Global-Estate Resorts Inc. (GERI) expects to generate about P7 billion in sales from Villa Scala, a new upscale residential village planned within its 116-hectare Nascala Coast township in Nasugbu, Batangas.

Metro Manila’s condominium market remains weighed down by stubborn oversupply, but the imbalance is quietly shifting negotiating power toward buyers with patience and liquidity.

Lufthansa Technik is planning a USD400-million expansion of its maintenance, repair, and overhaul facility at Clark, a move expected to further strengthen the Philippines’ position as an emerging aviation services hub in Asia, according to the Bases Conversion and Development Authority.