By James A. Loyola Mass housing developer 8990 Holdings, Inc. is seen to weather the threats looming over the property industry even though its president and chief executive Jesus Januario Atencio III will be stepping down by the end of the year. Atencio announced that he will be retiring before...
By James A. Loyola Top affordable housing developer 8990 Holdings remained bullish on the prospects of 2017 despite its expected slow start for the year when first semester net income declined to P1.2 billion. In a briefing, 8990 investor relations officer Tracy Ilagan said net income was down 44 percent...
By James A. Loyola Top mass housing developer 8990 Holdings, Inc. is spending P452 million for the construction of a mall in its Urban Deca Homes project in Tondo, Manila. In an interview after the mall’s groundbreaking ceremony, 8990 Holdings President and CEO Januario Jesus Atencio said the mall is...
By Bernie Cahiles-Magkilat and James A. Loyola The business community has mixed reaction to President Duterte’s second State of the Nation Address (SONA). George T. Barcelon, president of the country’s largest business organization the Philippine Chamber of Commerce and Industry (PCCI), said the President touched on a lot of issues...
By James A. Loyola Top mass housing developer 8990 Holdings reported a 29 percent drop in net income to P736 million in the first three months of 2017 from the P1.0 billion in the same period last year. The firm said this is due to lower than expected sales and...
By James A. Loyola Top mass housing developer 8990 Holdings, Inc. has launched two projects in Mactan, its largest ventures in the Visayas, with a total project value of P10.7 billion. In a statement, 8990 said its newest projects, DECA Homes Mactan Prime and Urban DECA Homes Mactan in Lapu-Lapu...
By James A. Loyola Leading mass housing developer 8990 Holdings, Inc. is bullish about the company’s prospects this year, aiming for a 41.7 percent jump in earnings amid a generally more stringent permitting and licensing environment. In a disclosure to the Philippine Stock Exchange, 8990 President Januario Jesus Gregorio...
In recognition of acquiring 40,000 prepaid customers in December, Meralco held an appreciation breakfast with the distribution utility’s key partners. Through prepaid electricity, Meralco customers can monitor and control their electricity consumption through SMS notifications, thus allowing them to save an average of 20%. These customers expressed satisfaction and delight with...
By Bernie Cahiles-Magkilat Tondo Holdings Corporation (THC), a wholly-owned subsidiary of mass housing developer 8990 Holdings, Inc., is investing P10.2 billion for the construction of 13-storey residential buildings in Tondo, Manila at a price range of P700,000 to R2 million per unit. The Board of Investments (BOI) said it...
By James A. Loyola Top mass housing developer 8990 Holdings, Inc. is planning to spend a total of P12.5 billion next year for land acquisition and the construction of residential units. In an interview, 8990 President Januario Jesus Atencio said this consists of P3 billion to P5 billion for capital...
