MANILA, Philippines — Real estate mogul Manuel Villar, who chairs property developer Vista Land & Lifescapes, emerged as the only Filipino in Forbes Magazine’s top 200 billionaires in 2024. He ranked 190th in this year’s list, up from 232nd in 2023, as his wealth grew 28 percent to $11 billion. The Sy siblings of conglomerate SM Group have combined wealth of $14 billi...
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The World Bank has kept its growth forecasts for the Philippines for 2023 and 2024, and the country is expected to outpace the growth of Asean neighbors. The Philippines is seen to have grown 5.6 percent last year, according to the Washington-based agency’s Global Economic Prospects reports. Meanwhile, the World Bank sees 5.8 percent growth for this year and next. These figures fall...
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How Real Estate Sales Can Erase Debts for Start-Up Agents Introduction: In real estate, opportunity often comes knocking in unexpected ways. For start-up agents burdened with significant debts, a strategic approach to real estate sales can pave the way to financial freedom. This article'll explore the math behind leveraging real estate commissions to eliminate debts and how a team effort...
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THE Philippines has surpassed the net foreign direct investment (FDI) inflows of Malaysia and Thailand in the first three quarters of 2023, Department of Trade and Industry (DTI) undersecretary Ceferino Rodolfo said. Rodolfo said the Philippines, Indonesia, Malaysia, and Thailand recorded double-digit declines in net FDI inflows last year, while Vietnam’s growth was minimal at 2.25 percen...
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MORE Philippine real estate may be converted into housing and retail spaces this year as property developers repurpose out-of-date buildings, according to JLL. “With many buildings now out of date — if not yet out of use — and others simply failing to generate suitable yields, conversions are increasingly on the cards,” Walid Goudiard, JLL head of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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