Tag: Megaworld

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Megaworld eyes Mindanao growth as ZAMBOECOZONE expands agritourism

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Property and hospitality giant Megaworld is exploring expansion opportunities within the Zamboanga City Special Economic Zone and Freeport Authority (ZAMBOECOZONE), signaling growing investor interest in emerging growth corridors outside the country’s traditional urban centers.

Empire East says OFWs continue to drive property market

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Overseas Filipino workers continue to provide a crucial source of demand for the Philippine housing market, with homeownership aspirations proving resilient despite economic uncertainties abroad, according to listed developer Empire East Land Holdings Inc. 

Megaworld-led share swap deal targets income growth

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Megaworld Corp., along with Travellers International Hotel Group, Inc. (TIHGI) and Southwoods Mall, Inc. (SMI), has signed a Memorandum of Understanding (MOU) with listed real estate investment trust MREIT, Inc. to pursue a strategic property-for-share swap. 

Alliance Global posts higher profit amid uncertainty

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Alliance Global Group Inc. (AGI) reported a 6 percent increase in first-quarter net income, supported by stronger residential sales, rising leasing revenues, improving hotel operations, and an early recovery in liquor demand despite uncertain economic conditions.

MREIT sale fuels Megaworld township expansion

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MREIT Inc., a real estate investment trust, is channeling P1.26 billion into township expansion projects across Cebu, Palawan, Bacolod, and Pasig City, as sponsor Megaworld Corp. moves to recycle capital from a recent share sale into fresh property developments and debt reduction.
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PAL launches 3-day flash sale with up to 50% off fares

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Philippine Airlines is running a limited "3-Day Flash Sale" from July 15 to 17, cutting fares on select domestic and international routes for travel starting August 1 this year. Travel until January 31, 2026 qualifies for up to 30 percent off, while trips from February 2027 onward get bigger discounts: up to 50 percent on domestic base fares and up to 40 percent on international base rates. The offer covers destinations across the Philippines, Asia, Australia, North America, and the Middle East, with passengers retaining access to full services including free meals and standard baggage allowances. Eligible domestic bookings worth at least P20,000 also come with zero-percent installment plans for up to three months via partner banks BPI, Metrobank, and HSBC.

Globe Business steps up support for HoReCa industry digital shift 

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Globe Business is expanding its focus on the local hotel, restaurant and café sector as businesses strive to keep pace with the fast growing digital travel economy. Rising demand from medical and wellness tourists, MICE travelers, and digital nomads is pushing operators to deliver personalized service, while facing a 325 percent jump in industry cyber threats and ongoing labor pressures. The firm is promoting its "Intelligent Transformation" approach, which combines strong connectivity, cloud tools, cybersecurity and data analytics to streamline operations and tailor guest experiences. Industry data shows this level of personalization can lift guest lifetime value by 20 percent to 30 percent. Globe Business shared these strategies during the recent Hospitality and Food and Beverage Summits, aiming to help businesses build secure, efficient digital foundations for long term growth.

Japan urges compliance on 10th anniversary of South China Sea legal ruling

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Japan has called on China to respect international law, marking exactly ten years since a landmark legal ruling rejected Beijing’s vast maritime claims in the South China Sea.

Megaworld raises P5.6 billion for MREIT expansion push

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Property giant Megaworld Corp. has raised P5.6 billion through a series of MREIT Inc. block sales between April and July, providing fresh capital to bankroll the next wave of township developments while expanding the listed real estate investment trust's portfolio.

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