News

The Philippine Housing Roadmap, 2025 to 2040

(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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BPO Industry's Surge Fuels Office Space Demand in the Philippines

BPO Industry's Surge Fuels Office Space Demand in the Philippines The Business Process Outsourcing (BPO) sector continues to be a significant driver of economic growth in the Philippines, with its expansion markedly influencing the demand for office spaces across the nation. Current Trends in Office Space Demand In 2023, the Philippine office space market experienced substantial growt...

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Century Properties invests ₱3 billion in Azure North, strengthening presence in Central Luzon

Century Properties Group (CPG) of the Antonio family is developing a ₱2.7 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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Megaworld says 2024 earnings hit P21.67B, up 11.7%

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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When co-owners cannot agree on the sale of their property

In such situations, the law provides various remedies to ensure that one or more parties can exit the arrangement fairly or that the property can be sold, even if the co-owners are at an impasse. Alteration If the disagreement between co-owners is about whether or not to make alterations to the property, the Civil Code provides that none of the co-owners shall, without the consent of the oth...

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Quarry suspension ‘threatens’ 3,000 jobs

Cebu Gov. Gwendolyn Garcia has issued two executive orders against Apo Land and Quarry Corp. (ALQC) in the City of Naga and Solid Earth Development Corp. (SEDC) in San Fernando town, ordering both companies to stop their quarrying operations starting at 12:01 a.m. Tuesday, Feb. 18, 2025, for 30 days. The cease-and-desist order for ALQC was the third issued against the company, while the order agai...

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