January 28, 2025

The Business Manual CEO Awards 2025: Who are the Awardees?

The Business Manual has successfully concluded its second CEO Awards. The event, with the theme “Honoring Industry Disruptors, was held on January 27 in the Bonifacio Hall of Shangri-La The Fort. 

In order to determine the awardees, The Business Manual gathered a pool of nominations that included business leaders from both startups and industry giants. Each nomination was then carefully assessed in order to determine if the nominee exhibits the following qualifications in order to be considered for the award:

Innovation, Adaptability, and Disruptive Leadership (40%) 

  • Measures the CEO’s ability to drive innovation, adapt to market changes, and lead the company like industry disruptors who challenge norms and leave a lasting impact.

Effective Management and Strategic Governance (30%)

  • Assesses the candidate’s business achievements. This includes how the CEO steers the company toward revenue growth and how he or she  scales the business (both locally and internationally).

Brand Influence and Recognition in their Industry (15%) 

  • Considers how the CEO has built the credibility and reputation of the company. It gauges how known and recognizable the company is and whether it has attained brand awareness within a wide range of audiences.

Personal Image and Credibility (10%)

  • Evaluates the CEO’s reputation and how well he or she is perceived by business partners, employees, stakeholders, and consumers. This also includes how he or she applies ethics as a leader, as well as how his or her image contributes to both brand and company representation. 

Contribution to Society (5%) 

  • Determines how a CEO has effectively led his or her company and its overall contribution—not just to its respective industry, but to society as a whole. This includes how he or she has implemented corporate social responsibility (CSR) programs or social causes, attained local and/or international recognition, partnered with government initiatives, or exerted efforts for the country.

CEO Awards 2025 Awardees

This year, The Business Manual CEO Awards has recognized the outstanding contributions of 21 business leaders in reshaping business landscapes, pushing boundaries, challenging the norm, and setting new standards of success.

The CEO Awards 2025 honorees are as follows: 
  1. Eugene S. Acevedo, President and CEO of RCBC
  2. Betty Ang, Director and President of Monde Nissin
  3. Ben Chan, Founder and CEO of BENCH, Suyen Corporation
  4. Antonio L. Co, President and CEO of Carrascal Nickel Corporation
  5. Herbert Consunji, Executive Vice President and Chief Finance Officer of DMCI Holdings
  6. Ana Lorenzana de Ocampo, President and CEO of Wildflour Hospitality Group 
  7. Vicente del Rosario, Jr., Chairman and CEO of Viva Communications Inc.
  8. Dr. Steve Mark Gan, Chairman and CEO of GAOC Group of Companies
  9. Mark “Jappy” Gonzalez, Founder and Managing Director of H&F Retail Concepts
  10. Clinton Campos Hess, Chairman and CEO of Unilab Group 
  11. Irwin C. Lee, President and CEO of Universal Robina Corporation
  12. William Tiu Lim, Chairman and Founder of Mega Prime Foods, Inc. 
  13. Jonathan Ng, Vice Chairman and CEO of Republic Biscuit Corporation
  14. Rosemarie Rafael, Chairman and CEO of Airspeed
  15. Martha Sazon, President and CEO of GCash (Mynt – Globe Fintech Innovations, Inc.)
  16. Kevin Andrew Tan, CEO of Alliance Global Inc.
  17. Dr. Aivee Aguilar-Teo, Founder and President of The Aivee Group
  18. Dennis Anthony H. Uy, Co-founder and CEO of Converge ICT Solutions Inc.
  19. Justin Sy Uy, Founder and CEO of Profood International Corporation
  20. Delfin Angelo “Buds” Wenceslao, President & CEO of D.M. Wenceslao and Associates, Inc.
  21. Benjamin O. Yao, Chairman and CEO of SteelAsia Manufacturing Corporation

Enterprise Catalyst Award 

The CEO Awards 2025 likewise honored business organizations that have demonstrated exceptional commitment in supporting and empowering Filipino entrepreneurs with its Enterprise Catalyst Award. 

This year, three outstanding business organizations have been recognized for their contribution to the growth of Philippine enterprises through fostering innovation, creating opportunities, and enabling the growth of small and medium enterprises. 

The awardees are as follows:

  1. Go Negosyo
  2. Philippine Franchising Association
  3. Philippine Retailers Association

The CEO Awards 2025 is proudly co-presented by Royal Salute and Martell Cognac, with the Business Catalyst Award co-presented by VCDC. This prestigious event has also been made possible through the partnership of Baken.

Source: https://thebusinessmanual-onemega.com/ceo-awards/2025-awardees-list/?fbclid=IwY2xjawIFar9leHRuA2FlbQIxMQABHXHI9agQ6FZtt9aSySKDXgQbvbkcxcd3fZnrIs4fH0xIF4jbS_FwWVuCRg_aem_0_J_JFlh7TNNs8O0_6AmZg

September 24, 2024

Parqal in Prestigious World’s Most Beautiful Emporiums List

(SPOT.ph) For the 10th edition of the Prix Versailles, a.k.a the prestigious World Architecture and Design Award of UNESCO,there is a familiar name in the list that stands out to Filipinos. To be more specific, in its 2024 “World’s Most Beautiful Emporiums” category. It is none other than the fairly new mall in ParañaqueParqal. Yep, cue the “Uy, Pilipins!” meme here. 

Here’s what we know about the Parqal Prix Versailles award:

Parqal is alongside Dior in Geneva, Switzerland; SKP in Chengdu, China; Nouvelles Galeries in Annecy, France; Sabyasachi in Mumbai, India; Bookshops at the Colosseum in Rome, Italy, and Boucheron Ginza in Tokyo, Japan—a total of seven newly opened or reopened emporiums. 

According to the press release, the seven emporiums will be “competing for the 2024 World Titles: Prix Versailles, Interior and Exterior.” The laureates will be announced at the UNESCO Headquarters on December 2.

The mixed-use development in Parañaque boasts lined-up buildings—housing retail, wellness shops, restaurants, services, and even offices—connected by a 300-meter-long canopy. In the middle of the mall are open spaces like an amphitheater and a courtyard, with bouts of greens. Its architecture and design are courtesy of Aedas Architects and Visionarch

Parqal has open spaces where they hold fitness classes and other events in.
The ampitheater.

Parqal opened around September of last year and is the flagship development of Aseana City.

“Emporiums are amongst the top identifiers and influencers of today’s changing societies. Because of their heightened sensitivity to visitor numbers, they are compelled to reinvent themselves in the most promising ways,” says Jérôme Gouadain, Secretary General of the Prix Versailles.

“This collection, this sample, of the world’s most beautiful emporiums, demonstrates the many paths that lead to business that is truly open to the aspirations, needs, well-being and environment of local inhabitants,” he added.

The Prix Versailles recognizes not only the “world’s most beautiful” emporiums but also airports, campuses, passenger stations, sports, museums, hotels, and restaurants. They highlight the “primary role of the Laureates in beautifying and improving the living environment.” ICYDK, the Clark International Airport was also included in last year’s “World’s Most Beautiful Airports.”

The next World Selections: Airports, Campuses, Passenger Stations, and Sports will be announced on September 30.

Parqal is located along President Diosdado Macapagal Boulevard., Barangay Tambo, Aseana City, Parañaque City.

Source: https://www.spot.ph/shopping/the-latest-shopping/110079/parqal-included-in-prix-versailles-world-s-most-beautiful-emporium-list-a5109-20240923?s=c145mb2leljrspnokb1k069r65

August 28, 2024

Bounce at Parqal: Aseana City’s Newest Playground for Sports Enthusiasts

Parañaque City – Nearly a year after its grand opening, Parqal, the flagship development of Aseana City, proudly introduces the latest addition to its development: Bounce at Parqal, an outdoor sports complex designed to cater to sports enthusiasts of all levels. This new facility reinforces Parqal’s identity as Aseana City’s main street, where live, work, and play, come
together.

Strategically located within Parqal’s expansive open spaces, Bounce at Parqal offers a wide range of sports amenities that complement the existing lifestyle features of the development. The complex boasts two multi-purpose courts, ideal for pickleball and volleyball, and a basketball court with dimensions matching FIBA standards. A standout attraction is the full-sized 2,213 sqm football pitch, which accommodates both 9v9 and 5v5
matches. The football pitch is currently home to young athletes training under the Azkals Development Academy, founded by former Bundesliga player Coach Stephan Schröck.

Aerial shot of Bounce at Parqal at night.

Booking a game at Bounce at Parqal is also as easy as it is exciting. Reservations and payments can be made seamlessly through a dedicated online reservation portal (https://bounceatparqal.com/), making it convenient for players to organize matches and events.

Bounce at Parqal is a space that promotes a stronger sense of community in Aseana City through sports. Whether you’re a seasoned athlete or just looking for a fun way to stay active, Bounce at Parqal offers something for everyone

July 31, 2024

Innovating the Workplace: How Parqal is Redefining Third Spaces

Parañaque City, Philippines –  Far from the traditional enclosed office spaces of the past, D.M. Wenceslao’s latest mixed-use development, Parqal, introduces a vibrant work ecosystem designed to enhance productivity, foster community, and promote a healthy work-life balance within Aseana City’s workforce. At the core of Parqal’s philosophy is the concept of “third spaces”, coined by sociologist Ray Oldenberg in his book The Great Good Place (1989). Third spaces refer to locations for social interaction and public relaxation separate from home and office. While often subtle, third spaces have organically existed for centuries. Today, visionaries like D.M. Wenceslao prioritize creating spaces that go beyond mere functionality and provide resources and opportunities for people to connect.

One of the concepts of third spaces is the integration of indoor and outdoor areas where people can gather and make connections. Photos by Pollen Pixels captured during the RUN ASEANA community run at Parqal.

Parqal, dubbed as Aseana City’s main street, boasts a network of office spaces seamlessly integrated with retail and commercial services, along with amenities that support the community. The development comprises of nine four-story buildings with retail and commercial spaces occupying the first and second floors, and offices located on the third and fourth floors. From expansive outdoor spaces such as the courtyard and amphitheater to sports complexes, Parqal fosters a holistic approach to the well-being of office workers. Central to Parqal’s design is its focus on walkability and pedestrian mobility. To better serve the community, a “floating canopy” was built offering shade and protection from Manila’s unpredictable weather. Planning third spaces also involves evaluating how people can move within the area while being shielded from harsh weather conditions and noise pollution – challenges that Parqal has creatively addressed. The canopy serves as the flagship spine of Aseana City’s sidewalk master plan, covering about 5,000 sqm of the development’s linear greenway spine.

“With the increasing demand for office spaces in the Metro, Parqal aims to offer not just a place to work, but a chance to feel home away from home, said Buds Wenceslao, CEO of DMWAI. “Parqal is radically changing the work experience of the Philippine office population by providing them easy access to world-class public spaces and amenities that promote relaxation and social connections. At the end of the day, it’s really about building a happy community.”

Since opening its doors in September 2023, Parqal has quickly become a vibrant hub for a variety of exciting events. From hosting the Big Bad Wolf Booksale, Toycon Launch, Nikon Day 2024 to the upcoming Aurora MLBB event, this development promises much more in store. Parqal also proudly hosts the weekly community run of Aseana City, known as Run Aseana, in partnership with R.O.X (Recreational Outdoor Exchange) and Run With Pat.

Parqal not only redefines the workplace with its best-in-class public spaces and facilities but also serves as a benchmark of how collaborative and forward-thinking work environments should be.

Follow Parqal’s social media accounts to learn more about the development’s latest news and events.

March 7, 2024

Parqal Unveils Exciting New Experiences as Aseana City’s Main Street

Parañaque City, Philippines – Parqal, the latest and most dynamic addition to Aseana City’s landscape celebrates nearly six months of successful operation proving to be a thriving space where Aseana City’s residents and visitors alike come together. Since its grand opening in September 2023, Parqal has emerged as the go-to destination for community events, recreational activities, and exciting retail experiences. Parqal has served as the backdrop for a variety of festivities, including Aseana City’s Christmas lighting ceremony, weekend fitness activities, and Chinese New Year and Valentine’s Day celebrations. Moreover, the iconic lighted canopy of Parqal continues to captivate visitors with its innovative designs tailored to each occasion, adding an extra layer of charm and excitement to every event.

Parqal’s canopy during Valentines’s day as seen from Midpark Towers’ balcony

As Parqal gears up for its next phase, exciting developments are on the horizon. Several esteemed brands are poised to join the Parqal family including The Aivee Clinic, Crocs, The Matcha Tokyo, Kazuwa, Umi Matsu, Agave Mexican Cantina, Gianetto Pizzeria, The Perfect Pint, MC Home Depot, Shoegame Manila, and 361, among others. Additionally, sports enthusiasts will soon have even more reason to rejoice with the upcoming launch of indoor sports centers such as Global City Boxing, Golf Avenue, and Metro Golf Zone, promising state-of-the-art facilities catering to both beginners and seasoned athletes. And for fitness buffs who prioritize morning workouts, Parqal will soon unveil its shower facilities, offering a convenient amenity for employees whose workplaces are in close proximity. Details will be announced on Parqal’s Facebook page.

But the expansion doesn’t stop there. Parqal will also have its own outdoor football pitch and basketball court. Whether it’s families seeking a fun day out, professional athletes looking to train, or individuals aiming to maintain an active and healthy lifestyle, Parqal’s outdoor sports offerings are set to become the premier sports destination in Aseana City. These amenities are designed to accommodate various activities and skill levels, ensuring that there’s something for everyone to enjoy.

Weekend yoga session at Parqal Amphitheater

“We are thrilled with the overwhelming response we’ve received from the Aseana City community since the opening of Parqal. Our vision has always been to create a space where people can come together to celebrate and create lasting memories. We invite everyone to visit Aseana City and experience everything Parqal has to offer,” said Buds Wenceslao, CEO of D.M. Wenceslao and Associates, Inc.

For the latest updates on Parqal, follow their Facebook and Instagram pages @parqalaseana

November 29, 2023

Aseana City Unveils Inaugural Christmas Lighting Ceremony at Parqal

ASEANA CITY, PARAÑAQUE CITY— Aseana City, the premier business and lifestyle district in the Manila Bay area, held its first Christmas Lighting Ceremony at Parqal on November 29, 2023. The grand celebration illuminated the entire Aseana City estate with charming Filipino-themed Christmas decorations, ushering in the season of joy and camaraderie.

As the sun sets on Aseana City, the Christmas Lighting Ceremony unfolded with a serenade from the students and teachers at Nord Anglia International School, one of Aseana City’s esteemed international schools. These budding talents symbolized the hope and promise inherent in the dawning of a brighter tomorrow. The enchanting melodies were not confined to the students alone; the event was further elevated by the captivating voices of Himig Rizalia, an esteemed chorale group hailing from the Rizal Technological University. The unveiling of the estate’s Christmas lights began with the ceremonial lighting of the majestic Christmas tree, a towering centerpiece installed at the Parqal Amphitheater. The entire city was bathed in the welcoming glow of vibrant lights, creating a magical atmosphere that enveloped both residents and visitors in the spirit of the season. Enhancing the festive ambiance is the breathtaking light show of the Parqal Canopy, painting the night sky with a symphony of music and colors.

“We are thrilled to inaugurate Aseana City’s first Christmas Lighting Ceremony, a magical event that brings our community together in the spirit of joy and camaraderie. This marks the beginning of a new tradition, and we invite everyone to visit Aseana City and join us in creating lasting memories and embracing the festive spirit that defines this special season”, said Buds Wenceslao, CEO and President of D.M. Wenceslao and Associates, Inc.

D.M. Wenceslao welcomes everyone to embrace the holiday season at Aseana City and revel in the delightful Christmas decorations adorning its estate. Experience the nighttime spectacle of the Parqal Canopy light show from 6:00 PM to 9:00 PM.

September 30, 2023

D.M. Wenceslao Opens its Flagship Project Parqal in Aseana City

D.M. Wenceslao Board of Directors together with Cong. Edwin Olivarez during the ribbon cutting ceremony.

Paranaque City, Philippines, September 30, 2023 – D.M. Wenceslao & Associates, Inc. (DMWAI) is set to open its flagship project in Aseana City – the over 70,000sqm GLA Parqal, opens on  September 30, 2023. The opening of Parqal will bring DMWAI’s total building leasing space to 232,499sqms, 43% higher than its 162,351sqms leasing space in December 2022.

‘Parqal’, a wordplay from ‘park’ and ‘kalye’, aptly embodies Aseana City’s tenets of livability, walkability, and sustainability. 60% of its total area is dedicated to lush green landscapes and recreational facilities. At the center of Parqal lies a climate-protected linear park brimming with greenery.  Parqal-goers will find respite from Metro Manila’s ever-changing weather as they explore a vibrant urban oasis while sheltered under a sweeping canopy.

A captivating photo of the Cogon building in Parqal, revealing the striking architectural masterpiece against the urban sky.

Nestled in the heart of Aseana City, Parqal sits on five hectares of land stretching from Diokno Avenue to Macapagal Boulevard.   Parqal blurs the line between public and private space by integrating public amenities into the commercial development.

Parqal is a collection of nine independent four-storey buildings. Its architectural expression has a modernized approach to the “Bahay-na-Bato” – the Philippines’ vernacular architecture derived from Hispanic and Chinese influences. The lower floors are designed to host retail and F&B shops whereas the upper floors will be home to offices.

Parqal is poised to be among the top tourist hubs in the metro, boasting its impressive architectural design, first-rate retail and commercial outlets, and expansive green spaces. Parqal caters to the diverse needs of motorists, commuters, and eco-conscious travelers alike. It offers ample parking capacity of over 1,200 slots, complemented by secure bicycle racks and modern shower facilities. Parqal also has a dedicated station in the Aseana City Loop which facilitates convenient public transport to and from dense commuter hubs Paranaque Integrated Terminal Exchange (PITX) and Mall of Asia (MOA) through Aseana City. In the future, Parqal will be connected to an elevated walkway network which will connect major thoroughfares and establishments in the estate, including the upcoming Aseana City-Redemptorist LRT Station.

Parqal at night, featuring the interconnectivity through bridges and the lighted canopy that illuminates the complex.

Testament to DMWAI’s commitment to sustainability, Parqal was designed and constructed to meet the rigorous certification requirements of the Philippine Green Building Council’s Building for Ecologically Responsive Design Excellence (BERDE) which has stringent criteria on energy consumption, GHG emissions, water consumption, and waste generation, among others.

“Parqal is the centerpiece of Aseana; it is a confluence of nature, work, and leisure. Parqal truly highlights our adherence to tenets of livability, walkability, and sustainability,” said Mr. Delfin Angelo ‘Buds’ Wenceslao, Chief Executive Officer. “Parqal was thoughtfully designed to host vast green and open spaces, generous recreational facilities, and first-rate commercial outlets which allow office workers, Aseana residents, and everyday tourists a place to commune, reconnect, and unwind,” Mr. Wenceslao highlighted.

“We invite you to experience Parqal for yourself and discover an urban oasis in the heart of Aseana City! It will be our joy to welcome each and every one of you here,” said Mr. Wenceslao.

June 26, 2023

D.M. Wenceslao bullish on earnings prospects

CONSTRUCTION firm D.M. Wenceslao & Associates Inc. expects ongoing projects, particularly its mixed-use development Parqal, to drive earnings growth this year despite continuing headwinds.

“For our developments, Parqal, our mixed-use development, is set to benefit from tenants shifting their preference to experiential environments given its amenities, public landscapes, and top-tier retail and food & beverage (F&B) shops,” D.M. Wenceslao director and CEO Delfin Angelo Wenceslao said during the company’s annual stockholders’ meeting on Friday.

He said the opening of Parqal this year would provide a fresh income stream.

“In addition, the first full-year land lease revenues from St. Luke’s Medical Center and other new locators will also help boost rental revenues.

“Wenceslao said that continued take-up in recently opened properties at 8912 Asean Avenue (an office development) and 58 Jupiter (a mixed-use building) would help drive revenues and increase margins.

“As for MidPark Towers, sustained construction progress continues, increasing the number of accounts qualified for revenue recognition and additional sales take-up will help drive residential earnings,” he added.

Wenceslao said the company was continuing to adapt to the changing landscape of the office market as more and more clients show a preference for sustainable and experiential environments, pointing out that Parqal was a prime example of this new trend.

“On how we are adapting to the post-Covid office landscape, the office space demand we are seeing now is that developers should offer not only working spaces that have functionality but also with experiential environments, which most of our properties have, like Parqal, for example,” he added.

Parqal consists of four independent nine-story buildings with green landscapes and recreational facilities connected by a park, which will reportedly be the first of its kind in the Philippines.

“It will have around 70,000 square meters of leasable commercial space, and around half of this will be for retail and F&B tenants, and the other half will be for office tenants. The opening of Parqal is expected to significantly boost our rental revenues,” Wenceslao said.

The listed construction firm reported a 45.3-percent drop in first-quarter net income to P525.66 million from P960.5 million in the same period last year as a result of having no land sales during the quarter and a higher cost of services.D.M. Wenceslao shares ended flat on Friday at P6.50 apiece.

Source: https://www.manilatimes.net/2023/06/26/business/corporate-news/dm-wenceslao-bullish-on-earnings-prospects/1897817

May 9, 2023

Aseana City: Elevating Urban Living Through Innovative Public Spaces

In today’s dynamic and fast-paced world, where high productivity often leads to exhaustion, there is a growing desire to find retreat in an urban setting that caters to all our needs – a secure community that is easily accessible, offering a wide range of recreational facilities that enable us to relish life to the fullest. This is precisely the vision that Aseana City has meticulously crafted for families and enterprises alike – a masterfully designed community that embodies top-notch living standards, while providing seamless access to all modern amenities and world class public spaces.

Located along the picturesque shorelines of Manila Bay, Aseana City is a vibrant mixed-use development that spans an impressive 107.5 hectares. Developed by D.M. Wenceslao and Associates (PSE: DMW), one of the country’s leading integrated real estate developers and pioneers in land reclamation, Aseana City is dubbed as the ‘Next Generation City’ that offers a diverse range of residential, commercial, and leisure facilities.

About the photo: Stunning aerial view of Aseana City, showcasing its developments along Pres. D. Macapagal Boulevar

If you build it, they will come

In a well-designed city, one would expect to see fewer vehicles on the roads, secure and spacious sidewalks, and ample recreational amenities. Unfortunately, rapid urbanization and the lack of people-centric urban designs have led to the neglect of pedestrian facilities. As a result, people are often confined to narrow sidewalks, and the needs of private vehicles take precedence. Recognizing the lack of open spaces and safe pedestrian lanes in the country, D.M. Wenceslao has adopted a holistic approach to developing Aseana City.

“Horizontal pedestrian infrastructure is just as important as vertical real estate. As master developers of Aseana City, we see the last mile of pedestrian mobility as our responsibility. As the famous movie quote goes, ‘If you build it, they will come.’ In line with our commitment to sustainability, we are currently striving to establish the largest network of climate-protected sidewalks in the country,” said Delfin Angelo “Buds” C. Wenceslao, CEO of D.M. Wenceslao Group, emphasizing the company’s longstanding commitment to sustainable development.

Aseana City takes pride in having wider sidewalks which are shielded from inclement weather through a well-designed network of arcades, corridors, alleyways, and canopies. The creation of a climate-protected solution for pedestrians was made possible through the collaborative effort between DMWAI and its locators, with Aseana City’s design guidelines mandating the installation and construction of canopies and sky bridges. These structures are seamlessly interconnected, providing the walking public with an unparalleled walkability experience. With a pedestrian-centric philosophy in place, the vision is that one day one can walk from the LRT 1 Station at Redemptorist-Aseana City, stroll through Aseana City’s numerous landmarks and attractions, and walk all the way to the Manila Bay waterfront without having been exposed to heat or rain. Moreover, the estate is adorned with creative mural installations in various alleyways and buildings, further enhancing the ambiance and charm of the city.

Parqal – Aseana City’s Main Street

DMW’s flagship development of Parqal highlights the importance of effective accessibility and efficient mobility in Aseana City. With its design focusing on walkability and multiple entrance and exit points, Parqal serves as an excellent example of how urban planning can promote health and wellness and enhance the overall livability of a city.

About the photo: Parqal’s “floating canopy” made of ETFE (ethylene tetrafluoroethylene) serves as the flagship spine of Aseana City’s sidewalk masterplan, covering about 5,000 sqm of the development’s linear greenway spine.

Parqal, a portmanteau of the words “Park” and “Kalye” (the Filipino word for street), is a sprawling five-hectare mixed-use development that boasts an impressive gross floor area (GFA) of 70,000 sq.m. The entire expanse of the development is enveloped by a “floating canopy” made of ETFE (ethylene tetrafluoroethylene), a sustainable material that is known for its natural light permeability, lightweight nature, and exceptional durability. This canopy serves as the flagship spine of Aseana City’s sidewalk masterplan, covering about 5,000 sqm of the development’s linear greenway spine. With multiple entrance and exit points, Parqal is designed to be porous, promoting an active lifestyle for both visitors and residents. The development offers an array of leisure activities, with lifestyle and retail shops offering everything from dining, fashion, and wellness to DIY options. Parqal is anticipated to open by Q3 of 2023.

Aseana City’s transformation from water into land is just the beginning of its ambitious journey towards creating a more aesthetically compelling and beneficial urban landscape. The city’s commitment to delivering world-class infrastructure, products, and services has established it as one of the most competitive central business districts in the metro. Aseana City’s strategic location, connection to key transport linkages such as the NAIA Expressway, LRT Line 1 Extension, and the Parañaque Integrated Terminal Exchange (PITx), is further enhanced by its focus on public security, open spaces, and walkway systems. These features combine to make Aseana City an irresistibly great and valuable urban destination. The city’s progressive approach to urban planning and development sets a high standard for other urban areas to follow.

March 19, 2023

DMW declares highest cash dividend since IPO

The board of directors of D.M. Wenceslao & Associates Inc. in a regular meeting on March 15, 2023 declared cash dividends amounting to P0.07 per share, or a total of P254.6 million, representing an increase of 23 percent from a year ago.

DMW said it would pay the cash dividends on April 5, 2023 to all stockholders on record as of March 30, 2023.

This is the company’s fifth consecutive annual cash dividend and its highest since it publicly listed in June 2018. DMW said its continuously growing earnings and robust financial standing enabled it to sustain cash dividend growth while simultaneously being in a hyper-growth stage.

“Since our IPO, we have notched a long list of milestones including, among others, the completion of 8912 Asean Ave, our largest office development yet; our successful diversification to Makati City with 58 Jupiter; the successful turnover of our fully sold Pixel Residences, the signing of major land-lease locators, and the substantial progress in the construction of our flagship commercial development Parqal and our second residential project MidPark Towers,” said DMW chief executive Delfin Angelo Wenceslao.

“While executing on all these expansion initiatives, we simultaneously distributed consistent and growing annual cash dividends. This is a testament to the strength of our financial position, and it demonstrates our steadfast commitment to improving shareholder value,” he said.

Source: https://manilastandard.net/business/corporate/314315241/dmw-declares-highest-cash-dividend-since-ipo.html

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