Alliance Global - updates

Rappler's latest stories on Alliance Global


Alliance Global profits down 39% in Q1 2020

Jul 01, 2020 - 10:15 AM

The Taal Volcano eruption and the coronavirus pandemic hit Andrew Tan's empire

EARNINGS. Kevin and Andrew Tan. Photo from Alliance Global Group

Andrew Tan's AGI donates 1 million liters of alcohol vs coronavirus

Mar 18, 2020 - 6:45 PM

'We need to protect our frontliners...whose lives are at risk in protecting and treating people from this virus,' says Alliance Global CEO Kevin Andrew Tan

Alliance Global sets P410-billion capex for 2020 to 2024

Jul 01, 2019 - 3:30 PM

Alliance Global's property arm Megaworld Corporation receives the lion's share of the budget set for 2020 to 2024

FUTURE-PROOFING. AGI's 5-year program wants to increase the use of innovation and digital transformation in all of its businesses. Logo from Alliance Global

Alliance Global launches program to future-proof its businesses

Jun 20, 2019 - 6:55 PM

Alliance Global Group says it wants to have all of its companies 'ready for the future of business in the next 10 years'

FUTURE-PROOFING. AGI's 5-year program wants to increase the use of innovation and digital transformation in all of its businesses. Logo from Alliance Global

NAIA Consortium gains original proponent status for P102-B airport rehab

Sep 13, 2018 - 6:02 PM

The proposal to rehabilitate the Ninoy Aquino International Airport is now up for the approval of the National Economic and Development Authority Board

REHAB. NAIA Consortium has been awarded the "original proponent status" by the government for the rehabilitation of the country's main gateway. File photo by Ben Nabong/Rappler

Guadalupe-BGC Skytrain construction seen to start in 2018

May 28, 2018 - 1:20 PM

The Department of Transportation approves Infracorp Development Incorporated's proposed Skytrain monorail, which could be operational by early 2021

Alliance Global net income for 2017 stalls on Resorts World attack

Apr 05, 2018 - 8:15 PM

Alliance Global reports a net income of P21.8 billion in 2017, from P22.8 billion in 2016, as losses from its casino and liquor units offset gains from Megaworld and fast-food operations

DOTr to review P350-billion NAIA rehabilitation proposal

Feb 18, 2018 - 10:05 PM

The Department of Transportation expects to finish its evaluation of the Ninoy Aquino International Airport proposal by top conglomerates in April

REHABILITATION. Passenger traffic to NAIA is expected to continue to grow significantly over the coming years and the existing runway configuration may be unable to accommodate the future flows. Photo By Ben Nabong/Rappler

'Super consortium' formalizes P350-billion NAIA rehab proposal

Feb 13, 2018 - 12:30 PM

The consortium's members are Aboitiz InfraCapital, AC Infrastructure, Alliance Global, Asia's Emerging Dragon, Filinvest, JG Summit, and Metro Pacific

REHABILITATING NAIA. The consortium teams up with Singapore's Changi Airports International Private Limited to provide technical support in the areas of master planning, operations optimization, and commercial development. Image from Aboitiz Corporate Communications

Megaworld to develop smart townships

Jan 29, 2018 - 7:25 PM

Dubbed iTownships, the initiative will include smart home technology, smart parking systems, and the use of sustainable materials, among others

Conglomerates form ‘Super Consortium’ to propose NAIA upgrade

Dec 21, 2017 - 3:37 PM

The Ayala, Aboitiz, Gokongwei, Gotianum, Metro Pacific and Andrew Tan groups will submit their unsolicited bid to the Department of Transportation

Conglomerates in talks for 'super consortium' to upgrade NAIA

Dec 07, 2017 - 3:50 PM

Andrew Tan's Alliance Global and Lucio Tan's LT Group confirm there are talks with other business groups, though no formal agreements have been reached

Alliance Global moves into infrastructure, proposes Skytrain

Oct 11, 2017 - 2:00 PM

Andrew Tan's new infrastructure subsidiary Infracorp Development announces its arrival with an unsolicited bid for a monorail project that would link Guadalupe, Makati to Bonifacio Global City

Megaworld launches new headquarters in Bonifacio Global City

Sep 27, 2017 - 8:15 PM

The 30-story Alliance Global Tower, situated in the Uptown Bonifacio township, houses Megaworld and all of its subsidiaries' 3,500 employees

Resorts World Manila sees recovery, fast-tracks expansion

Sep 19, 2017 - 4:30 PM

Foot traffic at the Resorts World Manila complex is almost back up to pre-attack levels, while an expansion of its casino area is eyed for completion by December

Alliance Global net income drops to P10.1 billion in 1st half of 2017

Aug 14, 2017 - 4:10 PM

The group s property and fast food units temper the slower performance of its casino and liquor businesses

Megaworld net income up 11% to P6.69B in 1st half of 2017

Aug 10, 2017 - 6:40 PM

The rise is due mainly to the property developer s rental income which rose 20 to P5 83 billion for the period

Resorts World Manila loses P7-B market value a week since attack

Jun 11, 2017 - 10:30 AM

The declining stock price of RWM makes even more evident the company s struggling performance over the last few years due to increasingly tough competition in the casino market

Resorts World Manila facade 2 days after the attack. Photo by LeAnne Jazul/Rappler

FAST FACTS: What you need to know about Resorts World Manila

Jun 03, 2017 - 12:06 PM

Shooting and fire broke out in Resorts World Manila past midnight of June 2 Here s what you need to know about the place

ATTACK. Shooting and fire break out at Resorts World Manila past midnight of June 2, 2017. Photo by Alecs Ongcal/Rappler

Alliance Global to build transport hub near NAIA

May 01, 2017 - 8:10 PM

This will connect the country s main international gateway to Newport City potentially increasing foot traffic to tycoon Andrew Tan s development

FOOT TRAFFIC. Alliance Global's Kevin Tan (L) says the transport hub wil be located below the newly-constructed 220-meter air-conditioned elevated bridge called Runway Manila. Photo from Megaworld website

Alliance Global sees minimal income growth due to high spending, flat earnings

Apr 07, 2017 - 10:15 AM

Its consolidated revenues end flat at P139 7 billion in 2016 while reported net income climbs only 5 to P22 8 billion

HIGHER SPENDING. Alliance Global''s Kingson Sian says: 'Since about 3 to 4 years ago, the group has made a deliberate effort to significantly raise our level of spending to expand our geographic footprint both here and abroad, and ensure a more sustainable growth in future earnings.' Photo by Rob Reyes/Rappler

Amid soaring demand, Megaworld sees P20-B rental income by 2020

Feb 01, 2017 - 4:55 PM

This means the urban township developer projects to more than double its P9 B rental income in 2015

RENTAL SPACE. Megaworld will add close to 1 million square meters of leasable space in its portfolio. Photos from Megaworld's website

Alliance Global allots P1.2B for drug rehab centers

Dec 21, 2016 - 7:25 PM

The rehabilitation center to be built in Taguig City will accommodate around 500 drug reformists according to Alliance Global

SOCIAL RESPONSIBILITY. Alliance Global, through one of its foundations, will finance the construction and the design of the facility, which will soon rise on a 6,582 square meteres of land inside Camp Bagong Diwa in Taguig City. Rappler file photo

Alliance Global spending over P150B for two-year expansion

Sep 29, 2016 - 3:55 PM

Betting on the country s growth potential Andrew Tan s investment holding firm is spending more to accelerate expansion of its businesses

AGGRESSIVE.'We continue to be optimistic about what lies ahead. That is why we have kept an aggressive capital spending plan moving forward,' Alliance Global president Kingson Sian says. Photo by Rob Reyes/Rappler

PH's Emperador buys Spain's Fundador

Dec 01, 2015 - 3:29 PM

Andrew Tan s Emperador which started as a brandy maker in the Philippines has been expanding its global presence

Photo courtesy of Emperador

Megaworld rides boom, builds 12 office towers in Fort Bonifacio

Jul 21, 2015 - 9:00 PM

The firm will double its total office space available by 2018 in an area that it says is becoming the de facto central business district

Resorts World Manila to spend P8B for 2015

Jun 18, 2015 - 8:45 PM

Travellers International Hotel Group will spend higher this year banking not only on gaming but hotels malls and convention areas

BULLISH GAMING SCENE. Travellers International, owner and operator of Resorts World Manila (shown here), remains bullish in the Philippine gaming industry. File image from the Travellers International website

Philippine distiller Emperador eyes French cognac maker

May 11, 2015 - 1:16 PM

Emperador is currently debt free and is therefore in a very strong financial position to further expand its business both globally and domestically the distiller says

Global Estate Resorts nets P857M in 2014

Apr 13, 2015 - 9:15 AM

The Megaworld led firm gets a boost from sales in Southwoods City and Alabang West

Megaworld led Global Estate Resorts Incorporated nets P857 million in 2014

Pacquiao tops BIR list of individual taxpayers

Mar 28, 2015 - 4:53 PM

UPDATED Of 12 known Filipino billionaires this year only one is in the top 10 of 2013 taxpayers – Andrew Tan of Alliance Global

Pacquiao tops list of top taxpayers for 2013

Travellers International nets P5.45B in 2014

Mar 20, 2015 - 4:54 PM

The gaming and entertainment complex operator reports its net doubles from 2013 despite a decline in net revenues

PH’s Emperador eyes export in 2015

Oct 09, 2014 - 8:34 AM

Emperador Distilleries Inc is exporting to Africa Central Eastern Europe and Russia

Travellers International to invest P16B in Manila Bay casino resort

Sep 24, 2014 - 5:30 PM

The joint venture of Andrew Tan’s Alliance Global and Malaysia’s Genting group will acquire 95 of the company that s developing the Bayshore City Resorts World

Andrew Tan’s Manila Bay casino to open in 2018

Sep 16, 2014 - 2:24 PM

Phase 1 of Resorts World Bayshore in the Entertainment City will include 3 luxury hotels with gaming facilities

Alliance Global’s 2020 goal: Be the largest PH hotel developer

Aug 20, 2014 - 2:43 PM

The Andrew Tan led conglomerate aims to build 12 000 hotel rooms under 12 different local and foreign brands

Emperador expands vineyard in Spain

Jul 16, 2014 - 1:16 PM

The Andrew Tan led company is acquiring additional land in Toledo Spain to boost grape production

Megaworld makes tourism bid via acquisition of Global-Estate Resorts

Jun 21, 2014 - 8:30 AM

The acquisition signals Megaworld’s entry in the tourism industry with its 80 4 stake in tourism estate developer Global Estate Resorts

Andrew Tan's holding firm posts 10.6% jump in Q1 profit

May 20, 2014 - 5:42 PM

Its property food and liquor businesses enjoyed strong demand from consumers

Andrew Tan's holding firm posts record earnings in 2013

Apr 30, 2014 - 1:20 PM

Main drivers were the group s real estate and liquor businesses

Emperador boosts Spain investments

Feb 14, 2014 - 1:14 PM

A company statement said their deal cements Emperador s push into Spain and into making brandy a global concern

EMPERADOR. Emperador increased its investments in Spain by acquiring half of brandy producer Bodega Las Copas for around P3.7 billion.

Tan-led Emperador buys more vineyards in Spain

Oct 24, 2013 - 12:13 PM

The newly acquired vineyard in Madrid brings to around 1 000 hectares the total production base of Emperador International

Travellers IPO set at P11.28 apiece

Oct 18, 2013 - 3:12 AM

Proceeds and share price are down by more than half compared to what the firm earlier announced in May

Travellers International pushes through with IPO set at P11.28 apiece. Photo by AFP

Emperador going public through Touch Solutions?

Aug 29, 2013 - 9:34 AM

Emperador Distillers Inc the biggest liquor company in the Philippines announces a possible backdoor listing deal with Touch Solutions

Ayala, Jollibee, Alliance among Forbes' Fab 50

Aug 29, 2013 - 8:55 AM

Alliance Ayala and Jollibee made it to Forbes s 2013 elite list of 50 Fabulous publicly traded companies in Asia Pacific

Tan, Zobel, Ty firms post higher profits

Aug 14, 2013 - 7:53 AM

Conglomerates owned by 3 of the 50 richest people in the Philippines based on a Forbes list post double digit profit growth rates in January to June 2013

Emperador in P6-B Spain venture

Aug 08, 2013 - 4:09 PM

Emperador Distillers will spend for more vineyards and brandy stocks in Spain to build a global brand

Casino firms welcome San Miguel win in NAIA Expressway

May 27, 2013 - 9:26 AM

The 4 locators requested for the construction of the elevated ramp and was initially willing to shoulder half or P6 5 billion of the project cost

Alliance Global Q1 profit reaches P4.9-B, up 18%

May 15, 2013 - 4:28 PM

The conglomerate attributed its growth to the strong performance of its real estate food and beverage and hotel units

ON A HIGH. Emperador Distillers hiked its net profit on the back of strong Emperador sales.

Bill Gates the unknown explores Ghana's health progress

Mar 27, 2013 - 1:32 PM

Bill Gates foundation has been on a high profile campaign to improve health by increasing vaccinations in poorer nations

ADVOCACY. Bill Gates (L) at the Awutu health clinic in Ghana. Photo courtesy of the Bill and Melinda Gates Foundation

Tan-led Alliance Global earns P20.8-B in 2012, up 41%

Mar 14, 2013 - 6:04 PM

The year 2012 was a record for Alliance Global Group Inc the listed holding firm of tycoon Andrew Tan