THE Philippines has surpassed the net foreign direct investment (FDI) inflows of Malaysia and Thailand in the first three quarters of 2023, Department of Trade and Industry (DTI) undersecretary Ceferino Rodolfo said. Rodolfo said the Philippines, Indonesia, Malaysia, and Thailand recorded double-digit declines in net FDI inflows last year, while Vietnam’s growth was minimal at 2.25 percen...
Read more
MORE Philippine real estate may be converted into housing and retail spaces this year as property developers repurpose out-of-date buildings, according to JLL. “With many buildings now out of date — if not yet out of use — and others simply failing to generate suitable yields, conversions are increasingly on the cards,” Walid Goudiard, JLL head of project and development...
Read more
AI will seriously take our world by force. Digital technology and robotic developments will increase and there will be healthcare breakthroughs: overall, 2024 will be disruptive but with positive innovations taking us into the future. Space Being the only mythical creature of the Chinese zodiac representing the earth and other planets, we may look ahead to conquering other planets...
Read more
Cebu’s already-formidable economy has experienced rapid growth in recent years, thanks in part to the recent completion and greenlighting of several high-impact infrastructure projects. These projects are further heightening Cebu’s status as a regional business and cultural hub, improving connectivity, generating high-value jobs, and enhancing the quality of life for residents. ...
Read more
THREE big infrastructure projects are set to be built in Cebu, according to the officials of the Department of Public Works and Highways Central office. These are the fourth Mactan-Cebu bridge worth P76 billion, Mandaue-Consolacion-Liloan coastal road worth P31 billion and the Lapu-Lapu coastal road. The DPWH officials headed by project manager Benjamin Bautista met with Governor Gwendolyn G...
Read more
MANILA, Philippines — Home prices rose further, although at a slower pace, in the third quarter last year as high interest rates continued to increase monthly housing costs, according to the Bangko Sentral ng Pilipinas (BSP). The central bank’s Residential Real Estate Price Index (RREPI) rose by 12.9 percent to 167.7 in the third quarter of 2023 from 148.6 in the same quarter in 202...
Read more
