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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FILRT sees 13.3% rise in new leases FILINVEST REIT CORP. (FILRT) saw a 13.3% increase in new leases for the first nine months of 2024 compared to the full year of 2023, the company said on Wednesday. The increase was led by new lease accounts and expansions of multinational companies within the Northgate Cyberzone development in Muntinlupa, FILRT said in a regulatory filing. &ld...
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MVP Group inks 25-year Camp John Hay lease, BCDA’s first Forest Cabin deal affirms new vision for Baguio complex, says Bingcang MANILA, Philippines — The Bases Conversion and Development Authority (BCDA) on Saturday said it had signed its first-ever long-term residential lease agreement in one of its properties inside Camp John Hay following their recovery of the estate...
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Bonifacio Global City in Taguig (Photo from PNA / Joan Bondoc) MANILA, Philippines — Philippine economic growth is expected to accelerate this year and in 2026, making the country one of the strongest performers among Southeast Asian economies. This is based on a report from the United Nations (UN) Department of Economic and Social Affairs. In its recently pu...
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