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  2. Real Estate Updates
    3. (Page 22)

Real Estate Updates

Senators vow to work overtime on traffic emergency powers

By Paolo Romero (The Philippine Star) Updated February 8, 2017 – 12:00am http://www.philstar.com/headlines/2017/02/08/1670177/senators-vow-work-overtime-traffic-emergency-powers MANILA, Philippines – Plenary debates on the bill to grant President Duterte emergency powers to address the worsening traffic crisis in the country started in the Senate yesterday, with Sen. Grace Poe expressing optimism that the measure would be approved in the […]

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Duterte gov’t eyes ‘iconic’ infra projects: Diokno

ABS-CBN News Posted at Feb 07 2017 08:12 PM http://news.abs-cbn.com/business/02/07/17/duterte-govt-eyes-iconic-infra-projects-diokno MANILA – The Duterte administration will focus on building “iconic” infrastructure projects to improve the country’s transportation sector, Budget Secretary Ben Diokno said. Diokno said these projects include seaports and airports as well as a 600-kilometer railway system that will connect Tutuban in Manila to […]

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LOOK: The newly-renovated LRT1 Doroteo Jose Station

Light Rail Manila’s directive is to rehabilitate the 20 stations and train cars of LRT1 in 18 months and extend the line from Baclaran to Bacoor, Cavite By Chrisee Dela Paz Published Mon, Feb 6, 2017 7:14 PM http://www.rappler.com/business/160632-lrt1-doroteo-jose-renovation-lrmc MANILA, Philippines – The group of Metro Pacific Investments Corporation (MPIC) and Ayala Corporation is spending […]

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House panel moves to include casinos in AMLA coverage

By Jess Diaz (The Philippine Star) Updated February 8, 2017 – 12:00am http://www.philstar.com/headlines/2017/02/08/1670178/house-panel-moves-include-casinos-amla-coverage MANILA, Philippines – The House of Representatives has moved closer to including casinos in the coverage of the Anti-Money Laundering Act (AMLA). Eastern Samar Rep. Ben Evardone, who chairs the committee on banks and financial intermediaries, said yesterday his panel has “agreed […]

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Ongpin’s leisure facility eyes more members

By Lawrence Agcaoili (The Philippine Star) Updated February 8, 2017 – 12:00am http://www.philstar.com/business/2017/02/08/1670007/ongpins-leisure-facilityeyes-more-members MANILA, Philippines – The Alphaland City Club of businessman Roberto Ongpin is bullish on its prospects this year, banking on the country’s robust economic growth. Nicholas “Nic” Belasco, general manager of Alphaland City Club, said in an interview the City Club Alphaland […]

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BPOs unlikely to leave PH due to Trump: Megaworld

Cathy Yang, ABS-CBN News Posted at Feb 07 2017 04:17 PM Updated as of Feb 07 2017 05:11 PM http://news.abs-cbn.com/business/02/07/17/bpos-unlikely-to-leave-ph-due-to-trump-megaworld MANILA – US President Donald Trump’s tough rhetoric is unlikely to drive American companies to shut their outsourced operations in the Philippines, a property developer said Tuesday. Labor costs in the Philippines are equivalent to […]

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Robinsons to operate Go Lokal store: trade dept

ABS-CBN News Posted at Feb 07 2017 02:49 PM Updated as of Feb 07 2017 02:59 PM http://news.abs-cbn.com/business/02/07/17/robinsons-to-operate-go-lokal-store-trade-dept MANILA – Robinsons Department Store has agreed to operate Go Lokal! a shop that supports small businessmen, the Department of Trade and Industry said Tuesday. The Go Lokal! shop will open at Robinsons Place Manila in March, […]

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Alliance Global bets hotel expansion on tourism boom

Cathy Yang, ABS-CBN News Posted at Feb 07 2017 04:56 PM Updated as of Feb 08 2017 07:48 AM http://news.abs-cbn.com/business/02/07/17/alliance-global-bets-hotel-expansion-on-tourism-boom MANILA – Alliance Global is expanding its hotel portfolio, hoping to cash in on the overhaul of the country’s tourism infrastructure, a company official said Tuesday. Megaworld Corp. is opening Savoy hotels in Manila and […]

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8990 Holdings targets 42% rise in profit as it launches 8 projects

By Keith Richard D. Mariano Posted on February 08, 2017 http://www.bworldonline.com/content.php?section=Corporate&title=8990-Holdings-targets-42%-rise-in-profit-as-it-launches-8-projects&id=140300 8990 HOLDINGS, Inc. is targeting a 42% surge in earnings this year, with the launch of eight residential developments previously stuck in the permitting stage, and three other projects expected to deliver P3.7 billion in sales. The listed mass housing developer looks to book […]

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‘Land registration woes setting back Philippine economy’

ABS-CBN News Posted at Feb 07 2017 06:51 PM http://news.abs-cbn.com/business/02/07/17/land-registration-woes-setting-back-philippine-economy Registering land in the country has proven to be a headache, and this inept system is turning off investors, one expert has said. Ian Lloyd, senior land administration and management specialist at Land Governance Innovations, said only Indonesia and Cambodia are worse than the Philippines […]

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