Leading developer in VisMin Cebu Landmasters, Inc. (CLI) posted a strong start to 2025, with a consolidated net income rising by 12% year-on-year to P1.32 billion in the first quarter. This was driven by geographic expansion, steady project execution, and sustained demand across key Visayas and Mindanao markets. Consolidated revenues grew by 4% to P6.51 billion in the same period last year, wit...
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Private sector economists have slashed their gross domestic product (GDP) growth forecasts for the Philippines to as low as five percent, citing the drag from shrinking exports and the broader impact of a global trade slowdown. Singapore-based UOB has substantially shaved its full-year growth projection for the local economy from six percent to five percent. This came after the first quarter...
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Developers respond to Metro Manila vacancies with flexible space formats. The government’s shutdown of Philippine Offshore Gaming Operators (POGOs) is prompting developers to repurpose vacant office spaces to meet shifting tenant demand. Formalised under Executive Order No. 74 signed by President Ferdinand Marcos Jr. on July 22, 2024, the directive mandates a complete halt to all POGO ope...
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LISTED real estate developer Cebu Landmasters, Inc. (CLI) posted a 2% increase in its first-quarter (Q1) attributable net income to P995 million from P978 million last year, led by sustained demand in the Visayas and Mindanao (VisMin) markets. January-to-March consolidated net income rose 12% to P1.32 billion from P1.18 billion a year ago, CLI said in a statement on Thursday. Conso...
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Robinsons Land Corp., the property arm of the bilyonaryo Gokongwei family, plans to invest between P100 billion and P125 billion over the next five years to expand its property portfolio and double its net income. As the second-largest mall developer in the Philippines, Robinsons Land is accelerating its expansion efforts to keep pace with larger competitors, SM Prime Holdings and Ayala Land. S...
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MANILA, Philippines — Engineering and infrastructure company Megawide Construction Corp. has doubled its profit last year following strong revenue contributions from its business operations. Megawide reported a net income of P538 million in 2024, up by 100 percent from P269 million in the previous year. Revenues climbed by 18 percent year-on-year to P22.1 billion as growth was recorded...
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