Tuesday, August 9, 2022
manilastandard.net
ADVERTISEMENT
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Others
    • Pets
    • Pop.Life
      • Newsmakers
      • Hangouts
      • A-Pop
      • Post Its
      • Performances
      • Malls & Bazaars
      • Hobbies & Collections
    • Technology
      • Gadgets
      • Computers
      • Business
      • Tech Plus
    • MS ON THE ROAD
      • Sedan
      • SUV
      • Truck
      • Bike
      • Accessories
      • Motoring Plus
      • Commuter’s Corner
    • Home & Design
      • Residential
      • Commercial
      • Construction
      • Interior
    • Spotlight
    • Gallery
      • Photos
      • Videos
    • Events
      • Seminars
      • Exhibits
      • Community
    • Biyahero
      • Travel Features
      • Travel Reels
      • Travel Logs
  • Advertise with Us
No Result
View All Result
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Others
    • Pets
    • Pop.Life
      • Newsmakers
      • Hangouts
      • A-Pop
      • Post Its
      • Performances
      • Malls & Bazaars
      • Hobbies & Collections
    • Technology
      • Gadgets
      • Computers
      • Business
      • Tech Plus
    • MS ON THE ROAD
      • Sedan
      • SUV
      • Truck
      • Bike
      • Accessories
      • Motoring Plus
      • Commuter’s Corner
    • Home & Design
      • Residential
      • Commercial
      • Construction
      • Interior
    • Spotlight
    • Gallery
      • Photos
      • Videos
    • Events
      • Seminars
      • Exhibits
      • Community
    • Biyahero
      • Travel Features
      • Travel Reels
      • Travel Logs
  • Advertise with Us
No Result
View All Result
manilastandard.net
No Result
View All Result
Home Business

Century open to Okada venture

Jenniffer B. AustriabyJenniffer B. Austria
July 24, 2016, 11:40 pm
in Business
Reading Time: 2 mins read
A A
72
SHARES
Share on FacebookShare on TwitterShare on Email

Century Properties Group Inc. remains open to a partnership with Japanese billionaire Kazuo Okada in resort development, despite their failed partnership in a casino project.

“We are open to partnering with anyone,” Century Properties chairman Jose Antonio said, when asked if he was open to teaming up with Okada in developing the company’s tourism project in Palawan.

There are no current talks between the two parties.

Businessman Antonio Cojuangco, Okada’s local partner in the $2.4-billion Okada Manila project in Parañaque City, said the Japanese billionaire was keen on developing resorts in Palawan and possibly in Davao.  He said Okada was also eyeing golf courses in the Philippines.

Century Properties for its part is developing a 56-hectare beachfront lifestyle destination in San Vicente, Palawan.

ADVERTISEMENT

Antonio said the master plan for the Palawan project was currently being finalized and Century Properties just waiting for the completion of an airport in San Vicente.

“They are just waiting approval from the Civil Aviation Authority of the Philippines. Local officials said they’re getting it by end of the year so if that happens we are going to launch our project in San Vicente,” Antonio said.

Century Properties earlier said it would spend P1.5 billion over the next three to five years to develop the initial phase of the Palawan resort project which would include hotel villas and residential investment properties.

The town of San Vicente, with a total land area of 146,294 hectares, is 140 times larger than Boracay Island.

This natural paradise boasts of emerald green coves, white-sand beaches, waterfalls, enchanting islands and lush forests that visitors can reach through enjoyable nature treks. 

It also boasts of a 14.7-kilometer stretch of white sand that is four times the length of Boracay’s white beach.

Century Properties and Okada group signed an investment agreement in 2013 for the development of a luxury residential and commercial project on a five-hectare property at the 44-hectare entertainment complex now called Okada Manila.

Okada rescinded the agreement with Century Properties in March 2014, after one of the parties involved in the investment agreement withdrew from the negotiations.

The property pursued the legal action against the Okada group to protect the interest of its stakeholders.

After a year of court battle, both parties agreed to settle their issues amicably.

Aside from Batulao, Century Properties is also developing 142 hectares of its land bank in Batulao, Batangas into a fully-integrated leisure, recreational, retail and residential destination in Southern Luzon.

The planned venture into tourism-related projects and house and lot development are part of the company’s strategy to diversify the business which is currently focused on high-end condominium development.

The planned diversification is in line with the company’s thrust to boost recurring income.

Tags: Century Properties Group Inc.Kazuo Okada
ADVERTISEMENT
Jenniffer B. Austria

Jenniffer B. Austria

Related Posts

Asian markets mixed as focus turns to inflation data

byAFP
August 9, 2022, 11:00 am
0
137
Asian markets mixed as focus turns to inflation data

Asian equities were mixed Tuesday as investors await US inflation data later in the week, after a jobs report suggested...

Read more

GDP grew 7.4% in second quarter

byJuly Rada
August 9, 2022, 10:37 am
0
174
Banaag assumes post as Bright Kindle director

The Philippine economy grew 7.4 percent year-on-year in the second quarter, slower than the revised 8.2 percent expansion in the...

Read more

Moody’s unit expects 8.8% GDP growth; agri contracts

byJulito G. Rada
August 8, 2022, 8:50 pm
0
213
BBM retains Teehankee as PH permanent envoy to WTO

The Philippine economy likely expanded by 8.8 percent in the second quarter, faster than the revised 8.2 percent in the...

Read more

Bloomberry back in the black, posts net profit of P2.5 billion

byJenniffer B. Austria
August 8, 2022, 8:45 pm
0
151

Casino resort operator Bloomberry Resorts Corp. said Monday net income reached P1.8 billion in the second quarter, a reversal of...

Read more

Dimalanta quits Aboitiz post after ERC designation

byAlena Mae S. Flores
August 8, 2022, 8:40 pm
0
203
Banaag assumes post as Bright Kindle director

Newly-appointed Energy Regulatory Commission chairperson Monalisa Dimalanta resigned from her post as the compliance officer of Aboitiz Power Corp. Aboitiz...

Read more

Pag-IBIG’s income jumped 27% to P20.48 billion in the first half

byManila Standard Business
August 8, 2022, 8:35 pm
0
148
Pag-IBIG virtual desks activated for OFWs

Pag-IBIG Fund posted earnings of P20.48 billion in the first half, up 27 percent from the same period last year,...

Read more

Stories you may like

  • Zubiri new Senate President, vows to uphold chamber’s independence

    Marcos sees stronger PH-India relations

    5707 shares
    Share 2283 Tweet 1427
  • Showbiz icon Cherie Gil dies at 59

    2603 shares
    Share 1041 Tweet 651
  • Replevin and its common law origins

    1252 shares
    Share 501 Tweet 313
  • Fuel rollback next week, power rate cut in August

    1152 shares
    Share 461 Tweet 288
  • Getting into character: How the cast of ‘Maid in Malacañang’ prepared for their roles

    2707 shares
    Share 1083 Tweet 677

Print Edition

View More

Recent Posts

  • Asian markets mixed as focus turns to inflation data
  • After Durant ultimatum, NBA Nets owner backs Nash, Marks
  • GDP grew 7.4% in second quarter
  • Torrential rain, flooding in Seoul kill seven
  • ‘Grease’ star Olivia Newton-John dies aged 73
  • Mike Tyson slams ‘slave master’ Hulu series for ‘stealing’ life story
  • P-pop girl group 4th Impact on working with Korean producer
  • Trump says Florida home ‘raided’ by FBI

Advertisement

Latest News

Mike Tyson slams ‘slave master’ Hulu series for ‘stealing’ life story

byAFP
August 9, 2022, 9:00 am
0
152
Mike Tyson slams ‘slave master’ Hulu series for ‘stealing’ life story

Former heavyweight boxing champion Mike Tyson has accused an unauthorized television drama of stealing his life story, comparing the streaming...

Read more

P-pop girl group 4th Impact on working with Korean producer

byManila Standard Showbitz
August 9, 2022, 8:52 am
0
146
P-pop girl group 4th Impact on working with Korean producer

By Julienne Nicole J. Rivera The all-girls Filipino group 4th Impact shocked fans with their latest single, "Tapat Sa 'Yo,"...

Read more

Trump says Florida home ‘raided’ by FBI

byAFP
August 9, 2022, 8:30 am
0
154
Trump sues to keep records on US Capitol attack secret

Former US president Donald Trump said Monday that his Mar-A-Lago residence in Florida was being "raided" by FBI agents in...

Read more

US returns 30 stolen antique artworks to Cambodia

byAFP
August 9, 2022, 8:00 am
0
144
US returns 30 stolen antique artworks to Cambodia

The United States on Monday returned 30 stolen works of art and antiquities to Cambodia that had been looted from...

Read more

Sneakers for Makati : AB4.0

byManila Standard
August 9, 2022, 1:50 am
0
1.1k
Sneakers for Makati : AB4.0

Read more

Advertisement

ADVERTISEMENT
Facebook Twitter Instagram Youtube

ABOUT US

Manila Standard

Manila Standard website (manilastandard.net), launched in August 2002, extends the newspaper’s reach beyond its traditional readers and makes its brand of Philippine news and opinion available to a much wider and geographically diverse readership here and overseas.

Digital Edition

In tone and content, the online edition mirrors the editorial thrust of the newspaper. While hewing to the traditional precepts of fairness and objectivity, MS believes the news of the day need not be staid, overly long or dry. Stories are succinct, readable and written in a lively style that has become a hallmark of the newspaper.

Download – Today’s Paper

Search

No Result
View All Result

6th Floor Universal Re Bldg., 106 Paseo De Roxas cor. Perea Street, Legaspi Village, 1226 Makati City Philippines

Trunklines: 832-5554, 832-5556, 832-5558

© 2021 Manila Standard - Designed and Developed by Neitiviti Studios.

No Result
View All Result
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Pop.Life
    • Newsmakers
    • Hangouts
    • A-Pop
    • Post Its
    • Performances
    • Malls & Bazaars
    • Hobbies & Collections
  • Technology
    • Gadgets
    • Computers
    • Business
    • Tech Plus
  • MS ON THE ROAD
    • Sedan
    • SUV
    • Truck
    • Bike
    • Accessories
    • Motoring Plus
    • Commuter’s Corner
  • Home & Design
    • Residential
    • Commercial
    • Construction
    • Interior
  • Spotlight
  • Gallery
    • Photos
    • Videos
  • Events
    • Seminars
    • Exhibits
    • Community
  • Biyahero
    • Travel Features
    • Travel Reels
    • Travel Logs
  • Pets
  • Advertise with Us

© 2021 Manila Standard - Designed and Developed by Neitiviti Studios.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Install Manila Standard Web App

Install App