Tag: Metro Manila

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Metro Manila minimum wage jumps by record P85

More than 1.1 million minimum wage earners in Metro Manila will receive a record P85 daily wage increase in two tranches starting July 19, giving workers an immediate pay boost while allowing employers more time to adjust to higher labor costs.

Affordable housing fuels Metro Manila condo recovery

Metro Manila’s residential condominium market is beginning to show signs of recovery, largely fueled by sustained demand for affordable housing—even as vacancy rates remain elevated, according to Colliers Philippines.

Vacancies rise as office, condo markets cool—Colliers

Metro Manila’s property market is turning cautious, with office leasing decisions slowing and condominium developers dialing back new launches as vacancies climb, according to Colliers Philippines.

Maynilad eyes 20% NRW via P7.7B push

Maynilad Water Services, Inc. is stepping up efforts to cut water losses, targeting Non-Revenue Water (NRW) levels of 25 percent by 2027 and 20 percent by 2030. The move aligns with regulatory commitments and long-term goals for reliable, sustainable service in Metro Manila’s West Zone.

Metro Manila hotels supply to rise amid weak foreign demand—Colliers

Metro Manila is bracing for its biggest hotel supply surge in eight years, with nearly 2,900 new rooms set to debut in 2026, a sign of developer confidence even as international arrivals lag, according to Colliers Philippines.

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PhilExport urges MSMEs to turn trade deals into export wins

The Philippines must do more than sign trade deals—it must help smaller businesses turn them into export sales, Philippine Exporters Confederation Inc. (PhilExport) President Sergio Ortiz-Luis Jr. said.

DA asks Senate to back P198.4-B 2027 budget to protect farmers, secure food

The Department of Agriculture is urging lawmakers to approve its P198.4-billion proposed 2027 budget, noting farmers and fisherfolk now face rising costs, climate risks, and global economic pressures.

DOE stands firm on new coal bidding rules to bolster national energy strategy 

The Department of Energy will proceed with its updated bidding rules for brownfield coal resource areas despite opposition from key industry player Semirara Mining and Power Corp. Energy Secretary Sharon Garin affirmed that the revised terms will apply uniformly to all prospective bidders, as the government seeks to prioritize domestic fuel supply over foreign exports.

Vingroup plans $500M EV plant in Philippines, EVIS role unclear

The Department of Trade and Industry (DTI) said Wednesday that the proposed plant would have an initial annual production capacity of 200,000 units, serving both domestic and export markets. Construction is targeted to begin in the first quarter of 2027, with completion expected within 12 to 18 months.

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