Alphaland - updates

Rappler's latest stories on Alphaland


Ombudsman pursues criminal probe vs Binay over Boy Scouts deal

Jun 13, 2018 - 2:36 PM

(UPDATED) Fact-finding investigators say the Boy Scouts of the Philippines sold its property in Makati for P600 million when its true value was P1.75 billion

Former Vice President Jejomar Binay attend hearing on his Falsification of Public Documents, Malversation of Public Funds case at the Sandiganbayan on Friday. Photo by DARREN LANGIT

Ongpin's PhilWeb seeks 3-day trading suspension

Jul 04, 2016 - 5:56 PM

Share price of PhilWeb on Friday July 1 fell by as much as 22 13 on reports that President Rodrigo Duterte wants to stop online gambling

IN DANGER. The steep decline in PhilWeb's stock price would affect the company's plan to raise P6 billion through treasury shares sale. Photo by Aya Lowe/Rappler

Ongpin's PhilWeb to raise P6B for aggressive expansion

Jun 01, 2016 - 7:00 PM

Meanwhile Ongpin s property unit Alphaland says it is in talks with 3 foreign investors

7-11 OF GAMING. PhilWeb does not see Resorts World and Solaire as a threat. Photo by Aya Lowe/Rappler

No conflict of interest receiving wedding sponsors' gifts – Escudero

Feb 06, 2016 - 9:48 AM

The senator reveals his posh wedding was sponsored by Alphaland s Bobby Ongpin owner of the members only Balesin resort

TOAST. Senator Francis Escudero and actress Heart Evangelista celebrate a star-studded wedding reception in Manila. File photo by LeAnne Jazul/Rappler

Lawyer to SC: Stop Binay from leading Boy Scouts

Oct 30, 2015 - 10:06 AM

Lawyer Jesus Nicardo Falcis III says Binay violated the constitutional prohibition against holding dual or multiple offices by heading the BSP while he is vice president

UNCONSTITUTIONAL POST? A lawyer asks the Supreme Court to declare Binay's being national president of the Boy Scouts while he is vice president of the Philippines. File photo by Joel Liporada

Alphaland execs file libel case vs whistle-blower Ernesto Mercado

Oct 14, 2015 - 11:12 PM

Roberto Ongpin and Mario Oreta of Alphaland jointly file a libel complaint against former Makati vice mayor Ernesto Mercado for his allegedly malicious statements

LIBELOUS? Former Makati vice mayor Ernesto Mercado faces a new libel complaint from Alphaland executives. File photo by Mark Cristino/Rappler

Binay still Boy Scouts national president

Jun 20, 2015 - 7:15 PM

The Boy Scouts of the Philippines elects Vice President Jejomar Binay in a motion to observe the organization s status quo How long will he keep his post?

COA questions Boy Scouts deal with Alphaland

Jun 13, 2015 - 8:00 AM

Resident auditors are eyeing ‘negligence’ on the part of BSP officials

Binay apologizes to BSP for controversy

May 22, 2015 - 7:34 PM

Vice President Jejomar Binay tells scout leaders he is dismayed that people are criticizing him who has dedicated his time to serving government and the country

DISMAYED. Vice President Jejomar Binay, shown here swearing in the newly elected executives of the Boy Scouts of the Philippines, says he feels dismayed that people are now criticizing him who dedicated his time to serve. Photo by Karlos Manlupig, Rappler

Junjun Binay's income, bank deals don't match

May 14, 2015 - 7:30 PM

A Court of Appeals resolution says the Makati Mayor s bank transactions are disproportionate to his net worth

BANK TRANSACTIONS. The Anti-Money Laundering Council notes ‘at least 78 large transactions and five notable transactions’ in bank accounts under Mayor Jejomar Binay’s name. Rappler file photo

Kim Henares: Binay ally evaded taxes

Mar 12, 2015 - 2:55 PM

BIR chief Kim Henares says Alphaland president Mario Oreta should have paid income tax for the 5 he supposedly got from the BSP Alphaland deal

TAX EVASION? BIR Commissioner Kim Henares says Alphaland President Mario Oreta may be liable for tax evasion. Photo by Mark Cristino/Rappler

Shadows over Binay’s leadership of Boy Scouts

Mar 07, 2015 - 9:00 AM

In June the BSP will elect a new set of officers amid crisis

MILF returns weapons, Binay allies, Tubbataha damage | The wRap

Feb 18, 2015 - 8:03 PM

MILF returns 16 firearms seized from the SAF Senators say the Vice President’s allies may be liable for money laundering The United States pays the Philippines for Tubbataha reef damages

Boy Scouts ‘so shortchanged’ in Alphaland deal – senators

Feb 18, 2015 - 7:28 PM

The BSP headed by Vice President Binay only asked Alphaland to pay rent on its property a day after the Senate announced in January that it would probe the deal

BOY SCOUTS BOARD 2011. (Left to right) BSP senior vice president Wendel Avisado, secretary general Rizal Pangilinan, international commissioner Dale Corvera, and vice president for Visayas Arthur Umbac are asked by senators on February 18, 2015, to explain why they relied on Alphaland for the valuation of the organization's one-hectare prime property in Makati. Photo by Cesar Tomambo/Senate PRIB

Binay ally ‘making excuses,’ won’t open bank accounts

Feb 18, 2015 - 6:05 PM

Senators say Mario Oreta can be held liable for money laundering tax evasion and fraud over money that he denies was used in the Vice President s campaign

VP’S DUMMY? Alphaland president Mario Oreta, who is accused of using his company to hide Vice President Jejomar Binay’s alleged 5% kickback from a land deal, faces a Senate investigation. Photo by Mark Cristino/Rappler

HIGHLIGHTS: Senate hearing on 'overpriced' Makati parking building | Jan 29, 2015

Jan 29, 2015 - 8:39 AM

What happened in the Senate after the arrest of Makati Mayor Junjun Binay?

Alphaland, Bobby Ongpin sue Ernesto Mercado

Jan 27, 2015 - 5:39 PM

Alphaland says it is determined to ensure that Mercado will suffer the strongest penalties provided by law for making malicious and baseless accusations

SUED. Alphaland and its Chairman Bobby Ongpin sue former Makati vice mayor Ernesto Mercado (in photo) after it accused the company of giving Vice President Jejomar Binay kickbacks from a land deal. Photo by Mark Cristino/Rappler Mark Cristino

Binay witness surfaces, China's reclamation, Japanese ISIS hostages | The wRap

Jan 22, 2015 - 7:00 PM

Another alleged Binay dummy surfaces Photos show China’s massive reclamation on a West Philippine Sea reef The clock ticks for Japanese ISIS hostages

Beyond Makati: Senate resumes Binay probe

Jan 22, 2015 - 5:31 PM

The Senate Blue Ribbon committee resumes its probe into charges against Vice President Jejomar Binay

Rappler file photo

Did Binay use Boy Scout funds for 2010 bid?

Jan 22, 2015 - 8:37 AM

After a hiatus Vice President Jejomar Binay s demons continue to haunt him He is accused of getting close to P200 million in 2010 from a deal between Alphaland and BSP of which he is national president

Wenceslao seeks court relief over Alphaland Marina Club row

Nov 05, 2014 - 7:10 PM

The Wenceslao family says that Ongpin led Alphaland has possessed their land titles covering majority of a marina project in Aseana City

Ongpin: PSE order to delist Alphaland ‘not final’

Sep 10, 2014 - 11:19 AM

The businessman says they will appeal PSE’s decision before regulators and the courts

Photo taken during the annual stockholders' meeting of Alphaland Corporation. Third from L: Alphaland CEO Roberto Ongpin

PSE delists Alphaland

Sep 08, 2014 - 6:18 PM

The company is barred from applying for relisting within 5 years Three of its officials are also disqualified from becoming directors and or executive officers in any company applying for listing

Photo taken during the annual stockholders' meeting of Alphaland Corporation. Third from L: Alphaland CEO Roberto Ongpin

Alphaland to raise P3.4B for 2014 real estate projects

Jul 16, 2014 - 7:45 AM

The Roberto Ongpin led property firm also hopes its proposal to voluntarily delist from the Philippine Stock Exchange will be granted

RAISING FUNDS. Alphaland Corporation is raising about P3.43 billion through issuance of shares to fund real estate projects for this year, pending voluntary delisting petition amid disclosure violations.

Wenceslao hits Alphaland-Ashmore settlement, seeks first right

Jun 26, 2014 - 5:15 PM

Wenceslao says it has right of first refusal over Alphaland shares in their JV before the shares can be offered to the Ashmore group

HONOR THY CONTRACT. Wenceslao Group said it asked Alphaland to “honor its contractual obligations” governing their joint venture to develop the marina project in Aseana City. Image from Alphaland brochure

Shang Properties spends over P20B for simultaneous projects

Jun 24, 2014 - 6:09 PM

The high end property developer is also scouting properties to acquire in Makati Mandaluyong and Bonifacio Global City

IMPROVED AND BETTER. Business as usual for EDSA Shangri-La Hotel as it completed renovation end-March 2014. Photo from EDSA Shangri-La Hotel

Ongpin-led Alphaland to sell 4 prime properties

Jun 06, 2014 - 6:10 PM

The Ongpin led company settles its dispute with UK based Ashmore Group after a bitter boardroom battle

 LETTING GO. Ongpin-led Alphaland ends its legal dispute with UK-based Ashmore group by selling four of its prime properties.

Alphaland sells stake in Shangri-La hotel for P1.7B

Apr 30, 2014 - 6:39 PM

A company source says the Kuok Group made a very attractive offer for its stake

IN BATTLE. Ongpin-led Alphaland is in a legal dispute with UK-based Ashmore group over an alleged simulated sale of shares of the company

Ramon Ang resigns from boards of Ongpin's Alphaland, Philweb

Mar 12, 2014 - 7:44 PM

Ang quits the boards of the companies as the stock exchange initiated delisting procedures against Alphaland

RESIGNED. Businessman Ramon Ang quits the boards of Ongpin-led companies, citing 'time constraint.' Photo by AFP

PSE to delist Alphaland for violations of disclosure rules

Mar 12, 2014 - 7:07 PM

The exchange says the Roberto Ongpin led company repeatedly failed to submit full accurate and timely disclosures of material information

IN BATTLE. Ongpin-led Alphaland is in a legal dispute with UK-based Ashmore group over an alleged simulated sale of shares of the company

Wenceslao Group, Ongpin tussle over Alphaland Marina Club

Feb 25, 2014 - 8:48 AM

The Wenceslao Group asserts that its joint venture partner Roberto Ongpin is selling shares for the project outside the joint venture

ALPHALAND MARINA CLUB. The Wenceslao Group says its partner in the joint venture is selling shares for the project outside of the joint venture. Image from Alphaland brochure

Ongpin-led Alphaland to hold rights offer in Feb

Jan 29, 2014 - 3:15 PM

The property company will hold a stock rights offering to small shareholders to protect them from dilution following a recent capital call

BATTLE. Ongpin-led Alphaland is in a legal dispute with UK-based Ashmore group over an alleged simulated sale of shares of the company

Ongpin vs Ashmore: The real deal

Jan 28, 2014 - 2:00 PM

It seems the criminal case is a secondary issue in the Ongpin Ashmore saga The core is money

Ongpin group sues Ashmore execs over 'simulated' share sale

Jan 22, 2014 - 12:32 PM

Ongpin led Alphaland claims Ashmore s sale of 2 5 stake in the company was a simulation and the British equity fund still owns the block of shares

Ongpin group hikes Alphaland stake to over 50%

Jan 21, 2014 - 7:06 PM

The Ongpin group raises its stake amid a boardroom battle with London based private equity fund Ashmore

CONTROVERSIAL. Businessman Roberto "Bobby" Ongpin ends of his group's partnership with UK fund Ashmore in Alphaland. Photo by AFP

Plane overshoots Balesin airstrip, no one hurt

Oct 20, 2013 - 6:34 PM

A chartered flight overshoots the Balesin Island airstrip while a small jet hits a man on board a motorcycle at an airport in Bukidnon

PLDT mulls Google-like office

Sep 27, 2013 - 9:27 AM

Philippine Long Distance Telephone Co PLDT is considering moving its headquarters to a new campus type location for its member companies

GOOGLEPLEX IN MANILA? Giant PLDT is considering a new campus type headquarters. File photo by AFP

PLDT plans sale of idle properties

Aug 08, 2013 - 9:31 AM

The telco giant eyes to raise about P5 billion

PROSPECT. PLDT undergoes talks with Alphaland regarding the former's HQ migration plans. Screenshot from Alphaland

Alphaland in talks to sell Makati office building

Aug 05, 2013 - 4:00 PM

Alphaland is in talks with several parties including Philippine Long Distance Telephone Co for the sale of its prime office property in the Makati central business district

FOR SALE. Ongpin-led Alphaland is selling its prime office building in Makati City. Screenshot of company's website

Confirmed: Ongpin, Ashmore to part ways

Jul 15, 2013 - 9:55 PM

The chairman of the upscale property firm says this is part of the usual 7 year investment cycle not a result of conflict with the London based private equity fund

CONTROVERSIAL. Businessman Roberto "Bobby" Ongpin confirms the end of his group's partnership with UK fund Ashmore in Alphaland. Photo by AFP

23% of berths in Alphaland’s Marina Club reserved

Apr 08, 2013 - 10:19 AM

The P2 B club is envisioned to become the country s biggest yacht club which will cater to Filipino and foreign boat lovers

YACHT CLUB. Alphaland's Marina Club is attracting a slow growing but steady demand from customers. This screenshot taken from the website of Alphaland is an artist rendition of the yacht club that is set to open in 2014

Ramon Ang a great manager - Ongpin

Apr 04, 2013 - 4:31 PM

Roberto V Ongpin remains a passive investor in San Miguel Corp

ALPHALAND'S AGGRESSIVE EXPANSION. The high end property developer is launching a series high end developments. Photo by Rappler/AYA LOWE

Alphaland’s Balesin grows to meet demand

Apr 04, 2013 - 8:55 AM

Ongpin led Alphaland is seeking the government s approval to fly in foreign tourists who are members of the upscale leisure estate straight to its airstrip

DIRECT FLIGHTS. Alphaland Corp. is seeking the government's approval to fly in foreign tourists who are members of the upscale leisure estate straight to its airstrip. Photo by Rappler

Boracay Gateway launch to coincide with airport completion

Apr 03, 2013 - 11:59 AM

Alphaland Borocay Gateway completion to coincide with the completion of Caticlan Airport

HIGH-END TOURIST SPOT. Alphaland Boracay Gateway is at the tip of Panay island and next to tourism face, Boracay island. Boracay Gateway will be anchored by a polo and country club and other recreational activities. Screenshot from the 2009 annual report of Alphaland

Ongpin case no impact on Alphaland - exec

Apr 03, 2013 - 11:10 AM

Roberto Ongpin s court case has not affect Alphaland s financials

FROZEN ASSETS. Alphaland boss Mario Oreta (right) says the frozen assets of the country's 11th richest, Roberto V. Ongpin (left) have no impact on the property firm. Photo by Aya Lowe/Rappler

Ongpin-led Alphaland earns P2-B in 2012

Apr 02, 2013 - 10:38 PM

The high end property development firm led by Roberto Ongpin earned 5 more in profits in 2012

11 Filipinos among world billionaires

Mar 04, 2013 - 10:38 PM

Eleven Filipino billionaires make it to the Forbes 2013 list of world billionaires

Shares of Ongpin-led Alphaland jump 50%

Mar 01, 2013 - 6:47 PM

The shares of Roberto Ongpin s property firm Alphaland soared 50 to P29 25 when it resumed trading on March 1

ACTIVE AGAIN. The shares of Alphaland resume trading on March 1 after a 2-month suspension. Screenshot of homepage

Alphaland meets PSE public float rule

Feb 21, 2013 - 8:01 PM

The property developer sells more shares to comply with the 10 minimum public ownership requirement

Ongpin leaves PBCom post

Jan 02, 2013 - 1:20 PM

The businessman submits his resignation on December 28 2012

RESIGNED. Businessman Roberto Ongpin quits board of PBCom. This photo appears on the commercial bank's 2011 annual report