Recognizing the evolving needs of home buyers and investors, the Philippine real estate players have become more strategic, innovative, and customer-focused, transforming the market into a more sophisticated, sustainable, and competitive sector. Following this direction, the property...
The onset of economic reforms and foreign investment in the 1980s spurred commercial and residential property development in the country, marked by increased competition and diversification of the property sector. Single-use property developments have evolved to mix-use properties since the 1990s...
A former finance secretary has called on financial executives to utilize their expertise to ensure national resources are used to improve the lives of Filipinos, citing concerns over recent budget allocations. In a statement, Ramon R. del Rosario, Jr., PHINMA Corp. chairman and chief executive...
Emperador Inc., the liquor unit of tycoon Andrew Tan’s Alliance Global Group Inc., is expanding its premium product portfolio with the acquisition of a majority stake in mezcal manufacturer Destileria Los Danzantes S.A. de C.V. (Los Danzantes). In a disclosure to the Philippine Stock Exchange,...
Engineering and infrastructure conglomerate Megawide Construction Corporation and Maplecrest Group Inc. (MGI), through the joint venture Cavite Rapid Transport Inc., have signed the contract for the P1.87 billion Cavite Bus Rapid Transit System Project (CBRT) with the Provincial Government of...
VisMin developer Cebu Landmasters Inc. is aiming to grow its hotel portfolio by fivefold to almost 2,700 to 3,000 rooms in three years as part of plans to have enough recurring income assets for its planned real estate investment trust (REIT). In an interview, CLI Chairman and CEO Jose Soberano III...
Citicore Renewable Energy Corp. (CREC) is selling a portion of its shares to PT Pertamina Power Indonesia (PNRE) to fund its renewable energy (RE) projects in the Philippines and Indonesia. In a disclosure to the Philippine Stock Exchange (PSE) on Friday, Jan. 31, CREC announced that Citicore Power...
Advancing digital inclusion just makes sense for Secretary Ernesto V. Perez, Director General of the Anti-Red Tape Authority (ARTA). In a developing country such as the Philippines, reliable connectivity can prove life-changing. Indeed, connectivity is no longer an option but an imperative....
BACOLOD CITY – Filipino-Chinese business tycoon Hans T. Sy was warmly welcomed during the 20th Bacolaodiat Festival here on Thursday, Jan. 30. Sy, accompanied by his son Harvey and daughter Hanna Carinna during their visit at the Bacolod City Government Center, was named Honorary Mayor and...
Real estate giant Ayala Land Inc. (ALI) continues to expand its retail leasing portfolio with the opening of 78,000 square meters (sq.m.) of commercial space this year, alongside an additional 700,000 sq.m. in the pipeline as sales from newly renovated areas more than double. Speaking to media, ALI...
Havitas Properties Inc., a niche real estate developer put up by industry veterans and tycoon Michael Tan, is developing two leisure projects in Batangas and La Union worth about P2.1 billion while laying the groundwork for its entry into the economic housing segment. “Rather than focusing...
West Zone concessionaire Maynilad Water Services, Inc. (Maynilad) bagged two Silver Awards at the prestigious 2025 Anvil Awards held on Jan. 28, 2025, at the Manila Hotel. The company was recognized for its communications initiatives that highlight efforts to reduce non-revenue water (NRW). The...
