MANILA, Philippines — Cebu Landmasters Inc. (CLI), a listed property developer focused in the Visayas and Mindanao, plans to continue its aggressive capital spending this year to support its ongoing expansion, including the company’s planned entry into the Luzon market. CLI chief finance officer Grant Cheng said the company has allocated about P15 billion for its capital expenditure...
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(Part 1) Next to food security, the most serious challenge to the present Administration in the economic realm is to provide decent housing to the lowest income groups among our more than 22 million households. I am proud of the fact that the private research group, the Center for Research and Communication (CRC), to which I have belonged since 1967, has been one of the most active in helpin...
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Century Properties Group (CPG) of the Antonio family is developing a โฑ2.7 billion residential project and P215 million waterpark as part of the second phase of its Azure North Estate in San Fernando, Pampanga. In a disclosure to the Philippine Stock Exchange, the firm said it is strengthening its presence outside Metro Manila with the launch of the new mid-rise residential development. Build...
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LISTED PROPERTY developer Megaworld Corp. saw its attributable net income for 2024 rise by 11.7% to P21.67 billion, driven by revenue growth from the company’s residential business. “Moving forward, we will set our eyes on more innovations as well as on how we can collaborate to further innovate, but still keeping our commitment to care for our people and our communities,” Meg...
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A PROJECT developer in Cebu is facing legal action and penalties for allegedly developing and selling lots on Olango Island, Lapu-Lapu City, without the necessary permits. The Department of Human Settlements and Urban Development (DHSUD) 7 ordered Rise 23 Properties and Development Corp. to pay a total of P450,000 in penalties for selling 75 lots in Barangay Baring, Olango Island, without the n...
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The overall goal, Environment Secretary Toni Yulo-Loyzaga says, is to reforest these lands MANILA, Philippines – The Philippine government is set to open 1.2 million hectares of forest land for private investment and reforestation, after the Department of Environment and Natural Resources (DENR) releases data on these lands in the first quarter of 2025. “The D...
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