Property giant Megaworld Corp. is set to announce this year more developments at The Upper East, a 34-hectare modern central business district in this city inaugurated by President Ferdinand R. Marcos Jr. in October last year, according to a report by Philippine News Agency. “We still have a lot to build in The Upper East. We will have two major developments that we will announce wit...
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PHILIPPINE BANKS remain well-capitalized and highly liquid, which will help them withstand credit and market shocks during crises, the Bangko Sentral ng Pilipinas (BSP) said. The BSP has continued to implement structural reforms to ensure the financial strength and safety of its supervised banks, it said in an e-mail to BusinessWorld. “The adoption of sound governance and ri...
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ABOITIZ InfraCapital Economic Estates is planning to develop commercial areas within the West Cebu Estate this year. The plans include building the West Cebu Exchange, a commercial complex that will host food outlets, retail shops, basic services, a supermarket, and a transportation hub. “Beyond West Cebu Estate’s strategic location, its skilled population and lower cost of doing...
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The sea mishaps that occur every now and then on that narrow body of water between Batangas province and Mindoro province—often resulting in casualties among vacationers out to enjoy the beaches of Puerto Galera—may soon be a thing of the past if the plans of San Miguel Corp. and the provincial government bear fruit. The conglomerate said on Wednesday it was pushing ahead with negot...
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THE Bureau of Immigration (BI) is calling on condominium and building owners to report foreigners who are involved in illegal activities, especially those who are into cryptocurrency scam operations. In a statement Thursday, Immigration Commissioner Norman Tansingco reminded property owners that fighting crime is a shared responsibility of every Filipino. The Immigration chief's appeal s...
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ROBINSONS Land Corp. (RLC) is building a premium condominium in Mandaue City with penthouses pegged at P60 million, its latest investment after its integrated resort and casino development in the South Road Properties. At the launching of the four-tower Mantawi Residences on Friday, April 14, 2023, at Nustar Resort and Casino, RLC executives pointed to Cebu’s booming economy and infrastru...
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