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  2. Real Estate Updates
    3. (Page 20)

Real Estate Updates

Mining closures, suspensions to cost LGUs over P650M

By Audrey Morallo (philstar.com) Updated February 8, 2017 – 4:11pm http://www.philstar.com/business/2017/02/08/1670264/mining-closures-suspensions-cost-lgus-over-p650m MANILA, Philippines— The Department of Finance estimates that the Department of Environment and Natural Resources order to close or suspend the operations of 28 mines across the country will cost affected local government units over P650 million annually. Based on an initial report by […]

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Port cargo volume up 12% in 2016

By Imee Charlee C. Delavin Posted on February 09, 2017 http://www.bworldonline.com/content.php?section=Economy&title=Port-cargo-volume-up-12%-in-2016&id=140372 THE VOLUME of cargo passing through the country’s ports rose 12% in 2016, the Philippine Ports Authority (PPA) reported, mainly due to increasing trade and the growing economy. Throughput hit 249.567 million metric tons (MMT) during the year, against the 2015 volume of 223.672 MMT. […]

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More int’l flights seen to fly out of Clark

ABS-CBN News Posted at Feb 08 2017 08:47 PM http://news.abs-cbn.com/business/02/08/17/more-intl-flights-seen-to-fly-out-of-clark MANILA – More international airlines are planning to use Clark airport amid efforts to decongest the Ninoy Aquino International Airport (NAIA), Clark International Airport Corp. president Alexander Cauguiran said Wednesday. The airport is rapidly expanding, recording nearly a million passengers last year with over 6,200 […]

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Motorcycle sales zoom in 2016

By Richmond Mercurio (The Philippine Star) Updated February 9, 2017 – 12:00am http://www.philstar.com/business/2017/02/09/1670290/motorcycle-sales-zoom-2016 MANILA, Philippines – The Philippine motorcycle industry continued to race past other markets in Southeast Asia, posting the fastest growth last year. Data from the ASEAN Automotive Federation showed motorcycle sales in the country zoomed 34 percent to 1.14 million units in […]

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Temporary LRT-MRT station proposed

ABS-CBN News Posted at Feb 08 2017 03:32 PM Updated as of Feb 08 2017 08:16 PM http://news.abs-cbn.com/business/02/08/17/temporary-lrt-mrt-station-proposed MANILA (UPDATE) – The operator of Light Rail Transit (LRT) Line 1 on Wednesday said it is open to constructing a temporary station that will link two of the capital’s train lines. The temporary structure will cost […]

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Megaworld sets P60-B capital outlay plan for 2017

By: DORIS DUMLAO-ABADILLA Philippine Daily Inquirer 12:18 AM February 09, 2017 https://business.inquirer.net/224252/megaworld-sets-p60-b-capital-outlay-plan-2017 Tycoon Andrew Tan-led property developer Megaworld Corp. has earmarked P60 billion for group-wide capital outlay this year, mostly to fast-track township developments across the country. This is P5 billion higher than the amount spent by the company last year. In a statement, Megaworld said […]

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8990 eyes P5.4 B profit

By Iris Gonzales (The Philippine Star) Updated February 9, 2017 – 12:00am http://www.philstar.com/business/2017/02/09/1670303/8990-eyes-p5.4-b-profit MANILA, Philippines – Listed mass housing developer 8990 Holdings Inc. is eyeing a net income of P5.4 billion this year, up from P3.81 billion in 2016. In a briefing yesterday, 8990 president and CEO Januario Jesus Atencio said net earnings are expected […]

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Megaworld allots P60 B capex for this year

By Iris Gonzales (The Philippine Star) Updated February 9, 2017 – 12:00am http://www.philstar.com/business/2017/02/09/1670302/megaworld-allots-p60-b-capex-year MANILA, Philippines – Megaworld Corp. has earmarked P60 billion for its capital expenditures this year, bulk of which will be used to expand its townships across the country. The P60 billion budget includes the capex for its subsidiary brands Empire East Holdings […]

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Antonio family sells 10% stake in Century Properties to partners

By Iris Gonzales (The Philippine Star) Updated February 9, 2017 – 12:00am http://www.philstar.com/business/2017/02/09/1670304/antonio-family-sells-10-stake-century-properties-partners MANILA, Philippines – The Antonio family has sold 10.2 percent of its stake in Century Properties Group to the Cuerva Group, its long –time partner. In a disclosure to the Philippine Stock Exchange yesterday, CPG said the Antonio family sold 1.94 billion […]

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Philippines faces land governance crisis, says Dominguez

ABS-CBN News Posted at Feb 08 2017 04:02 PM http://news.abs-cbn.com/business/02/08/17/philippines-faces-land-governance-crisis-says-dominguez MANILA – The country is facing a land governance crisis that should be addressed by overhauling policies, Finance Secretary Carlos Dominguez III said Wednesday. Government should upgrade land governance policies to prevent other areas from suffering the same “urban nightmare” in Metro Manila, Dominguez said. […]

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