RSS Inquirer Business
  • US restricts imports from 3 more Chinese firms tied to forced labor September 27, 2023
    WASHINGTON  -The United States restricted imports from three more Chinese companies on Tuesday as part of an effort to eliminate goods made with the forced labor of Uyghur minorities from the U.S. supply chain. Xinjiang Tianmian Foundation Textile Co Ltd, Xinjiang Tianshan Wool Textile Co. Ltd and Xinjiang Zhongtai Group Co. Ltd were added to
  • China expects economy to grow by slightly more than 5% in 2023 September 27, 2023
    BEIJING  -China is expected to achieve economic growth of slightly more than 5 percent this year, an adviser to the central bank said on Wednesday. China’s economic situation is very different from that of Japan in the 1990s and there is no basis for the feared “Japanification”, Wang Yiming, a member of the Monetary Policy
  • Pressure on China Evergrande intensifies; chairman under police watch September 27, 2023
    HONG KONG  -The chairman of China Evergrande Group has been placed under police surveillance, Bloomberg News reported on Wednesday, raising more doubts about the embattled developer’s future as it grapples with mounting prospects of liquidation. Citing people with knowledge of the matter, the report said Hui Ka Yan, who founded Evergrande in 1996 in the
  • 2GO hubs ready for spike in holiday demand, firm’s exec says September 27, 2023
    MANILA  -2GO Group Inc., the logistics arm of the Sy family conglomerate SM Investments Corp, is readying major hubs around the country to prepare for the surge in transport demand ahead of the Christmas holidays. “As the country’s largest logistics service provider, we embrace the philosophy of readiness regardless of season,” Frederic C. DyBuncio, president
  • Tacloban Airport upgrade facing ‘slight delay’ -CAAP September 27, 2023
    MANILA  -The Marcos administration is “speeding up” planned upgrades that are meant to transform the Tacloban Airport, also known as the Daniel Z. Romualdez Airport, into an international gateway amid reported delays. Improvements at the eastern Visayas hub, named after the late politician Daniel Z. Romualdez, the late uncle of President Ferdinand “Bongbong” Marcos Jr.,
  • Malware attacks targeting SMEs surged in H1, says Kaspersky September 27, 2023
    MANILA  -Local small and medium enterprises (SMEs) dealt with more malware attacks during the first half of the year, signaling the need to set up a robust cyberdefense to prevent disruptions in business, according to cybersecurity firm Kaspersky. In a report on Monday, the Russian company noted that the number of malware attacks targeting SMEs
  • PNOC plans to redevelop 19.2-hectare property in Batangas September 27, 2023
    MANILA  -State-owned Philippine National Oil Co. (PNOC) plans to redevelop its 19.2-hectare property in Batangas province into an offshore wind integration port to encourage developers to invest more in this renewable technology and accelerate the country’s energy transition efforts. At a Senate hearing last week, PNOC said the redevelopment of the Mabini port was part
  • Gov’t rejects bids for 3-year T-bonds September 27, 2023
    MANILA  -The national government rejected all tenders for its three-year Treasury bonds as waning lenders’ appetite rendered the offer undersubscribed, following hawkish signals from the Bangko Sentral ng Pilipinas. At the auction held on Tuesday, tenders totaled at only P27.6 billion, falling short of the P30-billion offer. “With a remaining term of two years and
  • Australia’s Aug inflation picks up September 27, 2023
    SYDNEY  -Australia’s inflation accelerated in August, driven by a surge in fuel prices, but the gain was in line with expectations and a measure of core inflation eased further, lessening any immediate pressure for the central bank to hike interest rates again. The Australian dollar was little changed at around 64 cents and three-year government
  • India to hold top spot for economic growth, survey shows September 27, 2023
    BENGALURU  – India will be the fastest-growing major economy this fiscal year, supported by government spending ahead of May’s general election, according to a Reuters poll of economists who did say the forecast risks were skewed to the downside. While Narendra Modi’s government increased spending in the past few years to build roads, railways, and


RSS Inquirer | Real Estate
  • Megaworld bags best developer, sustainability, and innovation recognitions from World Business Outlook July 2, 2023
    Property giant Megaworld further cements its status as a leading Filipino real estate developer as it brings home the most coveted ‘Best Real Estate Development Company in the Philippines,” as well as the country’s ‘Most Innovative’ and ‘Most Sustainable Real Estate Development Company’ from the World Business Outlook Awards 2023. Continuing its streak of major
  • The essentials of sustainable real estate March 24, 2023
    It is vital to understand the numerous aspects that contribute to sustainable real estate development, as well as the lessons acquired from the recent pandemic. Let’s look at the principles of sustainability, the key characteristics of sustainable projects, and the significance of operation and maintenance policies in lowering carbon footprint and promoting a better lifestyle
  • RL Commercial REIT profit jumps 162% February 9, 2023
    RL Commercial REIT Inc. (RCR), the real estate investment trust (REIT) arm of Gokongwei-led Robinsons Land Corp., saw profits surge by 162 percent last year as its asset portfolio grew. In a statement, the company said unaudited net income last year reached P4.4 billion compared to P1.68 billion recorded in 2021. The REIT firm’s asset
  • Why real estate, REITs make for a good investment July 26, 2022
    It’s not enough for us to simply scrimp on expenses, especially when the prices of the goods and commodities we buy continue to increase. It’s not enough for us to save. We stretch the muscles of our money. Make them work. Make them grow and make more money. It’s not enough to just invest. It
  • COVID-19 and the Philippine office space market July 8, 2022
    The Philippine office space industry is currently in a recovery phase which makes it a “tenant-market” in terms of rent prices. However, as the recession suffered by the industry is not market-driven but an external, artificial shock, the recovery is expected to be faster and the long-term occupancy average of 95 percent might be breached
  • Tailing the black swan July 8, 2022
    As the economy further opened, the first half of 2022 looked much better than a year ago. Coupled with seasonal growth fueled by election-related spending, the pent-up and revenge spending helped lift the national economy and increase the level of activities in the real estate market. After hitting the bottom of the market cycle last
  • Aiming for a strong recovery July 8, 2022
    We see highly encouraging growth for the office sector in the first half of 2022. With lease transactions now at 379,000 sqm, equivalent to 70 percent of full year 2021, we expect 2022 to exceed the numbers of last year. In fact, the current absorption of 255,000 sqm in the second quarter is the highest
  • Megaworld eyes P6.5B sales from township in Cavite May 30, 2022
    MANILA, Philippines—Billionaire Andrew Tan’s Megaworld Corp. is tapping the same design group behind Atlantis The Palm in Dubai and Shangri-La Maldives for a luxury resort-inspired residential project on its 140-hectare Maple Grove township in General Trias, Cavite province. Megaworld said in a statement the company Wimberly, Allison, Tong & Goo would design the 22-hectare Maple
  • Robinsons Land transfers P5.9B Ortigas building to REIT firm April 22, 2022
    MANILA, Philippines—RL Commercial REIT Inc. is taking over the P5.9 billion Robinsons Cyberscape Gamma building in the Ortigas business district, which would boost its portfolio and dividend payout to investors. RL Commercial REIT is the real estate investment trust (REIT) of Robinsons Land Corp., the property giant owned by Gokongwei-led conglomerate JG Summit Holdings. RL
  • MPIC revives real estate ambitions in Landco buyout April 1, 2022
    Tycoon Manuel V. Pangilinan-led Metro Pacific Investments Corp. (MPIC) has agreed to a takeover of Landco Pacific Corp., the pioneering beach resort developer it tried to sell a decade ago amid a broader shift to more stable and lucrative infrastructure projects. The P430-million deal would boost the water, energy and toll road giant’s stake in


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