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NEWS UPDATES Asean Affairs    September  22,  2017  

Cebu Landmasters to roll out P10.61 billion of projects

Cebu Landmasters Inc. (CLI) is rolling out P10.61 billion worth of projects in the remaining months of the year, on top of the P7.09 billion of programmed projects that have been unveiled in the first half.

The amount of projects to be launched in the Visayas and Mindanao would amount to P17.7 billion this year, Clarissa Mae Cabalda, CLI's investor relations manager, disclosed to the Philippine Stock Exchange on Thursday.

Fourteen of the projects would be rolled out in Cebu, Davao, Iloilo, Bacolod, Sibulan, and Cagayan de Oro, the company said.

"The real estate market in the Visayas and Mindanao continues to thrive," CLI chief operating officer Franco B. Soberano said in a separate statement.

"We are also banking on our expertise and know-how as a homegrown player from VisMin,” Soberano added.

To ensure quality control in after sales property management, the developer said it is no longer hiring third party managers. Instead, CLI created a fully owned subsidiary to handle all property management functions.

Cebu Landmasters Property Management Inc. (CLIPM) will employ 50 people.

"We formed CLIPM to strengthen our commitment and fulfill our promise to nurture our CLI communities even after the turnover of the units," Soberano noted.

CLI shares opened at P5.09 per share on Thursday, unchanged from the closing price on Wednesday.

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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






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