The Alabang Hills Village Association (AHVA) recently announced that all booth slots for their upcoming Sip & Stroll: An Early Christmas Bazaar has been filled up. The bazaar is all set to happen on November 21 and 22, 2026, from 10AM to 8PM at the Phase 2 park grounds.
To put things in perspective, posted below is an excerpt of the AHVA’s official announcement. Some parts in boldface…
With 30 food and beverage vendors and 45 dry goods and lifestyle vendors, there’s plenty to discover! From mouthwatering eats, refreshing drinks, and sweet treats to unique Christmas gifts, fashion finds, accessories, home décor, toys, and more — there’s something for every taste and every shopping list.
Add live acoustic music, DJs, games, and you’ve got the perfect excuse to gather family and friends!
November 21–22, 2026
10:00 AM–8:00 PM
Phase 2 Park Grounds, Alabang Hills Village
Browse our vendor lineup, mark your calendars, and come sip, stroll, shop, and celebrate with us!
In addition, the AHVA posted the full list of the dried goods vendors which you can see below. This shows that there will be a wide variety of products offered to shoppers and visitors. There could be something for you to buy for Christmas gift-giving. Pay attention to the image posted below.
Official list of dried goods vendors. (source – AHVA website)
The Phase 2 park grounds is the main venue of Sip & Stroll: An Early Christmas Bazaar, and both the covered basketball court and the pickleball court (formerly the badminton court) will be used too.
For the non-residents who have private vehicles (without Alabang Hills Village stickers) and intend to attend the bazaar, be ready to leave your ID card at the village gate and tell them were you are headed. Once inside, it is a must that you should follow their rules and speed limits at all times. Be aware that finding available parking spaces can be a bit of a challenge and remember to always be respectful to the nearby homes.
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
If you want to do early shopping for Christmas, then you should watch out for Sip & Stroll: An Early Christmas Bazaar which will take place on November 21 and 22 (Saturday and Sunday, 10AM to 8PM), 2026, at the Phase 2 Park Grounds inside Alabang Hills Village.
Details of the early Christmas bazaar. (source – Alabang Hills Village website)
Having attended Christmas bazaars inside Alabang Hills Village myself many times in the past, I anticipate that there will be a lot of sellers who will collectively offer a lot of options to shoppers such as clothes, handcrafted materials, home décor, footwear, accessories, toys, food and beverages, and many other things that can make good gifts to give with Christmas in mind.
The Alabang Hills Village Association (AHVA) first announced the early Christmas bazaar through its website with a message aimed at the village residents. Alabang Hills residents were given 15 days to register as bazaar sellers/vendors.
Sponsorship packages – On September 16, the AHVA announced that it is searching for bazaar partners and they offered four partnership packages with varying rates. The three highest packages include sponsor booths, mentions in event circulars, display of tarpaulins and more. For transparency, look at the image below and pay attention to the details.
The sponsorship packages offered by AHVA. (source – Alabang Hills Village website)
As mentioned earlier, the Phase 2 Park Grounds is where the bazaar will be held. Locate there are basketball court and the badminton court which were used in previous bazaars. For the location of the Phase 2 basketball court, click https://maps.app.goo.gl/ofBxyXKYkaTV2Sxs7
Non-residents who have private vehicles (without Alabang Hills Village stickers) and intend to attend the bazaar, be ready to leave your ID card at the village gate and tell them were you are headed. Once inside, it is a must that you should follow their rules and speed limits at all times.
Let me end this post by asking you readers: Are you looking forward to Sip & Stroll: An Early Christmas Bazaar this November? If you have visited a Christmas bazaar inside Alabang Hills Village in the past, how was your shopping experience and were you able to find the items you wanted?
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 progressive City of Muntinlupa, a motorcycle rider died when a tree fell down on him along National Road. As such, the City Government will provide assistance to the family of the victim and no less than Mayor Ruffy Biazon confirmed it, according to a Manila Bulletin news report.
To put things in perspective, posted below is an excerpt from the news report of the Manila Bulletin. Some parts in boldface…
Mayor Ruffy Biazon said the city government will provide assistance to the family of a motorcycle rider who was killed when a falling tree hit him on March 11.
“Lubos akong nakikiramay sa pamilya ng motorcycle rider na nasawi matapos mabagsakan ng puno sa National Rd. kagabi. Ang Pamahalaang Lungsod ng Muntinlupa ay nakikipag-ugnayan na sa kanyang pamilya para magbigay ng assistance at iba pang kinakailangang tulong sa abot ng ating makakaya (I extend my deepest condolences to the family of the motorcycle rider who died after being hit by a tree on National Rd. last night. The Muntinlupa City Government is already coordinating with his family to provide assistance and other necessary help to the best of our ability),” Biazon said.
“Kasabay nito, ongoing na rin ang masusing imbestigasyon tungkol sa insidente. Ipinag-utos ko rin ang inspection at agarang cutting o trimming ng mga puno sa mga lugar na maaaring magdulot ng panganib, para maiwasan ang kaparehong trahedya sa hinaharap. Maraming salamat din sa responders na agad tumulong para maalis ang natumbang puno (At the same time, a thorough investigation into the incident is also ongoing. I have also ordered the inspection and immediate cutting or trimming of trees in areas that may pose a danger, to prevent similar tragedies in the future. Many thanks also to the responders who immediately helped to remove the fallen tree).”
The Muntinlupa police reported that an acacia tree suddenly fell, directly hitting the northbound motorcycle rider and damaging two southbound vehicles.
The police identified the victim as Ronnie Cruz, 36, stockman, a resident of BF Homes International Village, Las Piñas. He suffered injuries and was brought to the Medical Center Muntinlupa (MCM) where he was declared dead on arrival by an attending doctor, the police said in a report.
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, are you satisfied with the City Government providing assistance to the family of the victim? Do you think it is time for local authorities to closely examine large trees along the major roads to determine if they will fall down soon? When was the last time a significant trimming of trees in your local community happened?
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
Incoming Parañaque 2nd District Representative Brian Yamsuan confirmed that he intends to expand the BAON (Bigay Ayuda at Oportunidad sa Nakababata) program to help the poor-but-deserving students among the constituents and he will do it once he takes office, according to a Manila Bulletin news report. In fact, there were already thousands of students in District 2 of Parañaque who benefited from the said program this year.
For context about the recent National and Local Elections, Yamsuan ran under the Team Pag-Asa banner and his successful teammates include Vice Mayor-elect Benjo Bernabe, and the re-elected City Councilors Tess de Asis, Binky Favis and Shannin Olivarez. Yamsuan won over 2nd District Representative Gus Tambunting with a lead of almost ten thousand votes. The 2nd District includes large communities such as Barangay BF Homes, BF Homes subdivision and Tahanan Village. To learn more about Yamsuan, check out his Facebook page by clicking https://www.facebook.com/congbrianyamsuan
To put things in perspective, posted below is an excerpt from the news report of the Manila Bulletin. Some parts in boldface…
Parañaque City 2nd district Representative-elect Brian Raymund Yamsuan is eyeing the expansion of his “ayuda” program for poor but deserving students among his constituents.
“Our BAON (Bigay Ayuda at Oportunidad sa Nakababata) program had huge impact on the youth in the second district. We will continue implementing and find ways to broaden its scope to benefit more Parañaqueños in the district,” Yamsuan said in a statement Tuesday, May 27.
“We will start on day one of my term,” he declared ahead of the 20th Congress.
Yamsuan, Bicol Saro Party-list’s lone nominee in the current 19th Congress, said education would be among his priorities as he endeavors to empower the youth and help them take charge of their future.
“Our goal is to make education affordable and easily accessible to give everyone an equal opportunity to succeed in overcoming life’s challenges and carving a stable and vibrant future,” he said.
“Edukasyon, sipag at determinasyon ang pinanghawakan ko noon para makaahon sa kahirapan kaya’t alam ko na kung mabibigyan lamang ng maayos na edukasyon ay may naghihintay na matatag na bukas para sa bawat masisipag na Parañaqueno ng second district,” added the former Department of the Interior and Local Government (DILG) assistant secretary.
(Education, diligence and determination were what I held onto in the past to rise above poverty, which is why I know that a stable future awaits every hardworking Parañaquenõ in the second district if given the chance to have a proper education.)
BAON, which Yamsuan started implementing in the district last year, provides a one-time P5,000 educational assistance to each qualified student-beneficiary, and P10,000 each to Dean’s Listers or those With High Honors.
As of April 2025, BAON has benefited about 5,000 students in the elementary, high school and college levels who are residents of Parañaque’s 2nd district.
Yamsuan said that on top of continuing his BAON program, he is also in talks with fellow lawmakers to determine how to increase government funding for the Parañaque City campus of the Polytechnic University of the Philippines (PUP) so that more underprivileged but deserving students from the second district would be able to study in this state educational institution.
Established through the efforts of the city’s former mayor, Florencio Bernabe Jr., PUP Parañaque offers academic programs leading to Bachelor of Science degrees in computer engineering, hospitality management, information technology, and office administration. It also offers a Diploma in Office Management Technology-Legal Office Management.
Let me end this post by asking you readers: What do you think about this recent development? If you are a resident of Parañaque, do you think that an expanded BAON program of incoming Congressman Yamsuan will generate positive results in the 2nd district of the city in relation to education?
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 local police officer was commended by the Philippine National Police (PNP) for courageously doing his duty in Parañaque City and getting injured doing so, according a news article by the Philippine News Agency (PNA).
To put things in perspective, posted below is an excerpt from the news report of the PNA. Some parts in boldface…
The Philippine National Police (PNP) commended a Parañaque City cop who sustained injuries while fulfilling his duties.
Staff Sgt. Carlo Sotelo Navarro, 45, of the BF Homes Police Substation 5, showed the kind of courage expected of a cop when he attempted to pacify an aggressive suspect in Creek Drive 1, San Antonio Valley 8 on Friday morning, PNP chief Gen. Rommel Marbil said in a news release Saturday.
According to reports, Navarro, together with other police officers and members of the Barangay Peacekeeping Action Team (BPAT), responded to a public disturbance alert.
When Navarro confronted the suspect identified as “Arnold,” the latter suddenly drew a kitchen knife and struck the police officer in the head and chest.
Navarro’s colleagues and BPAT members were able to restrain the suspect, who is now under police custody. The injured police officer was taken to a hospital and is already in stable condition.
“The courage of PSSg Navarro is a powerful reminder of the kind of sacrifice our police officers make every day. He answered the call of duty without hesitation, knowing the risks. That is true service. We pray for his recovery and salute his heroism,” Marbil said in a statement.
Let me end this post by asking you readers: What do you think about this recent development? If you are a resident of Parañaque, do you find the injured cop’s courageous service inspiring? Do you hope that this recent development will inspire local cops to perform their service better and push back strongly against local crime?
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 in Parañaque City, elements of the Bureau of Immigration (BI) arrested two wanted foreigners in BF Homes subdivision who allegedly were involved in fraud overseas, according to a Manila Bulletin news report. One of the suspects has been tagged by the International Criminal Police Organization (Interpol) with a red notice since 2018.
To put things in perspective, posted below is an excerpt from the Manila Bulletin news report. Some parts in boldface…
Two South Korean “fugitives,” who are wanted in their country for their alleged involvement in investment scams, have been arrested by the Bureau of Immigration (BI) in Paranaque City.
The BI identified them as Kim Young Sam, 58, and Weon Cheolyong, 59, who were arrested at the BF Homes Village in Paranaque City last April 22.
“Both aliens will remain at the BI custodial facility inside Camp Bagong Diwa, Taguig City until their deportation,” the bureau said. The arrest of Kim was ordered Commissioner Joel Anthony M. Viado, it said.
During the operation, the BI said “the arresting agents discovered the presence of another Korean fugitive later identified as 59-year-old Weon Cheolyong.”
It said that “Kim will be deported immediately as he was already ordered expelled by the BI board of commissioners in December 2021 for being an undesirable alien.”
“Kim is also subject of an Interpol (International Criminal Police Organization) red notice that was issued in 2018 after a warrant for his arrest was issued by the Seoul central district court where he was charged with fund raising for a business without government permit,” the BI said.
“Authorities alleged that as manager of a Seoul-based company, Kim and his accomplices engaged in fraudulent operations by soliciting investments for the development of an alleged cryptocurrency business,” it also said.
It added that since 2015 “the said company has defrauded over 3 billion worth of investments from 253 victims.”
Let me end this post by asking you readers: What do you think about this recent development? If you are a resident of Parañaque, do you think there are still a lot of wanted foreigners hiding within the local communities of the city? Has your local community been communicating lately with the Bureau of Immigration lately?
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
If you are interested to learn swimming during the summer season, be aware that the Summer Swimming Lessons 2025 program at Tropical Palace Resort Hotel in BF International, Las Piñas City will begin on April 30, 2025 and already enrollment is ongoing.
Coach Alec Dequiña will lead the teaching of the swimming lessons. Inside Tropical Palace Resort Hotel are the main swimming pool (rectangular) and the small pool (for younger and smaller swimmers).
The sign outside of Tropical Palace Resort Hotel in BF International, Las Piñas City.
Courses offered are as follows: Basic (6-years-old and above) for P6,000 with lessons taking place 7:30 AM to 8:30 AM. Advance (6-years-old and above) for P6,000 with lessons taking place 7:30 AM to 8:30 AM. Toddlers (3 to 5-years-old) for P7,000 with lessons taking place 8:45 AM to 9:45 AM.
The main swimming pool.
The smaller pool.
The flyer for this year’s swimming lessons program.
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
Along the stretch of Aguirre Avenue inside BF Homes subdivision, Barangay BF Homes, Parañaque City is the 1950s-inspired diner Hackensack. To be clear, it is the BF Homes branch of the business whose other branch is located in Quezon City.
I had my first-ever visit there this past February for a lunch reunion and meeting with a dear friend of mine. We both had rice meals and drinks, and we had a nice chat while seating comfortably.
Daytime shot of a portion of the interior at Hackensack’s BF Homes branch. Comfortable seats and sufficient space for customers.
Through the window, customers can watch their food getting cooked.
I carefully examined Hackensack as it was my first time back then. I noticed they have sufficient parking spaces – spacious enough to allow double-parking – for motorists outside. Upon entering, the 1950s vibe was clearly present through the interior design and the carefully placed decorations. With the nice interiors, cool aircon system and sufficient walking space between the chairs and tables, Hackensack’s BF Homes branch is nice and comfortable to be in.
Recently, I had a 2nd visit at Hackensack in BF Homes and this time it was dinner with my family.
Food
This is the Deluxe “Smashed” Cheeseburger and Fries Combo. The cheeseburger had two Angus beef patties.
During my 2nd visit, I had the Deluxe “Smashed” Cheeseburger (double-patty) and Fries Combo and a Chocolate Milkshake. The cheeseburger itself came with two Angus beef patties, two wide tomato slices, lettuce and cheese, and it tasted really good. I’m glad I had the cheeseburger as I was getting tired of the cheeseburgers from the more popular burger-and-fries fast food restaurants. Meanwhile, the fries were well cooked and satisfying to eat.
As mentioned above, I had the Chocolate Milkshake although I ordered at least 30 minutes after I finished my cheeseburger and fries combo meal. Hackensack’s milkshake tasted mildly sweet (given the chocolate flavor) but more importantly, it also tasted freshly made.
The chocolate milkshake was tasty and satisfying.
Other food that my family enjoyed include the 1950s Onion-steamed Cheeseburger and Fries Combo, the Fried Onion Strings, Fries, the Philly Cheesesteak, Chicken Wings, and the Classic BLT (Bacon, Lettuce and Tomato). I can clearly say that my family enjoyed the food and what was served exceeded expectations.
The Fried Onion Strings was a delicious appetizer and also ideal when eating with a group of companions.
A standalone service of Fries.
The 1950s Onion-steamed Cheeseburger and Fries Combo.
Hackensack’s menu offers lots of food and drink options that customers can choose from such as the Chicken Salad Sandwich with Chips combo meal, Clubhouse Sandwich with Chips combo meal, Waffle Fries, New York Frank and Fries combo meal, Mom’s Baked Spaghetti, Monty Brewster and Fries combo meal, Homemade Apple Pie, Steak and Eggs rice meal, Rootbeer Float and more.
Arcade games plus notable comic book artworks
While Hackensack has a strong 1950s vibe with its food, interiors and atmosphere, the place with the two arcade cabinets (where players can stand in front of and play games) is something else. If you know your entertainment history, you should be aware already that arcade games in America (electronic games played on machines) did not exist during the 1950s.
That being said, the two arcade cabinets allow users to pick games from a wide selection of titles from the 1970s to the 1990s. The beauty about have these arcade cabinets is that you can play games absolutely free! No need to insert coins or tokens at all!
The two arcade cabinets inside Hackensack. Each machine contains lots of classic arcade games and the great thing is that customers can play those games for free. Simply select the game, press the button and start enjoying retro gaming fun.
A few of the many retro games to choose from.
During my two visits at Hackensack in BF Homes, I had retro gaming fun with Galaga, Elevator Action, X-Men vs. Street Fighter, Pac-Man, the X-Men arcade game from Konami, and Donkey Kong to name some. Other arcade classic available for gamers to choose from include Street Fighter II, Battle City, 1942, Contra, Rambo III and RoboCop to name a few.
In addition to the existing retro gaming vibe the arcade cabinets provided, there were these very notable comic book covers and artworks displayed on the walls near them. Having read and collected superhero comic books in the 1990s, I recognized a lot of notable artworks there such as WetWorks by Whilce Portacio, X-Men by Jim Lee, Youngblood by Rob Liefeld, Spider-Man by Todd McFarlane, and Superman by Dan Jurgens.
Are you a 1990s comic book enthusiast? Check out the selected comic book materials displayed as decorations.
With good food, a comfortable retro place and retro gaming fun, Hackensack really stands out nicely among the many food joints inside BF Homes. As of now, it is the one place in the entire South Metro Manila where you can enjoy meals and arcade games together.
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
Very recently in Parañaque City, local police officers pulled off a successful entrapment operation in Barangay BF Homes that resulted in the arrest of man over his engagement in the illegal sale of firearms, 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 man engaged in illegal sale of firearms was arrested by members of the Southern Police District (SPD) in an entrapment operation in Parañaque City on March 4.
The suspect, identified as alias “Enrique,” 45, a resident of Sampaloc Site, Parañaque City, was collared at around 11:30 p.m. in Barangay BF Homes, Parañaque City.
Acting on the report of a regular confidential informant, the District Special Operation Unit (DSOU), in coordination with the District Intelligence Division (DID) and the Parañaque City Police Station, conducted a buy-bust operation against the suspect.
The police seized from the suspect a .45-caliber pistol with magazine loaded with five live ammunition placed in a black sling bag.
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 be someone in your local community who might be engaging in the illegal sale of firearms? Does the suspect look or sound familiar to you?
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
Have you been to Festival Mall in Alabang lately? Some things might change in the near future as the ownership of the shopping and lifestyle mall (first opened in May 1998 as Festival Supermall) is being transferred by the Gotianun Group to Filinvest REIT Corporation (FILRT) in a deal worth more than P6 billion, according to a Manila Bulletin business news report.
To put things in perspective, posted below is the excerpt from the Manila Bulletin business report. Some parts in boldface…
The Gotianun Group is transferring ownership of its flagship Festival Mall-Main Mall in Filinvest City, Alabang, Muntinlupa City to Filinvest REIT Corporation (FILRT) in a P6.26 billion deal that marks the real estate investment trust’s entry into the retail leasing business.
In a disclosure to the Philippine Stock Exchange, Filinvest Land Inc. (FLI) said it is selling the 26-year-old Festival Mall to FILRT in exchange for 1.63 billion FILRT shares at an issue price of P3.85 per share under a tax-free property-for-share swap transaction.
“The transaction fulfills FLI’s commitment as the sponsor of FILRT to continually support the growth and expansion of its REIT portfolio through the infusion of high-quality income-generating real estate assets,” FLI said.
It added that, upon the Securities and Exchange Commission’s (SEC) approval of the transaction, FLI and FILRT shall execute a lease agreement for the building.
In a separate disclosure, FILRT said the issue price represents a 30 percent premium over the 30-day volume weighted average price of P2.94 per FILRT share, and falls within the fair value price range provided by FTI Consulting’s Fairness Opinion and LeeChiu Property Consultants, Inc.’s Valuation Report.
The property was appraised by Leechiu Property Consultants, and a fairness opinion was provided by FTI Consulting. A discounted cash flow (DCF) approach was used as the primary method to determine the value of the property.
Under the DCF approach, the future cash flows of the property were discounted using a weighted average cost of capital (WACC) based on a capital asset pricing model. A direct capitalization approach was also used as a secondary reference for the valuation of the property.
For the valuation of the shares, FTI Consulting used various methodologies such as the DCF approach, a dividend discount model, and a comparable public companies’ method, to arrive at a range of values for the fair value of FILRT shares.
The primary common shares to be issued by FILRT to FLI will come from the unissued common shares of FILRT. This will be subject to the approval by FILRT’s shareholders and regulatory approvals.
Upon the SEC’s approval of the transaction, FLI and FILRT shall execute a lease agreement for the property.
“Pursuant to the approval of the transaction, the Board approved the conduct of a special stockholders’ meeting (SSM) to be held on March 4, at 10:00 AM. The record date for the determination of stockholders entitled to notice and right to vote at the SSM is February 10, 2025,” the firm said.
FILRT’s diversification into mall leasing comes after its expansion into the hospitality space with the acquisition of 2.9 hectares of land owned by Filinvest Development Corporation (FDC) in Boracay Island for P1.05 billion in cash.
The land is being leased by Boracay Seascapes, Inc. (BSI), the building owner of Crimson Resort & Spa Boracay and a subsidiary of FDC.
FILRT President and CEO Maricel Brion-Lirio said this is the company’s first asset infusion since its initial public offering and “not only increases the distributable income to our shareholders in the immediate term but also supports our goal of delivering stable dividends and increasing the potential for capital appreciation in the longer term.”
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 who happens to be a frequent visitor or shopper of Festival Mall, do you think the incoming, new owners will be able to make improvements on the mall somehow? Do you hope that the original cinemas of Festival Mall will get renovated and reopened with the latest cinema technologies in the future?
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