Private sector economists have slashed their gross domestic product (GDP) growth forecasts for the Philippines to as low as five percent, citing the drag from shrinking exports and the broader impact of a global trade slowdown. Singapore-based UOB has substantially shaved its full-year growth projection for the local economy from six percent to five percent. This came after the fir...
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MANILA, Philippines — Property giant Megaworld Corp. has forged a strategic alliance with global real estate services firm JLL to further reinforce its position in the real estate industry. Megaworld said the partnership allows JLL to provide the company with strategic advisory services on the latest international real estate standards covering research, consulting and project development...
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MANILA, Philippines — The country must leverage the reciprocal tariffs of the US to secure a trade deal that would expand Filipino farmers’ market access to the world’s biggest economy while allowing the entry of more food items that are not grown locally to boost food security, analysts said. V. Bruce Tolentino, a former agriculture undersecretary and former member of the Mon...
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MANILA, Philippines — Aboitiz Equity Ventures Inc. (AEV) will raise its capital expenditure this year by 37 percent mostly to expand its power segment, its main income driver, while developing its other businesses. The conglomerate on Monday said it had earmarked P104.6 billion in capital outlays, P78.1 billion of which would go to Aboitiz Power Corp. Last year, the segment contributed...
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NEW LIFE A new and improved Laguindingan International Airport in Misamis Oriental is coming up soon, courtesy of the Aboitiz Group. —PHOTO FROM FACEBOOK OF CAAP AREA X MANILA, Philippines — The Laguindingan and Bohol airports are to be turned over to the Aboitiz Group in the first half, allowing the new operator to expand the passenger capacity of the gateways to popu...
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Discovering long-term opportunities with office spaces for sale at 1 Rockwell at IPI Center Done Rockwell, a future-ready investment in Cebu Known for its scenic beaches, rich history, and vibrant culture, Cebu is rapidly emerging as the next key business hub. The province’s dynamic market has been evolving with developers focusing on integrated communities that blend retail, residential,...
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