The retail sector in 2016 continued to contribute significantly to the local economy, amid strong domestic consumption. According to the Philippine Statistics Authority (PSA), household final consumption expenditure (HFCE) grew by 7.23 percent in the first three quarters of this year versus 6.2 perc

Property developers that adopted a wait-and-see stance in the run-up to the national elections are back in business as new market opportunities emerge, according to a real estate consultancy. In its report released Friday, Pinnacle Real Estate Consulting Services Inc. said the opportunities to addr

Nuvali treats Southern folks with its light showBusiness Mirror | December 20, 2016 After the success of the Ayala Triangle Garden Festival of Lights, property colossus Ayala Land Inc. (ALI) decided to expand the project to be able to reach more communities and cities. As far as Nuvali is concerned

The island of Cebu no longer hides its imperial beauty behind the curtain. Boasting to be the country’s leading business and tourist hub, Cebu indeed is the rendezvous of tradition and modernization, keeping the pace of trade while providing relaxation to locals and tourists alike. Because of

DEMAND from business process outsourcing (BPO) firms will encourage robust growth in Cebu’s office property market, according to a report released Tuesday, by Colliers International Philippines, the latest in a series of analysts to highlight the positive prospects for real estate development

Real estate consulting and services firm Pinnacle said the business process outsourcing sector continues to be the driving force of the local office market. Cebu, it said, follows the national trend where the BPO industry heavily drives the market. In a report, Pinnacle said the annual average g

DOT chief urges stakeholders to build more hotels and resorts There is a need to build more hotels and resorts in the country especially since more tourists are expected to visit the Philippines in 2017. Tourism Secretary Wanda Corazon Teo expressed this need in the tourism industry, citing the co

THERE are promises that are meant to be broken. Such is the case of "many" condominium and housing projects in Cebu, according to an official of the Housing and Land Use Regulatory Board (HLURB) 7, that have not been turned over on time. One of the discouraged condominium buyers is an overseas Filip