Google

ASEANAFFAIRS
Sign up | Log in

    ASEAN PROFILES

  ASEAN KEY DESTINATIONS

Home  >>   Daily News  >>Philippines>>Companies>>Waterfront Philippines to get P1.5-B credit line from PBCOM
NEWS UPDATES Asean Affairs    September  26,  2017  









Waterfront Philippines to get P1.5-B credit line from PBCOM

The board of directors of Waterfront Philippines Inc. has given the company the green light to engage the Philippine Bank of Communications (PBCOM) in a P1.5- billion credit line earlier approved by the bank.

Arsenio Alfiler Jr., Waterfront Philippines assistant corporate secretary, told the Philippine Stock Exchange the credit line also be used by subsidiaries Waterfront Cebu City Casino Hotel Inc., Waterfront Mactan Casino Hotel Inc., Davao Insular Hotel Co. Inc., Pacific Rehouse Corp., and Crisanta Realty Development Corp.

Waterfront said the credit line will be secured by:

    Real estate mortgage and chattel mortgage over various operating assets used by Waterfront Cebu Casino Hotel in Lahug

    Deed of assignment over leasehold rights on the land owned by the Mactan Cebu International Airport Authority on which the Waterfront Cebu City Casino Hotel stands

    Deed of pledge of the shares of stocks representing ownership of Waterfront Philippines in Waterfront Cebu City Casino Hotel and in Davao Insular Hotel

    Real estate mortgage on 23 parcels of commercial lots with improvements registered under the name of Davao Insular Hotel

    Chattel mortgage on various operating assets used by Davao Insular Hotel

    Real estate mortgage on a 70 hectare agricultural property located in Matina, Pangi, Tolomo, Davao registered under the names of Pacific Rehouse Corporation and Crisanta Realty Development Corporation

Waterfront is an investment holding company for hotel, leisure, and tourism businesses.

Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
Online Ad Rates
Contact: marketing@aseanaffairs.com

Comment on this Article. Send them to  your.views@aseanaffairs.com

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
 
or
submit your comment in the box below



 
Today's  Stories                         September 26, 2017 Subsribe Now !
• Waterfront Philippines to get P1.5-B credit line from PBCOM Subcribe: Asean Affairs Global Magazine
• Lazada expands Alibaba's Taobao marketplace in Southeast Asia
HCM City plans to extend Metro Line 2
Research Reports
on Thailand 2007-2008

• Textiles and Garments Industry
• Coffee industry
• Leather and footwear industry
• Shrimp industry

• Visitor numbers grow over holiday fest
• M1 unveils new service to detect and deal with mobile malware
Asean Analysis                  September 15,  2017
• Asean Analysis September 15, 2017
Trump-Najib Meeting Gives Malaysia-U.S. Relations Shot of Adrenaline
Advertise Your Brand

Asean Stock Watch   September 25,  2017

• Asean Stock Watch-September 25, 2017
The Biweekly Update
• The Biweekly Update  September 15, 2017

ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent
• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore • Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline • Vietnamese PM projects 10-year socioeconomic plan

ASEAN  ANALYSIS

This year in Thailand-what next?


AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More

 


Name

Name


Email

Email



1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

| Terms of Use | Site Map | Privacy Policy  | DISCLAIMER |

Version 5.0
Copyright © 2006-2020 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand
asean@aseanaffairs.com