Singapore-based hotel chain investing
long-term in the country
By Angelo S. Samonte, Reporter
Singapore-based hotel and resort
operator Banyan Tree Holdings Ltd. will invest $80 million in
building two hotels in Palawan, which are expected to be completed
in 2010.
Ho Kwon Ping, the executive
chairman of Banyan Tree, said this initial investment is a portion
of a major long-term investment plan by Banyan Tree in the
Philippines, adding the company may expand to other parts of the
country to build similar businesses.
COTABATO CITY: The Government of
the Republic of the Philippines (GRP), Moro National Liberation
Front (MNLF) and influential Organization of Islamic Conference (OIC)
have agreed to hold a second round...
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