To further strengthen bilateral relations between the Philippines and Israel, state-run Land Bank of the Philippines and the Israel Embassy agreed to explore more areas of collaboration to advance economic development in the country.
Megaworld Corp. will invest about P10 billion to build four new malls nationwide, adding more than 150,000 square meters of gross floor area to its retail portfolio. Construction is set to begin through next year as part of its target to grow total gross leasable area (GLA) to 1 million square meters by 2030. The company currently has over 500,000 square meters of retail space.
Eastern Communications Philippines, Inc. has signed a power supply agreement with First Gen Corporation to run its headquarters and technical operations centers on renewable energy.
Property developer Pueblo de Oro Development Corporation has officially launched its newest residential project, Pueblo de Oro Townhomes Carcar, in Barangay Can-asujan, Carcar City.