OUTSIDE of Metro Manila, Cebu has remained the top choice of outsourcing firms and multinational companies, capturing more than 50 percent of the total transactions recorded in 2023. Of the 208,800 square meters of office transactions recorded outside of Metro Manila, Cebu accounted for 112,900 square meters of deals or 54 percent of total transactions, according to Colliers Philippines’...
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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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Aboitiz InfraCapital Economic Estates has signed contracts with two logistics companies Prestige Warehousing and Logistics (PWL) and JBY Equipment & Impex Logistics Inc. which will invest in West Cebu Estate in Balamban, Cebu. The industrial inventory release at West Cebu Estate has triggered a surge in investor interest, underlining the scarcity of available inventory in the ma...
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What is the most valuable bank brand in the Philippines? According to a new report from London-based global brand valuation consultancy Brand Finance, it’s BDO Unibank, with its brand value estimated at $2.5 billion, up 14 percent from last year. This means that if the country’s largest bank were to sell just its brand—excluding operations and other assets—]it would c...
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As a magnitude 7.8 earthquake recently hit Turkey and Syria, the head of the Philippine Institute of Volcanology and Seismology (Phivolcs) on Tuesday said such a magnitude is also likely to happen in the country. “There’s always this possibility. In fact, it already happened on July 16, 1990… The 1990 Luzon earthquake was magnitude 7.8,” Phivolcs Director Te...
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