October 13, 2016
Andrew Tan (second from right) receives the Global Excellence Award at the 42nd Philippine Business Conference from President Rodrigo R. Duterte (second from left). Looking on are (from left) Finance Secretary Carlos G. Dominguez III and Jose Maria A. Concepcion III, incoming chairman of the ASEAN Business Council.
The International Chamber of Commerce Philippines (ICCP) presented to business tycoon Dr. Andrew L. Tan the Global Excellence Award in ceremonies held during the 42nd Philippine Business Conference at the Marriott Hotel Thursday night.
The award recognizes Tan, who chairs the conglomerate Alliance Global Group Inc. which owns Megaworld, Emperador, Travellers International (operator of Resorts World Manila) and McDonald’s Philippines (Golden Arches Development Corporation), for raising the bar of Philippine business to compete locally and internationally, and in helping the national achieve inclusive growth and development.
The ICCP also recognized Tan’s scope of work and influence in the real estate, food and beverage, construction and tourism sectors that continues to inspire aspiring entrepreneurs and businessmen to reach their full potential and to contribute to nation-building.
The award was presented by Philip Kucharski, chief operating officer of the Paris-based International Chamber of Commerce and President Rodrigo Roa Duterte.
September 29, 2016
Manila, Philippines, September 29, 2016 – Alliance Global Group, Inc. (AGI), the investment holding company of tycoon Dr. Andrew L. Tan, is allocating more than P150-billion for this year until 2017 to finance the various expansion plans of its companies.
“We continue to be optimistic about what lies ahead. That is why we have kept an aggressive capex plan moving forward. In 2010 to 2015, we spent an aggregate of P270 billion for our expansion projects. We will spend more than half of that amount for 2016 and 2017 alone, proving our positive outlook for our business,” says Mr. Kingson U. Sian, president, AGI.
AGI maintains its highly optimistic outlook over its long-term prospects after reporting record revenues and core profit of P139 billion and P21.6 billion, respectively, in 2015. The company continues to pursue heavy capex plans as it firms up the foundation for its future growth. Earlier, AGI chair Dr. Andrew L. Tan told stockholders that the company’s “strong operating performance in 2015 only serves to inspire us to continue to do better to accelerate our growth trajectory and maintain our market leadership. We have already laid out the foundation and made significant investments across all our business segments, both here and abroad, in order to future-proof our growth.”
“Our Group has really come a long way from what we were before. Five years ago, our real estate arm, Megaworld Corporation, covered only five townships, all in Metro Manila. Now,
we have 21 townships throughout the country, of which 12 are in key growth areas in the provinces,” explains Mr. Sian.
Megaworld continues to lead in township development and is also the biggest developer and landlord of offices for the country’s BPO industry. The company plans to continue
expanding its office and commercial properties nationwide to keep itself at the crest of the wave of growth cities all over the Philippines.
“Moreover, only three years ago, Emperador, Inc. was a pure Philippine liquor operation where it maintains market leadership. Now, it has become a global player in the spirits
sector with access to about 100 markets around the world. This followed our acquisition of Whyte and Mackay, and more recently, Fundador and the other Spanish assets,” adds Mr.
Capitalizing on its expanded global footprint, Emperador Brandy is now being exported to 40 countries in Asia, North America, Europe, Africa and the Middle East, reinforcing its
position as the world’s No. 1 brandy product in terms of volume.
AGI is also on-track in its expansion program in the tourism sector with the objective of bringing its group-wide hotel room capacity to 12,000 keys by 2020 from the current 3,000
room keys. The additional capacity will be coming mainly from its tourism-entertainment and gaming unit Travellers International Hotel Group, Inc. and Global-Estate Resorts, Inc.
(GERI), a Megaworld subsidiary. Travellers is in the midst of its massive expansion projects in Resorts World Manila.
Meanwhile, GERI is undertaking two major tourism estate development projects in highly popular destinations: Boracay Newcoast in Boracay Island, Aklan; and Twin Lakes in Metro
Even its quick service restaurant business through Golden Arches Development Corporation (GADC) is spending heavily to increase its number of McDonald’s stores
nationwide to ride on the overall improvement in consumer demand. GADC is poised to hit its 500th store this year and is looking to grow the number to 900 stores moving forward.
“Our continued investments have given our Group a competitive edge that is difficult to match. With all the pieces already in place, we believe that we have set the stage for a
strong long-term growth,” said Mr. Sian.
September 9, 2016
A Filipino firm's purchase of Spain's oldest brandy maker has enabled local products to enter the world market. More in this report by Ces Oreña Drilon.
September 16, 2016
Alliance Global Group, Inc. (AGI) chairman Dr. Andrew L. Tanwas named as this year’s Leader in Integrated Tourism Enterprise, the highest award given by SKAL International Makati,duringthe 26th Tourism Personality Awards held recentlyat New World Makati Hotel.
AGI, the holding firm of Dr. Tan, aims to become the largest hotel developer in the Philippines, targeting to build around 12,000 hotel rooms by 2020.Travellers International Hotel Group, Inc.currently operates Marriott Hotel Manila, Maxims Hotel and Remington Hotel in Newport City, comprising a total of 1,226 hotel rooms and 172 suites.
Megaworld, on the other hand, is currently operating three Richmonde Hotels and one Belmont Hotel, with almost 1,000 rooms. It will also launch its third local hotel brand, Savoy Hotel, in BoracayNewcoast by the end of the year.
Receiving the award on Dr. Tan’s behalf was Kingson U. Sian, president, AGI (second from left) from (L to R) Robert Sohn, president, SKAL International-Makati, Randal Linhart, resident manager, New World Hotel Makati and DeedeeLedonio, secretary general, SKAL International-Makati.
May 20, 2015
Alliance Global Group, Inc. (AGI) posted a net income of P5.6 billion in the first three months of this year, almost the same level of earnings in the same period of 2014. This was achieved on consolidated revenues of P32.3 billion, around 5% higher year-on-year. Net income attributable to AGI went up by 4% to P3.5 billion. These figures exclude non-recurring gains. In terms of resources, AGI’s balance sheet strength was underpinned by total assets of P412 billion with cash of almost P76 billion.
“Our consumer-centric businesses – real estate development, food and beverage manufacturing and distribution, integrated tourism development, and quick-service restaurants – all showed profitability in the first three months of this year. They all maintained their strong positions in their respective industries,” said Kingson U. Sian, AGI’s president and chief operating officer.
On a standalone basis, the majority-owned companies of AGI all delivered strong earnings in the first three months of this year. Megaworld Corporation reported a net income of P2.3 billion; Emperador Inc. delivered P1.4 billion in earnings; Travellers International Hotel Group, Inc. made a net income of P1.7 billion; and Golden Arches Development Corporation (GADC) posted a net income of almost P160 million.
Mr. Sian added, “Our companies are all paving the way for future growth that will ultimately increase shareholder value. Megaworld is building more townships this year. Our target is to have 20 township developments by the end of 2015. Emperador will have its busiest year so far with product launches in the offing. One product was launched last month and is now available in retail outlets, Smirnoff Mule, which is a blend of vodka, ginger beer and lime. Consumer response is positive and exciting. Travellers continues to expand Resorts World Manila where the Marriott Grand Ballroom – the largest ballroom in the country – just opened last month. Travellers will have more hotels, additional gaming area and retail space by the end of 2017. GADC, which holds the exclusive right to operate restaurants in the Philippines under the “McDonald’s” brand, is targeting to have 500 branches nationwide by the end of 2015.”
April 24, 2015
MANILA, Philippines, April 24, 2015 - Alliance Global Group, Inc. (AGI) raked in a net income of P21-billion last year, reflecting an 8% increase over 2013 (net of non-recurring or extraordinary items) – the highest level in the company’s history. This record-breaking income was achieved on consolidated revenues of P125 billion, also a record level for the Andrew Tan-led conglomerate, which is engaged in property development, food and beverage manufacture and distribution, quick-service restaurants and integrated tourism development businesses.
“We feel elated and excited about our performance. The consistent robust performance of our group is underpinned by our commitment to focus on what we do best. Yes, we are always open to opportunities but our core businesses are borne out of passion, creativity, and innovation. We are proud to say that we are game changers and brand builders. And we will constantly strive to raise the bar,” said Kingson U. Sian, president and chief operating officer, AGI.
Driven by AGI’s majority-owned companies – Megaworld Corporation, Emperador Inc., Travellers International Hotel Group, Inc., and Golden Arches Development Corp. (GADC) – net income attributable to AGI shareholders reached P13 billion last year, down by 4% on a recurring basis. This was due to net income attributable to minority interests or non-controlling interests increasing by as much as 35% year-on-year. This increase was in turn a result of AGI having reduced ownership in Emperador and Travellers last year following their initial public offerings (IPOs) in the latter part of 2013. Prior to the IPOs, AGI had 100% stake in Emperador and 50% stake in Travellers.
On a standalone basis, the individual companies of AGI all delivered strong earnings last year. Megaworld reported a net income of P9.4 billion: up 14% year-on-year. Emperador delivered P6.2b in earnings: up 6% year-on-year. Travellers raked in P5.4 billion, higher by almost 100% year-on-year. GADC posted a net income of almost P800 million in 2014.
Sian added, “Our businesses are all compelling consumer plays. Megaworld is the pioneer in live-work-play-learn township developments and remains unmatched in this area. Emperador is a genuine game changer that has a 50% market share nationwide and as high as 72% in Greater Manila area. And it is now a global company given last year’s acquisition of Whyte and Mackay, a Scotch whisky company. Travellers International is the country’s most profitable tourism-entertainment and gaming company and it is the only one that has two tourism-entertainment and gaming sites. GADC, which holds the exclusive right to operate restaurants in the Philippines under the “McDonald’s” brand, had 457 branches all over the country at the end of 2014. GADC opened more than 50 branches last year, the biggest number of openings in its history.”
AGI is listed on the Philippine Stock Exchange with stock code AGI. Its latest market capitalization is P265 billion.