BIZ BUZZ: MVP enters John Hay
Manuel V. Pangilinan is a man of many passions hence the investments that he and his group have poured into various fields, from telecommunications to infrastructure and agriculture, even professional sports and music development.
But it looks like the new apple of his eye is the country’s tourism sector, which then explains why he has set his sights on investing up north, in Camp John Hay to be exact, especially after the Bases Conversion and Development Authority finally got its hands on the former American rest and recreation base after a protracted legal battle with the Sobrepena group.
Informed sources told Biz Buzz that the executive will make full use of Landco Pacific Corp., a subsidiary of Metro Pacific Investments Corp. that has a built a reputation over the past 30 years for “creating world-class leisure communities and luxury homes in the Philippines.”
Among Landco’s flagship developments are Peninsula de Punta Fuego, the first private seaside residential resort in the country, CaSoBē (Calatagan South Beach) and Club Laiya.
The group believes in the yet to be fully tapped potential of Camp John Hay thus the rush to invest in the popular tourist destination.
But this will just be the beginning of an even deeper push into the tourism sector that is poised for a major rebound in the next few years.
So expect more mega deals to be signed soon. Real soon.
