Philippines' Maosonon Island, El Nido Palawan is now for sale in UK ₱200 Million

Maosonon Island, El nido Palawan Philippines is now for sale for  ₱200 Million

Paradise Island goes on sale in the Philippines

 

AN island hideaway has gone on sale in the Philippines.

 

Maosonon Island – which has no inhabitants – is on the market for a cool £2.9million (₱ 200 million Philippine Pesos).

 

The buyer will be the only person living there, and will have sole access to the 112acres of unspoilt land.

 

It features beautiful white sand beaches, palm trees and the promise of blue skies and warm weather all year round.

 

The buyer will also own also a SECOND smaller triangular island jutting off into the sea.

 

The main island features private natural harbors, rolling hills, hidden rocky coves and elevated woods.

 

Scuba-dive or swim in the stunning coral waters that surround it.

 

Maosonon is part of a protected area in the Philippines known as El Nido. It is one of the world's most stunning seascapes and measures are in place to protect the rich diversity of flora and fauna.

But despite there being no buildings on Maosonon island, the sellers claim there are opportunities for business ventures for the buyer - presumably in the tourist market.

 

With no runway the only access if by boat, but it is close to other islands in the El Nido area and can be accessed from Manila, the capital of the Philippines.

 

Currently, no studies have been conducted on the island, which is why it's known as 'Mystery' Island.

Kalupitpit Island, El nido Palawan Philippines

 

Erna Tacata, Marketing Specialist at InvestPhil Realty who are selling it said: "The beauty and richness of Maosonon is yet to discover.

 

"It's an excellent getaway for sun-seekers who crave warm weather all year round.

 

"It's a diverse island and there's opportunity for business ventures too.

 

"It's known as a virgin island but once the island is sold it was the owners' discretion if he or she will open it to public or will use it as a private place." (Read more here http://goo.gl/vRHjN )

 

The Sun

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Bad Price - Philippines’ AgriNurture cancels 20-year supply deal with SM Mall Group

AgriNurture cancels 20-year supply deal with SM Group

 

Listed AgriNurture Inc., one of the largest biggest producers of fruits and vegetables, canceled an almost two-decade supply relationship with major client SM Group, which owns the Philippines's largest supermarket chain, a disclosure to the Philippine Stock Exchange showed on Thursday (October 25, 2012).

 

 AgriNurture's move could hurt its revenues in the short term but company President Antonio Tiu said in a phone interview that profits are likely to improve. Tiu, who noted that the SM Group accounts for about a 10th of revenues, said AgriNurture decided that it would be more profitable to sell products through traditional "wet" markets.

 

He added that pricing contracts with SM were no longer "realistic" for the company. A spokesman for the SM Group did not immediately respond with any comment. "At the end of the day this will bring more value to the bottom line," Tiu said.

 

AgriNurture booked ₱1.45 billion in revenues in the first half, up 51 percent, although net income dipped 6.7 percent to ₱101.38 million. In its disclosure, AgriNurture said its units First Class Agricultural Corp. and Fresh & Green Harvest Corp. have given notice to Super Value Inc. and Super Shopping Market Inc. that it would stop supplying SM Supermarkets and SM Hypermarkets with fresh fruits and vegetables.

 

It also intends to pull out of all inventories in the supermarket chains of the SM Group by October 26 for SM Supermarkets and October 31 for SM Hypermarkets. "The end of the two-decade-old supply relationship with the supermarket chains of the SM Group is expected to have only a small positive effect on the company's income for the rest of 2012, but will result in a more pronounced positive effect in 2013," AgriNurture said.

 

The cessation of the supply relationship will free up approximately ₱60 million in working capital tied up in credit lines to the SM Group supermarket chains, the disclosure added. AgriNurture shares closed flat at ₱8.06 each on Thursday, giving it a market value of ₱4.3 billion. (http://goo.gl/fj66p)

 

Business Mirror

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