Megaworld Corp. and global real estate services firm JLL have entered a strategic partnership aimed at elevating real estate standards in the Philippines, and help the listed property arm of billionaire Andrew Tan stay at the forefront of international real estate trends.
The Philippine Statistics Authority (PSA) has reported a 15 percent year-on-year decline in the number of construction permits approved in January to 12,526, a greater decrease from the 5 percent posted in December and an indication of a glut in supply.
D.M. Wenceslao and Associates Inc., a listed real estate developer, said core net income last year rose 10 percent to P1.8 billion, building on its strong leasing momentum.
Real estate consultancy firm Colliers is cautiously optimistic in the growth for office space and residential condominium but is sanguine for the hotel and retail sectors, especially with the expected strong growth in global travel.
Starting July 1, 2026, Maynilad customers will see slightly lower monthly water bills, while rates for Manila Water subscribers will stay the same, according to the Metropolitan Waterworks and Sewerage System-Regulatory Office (MWSS-RO).
The Civil Aviation Authority of the Philippines (CAAP) has set a final deadline of 6 June, 2026, for AirAsia Philippines to clear its unpaid financial dues, warning that failure to comply will result in a full shutdown of its operations.
Aboitiz InfraCapital (AIC) is looking to deepen ties with Japan’s biggest corporations and financial institutions as it pursues fresh investments and strategic partnerships to fuel the next phase of its infrastructure expansion.
The Department of Energy (DOE) is moving to cut red tape for electric vehicle (EV) charging stations, pushing for a joint memorandum circular with key government agencies to dramatically shorten permitting timelines as EV adoption gains momentum nationwide.