News

Ayala Foundation bags four Quill awards

AYALA Foundation was recognized for its communications initiatives during the awards night of IABC Philippines’ Quill Awards held at the Marriott Grand Ballroom in Pasay City recently. Ayala Foundation received awards of merit for a total of four communication tools, the 2017 annual report To Reach New Heights and the book Crescent Hopes; the Bangsamoro Young Leaders Program–Leaders...

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Foreign investment inflows drop 48.5% in June

MANILA, Philippines — Net inflows of foreign direct investments (FDI) fell by 48.5 percent to $430 million in June from $836 million in the same month last year due to the worsening  trade war between the US and China, according to the Bangko Sentral ng Pilipinas. Based on a report from BSP, equity placements plunged by nearly 65 percent to $73 million in June from $208 million in th...

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Housing loan takeout in Visayas grows 15%

STATE-RUN Pag-ibig Fund saw housing loan takeout in Visayas grow 15 percent in the first half of this year, an indication of a robust housing market in the region. Housing loans availed by its Visayan members from January to June totaled P4.49 billion, accounting for 12 percent of the nationwide loan takeout. This translated to a total of 4,250 housing units, up 23 percent from 3,461 in the...

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P23B Hotel projects in Pipeline

April 01, 2019 Some P23 billion worth of investments in accommodation facilities are in the pipeline in the next two years as the hotel development industry catches up with the country’s booming local and domestic tourism. Samie Lim,  chairman emeritus of the Philippine Franchising Association  said 120 hotels are to be built to bring the number of rooms in the country to 100...

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120 International Hotels set to invest P23B in PH

More than 100 international hotel chains are expected to invest over P23 billion in the Philippines in the next three years, according to the Philippine Franchise Association. “Based on our estimates, there will be additional of at least 23,000 new rooms in the next three years. These will be more of the international hotel chain franchises. About 120 hotels will be built in the next thre...

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This towering marvel will transform EDSA-Makati’s skyline in the coming years

Highlighted by future-ready facilities such as a Smart Parcel Delivery System, Vion Tower elevates the standards of condo living. Photo Release Accessibility is also one thing future residents can enjoy at Vion Tower as it is less than 10 minutes away to and from Ninoy Aquino International Airport (NAIA) via Skyway, less than 15 minutes away from the Entertainment City and Manila Bay area,...

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