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  • Philippines Mactan casino project to start in 2017: Calata

    Philippines Mactan casino project to start in 2017: Calata

    Philippine fertiliser product distributor Calata Corp says construction works for its Mactan casino resort are scheduled to start in January 2017.

    “There will be a 36-month construction schedule with six months for warranty works giving it a total of 42 months to complete. The projected date of completion would be in the middle of 2020,” the firm stated in a Friday filing to the Philippine Stock Exchange. The filing was in response to a query from the exchange on the Mactan project and the parties involved.

    The project – named Mactan Leisure City – is being developed in partnership with U.S.-based Sino-America Gaming Investment Group LLC and the latter’s subsidiary Macau Resources Group Ltd. Mactan is an islet linked by bridge to the Philippine holiday island of Cebu.

    Macau Resources Group’s registration on the OTC Markets Group exchange, based in New York, United States, was revoked last month, after the firm’s failure to make required periodic filings with the U.S. Securities and Exchange Commission. Calata said in its Friday filing that Macau Resources Group shareholders had “agreed to deregister” the firm from the exchange “to provide management the ability to effectively rebrand and position the company”.

    Calata added: “Once rebranded, the company will then be re-registered as Jade Leisure and Entertainment Group, on the [OTC Markets Group exchange], with a goal to list on the Nasdaq at the earliest opportunity.”

    The partnership between Calata, Sino-America Gaming and Macau Resources Group was first announced on Tuesday. The Philippine firm explained at the time that it would involve “the creation of a corporate vehicle intended for the future establishment of a real estate and investment trust (REIT)” which would be used for the Mactan project. The corporate vehicle – in which Calata will have a 51 percent stake – is to be established by next month, the firm said in Friday’s filing.

    Under the Philippines’ constitution and public land laws, only Filipinos, or entities owned at least 60 percent by Filipino citizens, are allowed to own land.

    In a story published by GGRAsia in April 2015, Sino-America Gaming managing director Michael Foxman had provided several details about the group’s plans for Mactan. At the time, Calata’s name was not mentioned.

    Mactan Leisure City has been presented by Calata as “a PHP65-billion [US$1.4-billion] integrated resort incorporating three hotels, casino and entertainment complex, commercial, retail, and conference facilities, and yacht club, situated at a 14-hectare property located on Mactan Island, Cebu”.

    The firm stated on Friday it expected to secure a casino licence for the project from the country’s gaming regulator – the Philippine Amusement and Gaming Corp (Pagcor) – by the end of 2017.

    “The target submission of the complete application with Pagcor will be by late October 2017,” Calata stated. The firm added that the project had already received support from local authorities, civic groups and the Catholic Church.

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  • Calata corporation innovates for agriculture industry in the Philippines

    Calata corporation innovates for agriculture industry in the Philippines

    The Calata Corporation has made significant strides within the agricultural industry in The Philippines. In fact, the country has grown significantly within this sector and it is now one of the most diverse and innovative in the region. Agriculture is the largest industry in the Philippines. It is vitally important to the country’s gross domestic product and the livelihood of thousands of farmers and millions of people. Although agriculture has been a long-standing industry here, the innovations and modifications made by Calata Corporation really have helped to open the door for opportunity and have changed the industry.

    Investing in Agriculture

    When the founder of Calata Corporation set out, he aimed to provide an improved model for doing business within the agricultural sector. He did so because he believed, and still does, that investing in the agricultural industry will boost the economy and bring improvement in the future of The Philippines. Joseph Calata has talked numerous times about the importance of agriculture, not in just the old way of farming, but in innovative, tech-based improvements that can help the industry to soar locally.

    But, how did he and the company itself change the industry?

    A look back at what Calata Corporation started at can provide some insight. The 30-something-year-old business professional is happy to talk about the retail business his family owned. At that time, it was a small retail outlet that met the needs of just those in the local area. It sold fertilizers that were very important to the industry. Yet, this wasn’t enough to spur the development and growth necessary within the company.

    Today, Calata and his team have opened the door for all farmers and agricultural businesses in The Philippines by providing better access to materials and products that improve the industry. This includes a number of significant changes.

    • He introduced technology that improved the inventory tracking and management processes, reducing man hours spent.
    • He introduced innovative methods for using land and for developing a better quality of product every time.
    • He also worked to expand the company to provide better access to materials to more sectors.

    Once a fertilizer based business, Calata Corporation now dominates numerous industries. It’s AGRI component still offers fertilizers, as well as numerous other products that help to protect the investments farmers make. It also offers a seed division, a planting equipment division, retail stores for local access to farmers, and a distribution network that spans from the ground through the distribution of final products. He’s added in soya, cassava, corn, and rice to the industry while also improving animal feeds and processing.
    As a conglomerate of numerous companies and sectors, it is far easier for the companies within this sector to thrive. They now have better access to materials, high-quality seeds and industry knowledge.

    They also have access to better materials, which has become one of the most important components to the industry’s development and growth. In short, Calata Corporation connects farmers and technology, innovation and proven methods, and cost effectiveness and growth. It is in these connections that the company has been able to change the agricultural industry and the lives of many of those who are working in it today. Calata Corporation and Joseph Calata continue to innovate to achieve even more for the future.

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