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Thursday, January 23, 2014
Monday, November 25, 2013
|Kazuo Okada, speaks during the ground-breaking ceremony |
of its casino-hotel projects in Manila.
→ Tiger Resort, Leisure and Entertainment Inc., owned by Japanese billionaire Kazuo Okada, is on track to open its integrated entertainment and resort project at the Entertainment City by 2015, Tiger president Masahiro Terada said.
Terada said the firm has already invested $200 million for the initial phase of construction of the 44-hectare Manila Bay Resorts, which will consist of six-star and five-star hotels, 20 food and beverage destinations, retail and spa facilities and residential properties.
"We've already started our construction, which will consist of several phases, three or four, but we're on track of our 2015 target," Terada said.
Terada noted that Okada remains committed to invest a total of $2 billion at the Entertainment City despite facing legal battles.
Okada is facing charges of violations of the Philippine Anti-Dummy Law, Public Land Act, Foreign Investment Act and Article XII of the constitution.
He was earlier warned by the Philippine Amusement Gaming Corporation Entertainment (Pagcor) that his license will be revoked if proven that he had resorted to bribery in order to secure Tiger's license and violated Philippine laws.
Okada’s group entered into a partnership with the Antonio-led Century Properties Group Inc. in developing a 5-hectare property within the Entertainment City.
Century Properties, however, said they will not be involved in the gaming business of the Okada group.
source: ABS-CBN News.com / Business
Thursday, October 31, 2013
DIGOS CITY, Davao.
by: Eldie Aguirre and Orlando Dinoy, Inquirer Mindanao.
–→ The coming into being of Southern Mindanao’s fifth province is now more apparent as returns from majority of Davao del Sur’s 14 towns and this city heavily favored the law that sought to create it, the Commission on Elections said Wednesday.
Ma. Febes Barlaan, Davao del Sur election officer, said results from eight towns and this city showed that “No” trailed by 65,801 votes behind “Yes,” which has 105,254 as of early afternoon Wednesday.
Barlaan said votes still waiting to be canvassed by the provincial board of canvassers were mostly from towns known to be in favor of the new province’s creation.
Even if all the returns have yet to be canvassed, Barlaan has confidently declared late Tuesday that “Yes has won.”
Added to region
Once formally declared as a new province, Davao Occidental – composed of the second district towns of Sta. Maria, Malita, Don Marcelino, Jose Abad Santos and Sarangani – will join the provinces of Davao del Sur, Davao del Norte, Davao Oriental and Compostela Valley in forming the Davao region.
The creation of the new province was initially proposed by former Representative Marc Douglas Cagas IV when his father, Douglas Cagas, was still governor of Davao del Sur.
Under Cagas’ proposal, Davao Occidental was to be formed by all towns in the second district.
As the May elections drew near, however, Cagas withdrew his proposal but the idea of creating a new province was kept alive by second district Rep. Franklin Bautista.
Bautista’s version of the law contained the basic elements of Cagas’ proposal but the composition of the province was reduced to only Sta. Maria, Malita, Don Marcelino, Jose Abad Santos and Sarangani after officials of the other second district towns of Kiblawan, Malalag and Sulop, which are known to be Cagas turfs, opted out.
The Bautista version was passed by Congress and signed by President Benigno Aquino III into law.
Former Representative Cagas tried to block the plebiscite at the Supreme Court but the tribunal junked his petition.
The younger Cagas, however, continued to oppose the approval in a plebiscite of Bautista’s version of the law creating the new province. He spent money on tarpaulins listing the negatives of having a new province.
Wilhelm Sukyo, Southern Mindanao director of the Department of the Interior and Local Government, said the DILG will help officers in charge run the new provincial government until a set of officials has been elected in 2016.
source: Inquirer News
Metro Davao, Philippines 12:31 PM
Labels: Brgy.Election2013, DAVAO OCCIDENTAL, Election2013, Plebiscite results favor "YES" for new Davao province