News

Tower of debt: Villar’s Vista Land most vulnerable among Big Six property firms to the economic fallout from a POGO ban

Posted on Thu, Oct 6, 2022 11:58 AM by DR. SAMUEL O. LAO in Real Estate News

Vista Land & Lifescapes (VLL) of ultra bilyonaryo Manny Villar might have limited exposure to Philippine Offshore Gaming Operations (POGO), but it is the most at risk to an economic fallout from the proposed ban on Chinese-backed tenants. VLL has the biggest loan exposure among the country’s top property companies with a net debt to equity ratio of 128 percent. The rest of the Big...

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Lotilla backs 100% foreign ownership in renewable energy projects

Posted on Wed, Oct 5, 2022 2:44 PM by DR. SAMUEL O. LAO in Real Estate News

Energy Secretary Raphael Lotilla welcomed the Department of Justice (DOJ) opinion that relaxes foreign ownership restrictions in renewable energy sector. DOJ has opined that exploration, development, and utilization of inexhaustible RE sources are not subject to the 60:40 foreign equity limitation as provided under Section 2, Article XII of the Constitution. The DOJ also noted that the &ldqu...

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Marcos' speech at the 77th United Nations General Assembly

Posted on Thu, Sep 22, 2022 12:10 PM by DR. SAMUEL O. LAO in Real Estate News

Mister President, Excellencies I am Ferdinand Marcos, President of the Republic of the Philippines. I stand today on behalf of 110 million Filipinos. At this time of crisis and opportunity, I bring with me the spirit of their enduring commitment to the ideals of our United Nations. This commitment is reflected in our solid contributions to the cause of peace and of justice. By shepherd...

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PH inflation eased to 6.3% in August

Posted on Thu, Sep 15, 2022 11:23 AM by DR. SAMUEL O. LAO in Real Estate News

Inflation in the Philippines slowed down for the first time in six months to 6.3 percent in August from 6.4 percent in July, according to the Philippine Statistics Authority. National Statistician Dennis Mapa said the slight easing was mainly due to slower increases in transport fares and in the prices food and non-alcoholic beverages, especially vegetables, meat and fish. Inflatio...

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P4-T big infrastructure projects to be finished by 2028

Posted on Tue, Sep 13, 2022 11:32 AM by DR. SAMUEL O. LAO in Real Estate News

THE Marcos administration intends to complete 73 big-ticket infrastructure projects, costing P4.05 trillion, which were not finished during the previous administration, according to the National Economic and Development Authority (Neda). In a presentation at the organizational meeting of the House Committee on Flagship Programs and Projects, Neda Assistant Secretary for Investment Programming R...

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Davao developer keen on investing in Cebu

Posted on Thu, Aug 18, 2022 1:35 PM by DR. SAMUEL O. LAO in Real Estate News

DAVAO City-based Alsons Development and Investment Corp. (Alsons Dev) expressed interest in investing in Cebu’s bustling property market. This was announced by Jolla Amparo Soriaga, assistant general manager for business units group, during the launch of the company’s Poblacion Market Central in Davao City. “We are open to possibilities of expanding in Cebu or in the Visaya...

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