EnglishNews
Pamela Pushes Continuation of P94B Cebu ExpresswayNew!!
Cebu Governor Pamela Baricuatro has formally appealed to the national government for financial support to jumpstart the long-stalled Metro Cebu Expressway (MCE). The critical 74-kilometer infrastructure project, valued at approximately P94 billion, is designed to alleviate the severe traffic congestion plaguing the Metro Cebu area. In a statement issued on August 27, Governor Baricuatro affirmed […]
Why Europe Should Invest in PH's $2T Potential
The Philippines could achieve $2 trillion GDP status by 2050, according to Arsenio Balisacan, Secretary of the Department of Economic Planning and Development (DEPDev). However, he cautioned this growth trajectory depends on the nation successfully navigating external economic shocks, from geopolitical tensions to supply chain disruptions. With its $392 billion economy now steadily advancing toward upper middle-income status, the Philippines is leveraging […]
Fastest Growing PH Region 2024: Central Visayas
Backed by a thriving tourism industry that stimulated consumer spending, Central Visayas (Region VII) solidified its status as the nation's top-performing regional economy in 2024, recording an impressive 7.3% GDP expansion. Recent data from the Philippine Statistics Authority (PSA) confirms this growth rate leads all 18 Philippine regions, exceeding both the national average (5.7%) and […]
Why Cebu's Condo Market Remains Stable in 2024
Despite rising political uncertainty nationally, Cebu’s condominium market continues to demonstrate stability with no oversupply risks, according to Colliers Philippines. In an April 3, 2025 interview, Joey Roi Bondoc, Colliers’ Director of Research, highlighted that Cebu’s 2.1-year inventory absorption rate starkly outperforms Metro Manila’s eight-year backlog, signaling robust market health. "These fundamentals confirm Cebu's market remains balanced and healthy," emphasized […]
Developers Mute Political Noise, Focus on Property Growth
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 […]
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 […]
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 […]