Filinvest Development Corporation (FDC) was incorporated on April 27, 1973, and in 1984, the Gotianun family consolidated their real estate interests in FDC after divesting their shares in two family-owned banks, namely, Family Bank and Trust Company and the Insular Bank of Asia and America. By 1990, the Company expanded its product line to include the construction and sale of low-cost and medium-cost housing units. The product line was further extended to include the development of commercial district, leisure projects such as farm estates and sports clubs, and construction of residential and office condominiums. At present, FDC is also involved in mall, theater and resort hotel operations, banking and financial services, sugar farming and milling and beginning late-2009, power generation business.
FDC's subsidiaries, joint ventures and affiliates include Filinvest Land, Inc. for residential property development; and Filinvest Alabang, Inc., Festival Supermall, Inc., Cyberzone Properties, Inc., and Filinvest Asia Corporation for commercial property development. The Company's involvement in banking and financial services are led by East West Banking Corporation and FDC Forex Corporation, while the sugar farming and milling businesses are handled by Pacific Sugar Holdings Corporation, Davao Sugar Central Co., Inc., Cotabato Sugar Central Co., Inc., and High Yield Sugar Farms Corporation. Seascapes Resort, Inc., Filarchipelago Hospitality, Inc., and Filinvest Hotels Corporation are FDC's subsidiaries for its venture in the hospitality business. FDC's venture into power generation business is through subsidiaries Eco Renewable Energy Holdings, Inc., FDC Utilities, Inc., Cebu Pure Energy, Inc., Strong Field Gas Power Corporation and Strong Field Gas and Electric Corporation, the last three of which were incorporated in March 2011.
FDC's subsidiaries, joint ventures and affiliates include Filinvest Land, Inc. for residential property development; and Filinvest Alabang, Inc., Festival Supermall, Inc., Cyberzone Properties, Inc., and Filinvest Asia Corporation for commercial property development. The Company's involvement in banking and financial services are led by East West Banking Corporation and FDC Forex Corporation, while the sugar farming and milling businesses are handled by Pacific Sugar Holdings Corporation, Davao Sugar Central Co., Inc., Cotabato Sugar Central Co., Inc., and High Yield Sugar Farms Corporation. Seascapes Resort, Inc., Filarchipelago Hospitality, Inc., and Filinvest Hotels Corporation are FDC's subsidiaries for its venture in the hospitality business. FDC's venture into power generation business is through subsidiaries Eco Renewable Energy Holdings, Inc., FDC Utilities, Inc., Cebu Pure Energy, Inc., Strong Field Gas Power Corporation and Strong Field Gas and Electric Corporation, the last three of which were incorporated in March 2011.
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