By Luisa Maria Jacinta C. Jocson, Reporter THE Philippine economy would probably expand by as much as 5.2% in the third quarter — still below the government’s target — after posting its slowest growth in more than two years a quarter earlier, according to First Metro Investment Corp. (FMIC) and the University of the Asia and the Pacific (UA&P). “We still...
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MANILA, Philippines — Vista Land & Lifescapes Inc., the property holding company of the Villar Group, is rolling out at least 50 new residential projects across the country in the second half, bringing its total count of launches in 2023 to 100. The move is part of the group’s overall shift toward vertical developments from its usual horizontal residential projects, said Vista L...
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Billionaire Robert Kuok’s Shang Properties witnessed a 59% surge in net income for the first half of the year, propelled by solid revenue streams across its diverse operations including condominiums, malls, and hotels. The company’s net income from January to June stood at P2.4 billion compared to the previous year’s P1.5 billion. Shang Properties showed a 44% growth in tur...
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THE Philippines is expected to lead Southeast Asian growth this year and the next following latest Asian Development Bank (ADB) revisions to its forecasts. The Manila-based lender, in the July edition of its Asian Development Outlook, maintained its Philippine gross domestic growth (GDP) forecasts at 6.0 percent and 6.2 percent for this year and the next. Those for erstwhile leader Vietnam,...
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MANILA, Philippines—A new era of hospitality is coming to the bustling area of Pasay City in the form of Lanson Place Mall of Asia, Manila. As part of the SM Hotels and Conventions Corp. (SMHCC) collaboration, Lanson Place Personal Hotels & Residences (Lanson Place) is finally bringing its expertise in personal hotels and serviced residences to Metro Manila. With an expanding array of...
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THE Philippines is expected to lead Southeast Asian growth this year and the next following latest Asian Development Bank (ADB) revisions to its forecasts. The Manila-based lender, in the July edition of its Asian Development Outlook, maintained its Philippine gross domestic growth (GDP) forecasts at 6.0 percent and 6.2 percent for this year and the next. Those for erstwhile leader Vietnam,...
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