The Philippines: Metro Manila offices and residential towers, Bonifacio Global City and Makati, and the provincial growth centres.
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
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
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