Brittany Corporation flexes its financial muscles

It's the 4th of july weekend over in US and everybody is on a travel mode once again. The Feds have decided to maintain federal funds rate (the rate that banks charge each other) at 5.25%, where it has been pegged for the last year.

Over here in our backyard, a mutiny leader has been proclaimed as 1 of the country's senator, not once but TWICE! And the 12th spot is been hotly contested between a son of a current senator and a congressman from Bukidnon in Mindanao.

For those watching how your hard earned dollars will fare at the exchange for the last 6 months of the 2007, our Bangko Sentral ng Pilipinas has estimated that the range would be around Php47-Php48 to a dollar. As I write this post, we are doing Php46.20 to a dollar, meaning things will be better for you (and our exporters) by a peso and fifty centavos by the time I hear kids sing Christmas carols in front of my home.

Before I eat my sinangag and tuyo with 3 in 1 coffee, I would like to briefly write about how Brittany Corporation plans to solidify its hold on being the largest property developer (at least geographically). First they drummed up news on their impending IPO. Then just last week they announced how their share prices were accepted very warmly by the public. Now, its the 3rd installment of my being the 'lensmaster' for my kababayans there working for Uncle Sam (as well as our relatives working in the Middle East) - Brittany Corporation's holding group, Vista Land has set aside 7B pesos in the next 2 years to fast track all its property developments outside Metro Manila - yes my dear igans, including our blog place of interest the south of Manila Real Estate (Somare). This announcement has been made by no less than Vista Land's CEO, Jing Serrano.

Here are some of the places that will see major property development from Brittany Corporation; Angeles, San Fernando in Pampanga, Baliuag in Bulacan, Batangas City, CDO, Cebu City and Davao.

I will keep you posted as Brittany Corporation flexes its financial muscle in the coming months - now let me go back to my sinangag, tuyo and 3 in 1 coffee. Happy 4th of July!