Tag: real estate

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Cebu Landmasters capitalizes on strong VisMin demand

Cebu Landmasters Inc. (CLI) is capitalizing on the robust momentum of the Visayas and Mindanao real estate market with the successful launch of One Manresa Place in Cagayan de Oro.

Megaworld, JLL forge strategic partnership in real estate

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.

Construction approvals decline in January—PSA data

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.

DMW gets boost from office rentals; sees rosier prospects in 2025

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.

Colliers’ sees strong growth for hotels, retail business; office outlook muted

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.

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Philippines presses ASEAN to turn economic pledges into tangible gains

The Philippines is urging ASEAN members to finish outstanding economic commitments and carry them into the next phase of regional integration, warning that the success of the bloc’s economic agenda will depend on implementation beyond its 2026 chairmanship.

Philip Morris counts Philippines as key sourcing, manufacturing hub

Philip Morris International (PMI) is counting on the Philippines as an important sourcing and manufacturing base as it strengthens supply-chain resilience against weather disruptions, geopolitical risks and other external shocks.

FAA grounds US flights over nationwide communications failure

The Federal Aviation Administration (FAA) halted commercial flights nationwide Friday (early Saturday in Manila) after a communications failure crippled all 22 regional air traffic control centers, although it remained unclear whether the disruption was connected to an outage affecting some Microsoft services.

Philippines flirts with stagflation as growth stalls, prices surge

The Philippine economy is beginning to resemble a car running low on fuel while its engine overheats. Growth is sputtering, prices are soaring, jobs are getting harder to find, and agriculture—a major source of food and rural livelihoods—is contracting

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