The Biden administration has vowed to continue negotiating an ambitious Asia trade deal, but election-year pressures and resistance to tough commitments from some countries make a deal unlikely, trade experts and business groups say.
Days after General Motors’ Cruise self-driving car unit pulled all of its vehicles off the roads in the U.S. for a safety review, it continues to test them on public roads in Dubai and Japan, Reuters has learned.
U.S. President Joe Biden and Chinese President Xi Jinping will meet on Wednesday before a summit of the Asia Pacific Economic Cooperation (APEC) forum in San Francisco, seeking to reduce friction in what many see as the world's most dangerous rivalry. The leaders of the world's two largest economies have known each other for over a decade and have shared hours of conversation in six interactions since Biden's January 2021 inauguration. But they have met only once in person since then and Xi has not visited the United States since 2017 when Donald Trump was president.
China's leaders, determined to upgrade manufacturing, are steering money toward makers of high-tech products, from semiconductors to EVs, raising fears that overcapacity will fuel...
Dubai will stage its high-profile aerospace pageant next week against the backdrop of the Israel-Hamas war in Gaza that is pushing up demand for weapons while closing airspace and making flights longer and more expensive for some airlines.
Agriculture Secretary Francisco Tiu Laurel Jr. on Monday rallied officials and staff of the Department of Agriculture to intensify their efforts and deliver swift, tangible results, following an effective endorsement from President Ferdinand Marcos Jr. of the programs and direction of the agency.
Security Bank has entered a strategic partnership with Juan Accounting Software, the country's only fully localized accounting and tax compliance platform, to provide enhanced financial tools to micro, small, and medium enterprises (MSMEs). The collaboration is designed to accelerate financial digitization among small businesses and boost operational efficiency.
Japan, the Philippines' third-largest trading partner, saw its economy contract by 0.2 percent year-on-year in the first quarter of 2025, according to revised government data released recently. While the updated figure marks an improvement from the earlier 0.7 percent decline estimate, it highlights a reversal from the 2.2 percent growth logged in 4Q 2024 and marks the first annual contraction in a year.
HTI expands land bank with Antipolo acquisition
Corporate
Listed firm Haus Talk Inc. (HTI) has finalized the acquisition of the former National Steel property in Antipolo, Rizal, marking a major strategic expansion of its land portfolio. The deal reinforced its presence in the affordable housing segment and advanced its vision as a leading provider of “value for money” residential developments in the country.
The newly acquired site will serve as the location of HTI’s next flagship residential and commercial project, slated to begin in the fourth quarter this year. The development is projected to deliver around 1,500 housing units and generate estimated revenues of ₱4.9 billion, making it one of the company's most significant investments to date.
Benchmarking the design against its successful The Granary community in Biñan, Laguna, HTI plans to integrate residential units with commercial spaces, aligning with its mixed-use development strategy.
“This acquisition underscores Haus Talk Inc.'s aggressive strategy to bolster our land bank and solidify our position as a dominant force in the affordable housing sector,” said Ma. Rachel D. Madlambayan, HTI president & CEO.
Located in Antipolo, the project capitalizes on the area’s blend of urban accessibility and provincial charm—features increasingly in demand among homebuyers.
The transaction is seen as a milestone in HTI’s growth strategy, further consolidating its market position amid rising demand for affordable housing and enhancing shareholder value through long-term revenue generation.
HTI’s move also reaffirms its commitment to addressing the Philippines’ housing backlog through scalable, high-impact developments in prime areas.