Hotels across the Philippines are seeing a sharp drop in occupancy as the Middle East crisis drives up oil prices and disrupts travel demand, according to the 2026 Energy Crisis Impact Survey conducted by the Philippine Hotel Owners Association and Leechiu Property Consultants.
The Philippine property sector is showing signs of an uneven recovery, with office leasing holding relatively firm while residential demand faces growing headwinds.
A P500-million wellness manufacturing facility is set to rise in Tarlac, as Goodfield International Trading Corp. invests in the country’s first pharmaceutical economic zone, the Philippine Economic Zone Authority (PEZA) said Tuesday.
The proposed separation of PAGCOR’s regulatory and casino-operating functions is nearing a key government decision, with Chairman and chief executive officer Alejandro H. Tengco pushing for the state gaming agency to focus solely on regulation.
The Development Budget Coordination Committee (DBCC) is finalizing its recommendation on possible fuel excise tax relief as elevated global oil prices continue to push up domestic pump prices, Malacañang said Thursday.
Ayala Land Inc.’s 290-hectare Cresendo estate in Tarlac is moving closer to becoming a full-scale industrial and urban center, with most industrial lots leased and major road, school, and commercial projects advancing alongside factory development.