Tag: president duterte

The future of Hong-Kong listed Landing International’s $1.5bn NayonLanding project could be in doubt in the face of a government inquiry into its land lease contract for the project. President Rodrigo Duterte has ordered the Department of Justice to review the land lease contract between the state-owned Nayong Pilipino Foundation (NPF) and Landing International Development. “The president has instructed a review...

Leisure and Resorts World Corp has stated that its proposed $500m casino resort on Boracay Island, a partnership with Galaxy Entertainment Corp, is “on track to open in 2021.” The claim was made during the Philippines-based developer’s annual stockholders meeting on 27 July, despite contrary assertions from the office of president Rodrigo Duterte. “We’ve been working on the initial plans for...

Galaxy Entertainment Group’s proposed $500m Boracay island resort casino could finally be shelved after president Duterte issued a debarment. The Philippines resort, which was to be closed initially for a six-month environmental rehabilitation, will now be designated a land reform area. “Why would I give you a casino there,” said Duterte. “What will the Filipinos get out of it? Give it...