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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CEBU, Philippines — Publicly-listed property developer Cebu Landmasters Inc. (CLI) has introduced its newest residential condominium project in Mandaue City, Mandtra Residences, noting an impressive turnout of interest among buyers. The three-tower development, situated in a 2.4-hectare property in barangay Casuntingan, Mandaue City, is a partnership with Ixidor Holdings Inc., headed by f...
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Pembo, an informally-built community in Manila, where Build Change is working with families to protect their homes from the threat of earthquakes and typhoons. Even as our schools, streets and open spaces empty, time does not stand still. On June 1st the hurricane season will officially start in the Atlantic. Between approximately July and November, typhoons will develop and...
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Jack Ma's recent actions have drawn considerable attention and speculation regarding his future endeavors after taking a step back from public life amidst a government-led industry crackdown. He is now reported to have invested an initial capital of 10 million yuan ($1.4 million) in a small company called Hangzhou Ma's Kitchen Food, as per China's National Enterprise Credit Information...
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