Tan was recognized for his "many entrepreneurial activities and initiatives."

Property giant Megaworld is set to complete a record number of office and commercial projects this year, strengthening the company’s recurring income portfolio that is expected to further drive double digit growth in the next three to five years.

Our net income grew 12 percent during the first three months of the year to P3.3 billion, from P2.9 billion last year.

In 2017, Megaworld grew its net profit by 13 percent to P12.8 billion in 2017. Consolidated revenues rose by 8 percent to P50.4 billion, boosted by the 18% expansion in rental revenues while residential revenues also picked up.

The healthy growth was underpinned by the strong performances of its key businesses in residential and hotel developments, office as well as commercial space leasing in malls and shopping centers.