the lives of those working and residing in the city. With that vision, the…