To put things in perspective, posted below is the excerpt from the business news report of BusinessWorld. Some parts in boldface…
ROCKWELL LAND Corp. reported a 27.6% increase in attributable net income to P4.73 billion for 2025 from P3.71 billion in 2024, driven by higher residential revenues, growth in leasing income, and gains from the acquisition and consolidation of Alabang Commercial Corp. (ACC).
Total consolidated revenues rose 3.9% to P20.87 billion from P20.09 billion a year earlier, with residential sales accounting for about 75% of revenues, while commercial leasing contributed around 21%, the company said in its annual report released on Wednesday.
Residential revenues increased by 5% on higher project completion, while retail and leasing income grew 6% due to improved rental rates and occupancy.
Earnings were also supported by “the gain on the acquisition and consolidation of ACC” and increased contributions from affiliates.
Expenses rose during the period, with selling expenses increasing 9% due to higher sales bookings and project completions, while interest expense went up 11% on higher borrowing costs and loan balances.
Cost of real estate declined by 5%, partly offsetting the increase in expenses, while interest income fell 18% due to lower returns on contract receivables and short-term placements.
Income before tax rose to P6.72 billion from P5.30 billion in 2024. Provision for income tax increased to P1.41 billion, bringing net income to P5.31 billion for the year.
Reservation sales jumped 62% to P25.3 billion, driven by “strong demand for newly launched projects.”
Let me end this post by asking you readers: What is your reaction to this recent development? Considering the more expensive fuel prices in connection with the ongoing conflicts in the Middle East, do you think Rockwell will still be able to achieve strong growth this year? Do you think they will soon announce a redevelopment of the Alabang Town Center?
For more South Metro Manila community news and developments, come back here soon. Also say NO to fake news, NO to irresponsible journalism, NO to misinformation, NO to plagiarists, NO to reckless publishers and NO to sinister propaganda when it comes to news and developments. For South Metro Manila community developments, member engagements, commerce and other relevant updates, join the growing South Metro Manila Facebook group at https://www.facebook.com/groups/342183059992673
For the newcomers reading this, the ACCC is the private entity that owns and operates ATC. Rockwell Land is the corporation known for the Power Plant Mall and Rockwell Center in Makati City. The Philippine Star news report mentions the ATC operator in the new acquisition.
The front of Alabang Town Center along Madrigal Avenue.
To put things in perspective, posted below is the excerpt from the business news report of BusinessWorld. Some parts in boldface…
Lopez Family-led real estate developer Rockwell Land Corp. has acquired a 74.8% stake in the 17.5-hectare Alabang Town Center for P21.6 billion, expanding its commercial operations in the south.
“Earlier this year, Mr. Francisco ‘Jun’ M. Bayot invited us to consider redeveloping Alabang Town Center. It presented a compelling opportunity for Rockwell Land to further expand our presence in the south of Metro Manila, particularly given the scale and long-term potential of the property,” said Rockwell Land Chief Executive Officer Nestor J. Padilla in a statement on Monday.
“We are very grateful to Mr. Bayot and the Madrigal family for this opportunity. Our immediate focus is on ensuring a smooth transition and planning its redevelopment,” he added.
Alabang Town Center currently hosts more than 500 retail and office tenants, and its size offers significant redevelopment opportunities, the company said. Rockwell Land is known for its flagship mixed-use development, Rockwell Center Makati, anchored by the Power Plant Mall.
“Over the years, the company has enhanced its retail developments by integrating experiential and lifestyle-oriented spaces into its master planning, supported by curated tenant mixes. These efforts have enabled Rockwell Land to establish a strong track record in delivering a high-end retail experience,” it said.
Let me end this post by asking you readers: What is your reaction to this recent development? If you are a resident of Muntinlupa City, do you have any concerns about what would happen to Alabang Town Center under Rockwell’s control? Do you think the planned redevelopment of ATC will eventually make it better in the near future? What improvements do you hope to see at the ATC under Rockwell’s control?
For more South Metro Manila community news and developments, come back here soon. Also say NO to fake news, NO to irresponsible journalism, NO to misinformation, NO to plagiarists, NO to reckless publishers and NO to sinister propaganda when it comes to news and developments. For South Metro Manila community developments, member engagements, commerce and other relevant updates, join the growing South Metro Manila Facebook group at https://www.facebook.com/groups/342183059992673
For the newcomers reading this, Filinvest City is located within the Alabang area of Muntinlupa, and it is connected with both the South Luzon Expressway (SLEX) and the Metro Manila Skyway (which itself is connected to the NAIA Expressway and the North Luzon Expressway) which makes travel connectivity convenient. PLDT itself has its current headquarters in Makati City which has lasted for decades. This new development with Filinvest City adds potential business value to Alabang. It should be noted that Filinvest City also has its own local residents.
To put things in perspective, posted below is the excerpt from the news report of Manila Bulletin. Some parts in boldface…
Filinvest City, the premier township developed by the Filinvest Group, is poised for a transformation with the announcement that PLDT Inc., the nation’s largest integrated telecommunications company, will relocate its headquarters to the Southgate District of Filinvest City.
This strategic move, which involves the development of the country’s first tech campus, signals a game-changing moment for the Garden City, paving the way for a smarter, greener, and more connected urban landscape in Metro South.
The decision to move was revealed in a press statement from Filinvest City, noting that PLDT’s choice of Filinvest City followed years of careful study and strategic planning.
The planned five-hectare PLDT campus, envisioned as the future headquarters for the telecommunications group, is slated for progressive development, with initial phases expected to commence soon.
The project draws inspiration from leading global tech campuses and reflects PLDT’s long-term commitment to fostering an innovative and future-ready workplace.
This campus is part of our effort to build a healthier, more collaborative work environment, said PLDT Chairman and CEO Manuel V Pangilinan. He added that it reflects our belief that the workplace must evolve alongside the industries we serve. We hope it will inspire creativity, encourage teamwork, and support the future of PLDT.
The tech campus is designed not only as a headquarters but also as a hub for innovation, collaboration, and digital transformation, aiming to consolidate talent and technology to cultivate a culture of agility and forward-thinking.
This aligns with PLDT’s dedication to shaping the future of connectivity in the Philippines. The development is projected to create thousands of jobs during both construction and operational phases, boosting demand for residential and commercial spaces and supporting local businesses and startups.
It is also expected to attract professionals and innovators to Metro South, reinforcing Filinvest City’s role as a nexus for future-forward enterprises.
Josephine Gotianun-Yap, Vice Chairperson, Filinvest Development Corporation, noted the transformation of Filinvest City from a quiet stock farm into a vibrant garden metropolis, stating that this was achieved through vision, dedication, and a steadfast sense of purpose. She also said, Filinvest City was designed with intention: to foster an environment where businesses thrive, innovation flourishes, and people live well. We believe a great city is not simply a backdrop to success—but a catalyst for it.” She further added that Filinvest remains committed to continued growth and meaningful collaboration, especially with PLDT, as it pursues its mission to empower Filipinos through meaningful connections, digital inclusion, and sustainable progress.
This landmark project reinforces Filinvest City’s commitment to sustainable and integrated urban planning. As the country’s only central business district holding both LEED Gold and BERDE certifications, Filinvest City is recognized for its green building standards and environmentally responsible design. The city’s master plan embraces the live-work-play philosophy, ensuring a holistic urban experience for its residents, workers, and visitors.
Let me end this post by asking you readers: What is your reaction to this recent development? Do you think PLDT’s upcoming headquarters in Alabang will create many new jobs and add value to Filinvest City as business and investment destination? Do you think this new development will influence other major corporations to consider establishing new headquarters in Alabang? Do you consider Muntinlupa City a more competitive highly urbanized city (HUC) in relation with PLDT’s upcoming Alabang headquarters?
For more South Metro Manila community news and developments, come back here soon. Also say NO to fake news, NO to irresponsible journalism, NO to misinformation, NO to plagiarists, NO to reckless publishers and NO to sinister propaganda when it comes to news and developments. For South Metro Manila community developments, member engagements, commerce and other relevant updates, join the growing South Metro Manila Facebook group at https://www.facebook.com/groups/342183059992673
Recently in Parañaque City, a man who has been wanted in Makati for many counts of qualified theft was apprehended by the local police who were armed with an arrest warrant, according to a Manila Bulletin news report.
To put things in perspective, posted below is an excerpt from the Manila Bulletin news report. Some parts in boldface…
A 27-year-old man wanted for 16 counts of qualified theft in Makati was arrested by members of the Parañaque City Police Warrant and Subpoena Section (WSS) on May 7.
The accused, Ryan Christian, listed by the police as the No. 8 most wanted person (station level) was arrested at around 2:40 p.m. at his residence in Sitio Sto. Nino, San Martin de Porres, Parañaque City.
Ryan Christian was arrested by virtue of a warrant of arrest issued by Judge Rainald Cajurao Paggao, of Makati Regional Trial Court Branch 142, with a recommended bail of P456,000.
Let me end this post by asking you readers: What do you think about this recent development? If you are a resident of Parañaque, are you concerned that there could still be more wanted people from other cities or provinces hiding in Parañaque’s local communities??
For more South Metro Manila community news and developments, come back here soon. Also say NO to fake news, NO to irresponsible journalism, NO to misinformation, NO to plagiarists, NO to reckless publishers and NO to sinister propaganda when it comes to news and developments. For South Metro Manila community developments, member engagement, commerce and other relevant updates, join the growing South Metro Manila Facebook group at https://www.facebook.com/groups/342183059992673
Recently a Vietnamese national who turned out to be a wanted person over kidnap and rape was arrested by immigration officers at Terminal 3 of the Ninoy Aquino International Airport (NAIA), according to a Philippine News Agency (PNA) news article.
To put things in perspective, posted below is an excerpt from the PNA news article. Some parts in boldface…
Bureau of Immigration (BI) officers at the Ninoy Aquino International Airport (NAIA) Terminal 3 in Pasay City have arrested a Vietnamese national wanted in the country for abducting and raping a Chinese woman in 2023.
In a news release Monday, BI Commissioner Joel Anthony Viado said Nguyen Hu Mai, 48, was intercepted at the NAIA Terminal 3 while attempting to flee aboard a Cebu Pacific flight to Saigon last March 21.
The foreigner was immediately referred to supervisors for secondary inspection after his name prompted a positive hit in the centralized derogatory database of the bureau.
“Our supervisors were able to establish that the passenger and person appearing in our watchlist are one and the same. He was thus stopped and arrested by our airport personnel,” he added.
Nguyen was immediately turned over to the BI’s border control and intelligence unit (BCIU) and later transferred to the bureau’s detention facility in Camp Bagong Diwa, Taguig City.
According to BI-BCIU chief Ferdinand Tendenilla, Nguyen has been on the wanted list of the BI since March 10 when he and two Chinese nationals were charged with deportation for being undesirable aliens for being prime suspects in the kidnapping and rape case.
Police investigators alleged that on March 2, 2023, the three foreigners kidnapped a Chinese woman inside her condominium unit in Makati City.
Let me end this post by asking you readers: What is your reaction to this recent development? Do you think there could be more personnel of the Bureau of Immigration who are engaged in illegal activities that the national authorities have yet to find? Do you think that the syndicates behind human trafficking are a threat to national security?
To put things in perspective, posted below is an excerpt from the GMA news report. Some parts in boldface…
Philippine Offshore Gaming Operators (POGOs) appear to be trying to evade the authorities by forming smaller groups and setting up in residential areas, the National Bureau of Investigation said amid a raid on a group of alleged scammers.
In a report by John Consulta on 24 Oras on Tuesday, 17 foreigners were arrested in the raid on a residential unit in Makati City. They were caught at their workstations for alleged scamming activities, including love scams and crypto scams.
“Pag nakakuha sila ng pool of information, magko-conduct sila ng background investigation kung sino ang target nila. Pag nakita nila yung pattern, yung character, yung hobby, yung daily activities at the same time yung longings ng kanilang victims, ie-engage nila through social engineering,” said National Bureau of Investigation (NBI) Cybercrime Division Chief Jeremy Lotoc.
(When they get a pool of information, they will conduct a background investigation on their target. When they see the pattern, the character, the hobby, the daily activities, and at the same time the longings of their victims, they will engage through social engineering.)
“Merong hacker, merong buyer ng data. May nakita kaming program-coded script na pwede magamit to access other systems without the authority nor consent of the system owner we assume meron silang activity in terms of hacking,” Lotoc added.
(There is a hacker, and there is a buyer of data. We found a program-coded script that can be used to access other systems without the authority or consent of the system owner. We assume they have activity in terms of hacking.)
The National Bureau of Investigation (NBI) said they are from big Philippine Offshore Gaming Operator (POGO) companies.
“Yung malalaking POGO, nag-group sila into smaller group, nag-o-occupy ng residential units, apartments, para hindi mahalata na POGO, yun pa rin. To continue their scamming activities,” said NBI Director Jimmy Santiago.
(These big POGOs form smaller groups and occupy residential units so that they can’t be detected. Then they continue their scamming activities.)
The NBI is already examining the computers to obtain the details of their victims, while an inquest has already been conducted on those arrested and they are facing online fraud complaints and the violation of the Cybercrime Prevention Act.
Let me end this post by asking you readers: What is your reaction to this recent development? Are you concerned that there could be these small POGO-related units secretly operating within the residential communities near you? Has there been a raid in your local community in connection with POGOs, scamming and hacking?
If you are based south of Metro Manila and you intend to visit Pampanga without having to endure the stress of driving through vehicular traffic, then the high-tech train just might be the viable option as the North-South Commuter Railway (NSCR) promised quick travel in the future, according to a GMA Network News report.
To put things in perspective, posted below is an excerpt from the GMA news report. Some parts in boldface…
The North-South Commuter Railway (NSCR) promises commuters from Buendia in Makati or Alabang, Muntinlupa to reach the Clark International Airport in Pampanga in less than an hour.
In Joseph Morong’s report in 24 Oras on Thursday, the high tech train system stretches from Calamba, Laguna to Clark, Pampanga.
The West Valenzuela-Clark segment of the North-South Commuter Railway (NSCR) will be the first to open and will operate in the first quarter of 2028, the Department of Transportation (DOTr) said.
The report said that the Balagtas Station in Bulacan is 95% complete and expected to be the first one to be completed. Meanwhile, the Clark Station beside Clark International Airport is 80% done.
But the whole project itself is just 40% done, as the DOTr is facing a challenge in the right of way particularly in the Valenzuela to Sucat, Paranaque segment.
“Dadaan po tayo sa Buendia, sa EDSA (It will pass through in Buendia and in EDSA) … and then we will have to relocate 13,000 informal settlers from Manila to Calamba,” said Transportation Undersecretary for Rails Jeremy Regino. Hence, the whole NSCR project is expected to be completed by 2031.
The NSCR system boasts 51 train sets that are similar to ones operating in Japan. The train line also promises 40 minutes of travel from Buendia to Alabang. Further, the DOTr said the fare for NSCR will be affordable.
Let me end this post by asking you readers: What is your reaction to this recent development? If you are a resident of Muntinlupa City, would you consider going all the way to Pampanga by train?
For more South Metro Manila community news and developments, come back here soon. Also say NO to fake news, NO to irresponsible journalism, NO to misinformation, NO to plagiarists, NO to reckless publishers and NO to sinister propaganda when it comes to news and developments. For South Metro Manila community developments, member engagement, commerce and other relevant updates, join the growing South Metro Manila Facebook group at https://www.facebook.com/groups/342183059992673
Recently Muntinlupa City hosted the 2024 edition of the Flavors of NCR food festival at the Filinvest City Central Park in Alabang and I personally witnessed the formal opening ceremony which involved many high-level officials and special guests. A lot of people visited the food festival on April 19 and 20 which added to the credibility of Filinvest City Central Park as a suitable open-air venue for special events.
For the newcomers reading this, Flavors of NCR is a special event presented by the Association of Tourism Officers – NCR which collaborated with the City Government of Muntinlupa for this year’s event. It is a showcase of unique cuisine found in the sixteen cities and one municipality of the National Capital Region (NCR). The local government units (LGUs) that participated include: Caloocan, Las Piñas, Makati, Malabon, Mandaluyong, Manila, Marikina, Muntinlupa, Navotas, Parañaque, Pasay, Pasig, Quezon City, San Juan, Taguig, Valenzuela, and the Municipality of Pateros.
Event launch
The ribbon cutting led by high officials that include Taguig City Mayor Lani Cayetano (3rd from left), Muntinlupa Mayor Ruffy Biazon (3rd from right) and Department of Tourism-NCR Regional Director Sharlene Zabala-Batin (2nd from left) to name a few.
The opening ceremony of Flavors of NCR 2024 was attended by Muntinlupa City Mayor Ruffy Biazon, Taguig City Mayor Lani Cayetano, Department of Tourism-NCR Regional Director Sharlene Zabala-Batin, Association of Tourism Officers-NCR headed by Manila City Tourism chief Charlie Dungo, and Pasay City chief of staff Peter Eric Pardo. Also present were Muntinlupa Vice Mayor Temy Simundac and Muntinlupa City Council Raul Corro.
“We are delighted to host the Flavors of NCR,” Mayor Biazon stated during his welcome remarks to all the guests. “(We acknowledge) the presence of other cities here so that their products will be showcased and we are proud to have you here.”
Biazon stressed that hosting the Flavors of NCR opens up opportunities for Metro Manila’s LGUs and their respective food-and-beverage stakeholders access to the Calabarzon region composed of Cavite, Laguna, Batangas, Rizal and Quezon with a collective population of over sixteen million people.
It should be noted that the Alabang area of Muntinlupa is a popular destination for Calabarzon residents as well as those from nearby cities who enjoy shopping and recreational activities during the weekend. That being said, Flavors of NCR fits nicely with the weekend vibe at Filinvest City.
After the formal ribbon-cutting was done, Flavors of NCR 2024 officially opened and a lot of people and photographers followed Biazon and the guests visit the different food booths of each city.
Each LGU and their best
I visited and explored the designated areas (also referred to as “booths”) of each LGU during the food festival. Each area had a different style of interiors and layouts of food, drinks and other products being offered to visitors. There were also chairs and tables present for those who need to seat down and eat. Check out my raw YouTube videos plus pictures below…
Native delicacies on display for sale at the Las Piñas City booth.
Burger patties being cooked at the Mandaluyong City area.
Delicious halo-halo from Aling Consuelo Halo-Halo sa Ugbo. This was sold at P100 each.
Marikina City had four sellers that attracted customers during the food festival.
Drinks, dessert and other stuff offered to customers at the Las Piñas City booth.
As expected, the variety of food and drinks were really great. Offered to customers were chicken, beef, pork, siomai, barbeque, puto, bibingka, pansit, siopao, fried chicken, roasted pig, pastries, cakes, halo-halo and ice cream to name some. There were also non-food products being sold such as bags and accessories in some booths.
The Muntinlupa City area.
Sea food and other food items being sold at the Parañaque City booth.
Fried chicken being prepared for customers.
The best of Muntinlupa City offered to customers.
Food and bags for sale inside the booth of Malabon City.
It was really nice to see these small businesses represent their locality and offered their best products to visitors at Filinvest City Central Park. Adding zest to the food festival were some performances by different bands from the cities of NCR. There also was a modern dance activity that drew in lots of visitors which added to the customers at the food festival.
Conclusion
The 2024 edition of Flavors of NCR at Filinvest City Central Park was indeed a nice showcase of what each LGU had to offer for those who love food and drinks. In addition, this festival really emphasized unity between the local governments of NCR and it also promoted local tourism. The festival also attracted some residents of Filinvest City’s residential towers (plus others from Ayala Alabang, Palms Pointe Village and other residential communities) and some employees (who worked at offices near the park) whose shifts ended.
In the perspective of tourism, this event really boosted Filinvest City Central Park’s status as a venue for special events or activities. To date, the said park continues to be an attraction for visitors and already it has been used by organizers of sports events and musical events.
This was taken during Saturday night.
The successful staging of Flavors of NCR could inspire food festival organizers to have their events held within Filinvest City in the future.
Let me end this post by asking you readers: Were you able to attend Flavors of NCR at the central park in Filinvest City? If you did, how was your experience? Do you wish to see another food festival to be held at Filinvest City Central Park soon?
For more South Metro Manila community news and developments, come back here soon. Also say NO to fake news, NO to irresponsible journalism, NO to misinformation, NO to plagiarists, NO to reckless publishers and NO to sinister propaganda when it comes to news and developments. For South Metro Manila community developments, member engagements, commerce and other relevant updates, join the growing South Metro Manila Facebook group at https://www.facebook.com/groups/342183059992673
Recently in the City of Manila, local police officers arrested transwoman (note: Transgendered woman who is actually male but identifies as female) for extorting money from a student lover, according to a Manila Bulletin news report.
To put things in perspective, posted below is an excerpt from the Manila Bulletin news article. Some parts in boldface…
A transwoman was arrested by operatives of the Manila Police District (MPD) for allegedly extorting money from his lover in Ermita, Manila on Thursday, March 14.
MPD identified the suspect as Justine, 25, a resident of Makati City.
The suspect was arrested in an entrapment operation after his 24-year-old victim, a student, reported him to the police.
Prior to the suspect’s arrest, the victim said he met the suspect on an online dating application.
He said that after a while, they became online sweethearts before they decided to meet in person in Makati City.
The victim said that during their meet-up, he and the suspect had a sexual encounter, but he did not know that the suspect was filming it.
He said that the suspect suddenly demanded P10,000 from him, threatening that he would use the sensitive video as a content on his social media account if he would not give him the money.
The threat prompted the victim to report the suspect who was nabbed in an entrapment operation inside a convenience store on United Nations Avenue in Ermita.
In a media interview, the victim said that he only found out late that the suspect was a transwoman.
Confiscated from the suspect’s possession were an iPhone and the P10,000 marked money.
Let me end this piece by asking you readers: What is your reaction about this recent development? Are you concerned that someone in your family could be engaging with strangers through online dating applications? Did someone from your local community became a victim of a transgendered crook? Do you think that a lot of extortionists, LGBTQ people and scammers are taking advantage of users on online dating applications?
The progressive City of Muntinlupa made positive waves recently as the Department of the Interior and Local Government (DILG) published its findings confirming that the said city passed along with five other Metro Manila cities, according to a Manila Bulletin news report.
To put things in perspective, posted below is the excerpt from the Manila Bulletin report. Some parts in boldface…
The Muntinlupa City government has passed the Good Financial Housekeeping (GFH) of the Department of the Interior and Local Government (DILG).
The DILG released the list of LGUs in Metro Manila which passed the GFH as of November 2021. These are Muntinlupa, Las Pinas, Makati, Quezon City, Pasay, and Pasig.
According to the DILG, the criteria to pass the GFH are that the most recent available Commission on Audit (COA) Audit Opinion is unqualified or qualified for 2019 or 2020, and compliance with the full disclosure policy (FDP) including posting of financial documents in three conspicuous places and in the FDP portal for 2020 (all quarters) and 2021 (first quarter).
In a past circular, the DILG defined GFH as “an LGU that exhibits compliance with accounting and auditing standards, rules and regulations i.e. with an Unqualified or Qualified COA Opinion of the immediately preceding year; as well as Compliance with the Full Disclosure Policy of Local Budget and Finances.”
Let me end this piece by asking you readers: If you are a Muntinlupa City resident, what is your reaction to this recent development? Does this make you more confident in the way the City Government does financial housekeeping? Is Muntinlupa a good example for other cities to follow?
For more South Metro Manila community news and developments, come back here soon. Also say NO to fake news, NO to irresponsible journalism, NO to misinformation, NO to plagiarists, NO to reckless publishers and NO to sinister propaganda when it comes to news and developments. For South Metro Manila community developments, member engagements, commerce and other relevant updates, join the growing South Metro Manila Facebook group at https://www.facebook.com/groups/342183059992673
Author Carlo Carrasco 