By: Ben O. de Vera Philippine Daily Inquirer 05:19 AM May 22, 2017 http://business.inquirer.net/229995/banks-real-estate-loans-hit-p1-3t Bank lending to real estate jumped to a record P1.318 trillion at the end of the first three months amid a sustained property boom. This was higher than the P1.276 trillion a quarter ago and P1.084 trillion a year ago, the […]
By Danessa Rivera (The Philippine Star) Updated May 22, 2017 – 12:00am http://www.philstar.com/business/2017/05/22/1702202/shell-eyes-expansion-sctex MANILA, Philippines – Pilipinas Shell Petroleum Corp. is set to expand in the north to service motorists traversing the Subic-Clark-Tarlac Expressway (SCTEx). The north is the place for expansion because it is underserved, Shell vice president for retail Lawrence Anthony Yam said. […]
By: Miguel R. Camus Philippine Daily Inquirer 05:11 AM May 22, 2017 http://business.inquirer.net/229981/expanding-logistics-company-earmarks-p4b-acquisition Chelsea Logistics Corp. is looking to spend about P4 billion for acquisitions to help drive future growth following its initial public offering in the middle of 2017. Chelsea chair and founder Dennis Uy said last week there were prospective targets but he […]
By: Doris Dumlao-Abadilla Philippine Daily Inquirer 05:07 AM May 22, 2017 http://business.inquirer.net/229975/phoenixs-uy-buying-enderun Petroleum trading and logistics magnate Dennis Uy is in talks to acquire Enderun Colleges Inc., potentially giving the Davao-based businessman a foothold in the education space. Several sources familiar with the discussions confirmed to the Inquirer that Uy had given the existing shareholders […]
By: Daxim L. Lucas Philippine Daily Inquirer 05:10 AM May 22, 2017 http://business.inquirer.net/229979/pagcor-eyes-offshore-gaming-new-cash-cow Philippine regulators expect revenues from online gaming to eventually rival those of traditional casinos, thanks mainly to the booming demand from overseas players as well as the rapid advances in technology that make it possible for even so-called “high rollers” to play […]
By Catherine Talavera (The Philippine Star) Updated May 21, 2017 – 12:00am http://www.philstar.com/business/2017/05/21/1701897/property-developers-remain-bullish-despite-slower-gdp MANILA, Philippines – The slower gross domestic product (GDP) growth in the first quarter of 2017 would not have any impact on the property market’s growth, a property consultancy firm said. “I think property developers take a much longer term look – […]
By: Amy R. Remo Philippine Daily Inquirer 01:42 AM May 20, 2017 http://business.inquirer.net/229908/real-estate-firms-roll Philippine real estate companies are finding more reasons to be optimistic of their prospects this year. Apart from the experts’ forecasts of a sustained bullish run for the industry, some of the country’s biggest developers recorded a stellar performance in the first […]
By Arra B. Francia Posted on May 22, 2017 http://www.bworldonline.com/content.php?section=Economy&title=BPOs-seen-driving-Cebu-luxury-condo-market&id=145542 THE GROWTH of the outsourcing industry in Cebu is fueling demand for luxury property in the city, as business executives employed in the sector seek residences in the area alongside high-spending foreign tourists who come for holidays, property consultancy Colliers International said. In its Cebu Residential […]
By Iris Gonzales (The Philippine Star) Updated May 22, 2017 – 12:00am http://www.philstar.com/business/2017/05/22/1702201/dmci-ventures-office-space MANILA, Philippines – DMCI Holdings Inc. is dipping its hand into the office space business for the first time with a two-tower development in Makati City. “It’s experimental,” said DMCI Holdings chairman Isidro Consunji on why the company decided to venture into […]
By: Doris Dumlao-Abadilla Philippine Daily Inquirer 01:11 AM May 15, 2017 http://business.inquirer.net/229538/cebu-developers-ipo-priced-p5-share Cebu’s leading homegrown property developer Cebu Landmasters Inc. (CLI) has set its initial public offering at P5 a share, allowing the real estate firm to raise up to P2.9 billion in fresh funds for expansion in Visayas and Mindanao (Vis-Min). At P5 a […]