The Philippines: Metro Manila offices and residential towers, Bonifacio Global City and Makati, and the provincial growth centres.
Foreign investment pledges approved by Philippine investment promotion agencies more than doubled to P166.03 billion in the third quarter of 2026, according to preliminary data from the Philippine Statistics Authority. The figure represents a 125.3% jump from the P74 billion recorded in the same period last year and a 43.57% increase from the P115.64 billion approved in the April-to-June quarter. Taiwan accounted for the largest share of third-quarter pledges at 46% or P76.27 billion, followed by Singapore at P40.48 billion, South Korea at P29.48 billion, the Netherlands at P3.712 billion and Japan at P3.7 billion.
Ayala-led renewable energy producer ACEN Corp. has surrendered 13 service contracts covering nearly 5 GW of proposed solar and wind projects in Luzon. The move is part of a strategic shift from rapid expansion toward focused execution and capital efficiency, and aligns with the Department of Energy'
PANGILINAN-led PLDT Inc. expects its telecommunications core income to decline in 2026, following a 6.2% drop in the first nine months. Third-quarter attributable net income fell 15.4% year on year to P5.23 billion, while the company deferred the planned IPO of its data centre REIT, VITRO REIT, Inc.
The Commission on Audit found that the Philippine National Railways overstated its revaluation surplus by P186.98 billion in 2025. Auditors could not verify billions of pesos worth of land and equipment, and issued an adverse opinion on PNR's financial statements for 2024 and 2025.
The Philippine Stock Exchange index fell 0.57% to 5,660.55 on Thursday as investors grew cautious over BMI's downgraded GDP growth forecast of 2.6%. All sectoral indices closed lower, with mining and oil posting the steepest decline of 3.91%.
Pampanga-based furniture maker Genteelhome has partnered with food and beverage company Wildflour to launch their first collaborative collection, Hapag, featuring six artisanal kitchen pieces made from upcycled wood offcuts. The collection is currently available in limited quantities at Wildflour's
VinFast officially launched the All-New VF 8 electric D-segment SUV in the Philippines, with a list price of PHP 1,548,000 with a battery subscription and PHP 1,799,000 with the battery included. First customer deliveries are expected to begin in November 2026.
FWD LIFE Insurance Corp. (FWD Philippines) has launched FutureSure Plus, a 10-year endowment plan requiring only two years of premium payments. The plan offers life protection and guaranteed cash payouts from as early as the end of the second policy year, plus a guaranteed maturity benefit.
The Philippines and the United States remain on track to finalise the master agreement for the Pax Silica advanced manufacturing hub by the end of 2026, despite no announcement during President Trump's visit for the ASEAN Summit. Trade officials said the deal will have its own dedicated signing cere
The Department of Finance and Bureau of Local Government Finance have told a Congressional hearing they support extending compliance timelines for the Real Property Valuation and Reform Act. Unreliable market data, stalled local government automation and failed valuation testing prompted the move. T
Alternergy Holdings Corp. plans to raise up to P10 billion through fixed-rate green bonds to help finance P26 billion in planned investments in solar and wind power projects. The board has approved a five-year shelf registration programme, with the initial offering targeted for the first quarter of
Filinvest Development Corp and Filinvest Land will cease operations of their joint construction company Dreambuilders Pro by 31 Dec 2026, shifting to third-party contractors. The group says the move supports expansion of residential townships and industrial parks, and will not have a material financ
Listed luxury developer Shang Properties, Inc. posted a 4.6% rise in attributable net income to P804.7 million for Q3 2026, driven by a 55.6% jump in residential sales and steady growth in leasing and hotel revenues. Consolidated revenue for the quarter climbed 27.9% to P3.41 billion.
Cagdianao Mining Corp. has recorded the rare, thumb-sized orchid Corybas pictus for the first time in the Philippines within its mining tenement in Dinagat Islands. The discovery, made during the company's 2025 biodiversity assessment, marks a new country record for the species previously documented
The first witness for Vice-President Sara Duterte-Carpio's defence could not confirm that a Davao City property belonged to her husband as declared in her statements of assets, liabilities and net worth. The Davao City assessor testified that the property's title could match the SALN entry but admit
SM Prime Holdings, Inc. is considering capital expenditures of up to P100 billion in 2027, with a focus on completing ongoing mall developments and redevelopments. The listed property developer reported a 14.8% decline in third-quarter net income to P10.9 billion, citing weak residential sales and e
PHINMA Corp. posted attributable net income of P306.19 million for the first nine months of 2026, driven by its education business. The construction materials and property segments recorded losses amid subdued construction activity and weather disruptions.
Megaworld Corp. recorded about 150,000 sq m of office lease renewals in the first nine months of 2026, outpacing nearly 100,000 sq m of new leases. The Tan-led developer reported a 90 per cent renewal rate among expiring contracts, with Metro Manila and provincial townships contributing to the total
Ayala Land, Inc. is limiting new residential launches to approximately P5 billion this year as it focuses on selling existing inventory of P99 billion. The Zobel-led developer reported P67 billion in residential sales reservations for the first nine months of 2026, with premium developments accounti
Colliers Philippines reports that conventional office leasing in Metro Manila fell 26% year on year in the first nine months of 2026, while flexible workspace net take-up jumped 185% to 7,600 seats. The shift reflects occupiers favouring agility and cost predictability amid geopolitical and economic
The Bases Conversion and Development Authority has signed three lease agreements with private developers committing at least P85 million for leisure, tourism and dining projects in Clark and Camp John Hay. Property consultants say the long-term government leases help developers reduce upfront land c
Colliers Philippines warns that unpredictable government timelines for Philippine Economic Zone Authority proclamations could influence office site selection in Metro Manila. About 280,000 sq.m. of upcoming office space is awaiting PEZA status, with 106,000 sq.m. due for completion in 2026 and 174,0
PLDT Inc. says the proposed $500-million nationwide subsea fibre-optic cable project remains under discussion as construction costs, investment returns and demand are assessed. The company is also prepared to pursue the IPO of VITRO REIT once market conditions become favourable, with the earliest wi
Quantity Solutions, Inc. (QSI) received the Highly Commended Research Team of the Year award at the RICS Southeast Asia Awards 2026 for its Construction Cost Guidebook – Philippine Edition 2025. The ceremony was held on 29 October 2026 in Singapore, marking the firm's third consecutive year of regio
Philippine bank lending growth accelerated to an 11.4 per cent year-on-year increase in September, the fastest in four months, driven by sustained demand from businesses and consumers. The Bangko Sentral ng Pilipinas reported total outstanding loans reached P15.265 trillion, with notable gains in cr
Philippine inflation accelerated to 7.8% in October, the fastest reading since February 2023, driven by higher energy costs and a weak peso. The headline clip exceeded analyst estimates but stayed within the central bank's forecast range.
Malacañang warns President Ferdinand Marcos Jr. may veto amendments to the proposed 2027 national budget that lack supporting documents or clearly identified projects. The warning follows calls from over 30 business and civil society groups to remove questionable congressional insertions, including
The Commission on Audit reported that the Department of Public Works and Highways inefficiently implemented 9,061 projects worth P531.79 billion in 2025, citing delays, suspensions and idle works. The agency also failed to disburse more than half of its obligated funds, with only 45.65 per cent disb
Duon Wayfinding aims to double its mall coverage to 60 locations across the Philippines by year-end, adding Ayala Malls and expanding beyond SM malls. The indoor navigation app, which has 50,000 monthly active users, is also developing restaurant and parking reservation features as malls add more en
Listed property developer DoubleDragon Corp. reported that its Hotel101-Madrid property in Spain generated €2.93 million in room revenues in October, with average occupancy reaching 97.41 per cent. The 680-room hotel, which opened in March 2026, is the group’s first outside the Philippines.
The Ascott Ltd. has opened Somerset Gorordo Cebu, a 155-unit serviced residence in Cebu City, on 30 Oct 2026. The property at Archbishop Reyes Avenue and Gorordo Avenue offers studios, one-bedroom and two-bedroom units from 33 sq.m. to 76 sq.m., targeting business and leisure travellers.
The Securities and Exchange Commission is encouraging Philippine manufacturers to raise funds through capital markets such as crowdfunding and IPOs to finance expansion. SEC Chairperson Francis Ed. Lim highlighted simplified registration frameworks and regulatory relief measures at the FPI Business
The Philippine stock market is expected to trade cautiously this week as investors await October inflation data and third-quarter corporate results. The PSEi fell 0.44% to 5,680.35 last week amid rising global oil prices and Middle East tensions, with analysts predicting continued volatility and sel
Property consultants say developers expanding outside Metro Manila must assess local governments' ability to deliver infrastructure before committing to new investments. Analysts identified Cebu, Iloilo, Davao, Cagayan de Oro, and the Luzon Economic Corridor as potential markets, while warning that
Globe Telecom has backed the inclusion of network requirements in property development plans as lawmakers consider updating the National Building Code. The company says early coordination between developers and technical teams can cut retrofitting costs and ensure properties are connectivity-ready f
Only 9% of third-quarter Grade A office supply in Metro Manila was delivered on schedule, pushing 231,600 sq.m. into the final quarter of 2026. Savills Philippines warns that vacancy could exceed 20% by yearend as negative net take-up and heavy completions pressure the market.
Aboitiz Economic Estates is positioning its LIMA Estate in Batangas and TARI Estate in Tarlac as complementary manufacturing hubs, as companies seek geographic diversification to manage supply chain risks. The company is expanding LIMA by 500 hectares and developing TARI, with both estates expected
Globe Telecom has expanded its hybrid and electric vehicle fleet to about 570 units as of August. The Ayala-led telco is targeting the transition of nearly 500 field sales service vehicles to hybrid or fully electric models by 2028.
State-owned Development Bank of the Philippines (DBP) won three awards at the Association of Development Financing Institutions in Asia and the Pacific (ADFIAP) Development Awards 2026 in Colombo, Sri Lanka. DBP took top honours in the CSR category for its INSPIRE education programme and earned meri
An exclusive roundtable in Bonifacio Global City brought together dermatologists and aesthetic practitioners to discuss skin barrier science and professional growth. LAMELEX showcased its Multi-Lamellar Vesicle Technology, while Golden Visa Central presented international investment opportunities fo
Four publicly listed companies of the Filinvest Group have been recognised at the 2026 Golden Arrow Awards by the Institute of Corporate Directors. Filinvest Development Corporation received two Golden Arrows, while Filinvest Land, Filinvest REIT Corp and EastWest Banking Corporation each earned mul
Ayala Land Inc. (ALI) opened The Exchange at Trinoma, an expansion of its Trinoma mall in Quezon City, on 30 Oct 2026. A commuter terminal that will consolidate 13 transport routes is scheduled to begin operations by the end of 2026, with future connectivity to the Unified Grand Central Station link
Asia United Bank Corp. (AUB) reported a net income of P9.4 billion for the first nine months of 2026, up just 0.3 per cent year on year. Net interest income rose 14.5 per cent to P15.5 billion, while gross loans expanded 13.8 per cent to P292.3 billion.
Puerto Princesa City is seeking private investments in tourism, infrastructure and other industries to sustain its 5.4% economic growth in 2025. At the 2026 Puerto Princesa City Investment Forum, the city government presented development projects including the Baytown Palawan township, a convention
ANFLO Management and Investment Corp. is developing a cement plant and bulk cargo infrastructure in Panabo City through a joint venture with PHINMA Corp.'s Philcement Corp. The project, located near the 63-hectare Anflo Industrial Estate, aims to bolster the area's logistics and manufacturing capabi
Robinsons Retail Holdings Inc. will launch its first Little Marketplace convenience store in Boracay on 30 Oct. Located at Henann Crystal Sands Resort, the outlet offers groceries, ready-to-eat meals, a Pick & Grill service and a bar, operating daily from 7am to 10pm.
The Senate of the Philippines launched Senate TV, its official free-to-air digital channel, on IBC-13 on Tuesday. The channel aims to give Filipinos unfiltered access to Senate proceedings, with a second phase planned for a main newscast and niche programmes.
The Philippine government will not oppose public works projects funded through congressional budget allocations provided the money is properly spent and projects are corruption-free, according to Palace Press Officer Clarissa A. Castro. Her statement came after a watchdog group flagged about P4 bill
The Investment Coordination Committee-Cabinet Committee has approved the Samal Island-Davao City Connector Project, a four-lane toll-free bridge. Separately, the Department of Finance said a joint venture between Bon Secours Mercy Health and AC Health plans a flagship hospital in Pasig City.
The Department of Agriculture announced P98 million in World Bank funding for an arabica coffee production project run by the Daraghuyan Indigenous community in Bukidnon. The investment, under the Mindanao Inclusive Agriculture Development Project, includes farm-to-market roads, a processing facilit
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