EnglishEconomy
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 […]
Primeworld Enclave Phase 2 Construction Begins
Primeworld Land Holdings has officially launched Phase 2 of Primeworld Enclave, an affordable housing development situated within a gated subdivision in Bulacan. This expansion comes in response to the overwhelmingly positive feedback received from the first phase of the project. In her keynote address, Celine Co, the Business Development Lead, emphasized Primeworld Land’s vision of […]
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 […]
Shang Properties Launch It's First High-end Condo in Cebu City- The Shang Bauhinia Residences
Shang Properties Inc., renowned for its high-end developments such as the iconic Shangri-La, has officially launched its inaugural project in Cebu—the Shang Bauhinia Residences. Located in the heart of Cebu, Shang Bauhinia Residences boasts a prime location strategically positioned near major business hubs. The project is just minutes away from Cebu IT Park and adjacent […]
Upcoming Projects in Lapu-lapu City
The city is poised for significant development with the announcement of two major infrastructure projects aimed at enhancing local amenities and services. Among the current projects in line are the Solar Water Pumping Station in Barangay Basak with a budget of ₱11.76 million. This project aims to provide a reliable backup water supply during shortages. […]
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 […]