MORE Philippine real estate may be converted into housing and retail spaces this year as property developers repurpose out-of-date buildings, according to JLL. “With many buildings now out of date — if not yet out of use — and others simply failing to generate suitable yields, conversions are increasingly on the cards,” Walid Goudiard, JLL head of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...
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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...
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The aggressive investment promotion activities of President Ferdinand R. Marcos Jr. in the Philippines and abroad has earned a Php1.16 trillion in investment approvals for 2023, the highest in the last five decades, the Board of Investments (BOI) reported on Wednesday. In a statement, Department of Trade and Industry (DTI) Secretary and BOI Chairman Alfredo Pascual expressed optimism that this...
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MANILA – The Philippine economy grew by 5.9 percent in the third quarter of the year, bringing the year-to-date economic growth to 5.5 percent. National Economic and Development Authority (NEDA) Secretary Arsenio Balisacan said this makes the Philippines among the best-performing economies in Asia. “In the face of many domestic and international challenges, we have effectively im...
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MANILA – The Philippine economy grew by 5.9 percent in the third quarter of the year, bringing the year-to-date economic growth to 5.5 percent. National Economic and Development Authority (NEDA) Secretary Arsenio Balisacan said this makes the Philippines among the best-performing economies in Asia. "In the face of many domestic and international challenges, we have effectivel...
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CEBU Gov. Gwendolyn Garcia is planning to purchase the land near the airport on Bantayan Island to extend the runway and accommodate commercial flights. This was disclosed by the governor during a meeting with the officials of the different airline companies, on Wednesday, Dec. 6, 2023. Once the project is completed, commercial aircraft from Ninoy Aquino International Airport in Pasay City m...
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