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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Trends and Considerations in Warehouse Leasing and Lot Purchase for Warehousing In today's rapidly evolving business landscape, the demand for warehousing and storage solutions is on the rise. Businesses of all sizes are seeking efficient ways to manage their inventory and supply chain operations. This article explores the latest trend in the industry, the concept of Industrial Of...
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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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From being a maintenance boy in his uncle’s supermarket, Dennis Anthony Uy rose to become the founder of Converge ICT Solutions, one of the Philippines’ largest operators of high-speed internet. Like the rags-to-riches life story of Henry Sy Sr., Dennis’ family also migrated to the Philippines from China in 1978. He was 11 years old when he arrived in the country, along with h...
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The Business Process Outsourcing (BPO) industry continues to expand in new growth hubs outside Metro Manila as a more diverse group of BPO tenants invest in “Next Wave Cities,” revealed commercial real estate consultancy Santos Knight Frank. Overall, the local BPO industry currently employs 1.3 million jobs directly and 4.1 million jobs indirectly. Already, 25% of BPO industry emplo...
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CEBU, Philippines — Cebu Holdings Inc., (CHI), the developer of Cebu I.T. Park and Cebu Business Park is moving to address the rising demand for shared living spaces in Cebu. The Ayala-led publicly-listed developer announced the construction of its latest project called “The Flats” to meet the growing demand for shared living spaces in the city. The project, which caters to...
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