Belle Corporation is one the Philippines’ ASEAN Asset Class awardees for excellence in corporate governance.
Belle Corporation (Belle) bagged the prestigious ASEAN Asset Class award anew for outstanding corporate governance during virtual ceremonies held on December 1, 2022.
Commenting on Belle’s recent accolade, Jackson Ongsip, President and Chief Executive Officer, said: “corporate governance in our Company remains a pillar towards value creation and sustainability and keeps us on the right path when making important business decisions and executing strategies and plans.”
Belle was recognized for high marks in the recently concluded 2021 ASEAN Corporate Governance Scorecard (ACGS) assessments.
ACGS, a renowned assessment program that sets standards and assigns scores to companies that adopt and implement best corporate governance principles and practices, is an initiative of the ASEAN Capital Markets Forum (ACMF) towards integrating members of the regional bloc.
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 79.78%-owned subsidiary, Premium Leisure Corp., 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.