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Bacolod City, Philippines Wednesday, February 22, 2006
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Palanca to build condo
at Reclamation property

A plan to build a twin high-tower condominium in front of the Bacolod Pavilion at the Reclamation area was announced recently by chairman Simplico Palanca of the Bacolod Real Estate Development Corp.

Palanca said the project is expected to be completed by year's end. He said the original idea was for two slim high-tower buildings rising side by side in front of the Supercat terminal at the BREDCO port, but the design had been modified to a single building with two portions interconnected to maximize the number of available units to 56.

That first-ever condominium to be built in Bacolod may actually be a prelude to the expected accelerated development of the Reclamation area into a city within a city, and into a commercial and industrial center.

Local tourism
players form network

Major tourism players in Negros Occidental have organized the Negros Island Tourism Inc., a non-stock, non-profit corporation, tasked to market and promote the province both for the leisure and convention markets, a press release from the group said.

The NITI Board of Trustees is headed by Ruth Minerva Cruz of the Bacolod Convention Plaza Hotel and The Quiet Place Farm Resort. Other members are: Augusto Sison, president of the Hotel and Restaurant Association of Negros Occidental; Jose Montalbo, president of the Resort Association of Negros Island; Gregorio Flores, president of the National Association of Independent Travel Agencies-Bacolod Chapter; Cristina Gaston, president of the Association of Negros Producers; Sonia Sarrosa of Nature's Village; Nestor Evaristo of Aboy's Restaurant, and Arlette Capistrano of SuperFerry.

BREDCO, Bacolod panels agree
to meet to discuss compensation

The Bacolod Real Estate Development Corp. and the Bacolod City panel in the Comprehensive Revised Reclamation Agreement re-negotiation have agreed to meet on Friday to finally agree on the upward adjustment in compensation for the management and operation of the port.

Bacolod Mayor Evelio Leonardia, head of the executive-legislative panel, yesterday said he believes the city has to fast-track its negotiation with BREDCO and finish within its self-imposed deadline on March 4.

Secretary to the Mayor Roger Balo said that, during their meeting Monday, the panel submitted its proposal on the "upward adjustment" and BREDCO also submitted its counter-proposal.

Business
Palanca to build condo at Reclamation property
Local tourism players form network
BREDCO, Bacolod panels agree to meet to discuss compensation

SMC studying proposal to list in Australia
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