Belle PLC feted for good governance

 

Belle Corporation (Belle) and Premium Leisure Corp. (PLC) were recently recognized as listed companies that sustain good governance practices. Scoring over 90 points, Belle and PLC were two of the eight SM companies awarded during ceremonies held last July 31, 2018 at the Tower Club in Makati. The Institute of Corporate Directors organized the awards and has been serving as the domestic ranking body of the ASEAN Corporate Governance Scorecard.

About Belle Corporation

Belle Corporation is a developer of tourism and leisure destinations in the Philippines. Its principal asset is the City of Dreams Manila in PAGCOR Entertainment City by Manila Bay, which is being leased on a long-term basis to Melco Resorts and Entertainment (Philippines) Corporation (Melco). In addition to lease income, Belle is accorded a share in revenues or earnings from City of Dreams Manila’s gaming operations through the operating agreement between its 78.7%-owned subsidiary, Premium Leisure Corporation (PLC), and Melco. Belle also owns approximately one hectare of presently undeveloped land across from the City of Dreams Manila site.

South of Metro Manila, Belle owns significant real estate assets and develops premium residential resort projects around Tagaytay City. Among its exclusive destinations are the club and golf facilities and residential communities of Tagaytay Highlands and Tagaytay Midlands, as well as a further 800 hectares intended for future development.