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Lucio Tan-led real estate firm lines up 8 new projects

MANILA, Philippines - Lucio Tan-led Eton Properties Philippines Inc. has lined up 8 new projects this year to take advantage of the sustained strong demand in the market. In an interview with reporters, Eton president Danilo Ignacio said 4 new residential projects will be unveiled this year, along with 3 commercial projects and one office development.   Ignacio declined to disclose the overall construction cost. The residential projects are the 40-storey Eton Tower Makati at the corner...

Cebu Pacific to raise P12B by going public

Gokongwei-owned budget carrier Cebu Pacific will go public this year to raise P12 billion, mostly from big foreign investors, for its expansion. The Securities and Exchange Commission published a notice in a newspaper on Monday informing the public about the securities registration of Cebu Air, Inc., the operator of the budget airline.   The airline will seek to list about 125.25 million new common shares with a par value of a peso each via an initial public offering (IPO). At the maxim...

Gordon vows to make RP investor-friendly

MANILA, Philippines - Bagumbayan presidential candidate Sen. Richard “Dick” Gordon wants to replicate what he did in Olongapo and at the Subic Bay Freeport Zone to the whole country if he becomes the next President of the Philippines. In a roundtable discussion with editors, columnists and reporters of The Philippine STAR yesterday, Gordon said he would create an environment that would make the Philippines investor-friendly. This, he said, is the formula that spurred economic growth in Olongapo...

One of twin housemates leaves PBB

MANILA – JP Lagumbay, one of the twin housemates of “Pinoy Big Brother (PBB) Double UP,” made a voluntary exit merely two days after he joined the ABS-CBN’s hit reality-based show. Dubbed as "Jetsetter Dad of QC," JP, the twin brother of JM, decided to leave PBB after he was informed that his application for leave has been declined by his employer. “Kuya” told him that he needed to report for work or he would face sanctions. JP was torn between staying inside the house for his twin ...

Anne, Sam set to be reunited

MANILA – Former sweethearts Anne Curtis and Sam Milby are not closing their doors to the possibility of getting back together. "Hindi kami, but safe to say that we are not closing our doors to it. Hindi namin minamadali, kaya sana hindi din kami madaliin ng mga tao. We are just taking our time,” Curtis said. "Nakikita kami ng mga tao. Hindi naman namin dini-deny. But we are not rushing anything. Ini-enjoy lang namin ‘yong time namin together,” she added. Just last week, Curtis and ...