Property News

By Justine Irish D. Tabile | BusinessWorld September 17, 2023 THE Philippine Economic Zone Authority (PEZA) said that five economic zone (ecozone) projects valued at a combined P5.13 billion could be proclaimed by next month at the earliest. “We are hoping that within...

By Keisha B. Ta-asan | BusinessWorld September 18, 2023 THE PHILIPPINES’ outstanding external debt reached $117.918 billion at end-June as the government diversified its borrowings from other countries and institutions. Preliminary data released by the Bangko Sentral...

By Philippine Daily Inquirer September 16, 2023 A new wave of master-planned communities emerges in Mega Manila, combining modern, intelligent features with a range of lifestyle offerings, crafting an amazing living experience for residents with distinctive facilities...

By Anna Leah Gonzales | Philippine News Agency September 12, 2023 MANILA – The Philippine economic team on Tuesday urged entrepreneurs in the Middle East to explore investment opportunities in the Philippines, especially in infrastructure and clean energy. "[There...

By SunStar September 13, 2023 THE Department of Public Works and Highways (DPWH) in convergence with the Department of Trade and Industry (DTI) has completed the concreting of three access roads worth P35.45 million to support agricultural communities in the town of...

By Tyrone Jasper C. Piad | Philippine Daily Inquirer September 14, 2023 MANILA -The P170.6-billion Ninoy Aquino International Airport (Naia) rehabilitation project has drawn interest from five potential bidders, according to the Department of Transportation (DOTr)....

By Niña Myka Pauline Arceo | The Manila Times September 15, 2023 LAST month's higher-than-expected inflation by itself is not enough reason to resume hiking key interest rates, Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona Jr. said on Thursday. "[I]f that's...

By Lance Spencer Yu | Rappler September 14, 2023 MANILA, Philippines – In a bid for greater financial inclusivity, the Bangko Sentral ng Pilipinas (BSP) is pushing for more banks to remove fees on small-value transfers. But without any formal regulations issued, the...

By Keisha B. Ta-asan | BusinessWorld September 14, 2023 THE BANKING INDUSTRY’S nonperforming loan (NPL) ratio remained steady in July despite high borrowing costs and elevated inflation. Based on data from the Bangko Sentral ng Pilipinas (BSP), the Philippine banking...

By Othel V. Campos | Manila Standard September 12, 2023 West zone concessionaire Maynilad Water Services Inc. is spending over P3 billion to upgrade 17 of its existing 22 sewage treatment plants (STPs) over the next five years. The upgrade involves adding treatment...

By The Manila Times September 14, 2023 AIRASIA Philippines on Wednesday said that is eyeing additional airport slots to increase flights to the Visayas and Mindanao. "Additional slots will allow AirAsia to flourish in [the] Visayas and Mindanao, especially since we...

By Ashley Erika O. Jose | BusinessWorld September 15, 2023 ARTIFICIAL INTELLIGENCE (AI) is expected to boost the country’s workforce, the top official of Aboitiz Data Innovation Pte. Ltd. (ADI) said over concerns that emerging technologies will potentially disrupt...

By J.I.D. Tabile | BusinessWorld September 13, 2023 THE BOARD of Investments (BoI) has already approved P800 billion worth of investments as of early September, surpassing last year’s level, Trade Secretary Alfredo E. Pascual said. Mr. Pascual told reporters on Monday...

By Kris Crismundo | Philippine News Agency September 11, 2023 MANILA – Four Japanese companies will be expanding their operations in the country’s economic zones through investments amounting to around PHP10.8 billion, the Philippine Economic Zone Authority (PEZA)...

By Revin Mikhael D. Ochave | BusinessWorld September 12, 2023 LISTED property developer Filinvest Land, Inc. (FLI) recently topped off the first building in its Belize Oasis community in Alabang, Muntinlupa City.    FLI said in a statement that the Building Azul is a...

By Business Mirror Plus September 11, 2023 SM Development Corporation (SMDC) has marked an important milestone in its journey of creating modern living spaces as the groundbreaking ceremony for Now Residences took place last August in Angeles City, Pampanga. The...

By Revin Mikhael D. Ochave | BusinessWorld August 24, 2023 THE PHILIPPINE government on Wednesday invited local and foreign investors to bid for the P170.6-billion public-private partnership (PPP) project to upgrade and operate the aging Ninoy Aquino International...

By The Manila Times August 23, 2023 THE Philippine National Railways (PNR) is undergoing reconstruction for the first time in its history. At the Transport Logistics Forum, PNR chairman Michael Ted Macapagal said that his agency is currently working on the development...

By Justine Irish D. Tabile | BusinessWorld August 21, 2023 THREE MORE stations will be added to the Light Rail Transit Line 2’s (LRT-2) east-end expansion to Antipolo City, as indicated in the feasibility study that would be submitted to the Department of...

By The Manila Times August 25, 2023 THE peso fell for a third straight day against the dollar on Thursday, but the stock market snapped a four-day decline with investor sentiment said to have lifted somewhat. The currency weakened by 3 centavos to P56.76 versus the...

By Keisha B. Ta-asan | BusinessWorld August 25, 2023 LOAN GROWTH slowed for the third straight month in June, reflecting the impact of the Philippine central bank’s aggressive monetary tightening to curb inflation. Preliminary data from the Bangko Sentral ng Pilipinas...

By Niña Myka Pauline Arceo | The Manila Times August 23, 2023 CURRENT caps on credit card charges will be retained to encourage consumer spending and at the same time allow lenders to remain viable, the Bangko Sentral ng Pilipinas (BSP) said on Tuesday. "The BSP's...

By Ed Paolo Salting | The Manila Times August 22, 2023 LISTED real estate developer Shang Properties Inc. saw its net income attributable to parent equity holders in the first half of 2023 increase to P2.4 billion, up 59.02 percent from P1.51 billion in 2022. In a...

By Danessa Rivera | The Philippine Star August 23, 2023 MANILA, Philippines — A unit of Razon-led Manila Water Company Inc. has closed a P1.6-billion loan with the Bank of the Philippine Islands (BPI) to partly fund its capital spending until 2025. In a disclosure to...

By The Manila Times August 25, 2023 GLOBE Telecom Inc. on Thursday said it constructed 542 new cell sites and upgraded 5,087 mobile sites to LTE nationwide in the first half (H1) amid sustained demand for connectivity. The Ayala-led telco also deployed about 148,000...

By Jordeene B. Lagare | Philippine Daily Inquirer August 22, 2023 MANILA -The Federation of Free Farmers (FFF) is expecting the Marcos administration to look deeply into pertinent provisions of the Rice Tariffication Law (RTL) amid lingering challenges in the local...

By Keisha B. Ta-asan | BusinessWorld August 23, 2023 PHILIPPINE INFLATION could again breach the target in 2024 and 2025, the Bangko Sentral ng Pilipinas (BSP) warned, as it raised forecasts for Dubai crude oil prices for the next three years. The BSP in its latest...

By Luisa Maria Jacinta C. Jocson | BusinessWorld August 25, 2023 ALMOST 68 million people in developing Asia were pushed into extreme poverty last year, as many people struggled with the impact of the coronavirus pandemic and rising cost of living, the Asian...