GOVERNMENT can support private entities by making it easier for them to get permits, the founder of listed developer 8990 Holdings, Inc. said in response to the administration’s call for more housing units. “It’s very challenging to come up with a million houses ’cause we’ve never experienced building a million houses in the Philippines,” 8990 Holdings Chairm...
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THE Marcos administration intends to complete 73 big-ticket infrastructure projects, costing P4.05 trillion, which were not finished during the previous administration, according to the National Economic and Development Authority (Neda). In a presentation at the organizational meeting of the House Committee on Flagship Programs and Projects, Neda Assistant Secretary for Investment Programming R...
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DAVAO City-based Alsons Development and Investment Corp. (Alsons Dev) expressed interest in investing in Cebu’s bustling property market. This was announced by Jolla Amparo Soriaga, assistant general manager for business units group, during the launch of the company’s Poblacion Market Central in Davao City. “We are open to possibilities of expanding in Cebu or in the Visaya...
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THE Philippine economy is forecast to grow faster than initially expected in 2022, following the relaxation of Covid-19 mobility restrictions in the country, the expansion of the vaccination program, and a rebound in investment and household consumption, according to a report released Thursday by the Asian Development Bank (ADB). The Asian Development Outlook (ADO) 2022 Supplement says the Phil...
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We can only dream about solving our housing crisis the way Singapore did. Already very much a First World Country in the 2020s, Singapore’s public housing is located in new towns, in communities that are intended to be self-contained, with services near housing blocks and with housing either owned by or rented to residents. Owner-occupied public housing is sold on a 99-year lease and can be...
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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...
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