Tune Hotels in Ortigas, a Malaysian-owned chain of hotels, has just been launched. The hotel has 126 double rooms and 52 twin rooms. Tune Hotel currently operates 41 establishments worldwide with 35 in the Asean region of which 8 is in the Philippines.
Robinsons Land Corporation, during the first-quarter for the fiscal year 2014, had a 13.2% decline in net income due to the effects of Typhoon Yolanda on its properties, as well as a fire that hit Robinsons Galleria late last year.
The Ortigas family’s OCLP Holdings is considering raising about P6 billion in long-term debt this year to finance ongoing expansion programs and refinance loans. Joselito Santos, OCLP Holdings’ general manager for real estate, said in a briefing Monday that the fresh funds would help support plans to sustain growth in revenues, which he said may hit about P5 billion next year.
San Miguel Corporation has invested about P200 million to enter the fast-growing e-commerce industry. Its new subsidiary Autosweep Post Corporation has launched its flagship product, the Sweep card, a contactless reloadable cash card that can be used to pay for goods and services and even toll fees.
ORTIGAS Central Business District (CBD) will soon boast of a mixed-use residential and commercial enclave similar to other booming business centers in the metropolis.
GSIS is selling the PhilComCen building in Ortigas for P771.5 million to Filinvest Land Inc.
The JICA is to conduct a full feasibility study on a planned mass transport system that will effectively link the central business districts of Makati, Ortigas, Bonifacio Global City and Newport City. BCDA is in talks with the Department of Transportation and Communications about the project and is set to meet with JICA within the month.
The Library, Malate’s iconic bar and restaurant, is expanding with the opening of The Library in Metrowalk Commercial in Ortigas tomorrow, Jan. 10. The new branch offers the same awesome entertainment The Library is known for according to The Library founder and creative director Andrew de Real.
MARCO Polo Ortigas Manila has named Melanie Domingo, who has almost 14 years of HR experience, as director of Human Resources. Ms. Domingo was the director of Human Resources for Oakwood Premier Manila from August 2010 to May 2013. She started her career at the Peninsula Manila before working overseas in Millenium Hotel and InterContinental Hotel both in Doha, Qatar.
A fire started late in the evening , after the mall hours of Robinsons Galleria Mall in Ortigas Center. It is still uncertain if people has been injured. Fire trucks have already responded on the scene in order to control the fire.