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News for Philippines Properties and Economic
Developers Mute Political Noise, Focus on Property GrowthNew!!
Amid the current political climate, developers are choosing to ignore the surrounding 'political noise' and are concentrating their efforts on transforming the property sector into a compelling investment destination, despite the challenging conditions, as reported by Colliers Philippines. Investors, buyers, and business professionals have managed to separate the ongoing political distractions from their everyday business […]
New Condo & Mall in Nivel Hills, Cebu – Prime Real Estate
Cebu-based developer Grand Land Inc. has announced plans to construct a 33-story condominium tower on a 1.4-hectare property in Nivel Hills, Lahug, Cebu City. The project, named Auria Residences, was unveiled during the company’s Grand Annual Awards 2025 on Friday, February 21. Auria Residences: Redefining Urban Living The development will feature 950 condominium units, offering a mix of studio, one-bedroom, and two-bedroom configurations. According to Benrick Ryan Go, Operations […]
Philippine GDP Hits 5.2% in Q4 2024, Misses Target
The Philippines' gross domestic product (GDP) grew by 5.2 percent in the fourth quarter of 2024, according to the Philippine Statistics Authority (PSA). This figure was announced on Thursday, highlighting a slower-than-expected economic expansion. For the entire year of 2024, the country’s GDP growth reached 5.6 percent, falling below the government’s revised target range of 6 to 6.5 percent. Initially, the target was set at 6 […]
PH Tourism Hits Record P760.5B Revenue High
The Philippine tourism industry continues its upward trajectory, with inbound tourism revenue reaching an all-time high of ₱760.5 billion in 2024. Despite falling short of its full-year target for international arrivals, the industry remains a major driver of economic growth. According to Tourism Secretary Christina Frasco, this milestone highlights not only the sector’s recovery but […]
Oslob, Cebu to Welcome Dusit’s ASAI Hotel in 2026
Cebu's vibrant tourism scene is about to get a boost with the arrival of an international hotel brand. Homegrown developer, Grand Land Inc., is partnering with Dusit International to bring the first ASAI Hotel to the Philippines. Specifically, the ASAI Oslob, Cebu, is slated to open its doors by the end of 2026, adding a […]
Cebu Secures 3rd Spot in Global Travel Rankings
Cebu has once again proven its global appeal by securing third place in the Area Category of the highly acclaimed NEWT Awards 2024. The Department of Tourism (DOT) proudly announced this achievement on Tuesday, February 4, 2025, highlighting Cebu’s growing reputation as a top travel destination. Seoul, South Korea, has claimed the top spot in the latest global travel rankings, followed […]
2024 GDP Growth Forecast at 5.8%
The country’s economic growth may have fallen short of the government’s target last year, as severe storms late in the season dampened the usual holiday-driven boost. According to a median forecast from 12 economists surveyed by Inquirer, the Philippine gross domestic product (GDP)—which measures the total value of goods and services produced—likely expanded by 5.8% […]
Free internet program budget surges to P7.5 billion
For 2025, the General Appropriations Act mandates the Department of Information and Communications Technology (DICT) to establish internet connectivity in public schools located in geographically isolated and disadvantaged areas through the Free Public Internet Access Program (FPIAP). Additionally, the DICT is assigned to set up similar internet facilities in resettlement communities managed by the Department […]
Japanese-Style Nursing Facility by Nambu Wellness in Lapu-Lapu
Cebu is set to welcome a state-of-the-art nursing care facility, spearheaded by a leading Japanese company, marking a transformative chapter in senior care for Cebuanos. Nambu Wellness, a renowned name in Japan with over a century of expertise, officially launched its first Philippine project with a ceremonial groundbreaking event on January 8, 2025, in Barangay […]
Sinulog Festival 2025: Cebu's Grand Celebration of Faith & Culture
Every third week of January, the vibrant island of Cebu comes alive with one of the most anticipated and widely celebrated festivals in the Philippines—Sinulog Festival. This annual event is more than just a cultural celebration; it is a profound expression of faith, heritage, and devotion to Senior Santo Niño, the child Jesus. Over the […]