Filinvest Hospitality is enhancing its established hotel brands and introducing new hotel and food and beverage (F&B) offerings to provide exceptional travel experiences and support local tourism. In 2023, the hospitality arm of Gotianun-led Filinvest Development Corporation, achieved a notable 48 percent revenue increase to ₱2.9 billion, driven by better occupancy rates, higher average room rates, and increased contributions from its F&B outlets.
Category: News
EastWest Bank launches new Business Class segment to kick off its 30th Anniversary
EastWest Bank launched its new Business Class segment at the premier Mimosa Plus Golf Course at Filinvest Mimosa+ Leisure City. The event, which also kicks off its 30th Anniversary, brought together business leaders, entrepreneurs, and media representatives from across the country for a day of golfing, networking, and celebration. The response was overwhelming, highlighting the strong interest and enthusiasm for EastWest’s innovative offerings and future initiatives.
Isabelle Gotianun Yap, Women Leaders Join Filinvest Board
Filinvest Development Corporation (FDC) recently welcomed EastWest Bank’s Executive Director Isabelle Gotianun Yap and two other women leaders to its board of directors, further emphasizing the company’s commitment towards embracing inclusion at the highest levels of the organization. Joining Yap as FDC’s new board of directors are Atty. Marievic G. Ramos- Añonuevo and former Philippines Treasurer Mina C. Figueroa. The company’s board of directors comprises five women out of seven members, marking a significant step forward on gender parity and diverse leadership.
Filinvest’s flagship project achieves 8 million safe man-hours
In an industry where safety is paramount, achieving significant milestones is not just a cause for celebration; it is a testament to the dedication and commitment of every individual involved. Filinvest’s flagship power project, the FDC Misamis Power Corporation 3×135 MW Baseload Thermal Power Plant in Villanueva, Misamis Oriental, a leading energy player in the Mindanao region, reached a remarkable feat, clocking in 8 million safe man-hours without any lost-time incidents since its commercial operations in 2016.
Our Lady of Lourdes Chapel: a haven of faith and prayer, bags prestigious international awards
Our Lady of Lourdes Chapel, a community chapel at the heart of Filinvest City in Alabang, Muntinlupa City, earned a spotlight at the most sought-after Asia Pacific Property Awards for its spiritual significance and architectural design.
FILRT and Genpact Sign Sixth Expansion in Northgate Cyberzone
Filinvest REIT Corp. (FILRT) today announced it has signed an agreement with GENPACT SERVICES LLC (PHILIPPINE BRANCH) (Genpact), a global professional services and solutions firm delivering outcomes that shape the future, for Genpact’s expansion in Northgate into the iHub 1 Building.
FDC 1Q24 net income grows by 36% to P2.9B
Filinvest Development Corporation (FDC) reported a growth of 36 percent in net income attributable to equity holders of the parent company of ₱2.9 billion in the first quarter of 2024 from ₱2.2 billion in the same period last year, while consolidated net income rose by 27 percent to ₱3.7 billion.
Filinvest discusses development plans in New Clark City at the EJAP-BCDA Clark Forum
Filinvest Land Inc. (FLI) underscored its vision and commitment to support the development of the Clark ecozone through its projects in the area during the recent EJAP-BCDA Clark Forum held at the New Clark City Athletics Stadium. FLI Senior Vice President and Business Unit Head for Industrial and Logistics Francis V. Ceballos was invited as a speaker in the forum attended by media practitioners.
FDC declares 58% increase in dividend per share underscoring robust growth
Filinvest Development Corporation (FDC) reported a growth of 36 percent in net income attributable to equity holders of the parent company of ₱2.9 billion in the first quarter of 2024 from ₱2.2 billion in the same period last year, while consolidated net income rose by 27 percent to ₱3.7 billion. The growth was achieved on the back of strong contributions from the banking, power and property businesses. Total revenues and other income rose by 28 percent to ₱26.4 billion, faster than the increase in costs and expenses of 25 percent to ₱21.6 billion.
Filinvest Group to Fast Forward Sustainability: Energy Efficient Buildings Leading the Change
The Filinvest Group is in constant move to drive synergy and redefine the role of the conglomerate in the growth and success of its diverse businesses. As it explores new investments and further strengthens its businesses, it also aims to demonstrate that at the heart of its operations is the purpose of continually enabling dreams for more Filipinos.