VLL’s Lessandra to Launch P12B Worth of Housing Projects

Vista Land and Lifescapes (PSE:VLL) announced plans to expand Lessandra, the low‐cost housing unit of Camella, with additional projects worth P12 billion nationwide this year.

Vista Land president Benjamarie Serrano said Lessandra  P40 billion worth of from 2007 to 2010. VLL envisions that there will be a Lessandra presence in most Camella communities throughout the country.

Serrano explained that Lessandra was initially developed in 2007 as a Camella townhome series in response to the need for affordability in the low‐cost housing segment.

Camella serves the higher P1.2 million to P4 million per unit bracket while Lessandra caters to families looking to build a home in the P0.50 million to P1.2 million segment, but both are intended to embody practical and modern living standards and aim to provide friendly and accessible home environments for start‐up families.

Lessandra already has a presence in 18 key cities nationwide where it has launched 37 projects amounting to over 10,000 housing units developed over a total of 150 hectares of land. Serrano said Vista Land continues to be bullish about the prospects of Lessandra because it has gained strong market acceptance and its growing patronage has helped it to carve out its own niche where it is now the acknowledged market leader.

“Vista Land was the first to recognize the strong need for more home units in this segment and has been serving this market even when other property developers were focused on the middle to high‐end markets,” Serrano said.

She added that this segment continues to account for the biggest share of the housing backlog in the country and Vista Land remains committed to serve it by providing affordable, quality units.

(Source : April 25, 2011, PSE )

Cebu Pacific Expands Domestic and International Operations

Low fare leader and pioneer, Cebu Pacific (PSE: CEB) announced increase in flight frequencies for eight of its major international routes in Hongkong, Singapore, Kuala Lumpur, Brunei, Seoul, Bangkok,  Vietnam and Jakarta.  

The expansion will be powered by an expanded fleet with three brand-new Airbus A320 aircraft delivered in the last quarter of 2010.

Starting December, 2010:

• Manila - Hong Kong service will be five times daily
• Manila - Singapore service will be 32 times weekly.
• Manila - Kuala Lumpur service will be 10 times weekly
• Manila  - Brunei service will be thrice weekly
• Manila - Ho Chi Minh service will be daily
• Manila - Jakarta service will be four times weekly

The operations will be expanded further in early 2011:

• Manila - Seoul (Incheon) service will be twice daily
• Manila - Bangkok service will be 10 times weekly.

"These are all part of our international expansion plan as we continue to take delivery of more brand-new Airbus A320 aircraft in the coming months," said CEB VP for Marketing and Distribution Candice Iyog.

CEB is also adding flights to select domestic destinations:

• Cebu - Bacolod direct flights will be twice daily starting November 24,2010.
• Manila - Cebu flights will be 12 times daily
• Manila - Boracay (Caticlan) flights will be 11 times daily. 
• Cebu - Puerto Princesa will seven times weekly.
• Cebu - Boracay (Caticlan) and General Santos will be twice daily
• Manila - Kalibo flights will be 16 times weekly
• Manila - Puerto Princesa flights will be four times daily starting February 5, 2011.

For CEB booking and inquiries, guests can visit Cebu Pacific website or Funtours or call +63 (2) 7020-888 or +63 (32) 230-8888. The latest seat sales can also be found on cebupacificair on Twitter and Facebook Fan Page.
 

"Guests without credit cards can also book online and use our payment centers to pay. These centers include Bancnet online, LBC, Megalink, and partner banks Metrobank, BDO and Robinsons Savings Bank," Iyog said.
 

CEB operates the youngest aircraft fleet in the country, and will take delivery of three brand new A320 aircraft in the last quarter of 2010. The airline flew the most number of domestic and international passengers in the 1st half of 2010, based on Civil Aeronautics Board data.

Source:

CEB Disclosure to PSE 

Nov 5, 2010