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...
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MANILA -- Megaworld, the country's largest developer and lessor of office spaces, is ramping up its office inventory inside the 72-hectare Iloilo Business Park in Mandurriao, Iloilo City. The company is launching two new office towers -- Enterprise One and Enterprise Two -- each 12-storey high right along the bustling stretch of Megaworld Boulevard in the city's modern business park....
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DAVAO CITY — The family behind weighing scale manufacturer First Philippine Scales Inc. (FPSI) has ventured into the hotel business, taking advantage of a 2,000-square meter prime property in Davao City where the new Blue Lotus Hotel now stands. The lot along Quimpo Boulevard, one of the main roads in the city, was originally planned by the Policarpio family for an FPSI showroom for its F...
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ONLINE real estate platform Signet Properties, working with SeedIn Technology (SeedIn PH) and RE/MAX Premier Manila, launched Flint — the first tech-enabled real estate crowdfunding platform in the Philippines. Flint aims to simplify and streamline the process of purchasing and investing in Philippine properties, while making it more accessible for local investors. The platform allows thi...
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CEBU’s property boom isn’t showing signs of slowing down, thanks to the robust economy, which drives investments into the real estate business. The property sector remains one of Cebu’s stellar growth drivers in 2019, as residential, office and retail developments have sustained their growth momentum. Joey Bondoc, senior research manager at Colliers International, said Cebu...
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SINGAPORE-BASED hotel management and booking platform RedDoorz is eyeing an initial public offering (IPO) in the country by 2022. “I think, overall, the business goal of RedDoorz is to conduct an IPO… By 2022 or 2023, we should be on our way to creating our business which is publicly listed. That is the general vision,” RedDoorz founder and chief executive officer Amit Saberw...
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