Friday, February 23, 2024

Tag: president duterte

Duterte orders review of Landing International’s land lease with state-owned corporation

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...

Boracay Island once again proves battleground for Duterte

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’s Boracay plans finally succumb to Duterte’s decree

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...