Ayala Land Hospitality investing $500M to expand hotel portfolio by 2030
Ayala Land Hospitality Corp., a newly-rebranded unit of Ayala Land Inc., is set to invest approximately USD500 million through 2030 to double its hotel and resort room capacity. Formerly known as Ayala Land Hotels and Resorts, the company plans to increase its room keys from 4,000 to 7,500 as part of its strategic expansion in anticipation of a tourism surge in the Philippines.
Shakey’s Pizza plans 20 new branches for 2025 expansion
Shakey’s Pizza Ventures Inc. is set to open around 20 new branches this year, with half of these to be franchised and the other half company-owned. This marks a continuation of the company’s growth strategy, following the addition of 20 branches in 2024, according to company president Vicente Gregorio.
BSP views gold as risky investment, eyes optimal ratio
Gold, as an asset, isn’t considered a favorable investment by the Bangko Sentral ng Pilipinas (BSP), as it typically leads to a negative carry due to custodial costs and price volatility.
BSP remains committed to an easing cycle
The Bangko Sentral ng Pilipinas (BSP) remains committed to easing monetary policy, but the pace and magnitude of interest rate cuts, as well as...
Ex-President Duterte arrested; now in PNP custody
The Presidential Communications Office on Tuesday said former President Rodrigo Duterte was arrested and placed in detention by Interpol agents upon his arrival in Manila following a trip to Hong Kong. The Manila unit of the Interpol received the warrant from the International Criminal Court at dawn. The warrant was served by the ICC Prosecutor General and was issued for crimes against humanity. Duterte is now 79 years old.
