Andrew Tan’s Alliance Global Hotel to become PH’s biggest developer by 2020

Andrew Tan’s Alliance Global Hotel

Andrew Tan-led conglomerate, Alliance Global Group, Inc. (AGI), bares plans to aggressively expand its hotel business in the Philippines in the next six years.

Speaking at the Philippines Property Awards 2014 in Makati City, Alliance Global Group chair Dr. Andrew L. Tan revealed that the group will have a total of 12,000 hotel rooms in its portfolio all over the country by 2020.

“By the year 2020, we envision our group to be the largest hotel developer in the Philippines, with a total portfolio of around 12,000 hotel rooms. These hotel rooms will be offered under 12 different local and global hotel brands. The global brands include Marriott, Hilton, Sheraton, Westin, Okura and Maxims,” Tan said.

Currently, the group has built 1,900 rooms in its existing hotels namely: Richmonde Hotel Ortigas; Eastwood Richmonde Hotel; Marriott Hotel, Maxims Hotel and Remington Hotel in Newport City; and Fairways and Bluewater in Boracay Newcoast.

The group is rolling out aggressive expansion plans to build more than 10,000 new hotel rooms in all of its developments in the next six years. All of these new hotels will be built in Megaworld townships across the country.

These include 2,000 rooms in Newport City; 2,800 rooms in Resorts World Bayshore City; 1,900 rooms in Boracay Newcoast; 2,700 rooms in The Mactan Newtown in Cebu; around 400 rooms in Iloilo Business Park; and more than 180 rooms in Twin Lakes, Tagaytay as well as in other parts of Metro Manila.

By 2020, the Megaworld group will complete around 8,600 rooms while Travellers International Hotel Group, Inc. will complete 3,400 rooms.

“Once completed, our 12,000 hotel rooms can accommodate up to an estimated 2-million visitors per year. It is one way we can help the government achieve its yearly tourist targets,” Tan added.

Andrew Tan’s Alliance Global Hotel

Currently, AGI holds interests in property development through Megaworld; integrated tourism development through Global-Estate Resorts, Inc.; Travellers International Hotel Group, Inc., which owns Resorts World Manila; food and beverage manufacturing and distribution through Emperador, Inc., which owns Emperador Distillers, Inc., the leading brandy manufacturer and distributor in the Philippines; and Golden Arches Development Corporation, which operates and franchises quick service restaurants under the McDonald’s brand.

Israel is More than A Start-Up Nation but also A Brain Nation


Israel is notably known as one of the global leaders in technology and innovation. But the country is also recognized as a vanguard when it comes to brain research. As Israeli President Shimon Peres expressed his vision…Israel is not only as the Startup Nation, but also as the Brain Nation”.

Israel has a well-developed infrastructure and a unique culture of nurturing innovation which certainly makes the country a brain nation. It heavily capitalizes on technology and science as a primary vehicle for economic growth. In fact, Israel invests between 4% and 5% of its GDP on R&D every year, which happens to be the highest rate in the world.

An example of this strong initiative is Brainsway™- an Israeli company specializing in advanced technology solutions for the treatment of a variety of brain disorders. Its flagship technology, Deep Transcranial Magnetic Stimulation (DTMS) is a noninvasive treatment for depression, schizophrenia, and other neurological disorders. This distinctive technology targets magnetic field effecting deeper tissues in the brain cortex.

Brainsway™ DTMS has already been applied in thousands of cases globally including the United States and Europe.

The technology now makes way to the Philippines. Brainsway Philippines is holding the “Brainsway Lecture and Hands-On Demo: Dtms – The New Paradigm for Brain Disorder Treatment” on August 12 and 13, 2014 which will feature Mr. Shmuel Adler, Brainway’s Vice President for Business Development & Reimbursement.

Filipino Psychiatry and Neurology doctors are encouraged to attend the conference in order to take a glimpse on how Israel is well-positioned to assume a leadership role in the emerging neurotechnology industry.

Megaworld 1H 2014 profits rise 289% to Php 16.4 billion

Megaworld 1H 2014 profits
Megaworld, the Philippines’ leading property developer and the no. 1 office developer and landlord, posted a net income of P16.44-billion (inclusive of the P11.62-billion non-recurring gain from the acquisition and sale of subsidiary and associate) for the first half of 2014, 289-percent higher than the P4.23-billion for the same period in 2013 due to strong residential sales in its various townships, particularly in Newport City, Uptown Bonifacio, McKinley Hill and Eastwood City; and higher leasing income from its office and retail portfolio.

“I am confident that Megaworld can sustain its core growth momentum as we continuously expand all business segments in our townships across the country,” says Dr. Andrew L. Tan, chairman and CEO, Megaworld.

On the other hand, Megaworld’s rental income from office developments and lifestyle malls surged to a record P3.44 billion in first half 2014, 22 percent higher than P2.83 billion same period in 2013.

Total revenues of Megaworld, together with its subsidiaries Global Estate Resorts Inc., Empire East Land Holdings and Suntrust Properties, amounted to P31.96 billion for the first half 2014, up 85 percent from P17.28 billion for the same period in 2013.

Megaworld, and its subsidiaries, posted P47 billion in reservation sales in the first half 2014 which is 9 percent higher compared to same period last year.

In June, Megaworld has completed the consolidation of Tan’s real estate companies under Megaworld with the acquisition of 49.2% stake of Alliance Global Group, Inc. in Global-Estate Resorts, Inc. (GERI). The acquisition brings Megaworld’s majority stake in GERI to 80.4% and increases the property giant’s total land bank to around 4,000 hectares.

Megaworld group has launch a total of 16 residential projects during the first half of 2014. Megaworld has launched 6 projects namely; Salcedo Skysuites in Makati CBD, The Venice Luxury Residences – Fiorenzo Tower, The Florence Tower 2 and Viceroy East Tower in Mckinley Hill, Taguig, Lafayette Park Square in Iloilo and Mactan Belmont Luxury Hotel in Mactan, Cebu. Empire East has launched 4 projects namely; Mango Tree Residences East and West Tower in San Juan, Kasara Urban Residences Tower 5 in Pasig, and Pioneer Woodlands Park 2 in Mandaluyong. Suntrust has launched 5 projects namely; Suntrust Ascentia and Suntrust Solana in Manila, Suntrust Amadea in Quezon City, 88 Gibraltar in Baguio City and Siena Hills in LIpa, Batangas. GERI has launched Pahara Residential Village at Southwoods City.

Megaworld is also set to further solidify its position as the leader in office developments in terms of total office space inventory by completing another 112,000 square meters of office spaces this year. By the end of 2014, the company will have around 712,000 square meters of office spaces in its portfolio with the completion of new state-of-the-art office towers in Uptown Bonifacio, The Mactan Newtown in Cebu, and Iloilo Business Park.

On the retail side, Megaworld is also set to complete additional commercial and retail spaces with the completion of the Venice Grand Canal Mall in McKinley Hill, and some commercial strips at The Mactan Newtown. Megaworld’s existing commercial and retail space portfolio is currently at 304,083 square meters.

Megaworld has pioneered the “LIVE-WORK-PLAY-LEARN” lifestyle concept for mixed-use communities in the Philippines, which are popularly known as “townships.”

To date, the company has 10 townships all throughout the country covering around 300 hectares of land. This includes the 17-hectare Eastwood City, which is considered to be the country’s first cyberpark; the 50-hectare McKinley Hill in Fort Bonifacio; the 25-hectare Newport City in Pasay City; the 5-hectare Forbes Town Center in Bonifacio Global City; the 28.8-hectare The Mactan Newtown in Lapu-Lapu City, Cebu; the 15.4-hectare Uptown Bonifacio in Bonifacio Global City; the 34.5-hectare McKinley West in Fort Bonifacio; the 12.3-hectare Woodside City in Pasig City; the 11-hectare Davao Park District in Davao City; and the 72-hectare Iloilo Business Park in Iloilo City.

Over the past 25 years, the Megaworld Group has emerged as the country’s No. 1 real estate organization. It has completed more than 320 residential and office buildings with a total area of around 5.6 million square meters. Currently, about 185 residential, office and hotel buildings with a total area of around 5.4 million square meters are under development.

Emperador expands vineyard in Spain for brandy production

Emperador expands vineyard in Spain

GrupoEmperador Spain S.A., a wholly owned subsidiary of Emperador, Inc., has signed an agreement to acquire 230 hectares of vineyard land in Toledo. The land is adjacent to the Vinedos del Rio Tajo operated by Bodegas Las Copas, a 50 percent joint venture company between Emperador and González Byass. The company intends to expand Vinedos del Rio Tajo, a vineyard beside River Tajo, the longest river in Iberian Peninsula.

Jorge B. Domecq, managing director of Emperador Spain said, “Our beautiful vineyard in the valley of River Tajo is the largest vineyard in Spain that specializes in wine grapes for brandy distillation. The way this vineyard is built harmonizes with environmental sustainability. By using state-of-the-art technology in vineyard operation and management, we hope to achieve a yield capacity of 30,000 kilos per hectare against an average yield of around 6,500 kilos by the vineyard industry in Spain. This means that in every hectare of this vineyard land, we will be able to harvest five times more wine grapes. This will very well support the raw material requirements for our brandy production.”

Emperador expands vineyard in Spain

Domecq added, “With this total integration in our brandy production, we are in the best position to continue making Emperadoras the number one brandy in the world. That gives us the capacity to expand our global market. With Emperador Spain continuously looking out to acquire more vineyard land in Spain, we expect that our total vineyard property will reach close to 2,000 hectares by 2016.”

Megaworld, WWF-Philippinesplant 5,000 mangrove trees in Mactan

As part of its commitment in developing sustainable townships, Megaworld, the country’s leading real estate developer, and the World Wide Fund for Nature-Philippines (WWF-Philippines), lead an environmental initiative dubbed “Building Visions for a Better World: Saving the Mangroves in Mactan,” where around 150 volunteers mostly Megaworld employees, BPO partners, local media and bloggers as well as local residents planted 5,000 nursed mangrove seedlings at the coastal area of Brgy. Kalawisan, Lapu-Lapu City.This is part of the property giant’s effort to support the local government’s drive to save the mangrove forests around Mactan Island under the leadership of Mayor Paz Radaza.

Photo shows (L-R) Hon. Eduardo Bensi, barangay captain, Brgy. Kalawisan, Lapu-Lapu City; Engr. Roderico Taga-an, head, City Environment and Natural Resources Office (CENRO);Hon. Marcial Ycong, vice mayor, Lapu-Lapu City; Lourdes Gutierrez-Alfonso, chief operating officer, Megaworld; Jamie Herrel, Miss Philippines-Earth 2014; Atty. Guia Ibay, head of climate change and energy program, WWF-Philippines; Donna Racho, vice president for sales and marketing, Megaworld; Jericho Go, senior vice president, Megaworld; and Harold Geronimo, head of public relations and communications, Megaworld.

Cebu ICT/BPM Industry Focuses On New Wave of BPM Players For This Years’S Conference and Expo

Industry stakeholders, technopreneurs and businessmen are invited to join the 2014 Cebu Information and Communication Technology/Business Process Management (ICT/BPM) Conference and Expo on June 2 to 3, 2014 at Marco Polo Plaza Hotel.

The two-day event will gather top executives of the ICT and BPM industry, ICT leaders, support groups and stakeholders from the government, academe, ICT Councils, and other institutions.

This year’s conference will address issues and trends in the ICT and BPM industry and present opportunities and data from established and emerging ICT & BPM hubs. Challenges that may arise from the ASEAN Integration in 2015 and its possible impact on the ICT/BPM Industry will also be discussed.

Along with the conference is an exposition, which serves as a venue for suppliers and service providers, to showcase their products, services and its support ecosystem, making the event more exciting and worth attending.

Registration includes meals at the plenary session, entry to the Expo Hall, Conference Kit, and a chance to win in the raffles.

On the first day, DTI Undersecretary Hon. Nora Terrado will give her Keynote Address.  Other speakers of note include Franco Eisma of Amazon Web Services who will tackle “The Future Apps Economy of ASEAN”; ABS-CBN Chief Digital Officer Dr. Donald Lim who will speak about “Using Social Media for Business Decisions”; DOST Regional Director- Reg. IVA Smarter Philippines Program Lead Dr. Alexander Madrigal who will talk on “Smarter Philippines Report”, IBPAP President and CEO Jomari Mercado who will do the IBPAP Report; and Manulife Business Processing Services VP & General Manager Gigi Mantaring will present the HIIM-BPM: High Growth Sector.

The second day will recap the activities of Day 1 with a discussion on “Re-defining management of data growth and compliance”, “The Global Startup Report”, “The ASEAN Startup Scene”, “Shared Services Success with Lexmark”, and many more.

Cebu ICT/BPM Conference and Expo is one of the major events in line with the CBM 2014 Activities organized by the CCCI.


2014 Grand Chamber Awards Call For Nomination

The Cebu Chamber of Commerce & Industry is now accepting nominations for this year’s Grand Chamber Awards Night to be held on June 28, 2014, Saturday, 6:30 PM at Waterfront Hotel & Casino, Cebu City.

The Grand Chamber Awards is the culmination of the Cebu Business Month celebration. It recognizes and honors outstanding Cebuano entrepreneurs who have demonstrated exemplary performance in the fields of business, manufacturing, innovation and technology.

Awards will be given to the Entrepreneur of the Year, Small Business Entrepreneur, Countryside Entrepreneur, Young Entrepreneur and CSR Institution.

Aspiring nominees must be an owner/manager of a publicly-listed or private company who is primarily responsible for the past and recent performance of the company. He or she must be an active member of top management for a company that has been in operation for at least five years.

Anyone who is associated with a successful entrepreneur can nominate a candidate. Nevertheless, self-nominations are encouraged.

The Board of Judges for this year’s Grand Chamber Awards is composed of DTI Regional Director Asteria Caberte as the Chairman, CCCI Past President Dr. Edward Gaisano as the Vice Chairman and members of the board include Past Presidents’ Francis Monera, Jose Ng, Geronimo Sta. Ana, Consul Samuel Chioson, Atty. Raul Del Mar, Atty. Anastacio Muntuerto, Jr. and Dept. of Tourism Regional Director Rowena Montecillo.

UC Hosts Cebu Start Up Weekend On June 6 to 8 2014

Cebu Startup Weekend

Startup Weekend Cebu 3 panel of judges – Calen Martin Legaspi, Melanie Ng, Bunny Pages, Jean Patrick Bisson, & Rhett Jones.

The University of Cebu (UC) – Banilad Campus will play host to the fourth leg of Startup Weekend Cebu (SWC) Cebu Start Up Weekend slated on June 6, 7 and 8, 2014 at 6:30PM to 10:00PM.

Everyone who are willing to build up businesses, aspiring marketers and passionate entrepreneurs whether with technical or non-technical background, from students to professionals to retired persons who have a passion to build a business or desire to learn how, or anyone who are established business persons looking for technology partners are encouraged to be part of the community of startup enthusiasts, who gather together to share ideas, form teams, build products, and launch start-ups.

Cebu Startup Weekend

1st place winner of SWC3 – Edroll

The 54-hour event starts with an “open mic” pitching of business ideas on Friday night, wherein attendees are urged to bring out their ideas and inspire others who are present to join or make their team.  Each team should focus on customer development, validating their ideas, practicing LEAN Startup Methodologies and building a minimal viable product over Saturday and Sunday. Afterwards, on Sunday evening, teams turn their ideas into prototypes, and demo it for presentation to receive valuable feedback from a panel of experts.

Cebu Startup Weekend

3rd place winner of SWC3 – At Your Service Bai.

Last year’s SWC3 winners included 1st place winner Edroll, 2nd place winner BloodMatch and 3rd place winner At Your Service Bai.

Cebu Startup Weekend

A team with coaches Wilson Ng of NG Khai Development Corp., and Fleire Mae Castro of Third Team Media during SWC3.

Organizers of SWC anticipate a more productive and exciting field for the participants joining the three-day event. Organized by high-profiled volunteers from, a SEC-registered non-profit of business, which provides opportunities for training and connection with the right resources to help the Philippine grassroots community become more globally competitive.

Technology fires up businesses. Technology makes businesses grow faster globally. This strengthens our position as we approach ASEAN Integration. We are excited with our partnership with Cebu Chamber of Commerce and Industry (CCCI) for Cebu Business Month,” said founder Tina Amper.

She is also the global organizer of World Startup Report, a social project to connect and document startup communities worldwide. Rica Ruth Serenio is this year’s SWC lead organizer, who is the Co-founder of Offshore Consultancy and Business Services and a senior member of, and an Alumni and Winner of Startup Weekend Cebu 3.

Cebu Startup Weekend

2nd place winner of SWC3 – BloodMatch

This year’s SWC will not only help the participants in promoting tech entrepreneurship but also will teach them to be successful entrepreneurs towards global competitiveness. Everyone is guaranteed to leave the event already equipped with an effective foundation to launch profitable ventures in the world of start-ups.

Cebu Start Up Weekend

To join SWC, all you need is to register online at Registration includes 7 free meals, coaching by more than 7 mentors who are leaders, tech innovators, start-ups and business, and $100 AWS credit to allow members to start hosting their websites on “Amazon Web Services Cloud”.

SWC is one of the highlights of this year’s Cebu Business Month (CBM) of the Cebu Chamber of Commerce and Industry (CCCI).





CCCI Grand Opening Of Cebu Business Month 2014 at Ayala Terraces Cebu

Cebu Business Month 2014

Organizers of Cebu Business Month 2014 have set the Grand Opening Salvo of this year’s Cebu Business Month this Friday, May 30, 2014 at 4:00PM at The Terraces in Ayala Center Cebu.

Cebu Business Month features a month-long series of events geared towards inspiring more successes in the Cebu Business Community.  CBM is organized and held annually by the Cebu Chamber of Commerce and Industry (CCCI).

In the opening festivity, highlights of the CBM 2014 activities will then be introduced together with the official declaration of CBM 2014’s grand opening.  After which, a fantastic fireworks display will be held followed by a concert by the Zee Band and Rave Party.

CBM 2014 carries the theme “ASEAN 2015 and Beyond” and offers “Big and Bold” highlighted activities that will spark to the growth of Cebu’s businesses towards global competitiveness.  These activities focus on CCCI’s major thrusts, which include ICT & Business Process Management (BPM), Tourism and Investment Promotion, Entrepreneurship and Creative Industries and Advocacy.

Cebu Business Month 2014

CBM 2014 activities will start on June 2-3 for Cebu ICT and BPM Conference and Expo at 8:00AM to 5:00PM at Marco Polo Plaza Hotel; Start-up Weekend on June 6-8 at 6:30PM to 10:00PM at University of Cebu-Banilad Campus; An Entrepreneurship Seminar about Building a National Brand and Going Nationwide on June 10 at 9:00AM to 5:00PM at Cebu City Marriott Hotel; June 12 to 14 for Franchising Negosyo Para sa Cebu, which will be organized by the Philippine Franchise Association, at 10:00AM to 9:00PM at Ayala Center Cebu.

Cebu Business Month 2014

The 2nd Cebu-In-The-Bag: Island Madness Sale will be on June 13 to 15 at SM City Cebu; Second Entrepreneurship Seminar about Competing in the Global Space on June 17 at 9:00AM to 5:00PM at Harolds Hotel; June 19 for Tourism and Investment Forum at 8:00AM to 3:00PM at Marco Polo Plaza Hotel; June 20 for Tourism and Investment Night Roundtable Discussion on the Economic Development of Cebu at 5:30 PM at Radisson Blu Hotel; June 21 for Business- Academe Forum at Radisson Blu Hotel, 9:30AM to 5:00PM; June 22 for 2nd Cebu Run for the Rivers at SM City Cebu Northwing, 4:00AM to 9:00AM.

Three events are scheduled on June 24: Third Entrepreneurship Seminar on Basics in Successful Exporting at Cebu Grand Hotel, 9:00AM to 5:00PM, the Cebu International Documentary Film Festival at SM City Cebu Cinema 1 at 1:00PM to 4:00PM, and the Visayan Pop-Song Writing Competition- Finals Night at SM City Cebu Cinema 1 at 8:00PM to 10:00PM; June 26 for Business-In-Golf Tournament at Cebu Country Club, 6:00AM; June 27 for Creative Industries Cebu: Salon Talks at 32 Sanson by Rockwell, 1:00PM to 5:00PM; And June 28 for the Grand Chamber Awards and Fellowship Night at the Waterfront Cebu City Hotel, 5:30PM to 10:00PM, on the same day there will be Mega Jobs Fair with the Cebu City Government at Cebu City Sports Center, 8:00AM to 5:00PM.

Cebu Business Month 2014

The Cebu business community, firms and individuals interested in exploring business possibilities are encouraged to rally support for CBM 2014 order to take advantage of the opportunities to be opened by the ASEAN Economic Integration in 2015.

Since 1996, the CBM has become an institutionalized month-long jubilee of the business community founded by CCCI, the only ISO-certified chamber in the Philippines.  CBM features, a series of events that highlight and inspire more successes in the Cebu Business Community as well as advocate, share and provide more dynamic and optimistic road for a sustainable business atmosphere in Cebu and the neighboring islands.




Megaworld expands Eastwood City to 18.5 hectares


Amid growing property demand, Megaworld to build more office & residential towers, and more commercial spaces

Property giant Megaworld is expanding Eastwood City, its first township in the Philippines and the country’s first cyberpark, to an additional 1.5 hectares amid growing demand for office and commercial spaces in the township.
The company has acquired a property located on the eastern part of the township (along Eastwood Palmtree Avenue) beside the Eastwood Le Grand Tower 3. This aggressive township expansion brings the total land area of Eastwood City to 18.5 hectares.
“The tremendous success of Eastwood City as the country’s first cyberpark and premiere township has attracted thousands of Filipinos to live here, hundreds of IT and BPO (Information Technology and Business Process Outsourcing) companies to operate here, and thousands of visitors and shoppers to enjoy what life in Eastwood can offer. We have envisioned the expansion of this township years ago, and now, it is happening,” says Jericho P. Go, senior vice president, Megaworld.
At least three office towers are in the expansion pipeline. First to rise will be a high-rise mixed-use tower that combines residential, office and commercial in a cluster.
The company is projecting to accommodate around 100,000 square meters of office spaces that will be built progressively over the next few years and around 600 residential units in the Eastwood 1.5-hectare expansion plan. All towers will have leasable commercial spaces at the ground levels.
“With the expansion, we are looking forward to a more exciting mix of new commercial and retail partners in this new side of Eastwood City,” says Kevin L. Tan, first vice president and head of commercial division, Megaworld.
To date, Eastwood City is home to an estimated 60,000 IT and BPO workers in 59 companies, making it the biggest cyberpark in the Philippines in terms of workforce. It is also home to around 25,000 residents and about 500 commercial and retail partners.
Established in 1999, Eastwood City is one of Megaworld’s most successful townships that pioneered the “live-work-play” lifestyle concept in the Philippines. It is a testament to how far a developer can do when it comes to marrying urbanization and sustainability.

The township currently has 10 office buildings, mostly occupied by some of the country’s biggest IT-BPO companies, 19 residential condominium towers, three Megaworld lifestyle malls (Eastwood Mall, Citywalk 1 & 2 and Cyber & Fashion Mall) and the Eastwood Richmonde Hotel.


• Established in 1999
• First Cyberpark in the Philippines
• Country’s first Philippine Economic Zone Authority (PEZA) accredited township
• 21 high-rise residential towers with 7,250 condominium units
• Home to around 25,000 residents and approximately 60,000 IT-BPO workers
• 11 state-of-the-art corporate office towers covering 270,000 square meters of office spaces
• Home to around 100 companies
Top companies in terms of office spaces:
o Accenture
o Citibank
o Dell
o Concentrix
• Three lifestyle malls with over 500 commercial and retail partners (Eastwood Mall, City Walk I and II, Cyber and Fashion Mall) covering around 104,000 square meters of gross floor area
• Has a police station and fire station
• Has its own Catholic parish (St. John Paul II Parish)