Manila emerges as world’s second prime housing market
Manila has emerged as the world’s second-fastest growing prime residential market, underscoring the Philippine property sector’s resilience despite geopolitical tensions, elevated inflation and a slowdown in new project launches.
Transport chief orders public consultations on fare hike petitions amid oil price increases
Transportation Secretary Giovanni Lopez has directed the Land Transportation Franchising and Regulatory Board to begin public consultations on pending requests for higher public transport fares, following recent rises in oil prices.
Asia-Pacific dialogue marks decade of locally-led disaster action, marks next steps
Over 100 representatives from governments, civil society, the private sector, regional bodies and development partners gathered in person, while more than 120 others joined online, for the Localization Policy Dialogue: A Decade of Progress, Lessons, and the Way Forward in Asia and the Pacific.
Megaworld channels MREIT share-sale proceeds into township expansion
Property giant Megaworld Corp., the real estate arm of billionaire Andrew Tan, plans to reinvest more than P661 million raised from recent sales of shares in its listed real estate investment trust, MREIT Inc., into expanding key township projects, underscoring its strategy of recycling capital to fund growth.
Araneta City expands renewable energy partnership with First Gen
Araneta City Inc., the developer behind the 35-hectare Araneta City complex in Cubao, Quezon City, has signed new agreements with leading renewable energy producer First Gen Group to power more of its properties with clean energy.
