News

CLI secures PCC approval for JV with Singapore builder

MANILA, Philippines —  Property developer Cebu Landmasters Inc. (CLI) has received approval from the antitrust body to proceed with its joint venture with a Singapore-based builder for the construction of high-end residences in Cebu City. CLI is a step closer to realizing another residential project in Cebu after receiving clearance from the Philippine Competition Commission (PCC) to...

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How to Build a Future Without Luck, Money, or Friends in High Places

Here are 10 lessons from Five Doors of Success: How to Build a Future Without Luck, Money, or Friends in High Places by Joshua Candamo Ph.D. (Author) 1: Persistence is paramount - This book teaches us that success isn't solely dependent on luck, money, or having influential connections. Instead, it emphasizes the importance of persistence and a strong work ethic. By consistently putting in...

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Philippine Economy Grew Faster-Than-Expected 5.6% Last Quarter

(Bloomberg) -- The Philippines overtook Vietnam and Malaysia to become Southeast Asia’s fastest-growing economy last year, with expansion driven by consumption, services and investment. Gross domestic product expanded 5.6%, surpassing the median 5.5% growth seen in a Bloomberg survey of economists. The economy grew at a similar pace from a year ago in the final quarter of the year, while...

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7 Powerful Lessons from "Goodbye, Things: The New Japanese Minimalism" by Fumio Sasaki:

7 Powerful Lessons from "Goodbye, Things: The New Japanese Minimalism" by Fumio Sasaki: 1. Happiness Comes from Within, Not Possessions: The book argues that the pursuit of material possessions often leads to stress, anxiety, and a sense of emptiness. True happiness comes from cultivating meaningful relationships, pursuing passions, and living in alignment with your values. 2. Decl...

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10 Lessons from "The Earned Life: Lose Regret, Choose Fulfillment" by Marshall Goldsmith:

10 Lessons from "The Earned Life: Lose Regret, Choose Fulfillment" by Marshall Goldsmith: 1. Regret is a thief of joy: Don't let the past haunt your present. Acknowledge your regrets, learn from them, but don't dwell on them. Choose to focus on creating a future filled with fulfillment instead. 2. Live with intention, not obligation: Break free from autopilot mode. Identify...

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Dark days are coming for US commercial real estate and the banks holding the loans

The banking worries in the US this week were triggered by: New York Community Bancorp cutting its dividend on higher capital rules and commercial strain A Japanese bank reporting unexpected losses on US commercial real estate Deutsche Bank highlighting losses on US commercial real estate Despite all the economic data this week, it was those headlines that left US 10-year yields 14 b...

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