Feb 282014
 
ALI opens Fairview Terraces

MANILA, Philippines – Ayala Land, Inc. yesterday unveiled public Fairview Terraces, its latest mixed business and commercial development in Quezon City. Fairview Terraces is a 5.8 hectare mixed –used development along Quirino Highway in Novaliches with 68, 700 square meters of lease space in its shopping complex and 10,000 square meters of lease area in its soon-to-rise corporate center. Bearing Ayala Mall’s signature architectural and green design, the shopping and corporate center features gardens that lend a relaxing ambiance to alfresco dinning, an activity center for concerts and other activities and a business center that would open in the middle part of the year. Ayala Land officials said care was taken in designing the complex to preserve the existing trees in the complex. The shopping and dining complex offers a lively mix of 420 establishments that include popular foreign fashion brands such as Superdy and American Eagle to name a few, as well as home-grown apparel brands like Team Manila. Dining options in the mall complex range from casual venues to concept restaurants. Business ( Article MRec ), pagematch: 1, sectionmatch: 1 The shopping complex also hosts a Puregold supermarket. The Fairview Terraces Corporate Center promises to be a viable office address for professionals north of Metro Manila who are looking for a balance between work and play. “This is our latest and one of our best developments,” said Ayala Land president and CEO Antonio Aquino during the mall launch yesterday. Ayala Land has established a firm foothold in the Read More …

Feb 262014
 

FOREIGN governments, embassies, diplomatic missions and international organizations located in the Philippines are granted immunity from taxes on their employees’ salaries, regardless of the workers’ nationality. In other words, such organizations are not treated as withholding agents of the Philippine government.

Feb 252014
 
Peso dips midday Wednesday

MANILA, Philippines – The peso weakened further against the dollar midday Wednesday, settling at 44.659 after the morning session from the previous day’s 44.63. Total volume transacted at the Philippine Dealing System amounted to $540.1 million as of Wednesday afternoon, higher than the $513.7 million posted in the same period on Tuesday. The peso opened on Wednesday at 44.665.