As plans to implement an RFID-only policy before the year ends become all the more inevitable as the government also encouraged cashless transactions in this time of the pandemic, a tollways firm pushes further for a “no contact entry” with Easytrip RFID Stickers.
Megawide-led group takes over NAIA rehab
Megawide Construction Corp., the listed engineering company and airport operator, has bagged the original proponent status (OPS) for the development of the Ninoy Aquino International Airport (NAIA) after government negotiations with a super consortium of seven conglomerates bogged down.
PSE oks PH’s first REIT listing
The Philippine Stock Exchange has approved the initial public offering (IPO) of as much as P15.1 billion planned by property giant Ayala Land-sponsored AREIT Inc., which will be the first real estate investment trust (REIT) to come to the local market.
Philippines climbs one spot to 45th in world competitiveness report despite pandemic
The Philippines has climbed a notch in Swiss business school International Institute for Management and Development’s (IMD) World Competitiveness Yearbook this year, despite the challenges brought by the COVID-19 pandemic.
SC invalidates BIR circular levying taxes imposed on condo unit owners’ dues, charges
The Supreme Court (SC) has invalidated a Bureau of Internal Revenue (BIR) circular that imposes a 12 percent value-added tax (VAT) and 32 percent income tax on association dues, membership fees and other charges collected by condominium corporations from its members and tenants.
Davao as an attractive property investment hub
This is the conclusion of my feature on Davao City as a viable property investment hub. The city remains an attractive site for outsourcing companies and its competitiveness spills over to the residential sector.
Davao as an attractive property investment hub
Colliers Philippines organized a Davao Property Forum on May 22. Together with Inquirer Property editor Tek Samaniego and Damosa Land first vice president Cary Lagdameo, we discussed how Davao City’s property sector is responding to the pandemic and how developers are future-proofing projects. We tackled a wide range of topics and provided insights and recommendations to stakeholders.
More than 68% of Filipinos prefers to work remotely even post Covid-19
For 10 weeks since ECQ and slowly to GCQ by next week, everything is still uncertain. Our confirmed cases still rising daily.
As pandemic hits dollar inflow, BSP chief says PH can benefit from investment shifts
In a statement, Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno said the forecast revisions will include estimates for the balance of payments position and foreign direct investments for 2020.
Metro Manila property prices expected to stabilize
After posting double-digit growth in the first quarter, prices of prime residential property in Metro Manila are expected to stabilize amid the coronavirus pandemic, according to real estate consultancy firm Santos Knight Frank.
Ayala launches program to help 250,000 SME partners
The country’s oldest business house, the Ayala group, is embarking on a comprehensive hand-holding program for about 250,000 small and medium enterprise (SMEs) in its ecosystem, including shopping mall tenants, suppliers and banking clients grappling with business disruptions caused by the coronavirus (COVID-19) pandemic.
Wait to Bounce Back? Or Shift and Adapt Now?
I just finished my steaming hot bowl of my super favorite Yushoken ramen that I prepared by myself, and it was really almost as good as having it in their restaurant, sans the long queue. The ramen kit was delivered after waiting for a few days because they were just overwhelmed with orders.
NCR construction material prices rise in March
The wholesale price of construction materials in the National Capital Region (NCR) rose 1.6% in March, the Philippine Statistics Authority (PSA) said.
POGO industry source of cash for gov't, Palace says on calls for resumption of ops
Philippine offshore gaming operations provide the government with cash resources, Malacañang said Tuesday after the Department of Finance said it is looking at reopening the industry even during the coronavirus crisis.
PH e-commerce gains during COVID-19 lockdown
The COVID-19 global pandemic and the resulting lockdowns to contain the disease, including in the Philippines, so far inflicted a “brutal blow” on the growing “sharing economy,” but benefitted the industry of e-commerce in Asean, Malaysian financial giant Maybank said.