Andrew Tan’s Megaworld To Invest $797 Million In Palawan Township, Betting On Tourism Rebound

Megaworld—controlled by billionaire Andrew Tan—said Monday it will invest 40 billion pesos ($797 million) to develop an “eco-tourism township” in the southwestern Philippine island of Palawan, betting on a robust recovery in the leisure travel market amid the increasing rollout of Covid-19 vaccines.
Megaworld—controlled by billionaire Andrew Tan—said Monday it will invest 40 billion pesos ($797 million) to develop an “eco-tourism township” in the southwestern Philippine island of Palawan, betting on a robust recovery in the leisure travel market amid the increasing rollout of Covid-19 vaccines.