Property News

1Go Loadr delivers logistics innovation
1Go Loadr

In1Go Technologies, a 100% Filipino-owned IT Services and BPO Company offering a suite of value enterprise solutions in project and sales force management, logistics, distribution and supply chain systems, introduces 1Go Loadr, a web and mobile enabled collaborative platform—an online marketplace —where both logistic outsourcees and services providers—haulers and shippers—converge to address the numerous delivery […]

Manila’s Bay Area dubbed hottest residential investment destination
Manila's Bay Area

Metro Manila’s Bay Area now records the city’s fastest average monthly take-up by local and foreign buyers in the past 12 months, according to real estate service provider, Santos Knight Frank. Part of the large track of land reclaimed from Manila Bay, the Bay Area is the site of the Mall of Asia Complex, home […]

PSEi slides 0.47%, closes at 8,358.47
PSEi October 11, 2017

The local stock barometer shied away from record highs yesterday as investors pocketed gains after recent tests on the 8,400 barrier. The main-share Philippine Stock Exchange index (PSEi) shed 39.57 points or 0.47 percent to close at 8,358.47. Elsewhere in the region, stock markets were mostly up, tracking firmer trading in Wall Street overnight. The […]

PAL to start servicing Clark-Catanduanes route
PAL Aircraft

Philippine Airlines (PAL) is beefing up operations in Clark International Airport in Pampanga province. The flag carrier said it would launch flights from Clark to Virac, Catanduanes starting Dec. 15, 2017. “This latest pioneer route enables us to serve the flight needs of our ‘kababayans’ in the province of Catanduanes,” PAL president Jaime Bautista said […]

Andrew Tan proposes 2km Fort Bonifacio-Guadalupe ‘Skytrain’
Skytrain

The group of tycoon Andrew Tan has submitted an unsolicited proposal to build a two-kilometer monorail that will link Fort Bonifacio to the MRT Guadalupe Station, seeking to boost connectivity for commuters amid worsening traffic conditions in the metropolis. The proposal was submitted by INFRACORP Development Inc., a new company created by conglomerate Alliance Global […]

Real estate prices ease in second quarter — BSP
Real Estate

HOME PRICES declined in the second quarter, with costs to acquire single units down a tenth from a year ago, the Bangko Sentral ng Pilipinas (BSP) announced over the weekend. Housing prices dropped by 4.6% in April-June, marking the first time in two years that overall property costs slid since the central bank’s residential real […]

Uber suspends surcharge in low-demand routes
Uber Philippines

MANILA – Ride-sharing service Uber said Friday surcharges for trips in areas with relatively low demand were on hold until further notice from regulators. Uber does not receive any portion of the surcharge and removing it will “decrease significantly” the reliability of its service in the affected areas, the company said in a statement. “The […]

MPIC hikes offer to P20 B to take over MRT-3
MRT-3

MANILA, Philippines — Metro Pacific Investments Corp. (MPIC) has increased its proposed amount of investment to rehabilitate as well as take over the operations and maintenance of the Metro Rail Transit Line 3 (MRT-3), from an initial P12 billion to P20 billion. “The details of the proposal have changed. The required amount of investment is […]

PH retail scene remains upb
SM Mall of Asia

The apparent shift in the global retail landscape may, after all, work out in the country’s favor. While many retail stores in the United States and elsewhere in the world had been shuttered over the last few years, rendered obsolete by the consumer’s growing preference for online shopping among other factors, the Philippines meanwhile has […]