Cebu books 60% of total provincial office deals in 2022

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. […]

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.   […]

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 […]

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 […]

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 […]

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 […]

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 […]