The Philippines: Metro Manila offices and residential towers, Bonifacio Global City and Makati, and the provincial growth centres.
PNB Holdings Corp. (PHC), the real estate arm of Philippine National Bank (PNB), has set an initial reference price of P1.20 per share for its planned Sept. 25 listing by way of introduction, giving the company an indicative market capitalisation of about P56.3 billion. In a statement on Thursday, PHC said the reference price is near the lower end of the P1.18-to-P1.89-per-share valuation range cited in an independent fairness opinion. The company is expected to have about 46.93 billion outstanding shares upon listing. PHC Chief Financial Officer Ponciano S. Carreon, Jr.
Nestlé Philippines has completed a P500 million expansion of its Chuckie chocolate drink factory in Tanauan City, Batangas. The new filling line will add 144 million packs annually to capacity and generate more jobs, underscoring the company's confidence in local manufacturing despite global economi
SM Offices has signed a lease with Visa that will more than double the digital payments company's office space to 9,000 sqm at Four E-com Center in Pasay. Visa will relocate from Five E-com Center and establish its Philippines Solution Center at the new facility, consolidating administrative, financ
The Washington-led Pax Silica initiative could help the Philippines move up the global technology value chain by supporting semiconductor production, critical mineral processing and emerging technologies, the Department of Foreign Affairs said. Foreign Affairs Secretary Ma. Theresa P. Lazaro said th
Pag-IBIG Fund and SM Development Corp. signed an MoU on 8 Sept to expand the range of SMDC homes available through Pag-IBIG Housing Loans. The partnership, under President Marcos' Expanded 4PH programme, includes preferential pricing on selected units and buyer education programmes.
S&P Global Ratings has warned Philippine banks to brace for prolonged volatility if the economy does not regain its footing over the next year. The credit rater expects slower loan growth, rising nonperforming loans and weaker asset quality as high inflation and subdued GDP growth squeeze household
Philippine banks' outstanding loans rose 10.4% year on year in July to P14.98 trillion, accelerating from 9.8% in June. Business lending expanded 9.8%, led by electricity, trade and manufacturing, while consumer credit growth softened amid weak confidence.
Cebu Landmasters is expanding its Bohol residential footprint with a 5.6-hectare mixed-use project in Tagbilaran City. The development will feature mid-market Velmiro housing and the company’s first Mirani condominium in the province, with commercial spaces.
The Philippines’ Department of Public Works and Highways and the Japan International Cooperation Agency have signed a technical cooperation agreement to boost capacity for bridge replacement and rehabilitation, as well as road tunnel construction. The agreement also covers urban drainage management
Wholesale price growth of construction materials in Metro Manila accelerated to a 3.6% year-on-year increase in August, the fastest in three years. The Philippine Statistics Authority attributed the rise mainly to higher prices of concrete products.
Listed Philippine developer Vista Land & Lifescapes is considering selling two non-core malls for up to P15 billion ($250 million) to refinance a $420-million bond due in July 2027. CreditSights identified asset sales, unpledging financial investments, shareholder support and domestic bank loans as
Industrial demand in the Philippines remained robust in H1 2026, led by semiconductor, FMCG and food firms seeking modern warehouses near ports and expressways. Colliers reports 230 ha of new supply in Southern and Central Luzon, while vacancy improved to 13.1% and modern warehouse rents rose 8% HoH
Government housing agencies in the Philippines have urged lawmakers to impose a fixed or reviewable period on beneficiaries of a proposed free housing bill, warning that indefinite occupancy could conflict with existing housing law. The Department of Settlements and Urban Development and the Nationa
The Department of Agriculture said a national land use law is needed to identify and protect prime agricultural lands, guiding investment toward areas that can sustain long-term food production. Colliers Research noted the measure could reshape the property sector by imposing stricter land-use stand
The Commission on Audit has flagged the Laguna Lake Development Authority for failing to recognise a 4,790-sqm land asset valued at P218.8 million in its books. The audit also found discrepancies in the agency's paid-up capital and lapses in enforcement of aquaculture and pollution penalties.
Senator Erwin T. Tulfo has called for the rapid enactment of the Masterplan for Infrastructure and National Development (MIND) Act to stop public fund wastage on substandard infrastructure projects. He made the push during deliberations on the proposed 2027 national budget, citing recent rain damage
RLC Residences, the residential arm of Gokongwei-led Robinsons Land Corp, is advancing construction of its MIRA condominium project in Barangay San Roque, Quezon City. The first two towers are scheduled for completion in 2031, with units priced from P6.3 million to P17.6 million.
Federal Land Inc president Jose Mari H. Banzon said the company is on track to hit or surpass its 2026 sales and revenue goals, with project timelines unaffected by severe flooding. The developer completed 866 residential units in the first half of 2026 and is focusing on recurring-income projects s
PNB Holdings Corp. is expanding sustainability measures across its P80.9 billion property portfolio, including a shift to 100% renewable electricity at two major Metro Manila commercial assets via a partnership with First Gen Corp. The company has also introduced energy-efficiency upgrades, water-sa
The Bureau of the Treasury borrowed P29.561 billion from reissued 20-year bonds, just short of the P30-billion target, as the average yield rose to 7.218% on risk-off sentiment from the escalating Middle East conflict. Global bond routs pushed sovereign yields higher, with traders flagging weak dema
Ayala Land will integrate its Urban Estates and Regional Estines businesses under the AyalaLand Estates Group effective 1 Jan 2027. The reorganiation is intended to strengthen long-term growth strategy, with Jaime Z. Urquijo appointed to lead the combined unit.
Carlos “Sonny” G. Dominguez III, who served as Philippine Finance secretary from 2016 to 2022, has been appointed lead independent director of Megaworld Corp. His appointment comes as the property developer expands its hospitality portfolio and targets nearly 12,000 hotel rooms by 2032.
The Philippine Senate has approved on third and final reading the Condominium Redevelopment Act, which eases voting thresholds for redeveloping aging condo buildings. The bill lowers the required unit-owner approval from unanimous to majority or two-thirds, depending on the building's age, and offer
Moody's Ratings has identified energy security shortcomings as a key bottleneck for the Philippines' data centre industry, which has not scaled to the extent of its regional counterparts. The Philippines and Vietnam are classed as "early-stage" markets, while Malaysia and Singapore have captured the
The World Trade Center Association says Philippine economic zones that combine infrastructure, incentives and investment support are well-placed to attract data centre investment. The recent lifting of the moratorium on new IT park applications in Metro Manila could also drive growth.
The Philippine Association of National Advertisers has opened entries for the PANATA Awards 2026, now in its 17th year. The awards recognise advertiser-led campaigns that deliver measurable business results while upholding high standards of strategy, creativity and responsible stewardship.
Steven Tan, President of SM Supermalls, has been named one of 10 honorees at The Business Manual's annual CEO Awards. The award recognises his transformational leadership in redefining the shopping centre experience and fostering community growth in the Philippines.
The Bases Conversion and Development Authority has granted original proponent status to a consortium of Maynilad Water Services and Korea Water Resources Corp. for a P14.8-billion water and wastewater project in New Clark City, Tarlac. The project is expected to support upcoming residential, commerc
Philippine Agriculture Secretary Francisco P. Tiu Laurel, Jr. has proposed geofencing around 3 million hectares of agricultural land, particularly rice-growing areas, to prevent them from being converted into solar farms. The Department of Agriculture will digitally map priority agricultural zones a
The Philippine government expects 46 economic zones proclaimed under the Marcos administration to attract P141.2 billion in investments and create nearly 189,000 jobs, Executive Secretary Ralph G. Recto announced. Four new proclamations expanding zones in Cavite, Batangas and Negros Oriental are pro
The Philippine Overseas Construction Board and the Department of Migrant Workers have signed a memorandum of agreement to help upskill Filipino construction workers deployed overseas. The partnership will explore programs tied to projects won by POCB-registered contractors, aiming to boost global co
Analysts say waste-to-energy (WTE) projects alone will not fix the Philippines' waste management issues, as they do not reduce waste at the source and could undermine recycling efforts. They caution that WTE may worsen flooding by incentivising plastic production and call for better collection, segr
Damosa Land, Inc. took home multiple honours at the 14th PropertyGuru Philippines Property Awards 2026 on 20 Aug, including Best Boutique Developer for the third time since 2020. Its TRYP by Wyndham Samal condotel, the first project approved under the SEC-RENT framework, won Best Investment Condo De
Aboitiz Economic Estates and Aboitiz Land won six awards at the 2026 PropertyGuru Philippines Property Awards, including Best Developer (Luzon) and Best Industrial Developer for the sixth consecutive year. The wins recognise the group's jobs-first, industry-anchored approach to building integrated e
Cebu Landmasters Inc took home nine awards at the 14th PropertyGuru Philippines Property Awards on 20 Aug, including Best Developer in the Philippines. The company also won Best Housing Developer, Best Developer (Visayas) and Best Developer (Mindanao) for the sixth consecutive year.
Ayala Land Inc. plans to launch its first residential project in its Cresendo estate in Tarlac, along with new phases in Nuvali, Laguna and Lipa, Batangas. The developer said demand is driven by end-users seeking larger living spaces and connectivity near major infrastructure projects.
DMCI Homes is developing a 4,000-unit socialised housing project in Cavite, with units priced around P1.8 million each. The developer is also preparing a similar project in Valenzuela and reporting strong sales of ready-for-occupancy properties.
Half of the P1-billion budget for Project NOAH will go toward acquiring 55 LiDAR drones and other equipment for high-resolution hazard mapping. The project aims to map 20 major river basins in a year and develop decision-support tools for disaster planning.
Cebu Landmasters Inc has broken ground on its P2.88-billion Alto Ranudo residential tower in Cebu City, the first of 11 developments it plans to launch in the second half of 2026. The 20-storey project on V. Ranudo Street will offer 389 studio and one-bedroom units after securing a conditional licen
SM Prime Holdings is adding about 70,000 square metres of gross floor area across mall expansions in Iloilo, Batangas and Naga by the fourth quarter of 2026. The largest project is SM City Iloilo North Block, which will contribute 35,000 sqm as part of a mixed-use development.
State-run Power Sector Assets and Liabilities Management Corp. (PSALM) is selling a 3.97-hectare portion of its Diliman, Quezon City property with a minimum bid price of P11.09 billion. A pre-bid conference is set for 3 Sept and bids close on 24 Sept.
Philippine Guarantee Corp. (Philguarantee) said its housing credit guarantee portfolio grew 9.44% year-on-year to P343.39 billion in the first half of 2026. The state-owned firm reported that 412,028 beneficiaries were reached through its programs, including socialized housing loans under the Abot-K
The Philippines Department of Public Works and Highways is proposing a P643.95-billion budget for 2027, up from P529.5 billion this year, to speed up feasibility studies for priority infrastructure. The agency is targeting completion of feasibility work by 2027 for the Sorsogon-Samar link and Leyte-
Manila's data centre development pipeline contracted by 13% in the first half of 2026, falling to 97 megawatts, as new project announcements failed to keep pace with recently completed capacity. Operational IT capacity expanded 22% to 90 MW, while vacancy improved to 43.6% from 48% in the previous h
Philippine shares closed lower on Tuesday, with the PSEi dropping 0.98%, as the unresolved Middle East conflict and a weakening peso weighed on sentiment. The property sub-index fell 0.26%, while Ayala Land bucked the trend with a 3.95% gain.
The Department of Human Settlements and Urban Development (DHSUD) says its target of 1.13 million housing units by 2028 will not be enough to clear the 3.7-million backlog, requiring robust private-sector production. The department's 2027 budget allocation of P5.49 billion is far short of its P60-bi
The Philippine Department of Energy is considering a plan to ration port access for offshore wind developers, granting priority to bidders with the earliest delivery commercial dates. The plan comes after the DoE postponed the fifth green energy auction, citing port readiness and supply chain issues
Pag-IBIG Fund’s gross housing-related assets reached P1.01 trillion as of 31 Jul 2026, with housing loans making up 96 per cent of the total. Loan releases from January to July rose 12 per cent year-on-year to P88.84 billion.
The Securities and Exchange Commission is considering raising the P100-million minimum capital requirement for stockbrokers, which has been unchanged since 2001. Chairman Francisco Ed. Lim said the review follows incidents involving brokers with small capital bases and forms part of broader efforts
Premiere Island Power REIT Corp. expects revenue to remain at about 51% of last year's level for as long as lease agreements with S.I. Power Corp. remain suspended. The suspension stems from a dispute over SIPCOR's operating permits, which the Court of Appeals reversed but the Energy Regulatory Comm
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