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Ayala Gains Stake in Cebu Development Firm
Ayala Corporation has made headlines in the Philippine real estate sector by acquiring a well-known Cebu-based developer after the successful approval of Aboitiz InfraCapital's stake buyout. This strategic acquisition enhances Ayala's presence in the fast-growing Visayas region and aligns with its mission to foster sustainable urban development across the Philippines. The move comes as the […]
Philippines' Q3 GDP Growth Slows to 5.2% Amid Economic Challenges
In the third quarter of 2024, the Philippines recorded a Gross Domestic Product (GDP) growth rate of 5.2%, marking a slowdown from the 6.4% growth achieved in the previous quarter. This deceleration highlights several economic challenges facing the country, including adverse weather conditions that have particularly impacted agriculture and disrupted government projects. This quarter’s growth […]
Cebu's Future: SM Seaside Arena Set to Redefine Events
The SM Seaside Arena, a monumental project under construction in Cebu City's South Road Properties, is heralding a new era for the region's economic and cultural landscape. With a seating capacity of 16,000, this will be the largest indoor arena in Cebu, designed to host various events, including international concerts, sports tournaments, and conventions. The […]
SM JMall:Cebu's New Shopping Sensation
Excitement buzzed through the streets of Mandaue City as the highly anticipated SM JMall officially opened its doors to the public last October 25, 2024. This vibrant new shopping destination marks the fourth SM store in the city. SM J Mall stands as a testament to modern architecture and innovative design, blending Japanese influences into […]
Cebu City Unveils Ambitious ₱33B Investment Plan for 2025
Cebu City is set to embark on an ambitious journey towards infrastructural and social advancement with a proposed P33 billion Annual Investment Plan (AIP) for 2025. The investment focuses on various sectors, particularly infrastructure and social services, and is designed to foster economic growth, enhance connectivity, and improve the overall business environment. Flood Management and […]
Paseo Grove Tower 2 Topping Off Ceremony
Priland Development Corporation marked a significant milestone in its ambitious Paseo Grove Tower 2 project with a topping-off ceremony in Lapu-Lapu City. The topping off of Tower 2 represents a big milestone in the ongoing construction of the entire Paseo Grove project, which is envisioned to comprise six towers in total. As the developers continue […]
GDP Growth reached 6.3% in the 2Q of 2024
In the second quarter of 2024, the Philippines' GDP growth rate reached 6.3%. This represents a significant increase compared to the 4.3% growth rate in the same period of the previous year, positioning the country as one of the top-performing major emerging economies in Asia. The primary driver of this high growth rate was public […]
CEB will launch direct flights from Cebu to Osaka
Direct flights between Cebu and Osaka, Japan will soon be available on the low-cost carrier Cebu Pacific. The new route intends to increase travel from the Philippines to Japan. Beginning October 15, 2024, the airline will start operating a four-day-a-week schedule between Cebu and Osaka, on Tuesdays, Thursdays, Saturdays, and Sundays with the following flights […]
CBRT Project Set to Revolutionize Cebu City's Economy and Spark Investor Interest
The Cebu Bus Rapid Transit (CBRT) project is on track to revolutionize Cebu City's economic landscape. This public transportation initiative is tailored to meet the needs of Cebuanos, with over 70% relying on public transport for daily travel. The project encompasses 13.18 kilometers (km) of segregated lanes with 17 stations, one depot, and one trunk terminal, connecting South […]
Overview of the Metro Cebu Expressway
The Metro Cebu Expressway is a vital infrastructure project designed to address and alleviate the pervasive traffic congestion in Metro Cebu. Spanning approximately 56.9 kilometers, this high-standard arterial toll road will extend from Naga City in the south to Danao City in the north, effectively connecting major transport routes across the region. Purpose and Benefits […]