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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...

Terminator moves on without busy Schwarzenegger | Entertainment | Reuters

Arnold Schwarzenegger was too busy running California to save the world in the new "Terminator" movie. The action hero turned California governor starred in the first three films in the blockbuster sci-fi trilogy, but top billing in "Terminator Salvation," which opens in U.S. theaters on Thursday, goes to "Batman" star Christian Bale. True to his catchphrase "I'll be back," Schwarzenegger did make a brief cameo, even though he never set foot on t...

Rihanna fights back against nude-picture leak

Rihann hits back at alleged nude-picture leaks, according to TMZ. The legal department at Rihanna's record label, Island Def Jam, has apparently sent a letter to a website that posted the pictures, demanding that they be taken down. It is not clear that Rihanna is the person featured in the nude photographs, although she is visible in two clothed pictures, and TMZ reports that the letter also doesn't make it clear if Rihanna is, in fact, the subject of the nude images. Rihanna fights back again...