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VINCENT COLLEGE
BUSINESS SCHOOL
Leganes, Iloilo Pototan, Iloilo Ivisan, Capiz
History
The Company, previously named Injap Land Corporation, was incorporated and
registered with SEC on December 9, 2009, and started business activities in November
2010 with the primary purpose of engaging in real estate development and real estate
related ventures. The company was originally wholly owned subsidiary of Injap
Investments Incorporated, the holding company of the Sia family. The Company turned
into a 50-50 joint venture on June 29, 2012 between Injap Investments and Honeystar
Holdings Corporation ("Honeystar") when Honeystar, headed by Tony Tan Caktiong,
Founder and Chairman of JFC, invested into the company. The Company ultimately
changed its corporate name to DoubleDragon Properties Corp. on July 30, 2012.
It was after the entry of Honeystar and the renaming of the Company into
DoubleDragon Properties Corporation that the Company's Chairman and Co-Chairman,
Edgar "Injap" Sia II andTony Tan Caktiong, both born in the year of the Dragon,
established a clear vision for the company's future. They distinguished a unique
opportunity to capitalize on the modernization of retail in the provinces by building a chain
of local area shopping centers to turn into the setting for this progress. The Company
targeted second-and third-tier urban communities for the rollout of their CityMall branded
concept. CityMall Commercial Centers Incorporated was established on December 27,
2013 to serve as the vehicle for this rollout.
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ST. VINCENT COLLEGE
BUSINESS SCHOOL
Leganes, Iloilo Pototan, Iloilo Ivisan, Capiz
Honeystar Holdings Corp. of the Jollibee Group. Edgar Injap Sia II and Tony Tan Caktiong
have similar entrepreneurial background of starting ventures from scratch and growing
them to become a well-loved household brands.
Location
The main headquarters was located on the 10th floor, Tower 1, DoubleDragon
Plaza, DD Meridian Park corner Macapagal Avenue and EDSA Extension, Bay Area,
Pasay City, Metro Manila, Philippines.
Mission
Core Values
They believe in profitability through sincerity, integrity, hard work and fairness in all
of their dealings.
They believe in upholding the trust and confidence of their investors through
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ST. VINCENT COLLEGE
BUSINESS SCHOOL
Leganes, Iloilo Pototan, Iloilo Ivisan, Capiz
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ST. VINCENT COLLEGE
BUSINESS SCHOOL
Leganes, Iloilo Pototan, Iloilo Ivisan, Capiz
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ST. VINCENT COLLEGE
BUSINESS SCHOOL
Leganes, Iloilo Pototan, Iloilo Ivisan, Capiz
Holding firm DoubleDragon Corp. has taken a vital step toward the
overseas expansion of its Hotel 101 hybrid condotel business as it prepares
to acquire and launch the first site outside the Philippines this 2022.
B. Competitors
Ayala Land is a hiking investments in its Metro Manila real estate joint
venture with taipan Lucio Tan’s Eton Properties Philippines Inc. by nearly
P2 billion. It is the largest land developer in the Philippines. Ayala’s vision
is to focused on enhancing land and enriching lives for more people.
DMCI Homes is the brand name of the company DMCI Project Developers
Incorporated, the real estate subsidiary of the conglomerate and publicly
listed DMCI Holdings Incorporated and success of the late Engineer David
M. Consunji, known today as the Philippine’s builder of landmarks and
founder of the country’s pioneering construction company DM Consunji
Incorporated.
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ST. VINCENT COLLEGE
BUSINESS SCHOOL
Leganes, Iloilo Pototan, Iloilo Ivisan, Capiz
C. SWOT Analysis
STRENGTHS WEAKNESSES
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BUSINESS SCHOOL
Leganes, Iloilo Pototan, Iloilo Ivisan, Capiz
OPPORTUNITES THREATS
STRENGTHS
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BUSINESS SCHOOL
Leganes, Iloilo Pototan, Iloilo Ivisan, Capiz
DoubleDragon has been expanding its line not only on real estate but also
on hotels, condominiums, malls, spaces for business, and many more.
WEAKNESSES
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BUSINESS SCHOOL
Leganes, Iloilo Pototan, Iloilo Ivisan, Capiz
OPPORTUNITIES
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ST. VINCENT COLLEGE
BUSINESS SCHOOL
Leganes, Iloilo Pototan, Iloilo Ivisan, Capiz
real estate industry and it is made possible through the use of modern
technology. It can bring the company the following advantage; 1. Virtual
tours for advanced remote property viewing. 2. Property marketing has
become more efficient. 3. Accessibility via mobile and online applications.
4. A chance for clients to save time and thoroughly examine a property. 5.
The ability to span many phases of the sales, purchasing, and even
decorating processes.
The e-Commerce industry has grown rapidly and even reached industries
which are not thought of, like the real estate. Customers are getting more
comfortable with using e-Commerce in the real estate sector as it offers
easier purchase and faster delivery time. The real estate industry is
reacting to new market trends and reevaluating its business models and
strategies. E-Commerce is helping the market adapt to the changing trends
and technologies and stay updated. E- Commerce has a major impact on
the commercial real estate business, from the industrial real estate benefit
from its growth to seeing space buying and leasing becoming a smaller part
of retail operations.
They may also try the new trend in consumer behavior to build new revenue
stream and diversity into new products categories
THREATS
The increase in the cost of building materials and labor results to increase in
construction cost.
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BUSINESS SCHOOL
Leganes, Iloilo Pototan, Iloilo Ivisan, Capiz
Ayala Land and Megaworld Corporation are just some of the dominant
players in real estate industry for years even before DDP was incorporated.
Making it more difficult to compete and be one of the top real estate
companies in the country.
Real estate developers are required to follow strictly the guidelines of the
DENR. Any changes in the current environmental laws and regulations
applicable to the Company may increase the Company’s operating
expenses. The Company complies with environmental laws and will keep
abreast of any changes in such laws which may have an impact on its
business.
The inevitable collapse of asset bubbles wipes out net worth of investors
and causes exposed businesses to fail, potentially touching off a cascade
of debt deflation and financial panic that can spread to other parts of the
economy resulting in a period of higher unemployment and lower
production that characterizes a recession. When an asset price begins
rising at a rate appreciably higher than the broader market, opportunistic
investors and speculators jump in and bid the price up even more. Other
prices in the economy are rising to normalize the relative prices of the
bubble assets, dampening and no new money is entering the economy to
fuel more bubble price rise, both of which also dampen expectations of
future bubble price appreciation.
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ST. VINCENT COLLEGE
BUSINESS SCHOOL
Leganes, Iloilo Pototan, Iloilo Ivisan, Capiz
Weighted
Threats Weight Rating Score
1. The increase in the cost of building materials and labor
results to increase in construction cost. 0.10 2 0.20
4.
Changes in the environmental laws and regulations. 0.08 3 0.24
5.
Domestic asset price bubble in the Philippine real estate
industry. 0.08 3 0.24
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ST. VINCENT COLLEGE
BUSINESS SCHOOL
Leganes, Iloilo Pototan, Iloilo Ivisan, Capiz
4.
DoubleDragon Corporation has already established
name in its industry through real estate and other
businesses.
0.10 3 0.30
5.
DoubleDragon investments is fast-growing.
0.08 3 0.24
Weighted
Weaknesses Weight Rating Score
1. They lack visibility through advertisement on what they
0.08 2 0.16
offer.
2.
Invested on a lot of business lines and establishments. 0.09 1 0.09
3.
The unfamiliarity of Double Dragon Properties into
shifting from realty industry to another field of
businesses. 0.09 2 0.18
4.
The availability of products on international market. 0.10 2 0.20
5. The products and services offered by DoubleDragon is
limited only. 0.09 2 0.18
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ST. VINCENT COLLEGE
BUSINESS SCHOOL
Leganes, Iloilo Pototan, Iloilo Ivisan, Capiz
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ST. VINCENT COLLEGE
BUSINESS SCHOOL
Leganes, Iloilo Pototan, Iloilo Ivisan, Capiz
Chapter Ⅲ :Conclusion
Double Dragon Properties Corporation (DD) was founded by Edgar "Injap" Sia II, it
was originally named as Injap Land Corporation. Then later on, it was renamed as Double
Dragon Corporation and was popularly known in the real estate industry. Recently, it
established a joint venture holding company with the Honeystar Holdings Corporation headed
by Tony Tan Caktiong.
One of the current strategies that DD has been implementing is CentralHub industries
centers. CentralHub’s industrial warehouse complexes are fit for use as a warehouse,
commissary, cold storage facility, and logistics distribution center. Last January, 6.2 hectares
of warehouse has been completed in Tarlac. Other completed CentralHub assets are in
Capiz, Tarlac, Pasig, and Laguna, while three more hubs are expected to rise in Iloilo, Davao,
and Cebu. It seems that this strategy is working as it “significantly strengthened” its debt-to-
equity ratio during the pandemic to become one of the “lowest and healthiest” ratios among
listed companies in the Philippines.
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BUSINESS SCHOOL
Leganes, Iloilo Pototan, Iloilo Ivisan, Capiz
its digital footprint to support its various key businesses, and to start up digital innovation
products to support the country’s economic segments such as retailers, and small and micro
enterprises. Internally, the company will continue to fast track the shift to full digitalization of
its business processes, particularly in sales and marketing, customer services, property and
building management, and finance. For their stability, the company will focus in ensuring a
consistently strong balance sheet, strengthening of land banking initiatives through strategic
acquisitions and partnerships, completing and delivering committed projects on-time,
reinforcing a stable recurring income stream, and expanding the township concept by adding
sustainable and crisis-resilient features.
The strategies of DoubleDragon Corporation, Ayala Land Corporation, and Megaworld
Corporation are similar in that they are all committing to emerging new technology,
international expansion, and stable funds to support their actions and achieve their goals.
Given the environmental analysis, some major part of Double Dragon Company was
severely hit by the COVID-19 pandemic and the prolonged lockdown of Metro Manila. While
their chains of community-based shopping malls are all located outside National Capital
Region remain its operation and manage to generate income. Its hotels nearby filled by
business process outsourcing (BPO) employees. This shows that the company diversification
became their advantage amidst the pandemic. Even though it’s not a top player in the field
of real estate, it was able to survive the adverse effect of pandemic that almost stop the
activity of the world and still able to generate fund for its operation. DoubleDragon
Corporation close proximity to growing commercial areas within the business district and
accessibility due to complete transportation hubs and services in the area helps the company
to widen their target market and as time passed by it will convert to the capability to increase
profit and market share. Despite not having visible marketing, it was successfully builds its
own name in the real estate industry. It has been able to venture to other businesses. This
also leads for the company to gain more investors which indicate that DD is well-trusted and
maintaining its good relationship with its stockholders as well as to its customers. It simply
shows that the company has ability to raise fund as many investors is willing to invest their
money as they are aware that it has the capability to gain profit as well as dividend.
Although, the company is doing well in its chosen field, the company may expand its
branches internationally to increase market share in a global level. Global expansion offers
an opportunity to conquer new territories, thus increasing sales. Also, DD entering in a
business sector where their rivals do not operate yet has a first-mover advantage that allows
building strong brand awareness with consumers before competitors does. Global
development can likewise assist companies acquire access to new innovations, which may
essentially improve their operations and be an edge towards other industry players. The
adaptation of modern technologies could ease the company and its customers for a better
and more efficient communication inside the company and their customers. Additionally,
increasing presence of the company through advertisement could have greatly influence its
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ST. VINCENT COLLEGE
BUSINESS SCHOOL
Leganes, Iloilo Pototan, Iloilo Ivisan, Capiz
standing. Either electronic advertising or the print campaigns can directly influence sales-
driving more customers directly to the company’s website or office. DD trying to fit in and
come up with the emerging trends in the society allows the company to try catering outside
of the country or expand its market globally as it is an opportunity for the company to continue
growing based on their strengths in formulating and implementing strategies for the
company's benefit. DoubleDragon Corporation should consider these opportunities
necessary for long-term growth.
The numerous potential opportunities for DD, doesn’t mean that they are free from
presence of threat because it is inevitable. Being known as the fastest growing company,
DoubleDragon also has its threats to consider as the market becomes more vulnerable due
to resent changes caused by the pandemic from the market demands, customer preferences,
and trends. Threats that the company are currently facing are increase in construction cost,
strong competitors, customer satisfaction, change in environmental laws and regulations, and
bubbling of domestic asset price. Russia invasion in Ukraine fueled up to the increase of
construction materials as it is the cause of increase in transportation costs and some material
use in construction are from either Ukraine or Russia. These threats ought to be addressed
since it may significantly affect the company. Prior to the birth of DD, many real estate
companies were already well-established and continue to dominate the field up to these days.
Threats might actually limit their operations and hinder to achieve their mission and vision. It
must be addressed as soon as possible before it can inflict any harm to the business.
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BUSINESS SCHOOL
Leganes, Iloilo Pototan, Iloilo Ivisan, Capiz
STRENGTHS WEAKNESSES
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BUSINESS SCHOOL
Leganes, Iloilo Pototan, Iloilo Ivisan, Capiz
4. They may also start e- network technology spread allow the company to take
commerce to gain strong fast. (O4, S1) advantage of the niche
online presence. 4. To invest more in real markets. (W2, O5)
5. They may also try the estate trust and build 4. Improvement of
new trend in consumer technological trends for real marketing promotion
behavior to build new estate business effectively and efficiently.
revenue stream and development. (O3, S3, S5) (W1, O2)
diversify into new product
categories.
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ST. VINCENT COLLEGE
BUSINESS SCHOOL
Leganes, Iloilo Pototan, Iloilo Ivisan, Capiz
Going global could open up a whole new world of opportunities for the
company. Taking your firm outside of your comfort zone to trade globally could
make it stronger, more successful, and profitable. It may increase the lifespan of
the company, its revenues, and even the management of its cash-flow. In contrast,
expanding globally could lead to language and cultural barriers, government
restrictions on immigration, risk of non-compliance of laws and regulations and
setup cost will be incurred for entering in international market.
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ST. VINCENT COLLEGE
BUSINESS SCHOOL
Leganes, Iloilo Pototan, Iloilo Ivisan, Capiz
them to respond to queries and concerns, it will reveal itself to a lot more
individuals and even to their competitors.
4. To invest more in real estate trust and build technological trends for
real estate business developments.
Innovations covered all sectors and makes work progressive. In real estate,
technological innovations seem to be so important to cope up with trends and
satisfy demands. One adversity about technology use in real estate is it gets easily
replace and pace out. When not use efficiently, it can build up cost and not even
serve its true purpose. But when the purchase of technology is well-researched
and the person in-charge is capable to use it efficiently, it will create a positive
impact to the business.
ST Strategies
2. Use its established name to attract more investors to cope with the
increasing cost of building materials and labor for construction.
Every business should consider external investment since it can help them
innovate, expand, and grow. Investors are a key resource for entrepreneurs, as
they provide crucial financial support for their ventures. Nevertheless, persuading
them to participate in a project can be difficult. There are numerous benefits to
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ST. VINCENT COLLEGE
BUSINESS SCHOOL
Leganes, Iloilo Pototan, Iloilo Ivisan, Capiz
having investment come into the company, and they go beyond simply providing
a business with a reliable source of capital. Attracting new investors may help to
overcome financial obstacles and can have a good impact to the company’s clients
and customers, instilling trust in your company and its future. However, it can
create a lot of pressure to the company who does not meet the expectations of
investors and will limit the upside potential of the company if it will become
successful.
Cost reduction will assist in making things more affordable for consumers.
This will result in increased demand for products, cost savings from large-scale
production, increased employment as a result of industrialization, and an overall
improvement in living standards. Cost cutting will also aid in efficiently addressing
competition, higher profits will result in higher tax revenue for the government, and
export prices may be reduced as a result of cost reductions, potentially increasing
overall exports. Thus, employees may not like the cost-cutting plan at first, and the
program may be jeopardized, because the success of any cost-cutting plan
depends on the employees' willing collaboration and active involvement and it is
probable that the cost savings will not be permanent. It may not be based on valid
reasons and may be ephemeral, with costs returning to their original levels once
temporary factors (such as lower material prices) that caused cost reductions fade
away.
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BUSINESS SCHOOL
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WO Strategies
Trust is the social glue that ties commercial relationships and corporate
collaboration together. Business partners that trust each other spend less time and
energy defending themselves from being exploited, and both sides obtain greater
financial results in negotiations. Building a "high trust" culture begins to break down
the barriers that divide individuals based on their specialties, as well as the
obstacles that exist across departments and specialties. Trust, cooperation, and
networking improve communication, which is important in any workplace, boost
productivity, make conflict resolution easier, and reduce the uncertainty of
partners' behavior, especially when they come from different cultural, economic,
and political contexts, and boost each partner's level of commitment to the
corporation. This occurs for a variety of reasons, including the fact that after
spending enough time cooperating and getting to know one another, business
partners are better able to synchronize quality output, boost company efficiency,
and maintain ethical working standards across their value chains. Furthermore,
having a stronger working connection with your colleagues and buyers allows you
to optimize production, saving time, money, and effort. But even so, trust can be
taken for granted. Over time, the majority of members may lose interest in running
the organization, allowing a small group to take over and manage it for their own
gain. Communication between partners may become ineffective, resulting in
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BUSINESS SCHOOL
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WT Strategies
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BUSINESS SCHOOL
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4. Despite the pricing strike, aim to grow new business in locations with larger buying
capability.
Expansion to a new site with larger buying capabilities is unlikely to make sense
unless the new location offers tangible advantages over your present location or concrete
solutions to the issues that your current location faces. Despite inflation, individuals are willing
to pay any price for goods and services for its quality, brand value, and just to satisfy inner
self. Growth indicates success. It opens up new opportunities, attracts more clients, and
increases profitability. However, there are many risk associated with increasing the business.
The corporation may run out of funds as it incurs additional costs to fulfill expansion
expenses.
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ST. VINCENT COLLEGE
BUSINESS SCHOOL
Leganes, Iloilo Pototan, Iloilo Ivisan, Capiz
Chapter Ⅵ: Recommendations
Getting your foot in the door of a new industry is never easy. Whether you
want to launch a business or merely partner with a brand in that market, the
process of breaking in is difficult and must be done with caution. DoubleDragon
Corporation's entry into a new business is inherently risky, but it has the potential
to yield enormous revenues if handled wisely. You can get an advantage over
your competitors by entering new markets, particularly emerging ones. If they don't
already have a presence in a certain country, the company may have a first-mover
advantage and the opportunity to develop a brand presence as the go-to place. As
previously stated, new places bring new opportunities. DD Corporation may have
access to technology, labor pools, or industrial ecosystems that are completely
aligned with the goals and objectives of the business. This strengthens your brand
and gives you a competitive advantage. And the company's image and notoriety
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ST. VINCENT COLLEGE
BUSINESS SCHOOL
Leganes, Iloilo Pototan, Iloilo Ivisan, Capiz
might increase over time. It is easier said than done to enter new markets. It
necessitates a well-planned company and marketing strategy. You must also
decide whether or not it is a good fit. Even a successful agile firm may struggle in
a new market against a well-established opponent.
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BUSINESS SCHOOL
Leganes, Iloilo Pototan, Iloilo Ivisan, Capiz
ventures with other property developers in other countries. Through this concept it
allows Double Dragon generate revenue and income twice, first from the pre-
selling of the units, and once the project is constructed, from recurring income from
hotel operations.
The increase in consumer spending in turn helps the economy sustain its
expansion. It is essentially a customer's ability to make a purchase with the amount
of money available. It's important to have a thorough understanding of who their
target audience is, what occupation they have, and what their net income is.
Typically, the higher the income a consumer has, the greater the buying capacity
they have.
All future sites must be secure and be located along national highways,
nearby roads, or city centers.
The location factor is very important because it is typically what first attracts
consumers as well as the accessibility of which creates the desire to visit. It should
be convenient for your customers, employees, and suppliers. Nearby roads or city
centers give the best examples.
High levels of customer satisfaction are a business goal for every brand and
are key to success. We recommend putting time and effort into a business strategy
that puts customers first. As a result, you can receive valuable insights into areas
to improve and also find out what works well. One way to increase customer
satisfaction is to communicate with the customer.
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BUSINESS SCHOOL
Leganes, Iloilo Pototan, Iloilo Ivisan, Capiz
Chapter Ⅶ - References
Retrieved from:
www.doubledragon.com
https://en.calameo.com/books/003843832efea7e2f2b47?fbclid=IwAR3HTaHDF43j
ziSpv yKoPSoI6VlyyLa75FEUC4c4ZvAmUmBXkpms_Ssox5w
https://josiahgo.com/qa-with-double-dragon-properties-chairman-edgar-injap-
sia-ii-on- new-category-
strategy/?fbclid=IwAR18XTxhxmlcW7817h2QRJfktUbnvF2V2g-
Y8GtWhb5eeK5HGHHIHnBFlAQ
https://www.bworldonline.com/corporate/2022/01/18/424146/centralhub-
completes-6-2- hectare-industrial-warehouse-in-
tarlac/?fbclid=IwAR2RTc40aaVdtWj2VeWEQi0UKyRq8XoZ768C0fAV4w7gRJQZ
dadUh yUCkeY
Environmental Scanning
Retrieved from:
https://www.megaworldcorp.com/news-and-updates/megaworld-optimistic-
quick- recovery-rolls-out-4-point-plan-rise-pandemic-impact
https://annualreport.ayala.com/2019integratedreport/our-value-creation/our-
strategy/0
https://www.philstar.com/business/2018/05/04/1811830/ayala-expands-its-
global- footprint-across-
sectors?fbclid=IwAR2eXfFM58XF1NWZ6uP640JZ3cUPK6da6p4j-
y2OPfjN7hQiIqaC2Wouejg
https://www.megaworldcorp.com/?utm_medium=company_profile&utm_source=tru
stpilot &utm_campaign=domain_click
https://www.bizjournals.com/houston/news/2021/06/07/3-ways-the-e-commerce-
boom- has-affected-
commercial.html?fbclid=IwAR2UaboNQEOLwFNUcUMG6mArGvzN4E-
hoimkYfB3iraNJswLXFYtUgOsO2c
https://business.inquirer.net/347009/ayala-land-pumps-p2b-into-venture-with-lucio-
tan?fbclid=IwAR3NbaGwAj2EcIvZkFJ8AA71SllkzOZa6gjMUAt9atDGj4DTfLSG3Ly
KB_E #ixzz7SIxZ8zVR
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