Property

Mass housing builder Ovialand Inc. on Tuesday bared earnings before interest, taxes, depreciation and amortization (EBITDA) in 2022 growing by 40 percent to P306.4 million from previous year’s P219.8 million. 

Real estate consultancy firm Colliers is projecting a significant surge in the supply of—and demand for—flexible work spaces within Metro Manila alone, and urged both tenant and landlords to consider this in their diversification strategies, especially in the wake of the COVID-19 pandemic. 

Vivant COREnergy Inc. and its partner, JEG Development Corp. (JDC), has launched a 37-kilowatt peak rooftop solar installation that powers the daytime energy demand of the 22-storey JEG Tower at One Acacia in Cebu City.

Listed firm Megawide Construction Corp. has secured so-called supply-and-build contracts beneiting affordable residential developer Phirst Park Homes Inc. which is pursuing projects in areas around Luzon.

Security Bank Corp. and its corporate social responsibility arm, Security Bank Foundation, Inc. (SBFI) were recently recognized by the Department of Education (DepEd) for programs and investments in advancing quality education in the Philippines through the Adopt-a-School Program.