Tax Concentration Accounting Concentration The Accounting Concentration is designed to provide you the opportunity to explore advanced topics in the accounting field.
Real Estate Megaworld Corporation Through the years, Megaworld has been developing integrated mega-communities that offer basically everything that tenants want and need. This the Company does in pursuit of its prime objective of providing the "perfect" community that offers global business plan project of computer, convenience and everything else.
Megaworld believes that the perfect community is one that fulfills the basic needs of its residents and tenants—comfort, convenience, and security, among others. With this in mind, Megaworld set out to develop complete mega-communities where residents can live, work, play, learn, and even shop—all within their areas of residence.
Megaworld, in fact, pioneered the "live-work-play-learn" development concept—building perfect communities that not only have residences but also workplaces, commercial establishments, and learning institutions. Megaworld is one of the leading property developers in the Philippines and is primarily engaged in the development in Metro Manila of large scale mixed-use planned communities, or townships, that integrate residential, commercial, leisure and entertainment components.
Founded inMegaworld initially established a reputation for building high-quality residential condominiums and commercial properties located in convenient urban locations, with access to offices and to leisure and entertainment centers in Metro Manila. Beginning inin response to demand for the lifestyle convenience of having quality residences in close proximity to office and leisure facilities, Megaworld began to focus on the development of mixed-use communities, primarily for the middle-income market, by commencing the development of its Eastwood City project.
Megaworld's real estate portfolio includes residential condominium units, subdivision lots, as well as office projects and retail space. Megaworld's current land bank consists of real estate that it has acquired in prime locations in the Philippines such as Makati, Quezon City, Iloilo and Cebu.
InMegaworld acquired a hectare property which was the site of the old domestic airport in Mandurriao, Iloilo, on which its expects to develop a township community. It also acquired a hectare property in Mactan, Cebu where it plans to develop a mixed-use project.
InMegaworld's 20th year of operations, the Company experienced another banner year as its residential projects continued to perform well and the growth of the BPO industry further created increasing demand for office spaces. As such, Megaworld's net income amounted to a record P4.
Total revenues, in turn, grew by 2. The increase in total revenues was mainly due to an increase in real estate sales, rental income and interest income for the year.
Megaworld continued this momentum of growth into as the Company closed the first half of the year with a net income of P2. From toMegaworld and its affiliates launched over residential buildings, office buildings and a hotel consisting in aggregate of more than 5.
Megaworld's current property development projects consist of mixed-use residential and commercial developments located throughout Metro Manila and residential units at the Araneta Center in Quezon City.
The objective of each of the mixed-use developments is to provide an integrated community with high quality "live-work-play-learn" amenities within close proximity to each other. Each of Megaworld's main projects are described in detail below.
In response to growing demand for office space with infrastructure capable of supporting IT-based operations such as high-speed telecommunications facilities, hour uninterruptible power supply and computer security, Megaworld launched the Eastwood City CyberPark, the Philippines' first IT park, within Eastwood City in Global companies located in the Eastwood City CyberPark include the headquarters of IBM Philippines and Citibank's credit card and data center operations as anchor tenants.
In connection with development of the CyberPark, Megaworld was instrumental in working with the Government to obtain the first PEZA-designated special economic zone status for an IT park in A PEZA special economic zone designation confers certain tax incentives such as an income tax holiday of four to six years and other tax exemptions upon businesses that are located within the zone.
Once the entire residential zone of Eastwood City is fully developed, it is expected to consist of 20 high-rise towers. Each tower is designed according to a specific theme and style.
Typical building amenities include hour security, high-speed elevators, parking, a swimming pool and other recreational facilities.
As of mid-yearthe office properties at Eastwood City consist of nine Grade A office buildings. According to Colliers International Research, in addition to other distinguishing characteristics, Grade A buildings are those which are located in a central business district and which meet minimum size and finish specifications, compared to premium buildings which are located in the core of a central business district and Grade B buildings which are outside of a central business district.
Tenants in the Eastwood City CyberPark include major multinational corporations, largely comprised of software developers, data encoding and conversion centers, call centers, system integrations, IT and computer system support. Eastwood City's leisure and entertainment zones are designed to complement the office and residential buildings in the community township.
As of mid, Megaworld leased the properties in the leisure and entertainment zone, comprising an aggregate of approximately 50, sq. Upon completion, Forbes Town Center is expected to consist of residential, retail and entertainment properties.
Once completed, the Forbes Town Center residential zone is expected to consist of 13 towers. The leisure and entertainment zone, on the other hand, is expected to consist of 20, square meters devoted to bars, restaurants, and specialty shops, which are designed to complement the residential buildings in this development as well as the surrounding office areas in Bonifacio Global City.
The project being developed on approximately 50 hectares of land located in Fort Bonifacio, Taguig, Metro Manila. Once completed, the McKinley Hill project is expected to consist of office, residential, retail, educational, entertainment and recreational properties.
The McKinley Hill residential zone consists of subdivision lots for low-density single-detached homes and clusters of low-rise residential garden villas. Construction of the development began in The subdivision project includes amenities such as a clubhouse and communal swimming pool for residents.
The residential zone is also comprised of several garden villa clusters with five or six storey villas in each cluster.
In addition, the Stamford Executive Residences, the Morgan Executive Residences, each consisting of three residential clusters, and the Venice, a two-cluster development, are under construction.
Similar to Eastwood City CyberPark, tenants are expected to include major multinational corporations, largely comprised of software developers, data encoding and conversion centers, call centers, system integrations, IT and computer system support.
Corporate zone tenants will also be entitled to various tax incentives in conjunction with the PEZA special economic zone status conferred upon the McKinley Hill CyberPark.“The skills I learned at Humber can be applied to my daily life.” - Walid, Global Business Management Graduate. Business and project goals and objectives.
Knowledgeable of user area only Likely Assigned Project Manager(s) to assess global implications Available documentation clouds establishment of baseline M: More than 75% complete/current Likely Balance of information to be gathered by consultant Project Scope Creep L: Scope generally defined.
Services and intangible products (eg computer software) are more difficult to market. Start-ups in these areas must pay special attention to marketing in their business plans. IBM Research is the innovation engine of the IBM corporation.
It is the largest industrial research organization in the world with 12 labs on 6 continents. IBM Research defines the future of technology. The Global Learning and Observations to Benefit the Environment (GLOBE) Program is an international science and education program that provides students and the public worldwide with the opportunity to participate in data collection and the scientific process, and contribute meaningfully to our understanding of the Earth system and global environment.
Hitachi, Ltd., headquartered in Tokyo, Japan, is focusing more than ever on the Social Innovation Business, which includes power & infrastructure systems, information & telecommunication systems, construction machinery, high functional materials & components, .