DESPITE the effect of rising fuel costs on consumer demand, the new chief of the central bank is optimistic that the Philippine gross domestic product (GDP) growth would reach at least the lower end of the government's objective this year. "It will be difficult to match 8.3 percent [economic growth] in the first quarter because of higher base effects. But at the same time, I...
Read more
Iloilo City residents will soon enjoy a stable source of clean energy with ultra bilyonaryo Enrique Razon-led More Electric and Power Corp. signing a 20-megawatt (MW) mid-merit supply from Energy Development Corp. The five-year power supply deal, which starts on July 25, will come from EDC’s Unified Leyte Geothermal Power Plant, one of the company’s most extensive geothermal facilit...
Read more
MANILA, Philippines — As the global economy climbs out of the COVID-19-induced slowdown, investors are discovering new gems in the Asian property landscape, which has seen tectonic shifts in the aftermath of the pandemic. Foremost among these is the Philippines, site of a landmark project by two leading property developers in the region: Hongkong Land and Robinsons Land Corporation. Drawi...
Read more
THE real estate arm of the ICCP Group, Pueblo de Oro Development Corp. (PDO), is on track to complete its 27.4-hectare township in Lapu-Lapu City as it launched another residential project in the area. PDO recently inaugurated the 3.7-hectare Park Place II in Barangay Babag, Lapu-Lapu City, the third exclusive subdivision in the Cebu township now dubbed as “Pueblo de Oro Townscapes Mactan...
Read more
CEBU CITY – Seeing post-pandemic full business potentials, a Cebu-based real estate developer is looking to deepen its investments in the Visayas and Mindanao to support the continued economic recovery in these regions. Jose Soberano III, Cebu Landmasters Inc. (CLI) chairman and chief executive officer, on Tuesday said during the company's annual stockholders meeting that t...
Read more
The work of nation-building never stops. And for San Miguel Corp. (SMC), one of the country’s largest and most diversified and profitable conglomerates, not even the unprecedented COVID-19 pandemic should get in the way. Its history is so intertwined with that of the Philippines that it believes that it has the moral commitment to push ahead with key multibillion-peso investments neede...
Read more
