The Philippines: Metro Manila offices and residential towers, Bonifacio Global City and Makati, and the provincial growth centres.
Rising labour costs and recruitment competition in Metro Manila are driving BPO firms to expand into provincial cities in the Visayas and Mindanao, according to real estate consultancy PRIME Philippines. The shift is constrained by limited Grade A office supply and infrastructure gaps in smaller mar
Manila Water Co., Inc. has completed a P5.7-billion submarine transmission system for its East Bay Phase 2 project. The 31.5-kilometer pipeline, consisting of two underwater segments, will carry up to 200 million litres per day of treated water from Laguna to Taguig City.
Food and beverage tenants are expected to account for nearly 50 per cent of Metro Manila retail space absorption from 2026 to 2028, as mall vacancy eases and international brands expand. Colliers Philippines projects vacancy will fall to 10.2 per cent by end-2026 and below 10 per cent in the first h
Philippine headline inflation accelerated to 7.2% in September, its fastest pace since March 2023, driven by food supply disruptions, higher global oil prices and rising transport and utility costs. The rate matched the Bangko Sentral ng Pilipinas' upper estimate and ended four months of deceleratio
The World Bank kept its 2026 GDP growth forecast for the Philippines unchanged at 3.7%, calling the country an 'outlier' in East Asia due to its exposure to high energy prices and limited gains from the global AI boom. Unlike regional peers, the Philippines has not benefited from AI-related investme
Property developers in the Philippines are pivoting toward affordable residential projects outside Metro Manila, where supply-demand conditions are more balanced, according to S&P Global Ratings. The ratings firm noted residential oversupply eased in 2025 but ready-for-occupancy inventory remained h
Megaworld Corp. President and CEO Lourdes T. Gutierrez-Alfonso ranked 87th in Fortune's 100 Most Powerful Women in Asia for 2026, up from 92nd last year. She was the only Philippine real estate executive on the list, which included three other Filipina leaders.
Rising operating costs and tighter foreign labour restrictions in Western economies are prompting more companies to consider shifting jobs to the Philippines, with some international firms looking at operations involving 5,000 to 30,000 positions, according to Leechiu Property Consultants.
GlobalSource Partners has urged the Philippines to ensure it captures high-value parts of the supply chain under the Pax Silica initiative, rather than acting merely as a resource supplier. The warning comes ahead of a planned $10 billion semiconductor and manufacturing hub in New Clark City, Tarlac
Lesstics, a Philippine green technology startup, is producing Earth Board, a formaldehyde-free construction board made from discarded coconut husks. The company works with farmers in Davao and Lanao del Norte and is exploring partnerships in Europe after exhibiting in Berlin.
Puregold Price Club, Inc. marks its 28th anniversary with the Puregold Barangay Panalo programme, bringing community projects and activities to 16 locations across the Philippines from October to November 2026. The initiative, supported by brand partners, includes tangible improvements such as commu
All Philippine provinces are expected to face drought conditions by end-March 2027 due to a strong El Niño, officials announced on Monday. The government outlined a multi-agency response focusing on water conservation, food stockpiles, and partial funding, with over 388,000 people already affected a
Listed construction firm EEI Corp. has appointed Andres P. Tumbokon III as chief transformation officer and promoted three other executives in a restructuring aimed at consolidating its building and engineering operations. The changes took effect on 2 Oct 2026.
Converge ICT Solutions said its submarine cable investments helped reroute traffic after a cable cut between the Philippines and Singapore over the weekend. The company used its Bifrost and SEA-H2X cable systems to stabilise connectivity, resulting in minimal disruption for customers.
Toshiba Corp. plans to expand production capacity in the Philippines for nearline hard disk drives to meet growing data storage demand. The Department of Finance said the expansion is expected to generate 3,000 jobs and strengthen the country's electronics manufacturing ecosystem.
Rising occupancy costs in Metro Manila's prime business districts are driving cost-conscious companies toward alternative hubs such as Ortigas and Quezon City, according to CBRE Philippines. The consultancy also notes growing interest in managed facility arrangements and a shift toward smaller, more
PNB Holdings, backed by billionaire Lucio Tan, plans to build a 280-metre mixed-use tower on an 8,000 sq m parking lot in Makati's central business district. The 54-storey project, estimated to cost at least 12.8 billion pesos (US$205 million), will be the Philippines' second tallest building after
Black & Veatch and Carmen Copper Corp. have received the Innovation Award at the 2026 Enlit Asia Awards for the Carmen Copper Floating Solar Project, a 4.996-MW floating solar facility on the Malubog Reservoir in Cebu, Philippines. The project is the country's first megawatt-scale floating PV instal
Megawide Construction Corp. is awaiting further action from the Government Service Insurance System on its unsolicited P3.5-billion proposal to develop and operate an integrated transport terminal in Quezon City. The PPP Center has endorsed the proposal, and GSIS issued a notice to commence negotiat
PNB Holdings Corp. ended its first week on the Philippine Stock Exchange unchanged at P1.20, with 1.07 billion shares worth P1.27 billion traded. Selling by recipients of a property dividend from parent Philippine National Bank was largely absorbed by value buyers, keeping the stock flat while the b
Landco Lifestyle Ventures has launched the Philippine Lifestyle Visa, a programme that combines a pathway to permanent residency through the Philippine Retirement Authority with exclusive access to its beachfront resort communities. The launch follows the Philippines being named the world's No. 1 re
PNB Holdings Corp. has signed a lease agreement with creative agency RNDMD for office space at PNB Makati Center on Ayala Avenue. The 35,000 sq.m. property is currently 86 per cent leased as the company continues to build occupancy and enhance amenities.
Filinvest Land's Filinvest Innovation Parks in New Clark City and Ciudad de Calamba have become the first industrial properties in the Philippines to receive an A+ rating under the International Finance Corporation's Building Resilience Index. The verified rating covers Ready-Built Factories at both
Megawide Construction Corp., through its subsidiary Megawide Dreamrise Residences, Inc., has topped off two towers at Jab Residences in Dasmariñas, Cavite, under the government’s Expanded 4PH Program. The developer pledged monthly amortisations starting at ₱2,500 and free shuttle services for two ye
The Philippine Stock Exchange is set for a busy period with three initial public offerings, including Mynt Inc., the fintech behind GCash, which could become the bourse's largest-ever listing. Analysts caution that success depends on post-listing performance and whether the IPOs attract fresh capita
MERALCO PowerGen Corp. (MGEN) and VITRO REIT, Inc. have signed an MoU to jointly study data centre developments integrated with renewable energy and power generation. MGEN will identify potential sites and power arrangements, while VITRO will lead design and hyperscaler engagement.
The Alliance of Concerned Teachers (ACT) Philippines has called for a broader investigation into 'ghost' school projects nationwide, following Commission on Audit findings that 66% of classrooms funded under the Basic Education Facilities Fund were not built. The group also flagged unverified vouche
Property owners in the Philippines can use existing real estate as collateral for the BDO Multipurpose Loan to fund business expansion, investment or working capital needs. The loan offers a Term Loan or Ready Check credit line, with borrowers retaining ownership of their property.
Developers are deferring new project launches as weaker economic growth, higher borrowing costs and geopolitical uncertainty weigh on the market, Colliers Philippines said. Residential and office take-up slowed in the first half, while the economy expanded just 2.3% in the second quarter.
A Brown Co., Inc. (ABCI) is investing about P75 million to acquire an approximately 20% stake in Simple Brown Builders, Inc. (SBBI), a newly formed real estate company. The investment adds to A Brown's existing property business, which includes residential developments in Northern Mindanao, Caraga,
Metro Retail Stores Group plans to develop a three-story retail complex in Ormoc City, Leyte, with groundbreaking targeted for late 2026. The project will house a Metro Supermarket, department store and commercial spaces, creating jobs and supporting local vendors.
Filinvest Land and Pag-IBIG Fund have signed a memorandum of understanding to make homeownership more accessible, offering qualified buyers preferential financing rates, discounts, and other incentives on select developments. The partnership supports the government's Expanded 4PH Program.
Marstek Infinity solar panels, featuring N-Type bifacial double-glass technology with up to 720W output and 23.2% efficiency, are being installed across thousands of homes in Luzon, Visayas and Mindanao. The panels carry a 30-year linear power warranty and a 15-year product warranty, backed by Fortu
Fitch Solutions unit BMI says the Philippines must use its subsea connectivity and secure power supply to compete for hyperscale data centre deployments as neighbouring markets near saturation. The country has 43 MW under construction and 221 MW planned, with a target of 1.5 GW of capacity by 2028.
Ayala Corp. has launched Alagang Ayala, a social infrastructure platform that brings together its healthcare, education, community development and sustainability businesses. The initiative aims to support human capital development while strengthening the group's presence in sectors with sustained de
Suntrust Properties has broken ground on Sonrisa Gardens, a mixed-use vertical community in Barangay San Pedro, Puerto Princesa. The first phase of three mid-rise towers will deliver about 1,445 residential units, 33 commercial spaces and 236 parking spaces within Megaworld-Suntrust’s Baytown Palawa
The IMF has lowered its Philippine GDP growth forecast for 2026 to 3.4% from 3.9%, and for 2027 to 5.1% from 5.5%. The downgrade follows weak second-quarter growth and renewed shocks from the Middle East war, with the protracted property sector slowdown cited as a contributing factor.
Philippine home prices grew just 0.4 per cent year on year in the second quarter, the slowest since the series began in 2019, driven by a first-ever annual decline outside Manila. Condominium prices rose 6 per cent, while house prices fell 4.1 per cent.
AREIT shareholders have approved a P17.3 billion property-for-shares transaction with Ayala Land and its subsidiaries, involving four malls and two hotels. The deal will see ALI subscribe to 462.48 million new AREIT shares at P37.48 each, raising AREIT's assets under management to P177 billion. The
President Donald Trump’s repeated calls for the US Federal Reserve to cut interest rates to 1% are impractical and would likely trigger global financial dislocation, analysts say. A 3-percentage-point reduction from the current 3.75%-4% range would push Treasury yields higher, weaken the dollar and
Property consultancy Savills Philippines warns that industrial hubs with limited grid capacity risk losing projects to locations with more reliable electricity. Power costs and supply stability are becoming decisive factors for manufacturers and logistics operators, outweighing traditional advantage
President Ferdinand R. Marcos Jr. has expressed support for a temporary suspension of increases in real property valuations that could raise tax burdens on property owners. The Department of Finance has begun taking action on the request following Marcos' meeting with the Private Sector Advisory Cou
The Philippine Bureau of Internal Revenue has released the implementing rules for electronic invoicing, requiring selected taxpayers to issue e-invoices by 31 Dec 2026. Micro taxpayers are exempt, while those in e-commerce, large taxpayers, and users of computerized accounting systems must comply.
NexGen Energy Corp.'s subsidiary Airstream Renewables Corp. has voluntarily relinquished contract areas for two wind power projects in Cavite and Batangas. The move covers the Asisan and Sambong wind farm projects, with the Department of Energy's approval expected in due course.
St. Luke’s Medical Center–Global City has launched a next-generation TrueBeam radiotherapy system with four advanced technologies for more precise, faster cancer treatment. The system can cut radiation exposure to healthy tissue by up to 50 per cent and shorten some procedures from hours to minutes.
The Bases Conversion and Development Authority expects investment approvals to exceed P100 billion this year, driven by interest in New Clark City and projects under the US-led Pax Silica initiative. First-half approvals surged 535 per cent to P49.98 billion, led by aviation and logistics firms expa
Demand for industrial space in the Philippines remained strong in the first half of 2026, led by semiconductor, food and beverage, and FMCG manufacturers. Supply expanded with 230 hectares of new developments, while modern warehouse rents rose 8% and vacancy improved to 13.1%.
IT-BPM companies continue to account for most office requirements in the Philippines, while non-BPO occupiers such as government offices and local banks are relocating to newer buildings. JLL Philippines notes that lower rents make such moves more attractive, and that improving real estate transpare
Ayala Land is constructing a seawater reverse osmosis facility at its Lio Estate in El Nido, Palawan, to provide up to 500 cubic metres of potable water daily from August 2027. The plant will diversify water sources and support new projects including the Balai Adlao Expansion, Sitio Aplaya and a wat
The Philippine Department of Education will roll out a digital safety campaign for students, teachers and parents following a school shooting on Friday at Banga National High School that killed three and wounded eight. Education Secretary Sonny Angara said the initiative covers safe chatting, cyberb
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