...MEGAWORLD GLOBUS ASIA, INC V MILA S. TANSECO GR. NO. 181206 OCTOBER 9, 2009 FACTS On July 7, 1995, petitioner Megaworld Globus Asia, Inc. (Megaworld) and respondent Mila S. Tanseco (Tanseco) entered into a Contract to Buy and Sell[1] a 224 square-meter (more or less) condominium unit at a pre-selling project, The Salcedo Park, located along Senator Gil Puyat Avenue, Makati City. The purchase price was P16,802,037.32, to be paid as follows: (1) 30% less the reservation fee of P100,000, or P4,940,611.19, by postdated check payable on July 14, 1995; (2)P9,241,120.50 through 30 equal monthly installments of P308,037.35 from August 14, 1995 to January 14, 1998; and (3) the balance of P2,520,305.63 on October 31, 1998, the stipulated delivery date of the unit; provided that if the construction is completed earlier, Tanseco paid all instalment due up tp January 1998 leaving unpaid balance of P 2,520,305.63 pending delivery of the unit. Megaworld, however failed to deliver the unit within the stipulated period on October 31, 1998 or April 30,1999 the last day of the six moths grace period. A few days shy of three years later, Megaworld, by notice dated April 23, 2002 (notice of turnover), informed Tanseco that the unit was ready for inspection preparatory to delivery.[3] Tanseco replied through counsel, by letter of May 6, 2002, that in view of Megaworlds failure to deliver the unit on time, she was demanding the return ofP14,281,731.70 representing the total installment...
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...1|Page University of Santo Tomas College of Commerce and Business Administration Espana, Manila A Strategic Management Paper Presented to: Mr. Real C. So In Partial Fulfillment of the Requirements for the Course Strategic Management (Entre 7) Presented by: Miguel O. Rodil 4M7 February 2012 2|Page I. EXECUTIVE SUMMARY 3|Page II. TABLE OF CONTENTS 4|Page III. ACKNOWLEDGEMENT 5|Page IV. INTRODUCTION 6|Page V. EXTERNAL ENVIRONMENT ANALYSIS 1. Definition of Industry Table 5.1 Real Estate Industry Classification Industry Supersector Sector Subsector 8000 Financials 8600 Real Estate 8630 Real Estate Investment and Services 8633 Real Estate Holding and Development Industries are the circles in the supply chain diagram. Each industry is a set of firms that operate in the same space in a supply chain, competing to control some of the space and so capture value. Industries have structure, history/trajectories and competitive dynamics that set the context for new entrants. In the Real-Estate Industry organizations primarily engaged in renting or leasing real estate to others; managing real estate for others; selling, buying, or renting real estate for others; and providing other real estate related services, such as appraisal services. Companies that invest directly or indirectly in real estate through development, investment or ownership. Excludes real estate investment trusts and similar entities, which...
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...Promoter We are the representatives of MegaWorld Corporation. I am Aya Mae Aaron currently working at Megaworld Corporation with the position of Sales Manager. I graduated as a nursing student from the start but made my way to the world of sales as my first job due to lack of jobs provided to nurses in the country. At first, I started having problems selling real estate properties but with hard work and sheer determination, I made my way to the top of my chosen career and now reaping the fruit of my success. These are my assistants : Roncan Comintan , Ryan Cinense, Bryan Omar and Karl Guapo. Ryan Cinense is one of the assistant sales manager here in Global City. He previously sold 10 units of condominium in just 2months of being my assistant. Karl Guapo owned 3 units of condominium by working at here MegaWorld Corporation . Introduction Megaworld Corporation is transforming the Metro Manila landscape through a series of large-scale residential and office developments including urban centers integrating office, residential and commercial components. Apart from its core business of property development, Megaworld as a holding company is into merchandise trading as well as hotel and leisure. Megaworld continues to build upon a track record for quality and innovation centered on customer satisfaction through high-caliber projects delivered on time and backed by professional property management and after-sales services. Megaworld is also currently developing Uptown Bonifacio...
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...continuously have a robust during 2015. CRBE Philippines also doesn't see any sign of slowdown in the real estate business until 2016 mainly because a lot of companies are expanding. Despite of the increases in rental rates across all business districts, good news still remains that investors are willing to pay for the quality and value that they can get in the Philippines. Since Real Estate business is one of the most emerging industries in the country, many firms compete in this field. The top three real estate companies in the Philippines are Ayala Land, Inc., SM Prime Holdings, Inc. and Megaworld Corporation. C, R Megaworld Corporation was founded by Andrew Tan and incorporated under Philippine law on August 24, 1989. It is a subsidiary of Alliance Global Group, Inc. and it has a market capitalization of 134.8 billion pesos. It has a ticker symbol of MEG in the Philippine Stock Exchange. Megaworld Corporation, together with its subsidiaries, develops, markets, and...
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...JAPANESE MANAGEMENT Key practices commonly associated with Japanese management techniques include: * in-house training of managers * consensual and decentralized decision-making * extensive use of quality control methods * carefully codified work standards * emphasis on creating harmonious relations among workers * lifetime employment and seniority-based compensation Japanese management philosophy and techniques Nihonteki Keiei, or Japanese-style management, has become a popular phrase in the west. It refers to what people see as substantially different between Japanese management techniques and those widely practiced in the other countries. The differences often cited are: lifetime employment, job rotation, based seniority wage and promotion system, Ringi and consensus decision-making, just in time, quality circles, kaizen, and the suggestion system. Most of these techniques have become well known across the world. However, a successful implementation by western firms requires a critical understanding of their basic principles and operations, while some of the elements need to be critically assessed in the light of the structural problems of the Japanese economy since 1989. Lifetime employment (shushinkoyo) the main objective of offering lifetime employment or a job for life is to provide workers with a sense of security and identity. Once recruited, lifetime employees become members of the corporate family, which will have to take care of them for...
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...I. Introduction A. Real Estate Industry (World & Philippine) Real estate refers to land, as well as any physical property or improvements affixed to the land, including houses, buildings, landscaping, fencing, wells, etc. Vacant land and residential lots, plus the houses, outbuildings, decks, trees sewers and fixtures within the boundaries of the property are examples of real estate. There are a variety of ways to invest in real estate, ranging from real estate investment trusts (REITs) to buying rental property or multi-family housing. For investors turned off by the idea of fixing plumbing and dealing with tenants, REITs offer the opportunity to participate directly in the ownership or financing of real estate projects. REITs are tradable interest (much like a share of stock) in a pool of real estate-related assets. REITs own, and often operate, income-producing real estate such as office buildings, apartments, shopping centers, warehouses and hotels. Many REITs specialize in one property type, such as offices, apartments or regional shopping malls. Most investors buy REITs for their rich dividends, although those dividends are usually fully taxable. Keep in mind, though, that each real estate sector is affected by different economic cycles. Larger, diversified, or geographically dispersed REITs are less exposed to regional weakness and major economic cycles. On the other hand, smaller, more specialized REITs often provide the greatest growth potential. In addition...
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...FUNDAMENTAL ANAYLYSIS OF ALLIANCE GLOBAL GROUP, INC. ____________________________________ Submitted to: Prof. Cruz ____________________________________ Submitted by: REMORIN, Dominique D. ____________________________________ March 2015 Table of Contents A. Economic Analysis * Philippines’ economic forecast……………………………………………………..1 B.Industry Analysis - Background - Porter’s Five Forces of Competitive Strategy C. Company Analysis - Company Background - Board of Directors - Low cost or Differentiation? - SWOT Analysis - Financial Statement D.Recommendation and Conclusion - Conclusions - Recommendations - Buy or do not buy? E. References Economic Analysis Philippines’ Economic Forecast In the Philippines, recovery in exports and expanded private consumption and investment generated gross domestic product (GDP) growth of 6.0% in the first half of 2014. Government expenditure decelerated sharply and public construction fell, partly reflecting cautious spending by government agencies amid concerns over the misuse of government funds.Slightly stronger economic growth is projected through the rest of this year and in 2015 on expectations that post-typhoon reconstruction accelerates, government fiscal disbursement improves, and exports benefit from brighter prospects in the major industrial...
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...PHILIPPINE REAL ESTATE BUBBLE A Demand and Supply Analysis _______________________________ By ANTONETTE ANGELINE ALBAN WILFRED JEROME LEJANO KENNETH RAY QUINTANA ARA LAIZA ROLDAN In partial fulfilment of the requirements for BA201 ECONOMIC ANALYSIS First Trimester 2015 - 2016 Submitted to JOEL C. YU, Ph.D. University of the Philippines Cesar E.A. Virata School of Management OUTLINE I. Introduction a. Statement of the Problem ............................................................. b. Background of the Study and Market Trends ................................ 1. 1997 Asian Financial Crisis 2. The Late 2000 US Property Bubble 3. Real Estate Market Trends II. Analysis of the Philippine Real Estate Industry………………………………….. III. Conclusion ............................................................................................ IV. References………………………………………………………………………………………… Annex A. Major Industry Players Annex B. Further Developments by the Major Industry Players Annex C. Present Global Situation 2 I. INTRODUCTION A. Statement of the Problem The purpose of the study is to determine if there is an impending property bubble in the Philippines, citing current indications similar to the 1997 Asian Financial Crisis and the US Property Bubble in the late 2000, as well as comparisons with the general real estate market trend. B. Background of the Study and Market Trends 1. 1997 Asian Financial Crisis...
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...Philippine Daily Inquirer 6:43 PM | Tuesday, December 2nd, 2014 48 More News from Doris C. Dumlao MANILA, Philippines—The local stock barometer firmed up for the third session in a row on Tuesday despite a generally sluggish regional market. The Philippine Stock Exchange index added 12.5 points or 0.17 percent to close at 7,344.23. All counters were up as investors picked up selected large-cap stocks. Despite the PSEi’s slight rise, there were more decliners (91) than advancers (83) in the broader market. Value turnover amounted to P8.9 billion. Meanwhile, the listing of tech stock Xurpas brought excitement to the market. Its share price rose by nearly 50 percent from the initial public offering price. The PSEi was led higher by Megaworld (+2.38 percent) while RLC, AP and GT Capital all rose by over 1 percent. URC, AC, BDO, SM Prime, Jollibee, EDC and AGI also contributed to the index gains. Outside of PSEi stocks, Melco Crown (+3.56 percent) was one notable gainer ahead of the opening of City of Dreams Manila while SSI and Vista Land gained over 2 percent. On the other hand, share prices of Metrobank, Bloomberry and LTG declined. Local stock brokerage DA Market Securities said that with the market now trading right under the 7,413 major resistance and all-time high, a potential piercing of this level would indicate a more bullish bias. “However, discounted market placements and thinning trading volumes within the holiday season can trigger a bias to test lower major...
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...De La Salle University - Manila College of Business A Strategic Management Paper on SM Development Corporation Submitted by: Encarnacion. Lipana. Raymundo. Rey. Soriano. EXECUTIVE SUMMARY SM Development Corporation (SMDC) was originally incorporated on July 12, 1974 as Ayala Fund, Inc., a closed-end investment company. In March 1986, it was renamed SM Fund, Inc. after the SM Group of Companies took ownership of the company. After which, it stayed as an investment company that managed its investment thru diverse businesses in the country. In May 1996, SM Fund, Inc. was again renamed to SM Development Corporation to better state its new business of property development, whose focus is primarily to enter into the opportunities of the real estate industry. The paper aims to provide a comprehensive analysis on SM Development Corporation’s industry as one of the leading property development companies in the Philippines. Currently, the company is at full-swing with their openings of new condominiums for students, vacationers and business people depending on its location. SMDC has proven to be able to respond to buyers their locations are friendly to their target market and their price range is more affordable while amenities are not constrained. In order for the company to keep its head above their competitors, strategic management should be done. In line with this, the paper will be focusing on details such as the SWOT analysis, financial analysis and the different matrices...
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...What are Blue Chips? Blue Chips are stocks of well-established companies with strong track records. When we refer to blue chips they are often known companies in the country. They are somewhat treated as icons in their respective industries. In terms of financial resources, blue chip companies are known to have large amount of capital. They are known to be profitable, pays regular dividends to its stock holders, and have a good rating on their debts. Image taken from oldvegaschips.com How’s the Performance of Blue Chips? Let’s take one blue chip stock for example. Jollibee Foods Corporation (JFC) has been a great performer in the Philippine Stock Market during the last decade. As you can see in the chart below, the direction of its price is generally upward. JFC is the parent of Jollibee, the country’s leading fast-food chain brand. And if you would add all Chowking, Greenwich Pizza, Red Ribbon, Mang Inasal and Burger King stores it will total to 2,510 food-chains worldwide and a total sales of 82.1 billion pesos (around 2 billion US Dollars). Generated from http://investing.businessweek.com Is it Safe to Invest in a Blue Chips Stocks? All stock market investments has no guarantee of earning you money. Stocks investment is always involved with high risks. The market can go very high but sometimes it can go crashing down. If you plan to do short-term investment only, then I might say that blue chip stocks are not really the best choice. But, is it safe to invest in blue...
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...------------------------------------------------- Top 10 Richest Men in the Philippines of 2010 People say that the Philippine economy is bad but these ten persons who would say otherwise. Find out who made it to the list of the Top 10 Richest Men in the Philippines for 2010, learn from them, and be inspired with their success stories. Henry Sy Being the owner of the SM Group of Companies, who wouldn’t know Henry Sy? For four years in a row, he has been number 1 in the list of the richest men in the Philippines. In 2010, he continued to expand his investments to other industries such as leisure, banking and financial services, and commercial property development in very strategic locations. All his businesses compliment each other so well that his net worth went up to 38 billion USD from only 5 billion USD in 2009. Lucio Tan The government ads that discourage people to smoke and the issues that happened to some of Lucio Tan’s businesses might have affected his income in 2010 but he is still one of the most prominent business magnates in the country. From being an ordinary employee, he is now the owner of the largest tobacco company in the Philippines,Fortune Tobacco. He also expanded his investments to different fields. Among his well-known businesses are Asia Brewery (the 2nd largest brewer in the Philippines), Tanduay Holdings (one of the world's largest rum makers), Philippine Airlines, Philippine National Bank, and Allied Bank. Like the other tycoons, he also ventured...
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...Organizational Chart – Ayala Land Incorporated [pic] |Characteristics |Ayala Land (ALI) |Megaworld |SM Development Corp. | | | | | |Key External Factors |Weight |Rating |Weighted Score | |Opportunities | |1. Household final consumption expenditure for housing, water, electricity, gas, and other fuel increased |0.08 |3 |0.24 | |to 7.2% | | | | |2. 6.8% growth in OFW remittance. |0.09 |4 |0.36 | |3. Average yearly growth rate of 20% of the BPO sector. |0.10 |4 |0.4 | |4. Nationwide expansion of the real estate business in the Philippines reaching out through Luzon, Visayas|0...
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...| Richmonde Hotel Ortigas | | | 3/17/2016 | Case Context and Analysis on Web and BAR | | | Richmonde Hotel Ortigas CASE context on its WEB AND BAR marketing channels COMPANY BACKGROUND Operating since 1999, Prestige Hotels and Resorts, Inc. or PHRI is the inaugural plunge of Filipino-owned Megaworld Corporation into the hospitality industry. Megaworld is regarded as one of the Philippines’ leading urban developers concentrating on large-scale projects set in prime developments geared primarily to the middle and high-income markets. Richmonde Hotel Ortigas or RHO is the first property built and managed by PHRI. It opened its doors in 2000 at the heart of Pasig’s central business district, the Ortigas Center. It is a four-star hotel brand fully committed to meet the preferences of the globetrotting business executive and world-class traveler. Indulging the market to a first-rate and individually tailored style of service, RHO became prominent for its tagline, “Distinctly Richmonde, Distinctly Personal.” INDUSTRY OVERVIEW The hospitality industry is a broad category of fields within the service industry. The majority of business niches are composed of only a handful of different businesses, but this field applies to nearly any company that is focused on customer satisfaction and meeting leisurely needs rather than basic ones. One of the most defining aspects of this industry is that it focuses on customer satisfaction. While this is true of nearly...
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...I. Introduction Luck is only a small part of National Book Store's success. Through the hard work and powerful leadership of Socorro Cancio-Ramos and the late Jose Ramos with their family, the company has evolved from its humble beginnings into the biggest and strongest bookstore chain in the Philippines. The first National Book Store started as a stall shop in Escolta before the Japanese occupation selling supplies, GI novels, and textbooks. When war broke out, strict book censorship forced them to shift their trade to soap, candies, and slippers. They bought their merchandise from wholesalers and peddled them to smaller retailers. Liberation came, but the whole Escolta area was burned to the ground. Having all their stocks reduced to ashes left the couple with nothing but determination and an undying drive to succeed. And their persistence paid off. They were able to rebuild a barong-barong in the corner of Soler and Avenida Rizal in time to catch the post-war business boom. They went back to business using their door as a counter for selling textbooks, notebooks, pad paper, and pencils. Business went very well because during that time, there were only a few stores that sold school supplies and books. National Book Store's opening was strategically timed to welcome the first postwar school year. 1948 brought another trial to the Ramos' life. Typhoon Gene destroyed their store and soaked all the merchandise. But this did not dampen the spirit and tenacity of the couple...
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