The Philippines: Metro Manila offices and residential towers, Bonifacio Global City and Makati, and the provincial growth centres.
Astoria Hotels and Resorts is promoting its events venues in Pasig City and Puerto Princesa, Palawan, for MICE and social gatherings. The Chardonnay Events Hall in Pasig offers function rooms for up to 512 guests, while the Mangrove Conference & Convention Center in Palawan provides eco-friendly spa
Ayala Land, Inc. (ALI) shares fell for the week ended 18 Sept as broader property sector weakness outweighed positive company-specific news, including the Market! Market! lease extension and additional share purchases by parent Ayala Corp. The stock closed at P15 apiece, down 0.4% from the previous
STARLUX Airlines projects triple-digit passenger growth in 2026, up from 75% the prior year, driven by aircraft expansion and route upgrades in the Philippines. The carrier sees no demand impact from rising fuel surcharges, which the CAB recently raised to Level 14.
SEC Chairperson Francisco Ed. Lim urged financial executives to introduce companies to the capital market earlier, as the Philippines lags regional peers with 279 listed firms and no IPOs in 2026. He called on FINEX members to help entrepreneurs view the capital market as a growth platform.
Nearly three in 10 hotel rooms projected to open by 2026 were cancelled, according to a report by PHOA and LPC. The country's accommodation pipeline has expanded to 45,884 room keys across 213 projects backed by P387 billion in committed capital through 2032.
The Commission on Audit found a P31-billion discrepancy between NIA's general ledger and physical inventory, and P22.8 billion in assets lacking property records. Deficiencies also left 45,783.9 hectares of farmland without operational irrigation, with 63 contracts worth P7.7 billion damaged or defi
The Philippines is projected to be Southeast Asia's second fastest-growing major economy, with average annual GDP growth of 5.8% from 2026 to 2035, according to a Bain & Company, DBS Group Holdings and Vriens & Partners report. Only Vietnam, at 6.2%, is expected to grow faster among the six major re
Alternergy Holdings Corp. plans to raise P2 billion through its maiden green fixed-rate notes issue in the Philippine debt capital market. Proceeds will support pre-development of projects awarded under the government's fourth Green Energy Auction.
The government has fully secured the station-area right-of-way for the NAIA Terminal 3 station of the Metro Manila Subway Project, clearing a key requirement for construction. President Ferdinand R. Marcos Jr. announced the milestone at the groundbreaking for Contract Package 109, which covers the u
The Financial Stability Coordination Council is taking preemptive steps to cushion the Philippine financial system against shocks from the Middle East war and volatile global markets. Measures include stricter oversight of nonbank lenders and enhanced risk monitoring, even as banks' property exposur
Federal Land has inaugurated Aki Tower, the third of four towers at The Seasons Residences in Bonifacio Global City, and is considering another development in Cebu. Chairman Alfred V. Ty said the company is taking a gradual approach to new projects amid existing inventory and a slow market recovery.
Analysts warn Pag-IBIG Fund's housing loan growth could slow as government shelter agencies face deep budget cuts in the 2027 National Expenditure Program. The slowdown follows a surge in releases driven by promotional rates, which analysts say cannot be sustained indefinitely.
Xiaomi Corp. launched the REDMI Note 17 Series in the Philippines on Tuesday, featuring four models with large batteries and enhanced durability. Prices start at P14,999 for the base REDMI Note 17, with early bird discounts available until Oct. 1.
House of Investments Inc. posted a 27% rise in 2025 consolidated net income to P3.6 billion, driven by its financial services and school businesses. The Yuchengco-led holding company plans to expand recurring income across insurance, education, energy, and property.
Aboitiz Construction and Spain's ACCIONA have formed a joint venture, ACCIONA Facility Management Philippines, to provide integrated facilities management services. The venture targets the pharmaceutical, industrial, corporate and transport sectors, combining local expertise with global capabilities
Damosa Land Inc. aims to complete its multi-building socialized housing project in Davao City within two to three years, with land development under way. The developer also reported progress across its Southern Mindanao portfolio, including Agria township, Kahi Estates and Bridgeport Park.
Property developers in the Philippines continue to build socialized housing despite government price ceilings limiting profitability, driven by regulatory compliance and lower-cost provincial projects. Analysts say cheaper land outside Metro Manila and partnerships with local governments help make t
Aboitiz Equity Ventures has expanded its LIMA Estate in Batangas from 384 hectares to approximately 1,100 hectares, attracting over P128.9 billion in investment and supporting 75,000 jobs. The company is building integrated ecosystems that combine infrastructure, energy, industrial development, educ
AstraZeneca Philippines and Ayala Healthcare Holdings Inc. have signed a partnership to strengthen clinical trial capabilities and expand patient access to innovative therapies. The agreement combines AstraZeneca's global research expertise with AC Health's hospital network and its subsidiary Health
Analysts expect Philippine banks to maintain subdued real estate exposure for the remainder of 2026 as tighter economic conditions dampen developer sentiment and property demand. BSP data shows the real estate exposure ratio fell to 18.72% at end-June, the lowest in nearly seven years, though total
BusinessWorld launches Part 1 of its two-part 39th Anniversary Report, examining how the Philippines can move beyond absorbing shocks to build a crisis-ready economy. The report gathers perspectives from across the business community on strengthening institutions, diversifying growth drivers and mak
The Investment Coordination Committee-Cabinet Committee is considering expanding an ongoing food security project to additional regions as the government works to address hunger. The committee also discussed amendments to infrastructure projects aimed at improving connectivity.
The bodies of 30 passengers killed in a fire aboard the M/V June Aster arrived in Coron, Palawan, on Saturday. The coast guard warned the death toll of 35 is expected to rise as 54 people remain unaccounted for.
PNB Holdings Corp. has set an initial reference price of P1.20 per share for its planned Sept. 25 listing by way of introduction, implying a market capitalisation of about P56.3 billion. The price is near the lower end of the P1.18-to-P1.89 valuation range from an independent fairness opinion.
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.
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