Tag Archives: Megaworld

Kevin Tan sees merging of malls, e-commerce and tourism

(Source: Philstar.com | July 4, 2018) From his office on the 30th floor of Alliance Global Tower in Taguig, newly appointed Alliance Global Group Inc. (AGI) CEO Kevin Andrew L. Tan can see Uptown Mall, the 12th he helped build as head of Megaworld Lifestyle Malls. It was a position he held at the beginning of Megaworld’s massive expansion around ...

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Alliance Global names Kevin Tan as next CEO

(Source: The Philippine Star | June 5, 2018) Tycoon Andrew Tan has passed on the torch to his eldest son Kevin, appointing him as chief executive officer of conglomerate Alliance Global Group Inc., a position he held concurrently as chairman since 2006. “Kevin’s vast exposure and professional experience in the various companies under Alliance Global Group for almost two decades ...

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Megaworld earnings increased 12% in Q1

(Source: Business Mirror | May 9, 2018) The Andrew Tan-led property firm Megaworld Corp. said its net income grew 12 percent during the first three months of the year to P3.3 billion, from P2.9 billion last year. Consolidated revenues grew close to 10 percent to P13.1 billion during the first three months of the year, from P12 billion during the ...

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Megaworld net income rose 13% to P13.3 billion in 2017

(Source: Business Mirror | March 26, 2018) The property-development arm of businessman Andrew Tan reported a double-digit growth rate in its income last year, while income of his gambling business fell mainly due to the loss of its gambling facilities in the middle of last year. Megaworld Corp. said its net income grew 13 percent to P13.3 billion, from last ...

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Megaworld Corp opening mall with dog park

(Source: Inside Retail Philippines | February 7, 2018) Megaworld Corp will open a PHP2.2 billion (US$42.6 million) “pet-friendly” mall in Iloilo City in April. Expected to create at least 3,500 jobs, the developer’s first full-scale mall in the Visayas will feature open spaces, vertical gardens and an interactive dog park, says Megaworld Lifestyle Malls senior VP Kevin Tan. Over three ...

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Megaworld’s Capital Town project set to generate 250,000 jobs in Pampanga

(Source: Business Mirror | November 30, 2017) Around 250,000 direct and indirect jobs in the business-process outsourcing (BPO), transport, retail, food and construction sectors are expected to be generated as the upcoming investment of Megaworld Corp. takes shape in Pampanga. Eugene Em Lozano, first vice president for sales and marketing of Megaworld Pampanga, said this would be realized with Capital ...

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‘Township developments to redefine Bacolod retail landscape’

(Source: Sunstar | September 23, 2017) A global retail estate services company said township developments, mainly smaller retail formats such as neighborhood and district malls, continue to dominate and will eventually redefine the retail landscape of Bacolod City. Colliers International Philippines recently reported that the city’s current overall vacancy rate of below two percent is projected to increase once retail outlets ...

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Megaworld set to open P2-B Southwoods Mall in October

(Source: Rappler | August 31, 2017) Andrew Tan-led Megaworld is set to open its newest mall just south of Metro Manila in time for the holiday season. In a disclosure to the Philippine Stock Exchange (PSE) on Thursday, August 31, the property developer announced it will officially open its P2-billion Southwoods Mall in its 561-hectare township Southwoods City along the ...

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Newport Mall foot traffic picks up with tighter security, promos and sales

(Source: Business Mirror | July 4, 2017) The daily average foot traffic in Newport Mall is starting to normalize with revamped security measures, to go with a series of aggressive mall-wide offerings in retail, dining and entertainment. The Las Vegas-inspired luxury establishment was initially closed for a “seven-day mourning period”, as announced by the Resorts World Manila (RWM) management a ...

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Megaworld Corp launching project in Pampanga

(Source: Inside Retail Philippines | June 9, 2017) Megaworld Corp is set to start the development of a PHP30 billion (US$607 million) integrated mixed-use project in San Fernando, Pampanga. Dubbed Capital Town, the project will transform the site of the historic Pampanga Sugar Development Co into a modern CBD for Northern Luzon, says Megaworld first VP for sales and marketing ...

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