GFTG

AcronymDefinition
GFTGGo for the Gold
GFTGGift for the Geek (Australia)
GFTGGarments for the Gospel (Canada; est. 1996)
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References in periodicals archive ?
She said that Sanya CEDF Sino-Philippine Investment Corp., which recently gained majority shares in GFTG, had proposed to put up 80 ultra-high-end housing units perched on water along the coastline of Grande Island up to Chiquita Island.
The SBMA official noted that previous changes in the corporate control or ownership of GFTG were made without the consent of the SBMA.
'These violated the Lease and Development Agreements that GFTG had signed with SBMA,' she said.
Because of these issues, the SBMA Board passed a resolution on May 19, 2019, that withdrew consent to the change in control and ownership of GFTG, Eisma said.
She said that Sanya CEDF Sino-Philippine Investment Corp., which recently gained majority shares in GFTG, had proposed to put up 80 ultra high-end housing units perched on water along the coastline of Grande Island up to Chiquita Island.
The SBMA official noted that there had been previous changes in the corporate control or ownership of GFTG that were made without the consent of the SBMA.
The Board also noted the need for 'further coordination between the SBMA and the Department of Finance with respect to this change in the control/ownership of GFTG, including the payment of appropriate taxes for the transfer of shares of GFTG.'
GFTG had initially committed an investment of P180 million to construct a three-story five-star hotel, build a marina parking area and upgrade recreational facilities on Grande.
In April this year, GFTG brought in Sanya after supposedly signing a deal for partnership at the sidelines of President Duterte's visit to Beijing for the Belt and Road Initiative Forum.
On May 19, the SBMA board of directors passed a resolution withdrawing the consent to the changes in control and ownership of GFTG.
GFTG had initially committed to invest P180 million for a three-story, five-star hotel, a marina parking area and recreational facilities there.