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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(This is the second of a two-part property market outlook by Colliers Philippines) MALL OPERATORS should brace for more foreign and local retailers as consumer confidence and foot traffic pick up this year. Major mall developers have been reporting that consumer traffic has now reached between 85%-95% of pre-COVID levels in the third quarter of 2022 from only 40% a year ago....
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CEBU creative entrepreneurs are encouraged to take advantage of the strong buying power of the domestic market as the industry aims to boost its economic potential. The Cebu Design Week (CDW), happening on Sept. 13 to 15, 2019, is gathering creative players to enable them to connect with local consumers and potentially collaborate with suppliers, said Laurie Boquiren, CDW marketing chairperson....
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More than 100 international hotel chains are expected to invest over P23 billion in the Philippines in the next three years, according to the Philippine Franchise Association. “Based on our estimates, there will be additional of at least 23,000 new rooms in the next three years. These will be more of the international hotel chain franchises. About 120 hotels will be built in the next thre...
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