PROPERTY research and consultancy firm Colliers Philippines reported healthy office bookings in 2022 in areas outside of Metro Manila, which means more outsourcing firms and local-based enterprises are growing their footprint in the post-pandemic era. Colliers Philippines’ recorded 221,100 square meters (sq.m.) of office deals outside Metro Manila last year, nearly double the 113,100 sq.m. […]
Tag: metro
Espinoza: No ‘war’ against worsening traffic congestion in Cebu City?
After a two-year disruption to our daily lives due to the Covid-19 pandemic, we are now back to our normal routines. Unfortunately, the traffic in Cebu City and neighboring cities has returned to pre-pandemic levels. Cebu City’s traffic congestion is one of the city’s woes that Mayor Michael Rama is trying to address, but he […]
Metro Manila Council OK’s single ticketing system for traffic violations
THE METRO Manila Council, a policy-making body led by the capital region’s 17 mayors, approved on Wednesday the adoption of a single ticketing system for traffic violations. The system is contained in the Metro Manila Traffic Code of 2023, which harmonizes transport and traffic management in the region, including apprehension procedures and fines and penalties. […]
PB asks for sea water transport to address Cebu commuter hell
IN LINE with its aim to ease the traffic congestion in Metro Cebu, the Cebu Provincial Board has approved a resolution requesting the Department of Transportation (DOTr) and other government agencies to pursue the inter-intra island sea water transport project in the island. Cebu Sixth District Board Member Glenn Anthony Soco, author of the resolution, […]
JICA, NEDA regional office ink partnership for Metro Davao masterplan
THE NATIONAL Economic and Development Authority’s (NEDA) Davao region office and Japan International Cooperation Agency (JICA) have sealed a partnership for drawing up a masterplan for Metro Davao, an envisioned metropolitan area that will cover six cities and nine towns. “NEDA 11 expresses gratitude to the government of Japan and the leadership of the JICA-Tokyo […]
Colliers: Cebu’s retail is back
PROPERTY advisory firm Colliers Philippines sees a rebound in Cebu’s retail scene amid fears of muted spending due to challenging market conditions. According to Collier’s latest market report, many mall operators including in Cebu are now reporting that consumer traffic is starting to bounce back to 2019 levels. “We now see the resurgence of high-density […]
Metro Retail Stores log P400.7M net income in 9 months
AMID the global headwinds such as soaring inflation, rising interest rates, and weakening peso, Metro Retail Stores Group Inc. (MRSGI) maintained its growth momentum with a net income of P400.7 million for the first nine months of 2022, a turnaround from a P306.4 million pandemic-driven net loss in 2021. Quarter-on-quarter, MRSGI recorded a P181.8 million […]
Watsons recognized for contributions to government’s vaccination program
TRUSTED health, wellness, and beauty retailer Watsons Philippines has been recognized by the Department of Health for its efforts as a partner of the government in the “Resbakuna sa Botika” program now dubbed “PinasLakas,” which provides Covid-19 vaccine boosters to the public. The DOH gave recognition and honor to Watsons and their Covid-19 Immunizing Pharmacists […]
Hitachi Rail to Deliver New Trains to ATM for Metro Milan
MILAN, Nov 7, 2022 – (JCN Newswire via SEAPRWire.com) – ATM has awarded a EUR368m framework agreement for the manufacturing of new metro trains for the Milan metro, to Hitachi Rail. The award is part of ATM’s massive investment plan to deliver an increasingly sustainable and technologically advanced public transport system. New Trains for Metro […]
Rains fail to bring Angat water to ‘ideal’ levels
THE National Water Resources Board (NWRB) said that the volume of water at Angat Dam remains below the 212-meter level, which is deemed to provide an adequate safety margin for supply during the dry months, despite the rains brought by recent typhoons. Sevillo O. David, Jr., NWRB executive director, said in a Laging Handa briefing […]
Metro’s fun run returns in time for 40th Anniversary
THE Metro Retail Stores Group Inc. will shell out exciting prizes in a sporting event dubbed Metro @40 Ruby Fun on Nov. 6, 2022, at the Ayala Center Cebu Terraces.The event returns after the hiatus caused by the pandemic.“We wanted to do an event where we can have fun with our customers and, at the […]
MVP keen on investing in CCLEX ramps, Metro Cebu expressway
BUSINESS tycoon Manny Pangilinan is considering investing billions of pesos in two major infrastructure projects in Cebu, including the construction of additional ramps for the Cebu-Cordova Link Expressway (CCLEX).Aside from the additional CCLEX ramps, Pangilinan is also planning to pursue a possible public-private partnership (PPP) for the ongoing Metro Cebu Expressway project that will run […]
SWS: 2.9M Filipinos went hungry in Q2
FILIPINO families that went hungry in the last three months of the Duterte administration fell to 11.6% from 12.2% a year earlier, according to a poll by the Social Weather Stations (SWS). This was equivalent to 2.9 million people, the pollster said in a statement on Sunday. The hunger rate in June was 0.6 point […]
Lawmaker seeks investigation of ‘no-contact’ policy
A CONGRESSMAN has filed a resolution seeking to investigate the government’s use of video surveillance and digital cameras to catch traffic violators in five Metro Manila cities. Quezon City Rep. Marvin C. Rillo, who filed House Resolution 237, on Tuesday said the government’s so-called no-contact apprehension policy might be abused by law enforcers. “Our sense […]
Metro Retail nets P218.9M in first half, remains hopeful of retail recovery
METRO Retail Stores Group Inc. (MRSGI) sustains its strong 2022 performance amid supply chain disruptions and elevated commodity prices induced by the ongoing threats of the Russia-Ukraine conflict and Covid-19 pandemic.MRSGI capped its second quarter of 2022 with a net income of P185.6 million, which is reflective of the significant upward trend in the company’s […]
MPTC unit expects up to 10% rise in CAVITEX vehicle count by Nov.
AN INCREASE in average daily vehicle volume of up to 10% is expected on the Manila-Cavite Expressway (CAVITEX) when physical classes resume in November, according to Cavitex Infrastructure Corp. (CIC), a unit of Metro Pacific Tollways Corp. (MPTC). “With more vehicles expected to ply the 14-kilometer CAVITEX going to different schools and universities in Metro […]
Metro Manila’s construction materials retail price index
THE GROWTH in retail prices of construction materials in Metro Manila continued in May to its highest level in more than 13 years, driven by the higher cost of imports and the reopening economy. Read the full story.
Sunland plans Red Hotel in Cebu
SUNLAND Development Corp. (SDC) is constructing a 200-room Red Hotel in Cebu as it banks on the city’s economic expansion. “[Cebu’s] impressive economic growth has been carried by the rapid expansion of businesses in different industries which led SDC to its decision,” the company said in a press release on Wednesday. The company said that […]
RDC 7 proposes increase in cost of BRT, container port projects
THE Regional Development Council in Central Visayas (RDC 7) has recommended increasing the costs of two already approved big-ticket infrastructure projects in Metro Cebu.National Economic Development Authority (Neda) Central Visayas director and RDC vice chairperson Efren Carreon said these projects are the Cebu Bus Rapid Transit (BRT) and New Cebu International Container Port (NCICP).Currently, the […]
Demand for office space outside NCR seen to step up
COMPANIES, especially call centers, are looking outside the National Capital Region to set up their offices, property consultants said, as they see a trend for the market to expand to other major cities. “There are several reasons why call centers would want to lease outside of Metro Manila. It makes sense to look at new […]