News Flash

September 04, 2015, Friday
  • Customs Chief Bert Lina says sorry for the inspection of balikbayan boxes. 4 hours ago |
  • Suspect in the slay of DepEd Asst. Reg’l. Dir. Menguito’s wife & maid is a businessman & Menquito’s own relative. 10 hours ago |
  • Suspect in the killing of DepEd Asst. Reg'l Dir. Menguito’s wife & maid arrested in Merville, Paranaque. 10 hours ago |
  • Wife & maid of DepEd Asst. Reg’l Dir. Ponciano Menguito found dead from multiple stab wounds in their Sta. Ana, Manila home. 10 hours ago |
  • Majority Leader Neptali Gonzales says the House needs to hold 5 sessions/wk. to approve imp’t measures before the Oct. 10 break. 11 hours ago |
  • House of Representives to hold sessions from Monday to Friday beginning next week. 11 hours ago |
  • Mayon volcano now records only one volcanic earthquake a day for the past 6 months. 11 hours ago |
  • Mayon volcano’s status downgraded to Alert Level 1. 11 hours ago |
  • Cotabato Rep. Nancy Catamco denies link to PDAF scam saying she wasn’t even in Congress when the fund was misused. 11 hours ago |
  • Sandiganbayan allows Bacolod City Mayor Monico Puentevella to travel to Thailand amid a PDAF-related graft case. 11 hours ago |
  • Senate grills NTC officials on the proliferation of text scams. 16 hours ago |
  • MMDA and Quezon City Police District conduct clearing operations along Edsa-Balintawak. 16 hours ago |
  • MMDA gives traffic orientation to members of PNP Highway Patrol Group (HPG) who will man EDSA beginning Monday. 16 hours ago |
  • Earthquake drill held in Bulacan. 18 hours ago |
  • 2 PCG officers & a skipper to face criminal raps following the July 2 sinking of M/B Kim Nirvana off Ormoc City. 18 hours ago |
  • DOTC Sec. Jun Abaya checks out the assembly of MRT 3 prototype train at a depot in Pasay City. 18 hours ago |
  • At least 8 inmates bolt Lanao del Norte provincial jail. 18 hours ago |
  • DOJ Sec. De Lima says a prosecutor or a panel of prosecutors will handle the complaints filed vs. 8 INC leaders. 18 hours ago |
  • DOJ says the complaints of illegal detention & harassment filed by Isaias Samson Jr. will go through regular process. 18 hours ago |
  • Driver whose van was fired upon at Katipunan Avenue in Quezon City dies in hospital. 18 hours ago |
  • Abra-Kalinga Road to Nagpaoayan, Baay Licuan in Cordillera partially closed to traffic due to repairs. 18 hours ago |

Ayala bares Puerto Azul plans

By Jenniffer B. Austria | May. 07, 2013 at 12:02am
Ayala Land Inc., the country’s biggest property company, said Monday it expects to finalize the acquisition of a portion of the 3,000-hectare Puerto Azul property from Boulevard Holdings Inc. of the Panlilio family over the next four months.

Ayala Land president Antonino Aquino said the company was interested in just a portion of Puerto Azul in Ternate, Cavite province. He said Ayala Land could transform the property into another leisure and resort facility similar to Anvaya Cove in Subic and El Nido in Palawan.

“We just had an agreement to talk and come around with the various required studies we had to do prior to actual due diligence work. It will take about four months to be able to complete the actual due diligence,” Aquino said.

Aquino said the two parties had not reached an agreement on whether Ayala Land would acquire part of the Puerto Azul property or the two would form a joint venture to jointly develop the project.

But Aquino said Ayala Land was keen on transforming the property into a leisure-oriented project.

“We have always been talking about leisure-type communities, exactly similar to what we have in Anvaya [Cove], and something like what we will be doing in the El Nido Resort area, so the concept is really to be able to come around with those type of leisure-oriented communities,” Aquino said.

Ayala Land last month said it agreed to acquire some properties owned by BHI.

Ayala Land in Bataan has teamed up with Subic Bay Development and Industrial Estate Corp. to develop a 320-hectare leisure project, called Anvaya Cove. It also  operates 150 island resort rooms in Lagen, Miniloc and Apulit Island, formerly Club Noah.

Ayala Land earlier said it planned to double its landbank for tourism-related projects to 1,000 hectares over the next two to three years as the country aims for higher tourist arrivals.

The company this year earmarked P65.5 billion in capital expenditures, including P20 billion for land acquisition.

Ayala Land has teamed up with Aboitizland Inc. to develop properties in Cebu. It also entered into joint venture agreement with the Gaisano group to develop a 12-hectare land in Mactan, Cebu.

Aquino said the company was forging tie-ups in line with its plan to develop in-city projects in major cities in the country.

BHI was established in 1994 as a holding company with primary interests in the development of hotels and resorts and tourism-related businesses and investments in strategic land locations and rentable real estate properties.
COMMENT DISCLAIMER: Reader comments posted on this Web site are not in any way endorsed by Comments are views by readers who exercise their right to free expression and they do not necessarily represent or reflect the position or viewpoint of While reserving this publication’s right to delete comments that are deemed offensive, indecent or inconsistent with editorial standards, may not be held liable for any false information posted by readers in this comments section
comments powered by Disqus

In This Category

Want Updates?

Be the first to know on what is latest from, simply enter your email below to get started. We don’t spam dont worry!