Richest Billionaires 2025
Who do you think among them can memorize Psalms 23?
A University Inside a Mall?
Studying at NU Cebu means being surrounded by convenience, accessibility, and endless choices. From grabbing a quick bite between classes to shopping for school essentials, everything you need is just a few steps away. But this setup isn’t just about comfort—it’s also a test of self-discipline. With so many entertainment options available, students will need to learn how to balance study and leisure effectively.
Challenges to Watch Out For:
❌ Distractions Everywhere – From shopping sales to movie screenings, students must stay focused on their studies.
❌ Daily Expenses Can Pile Up – With food courts, cafés, and shops all around, spending money impulsively is a real temptation.
❌ Crowded Environment – Being inside a mall means students will deal with heavy foot traffic, especially during peak hours.
❌ Lack of Traditional Campus Spaces – Unlike universities with large open grounds, students may miss out on having a more traditional campus feel.
Advantages of Studying at NU Cebu:
- ✅ Convenience at Its Finest – Food, essentials, and services are readily available, saving students time and effort.
- ✅ Easy Access to Transportation – Located within SM City Cebu, students can commute with ease using public transport options.
- ✅ Safe and Secure Environment – The mall has security personnel, CCTV cameras, and well-lit spaces, ensuring a safer study environment.
- ✅ Comfortable Study Spaces – With cafés, bookstores, and co-working spaces, students can find different study spots outside the classroom.
- ✅ Ideal for Students with Flexible Budgets – Those who can afford it will find a more enjoyable campus life with various dining and leisure options.
Studying at National University Cebu will be an exciting journey—one that challenges students to manage their time, money, and priorities. If you can balance the academic grind with mall life, then NU Cebu might just be the perfect university for you!
Would you choose to study in a university inside a mall?
BIG NEWS AT SRP!
LOOK: Jollibee, Chowking, Bo’s Coffee, and Caltex are about to make waves at City di Mare (CDM) – the heart of Cebu’s booming South Road Properties! Back to homepage
🏙️ Soon-to-Open Establishments:
📌 First-ever drive-thru concepts in SRP!
📌 Strategically located along the busy Cebu South Coastal Road (CSCR).
📌 Expect increased foot traffic, convenience, and consumer engagement in the area.
🚗 Why Invest NOW?
With leading brands paving the way, City di Mare is primed for unstoppable growth, making it a hotspot for business opportunities. The rise of these high-traffic establishments solidifies the township’s position as Cebu’s next big thing.
💡 Cebu is on the move. Are you?
💼 Don’t get left behind. Invest now and secure your spot in Cebu’s most dynamic urban destination!
📲 Message us today to learn more! 🏢✨
BSP SURVEY REVEALS!
A recent Bangko Sentral ng Pilipinas (BSP) survey shows a rise in Filipino property ownership beyond primary residences, with more individuals acquiring land, farms, and second homes. Ownership rates are highest in Visayas and Mindanao, with many properties inherited or purchased in cash. Most are used for agriculture, future homes, or vacation retreats. Notably, nearly 95% of these properties have appreciated in value, with market prices surging an average of 8.4 times their original cost.
This story originally appeared on tribunephl. Graphics and minor edits were made by the Destination PH editors.
When Leaders Unite, Big Things Happen!
Filipino Homes is proud to announce a groundbreaking partnership with SM Development Corporation (SMDC), the Number One Developer in the Philippines! This alliance between two of the country’s biggest names in real estate marks a new era of opportunities for Filipinos across the globe. Back to homepage
With Filipino Homes leading the way in real estate brokerage and SMDC pioneering top-tier property development, this collaboration is set to redefine the industry. At the helm of this visionary partnership is Anthony Orais Leuterio, the nation’s top-selling broker, joining forces with SMDC’s esteemed leaders, Chairman Henry Sy Jr. and Vice President Jessica Bianca Sy. Together, they bring a shared mission—to empower communities, elevate lifestyles, and create a brighter future for Filipinos everywhere.
A Partnership Built on Excellence
Filipino Homes has long been a trusted name in real estate, serving millions of Filipinos with unparalleled service, expert guidance, and extensive property listings. Meanwhile, SMDC has earned its reputation as the country’s premier property developer, renowned for creating world-class residential communities that cater to modern urban living. By combining Filipino Homes’ vast network of real estate professionals with SMDC’s commitment to quality and innovation, this partnership is set to deliver unparalleled value to homebuyers and investors alike. Back to homepage
Empowering Filipinos Worldwide
This collaboration is not just about selling properties—it’s about transforming lives. Filipino Homes and SMDC aim to provide Filipinos, both locally and abroad, with easier access to prime real estate investments. Through innovative digital platforms, expert-led consultations, and exclusive opportunities, the partnership seeks to make homeownership and property investment more seamless and rewarding.
Overseas Filipino Workers (OFWs) play a significant role in the nation’s economy, and this partnership is dedicated to offering them the best investment opportunities in the country. Whether they are looking for a dream home for their families or a smart investment for the future, Filipino Homes and SMDC are here to make it happen.
Raising the Bar in Real Estate
With this partnership, expect groundbreaking projects, game-changing developments, and top-tier customer experiences. Filipino Homes and SMDC are set to launch innovative marketing strategies, exclusive property offerings, and tailored investment solutions that cater to every Filipino’s needs.
This collaboration is more than just a business venture—it’s a movement towards building sustainable communities, fostering economic growth, and providing every Filipino the opportunity to own a piece of the country’s most sought-after real estate.
The real estate industry in the Philippines is about to witness a transformation like never before. Filipino Homes and SMDC are ready to set new benchmarks in property investment, customer service, and community development. This is just the beginning—bigger and better things are on the horizon!
Stay tuned for more updates and exciting developments. The future of real estate starts here, and we can’t wait to share it with you!
“Filipino Homes Takes the Global Stage with International Award Win!”
Anthony Orais Leuterio, the founder of Filipino Homes, has been named the 2024 International Realtor of the Year by the National Association of Realtors (NAR). This prestigious recognition highlights his significant contributions to raising ethical standards, promoting best practices, and enhancing the international reputation of the Realtor profession.
Leuterio’s leadership in the Philippine real estate industry has been transformative. Under his guidance, Filipino Homes has grown into one of the country’s largest real estate networks, with over 100 offices and 11,000 licensed professionals. His “customer-first” philosophy emphasizes providing high-quality services, protecting client investments, and fostering long-term relationships.
The award was presented at the NAR NXT conference held in Boston, Massachusetts, from November 8-10, 2024.
Congratulations, Boss Anthony Leuterio, on being honored as the 2024 International Realtor of the Year! This incredible achievement is a testament to your hard work, dedication, and visionary leadership in the real estate industry. I’m beyond proud to be part of Filipino Homes and to witness firsthand the remarkable impact you continue to make. Here’s to more success and inspiration for us all!
24.5 km Proposed Cebu-Bohol Link Bridge
Exciting news! Metro Pacific Investments Corporation (MPIC), chaired by Manuel V. Pangilinan, is currently exploring the possibility of building a 24.5 km bridge that will connect Cordova, Cebu to Bohol. This potential infrastructure project aims to enhance connectivity and foster economic growth between the two provinces, making travel more convenient and boosting tourism and commerce in the region.
The development was announced by Allan Alfon, the president of Cebu-Cordova Link Expressway Corp. (CCLEC), which is a subsidiary of Metro Pacific Tollways Corporation (MPTC).
Note: The photo is for demonstration purposes only and is credited to the Florida Sunshine SkyBridge. 📸
SM SEASIDE ARENA CEBU
16,000 seater SM Seaside Arena Cebu🏗️🚧 (Under Construction)
📍South Road Properties, Cebu City, Cebu Province!
SM Seaside Arena is a multipurpose indoor arena, located adjacent to the SM Seaside complex. It is estimated to have a 16,000-seating capacity. Once completed, it will be the largest indoor arena in Cebu.
SRP Is Never The Same
The South Coast City project at SRP Cebu is one of the most exciting developments on the horizon, set to redefine the landscape of the region. This ambitious project is a joint venture between three real estate giants: Ayala Land, SM Prime Holdings, and Cebu Holdings. Covering 26 hectares, South Coast City is poised to become a vibrant mixed-use community, seamlessly blending commercial, residential, and recreational spaces.
Strategically located along the South Road Properties (SRP), this development aims to create a new hub for business, leisure, and living in Cebu. The project includes retail areas, office spaces, hotels, and residential condominiums, offering a dynamic urban environment for both locals and visitors. One of the highlights is the Arena, a state-of-the-art facility designed for large-scale events and concerts, adding a new dimension to Cebu’s entertainment scene.
But South Coast City is more than just buildings; it’s about creating a lifestyle. The development emphasizes green spaces, with parks and waterfront promenades designed to offer a refreshing escape amidst the urban hustle. The thoughtful integration of these elements ensures that South Coast City is not just a place to work or live but a destination to experience and enjoy. As construction progresses, the excitement is building. South Coast City is set to become a landmark in Cebu, a symbol of the city’s rapid growth and forward-thinking vision. Whether you’re looking to invest, work, or simply experience the best that Cebu has to offer, South Coast City is where it’s all happening. This is the future of urban living in Cebu, and it’s coming to life at SRP.
January inflation drops to 2.8%
In January 2024, inflation in the Philippines hit a three-year low at 2.8%, dropping from 3.9% in December 2023 and 8.7% a year ago. The National Economic and Development Authority (NEDA) attributed this decline to a decrease in food inflation, particularly in corn, oils, fats, meat, and sugar prices. Despite rice inflation rising to 22.6%, NEDA Secretary Arsenio M. Balisacan assured continuous monitoring through the Inter-Agency Committee on Inflation and Market Outlook (IAC-IMO) to recommend policy measures ensuring stable commodity prices amid the El Niño threat until May.
President Ferdinand Marcos Jr. extended reduced tariff rates for pork, corn, and rice until 2024 and reactivated Task Force El Niño to secure water, food supply, power, and public safety. He also mandated the implementation of the National Adaptation Plan (NAP) 2023-2050 to bolster resilience against extreme weather. The Department of Agriculture will oversee on-the-ground situations while ensuring a steady rice supply through a memorandum with Vietnam. Meanwhile, the Department of Social Welfare and Development will expand the National Food Stamp program to aid 300,000 households, prioritizing vulnerable families during the El Niño season.
SINULOG 2024 HELD AT SRP CEBU
Another triumphant Sinulog celebration in 2024! Kudos to the hardworking organizers, dedicated police force, and efficient Cebu officials who meticulously planned the event. A special commendation for the seamless execution, with no reported untoward incidents or accidents.
While the traffic entering Cebu City was notably heavy, it underscores the importance of adhering to traffic rules for the safety of everyone. Let’s continue to prioritize safety and cooperation, making each Sinulog celebration a joyous and incident-free experience for all.
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This property is located where the current Sinulog 2024 venue was held.
The term Sinulog originates from the Cebuano adverb “sulog,” which roughly translates to “resembling the movement of water currents.” This term characterizes the rhythmic forward-backward motion of the Sinulog dance, involving two steps forward and one step backward, accompanied by the beat of drums.
The dance is divided into three categories: Sinulog-base, Free-Interpretation, and street dancing. Candle vendors at the Basilica persist in performing the traditional version of the dance while lighting candles for customers, often accompanied by songs in the native language.
The Sinulog-Santo Niño Festival is an annual cultural and religious celebration observed on the third Sunday of January in Cebu City. It stands as the focal point of Santo Niño Catholic festivities in the Philippines.
Sinulog Sa Sugbo Philippines 2024 Winners
Best in Ritual Showdown (SB)
5th – Cebu Gen
4th – Barangay Labangon
2nd – Abellana Natl School
1st – Barangay Guadalupe
Best in Ritual Showdown (FI)
5th – Barangay Mabolo
4th – Barangay San Nicolas
3rd – Lumad Basakanon
2nd – Dinagat Islands
1st – Canlaon City
Best in Street Dancing
5th – Cebu Gen
4th – Dinagat Islands
3rd – Barangay Inayawan
2nd – Canlaon City
1st – Lumad Basakanon
Best in Musicality (FI)
5th – Binaliw
4th – Mabolo
3rd – Lumad Basakanon
2nd – Dinagat Islands
1st – Canlaon City
Best in Musicality (SB)
5th – Abellana Natl School
4th – Barangay Banilad
3rd – Barangay Inayawan
2nd – Barangay Guadalupe
1st – Barangay Labangon
Best in Costume
Sinulog-Based – Barangay Guadalupe
Free Interpretation – Canlaon City
60 hectare POND A at SRP Masterplan
Introduction
The Strategic Redevelopment Plan for Pond A in Cebu City, spearheaded by Mayor Mike Rama, envisions a comprehensive and sustainable transformation of Pond A, aligning with the city’s growth and development objectives. Pond A is a significant natural resource within the city, and this plan aims to capitalize on its potential while preserving its ecological balance.
Objectives
- Preservation of Natural Ecosystems:
- Prioritize the protection and conservation of the natural habitats and biodiversity within Pond A.
- Implement measures to mitigate environmental degradation and sustain the ecological balance.
- Infrastructure Enhancement:
- Develop sustainable infrastructure to improve accessibility and connectivity around Pond A.
- Promote eco-friendly transportation options to reduce the ecological footprint of visitors and residents.
- Community Engagement and Education:
- Encourage community involvement in the redevelopment process to ensure their needs and concerns are considered.
- Establish educational programs and initiatives to raise awareness about the importance of preserving and respecting the environment.
- Tourism and Recreational Opportunities:
- Enhance Pond A as a tourist destination by creating recreational facilities and promoting eco-tourism activities.
- Foster partnerships with the private sector to develop responsible tourism initiatives that contribute to the local economy.
Implementation Strategy
- Stakeholder Collaboration:
- Engage various stakeholders, including local communities, environmental organizations, government agencies, and private investors, to collaborate on the redevelopment plan.
- Feasibility Studies and Environmental Impact Assessment:
- Conduct thorough feasibility studies and environmental impact assessments to ensure the proposed developments align with sustainable practices and comply with regulatory standards.
- Infrastructure Development:
- Construct eco-friendly infrastructure, including walking trails, observation decks, and eco-pavilions, to provide visitors with an immersive experience while minimizing environmental impact.
- Community Workshops and Awareness Campaigns:
- Organize community workshops to gather input and feedback from residents, ensuring their concerns and ideas are incorporated into the plan.
- Launch awareness campaigns to educate the community about the benefits of sustainable tourism and responsible environmental practices.
- Public-Private Partnerships:
- Foster partnerships with private investors and organizations to fund and execute various aspects of the redevelopment plan, leveraging their expertise and resources.
Conclusion
The Strategic Redevelopment Plan for Pond A in Cebu City, guided by Mayor Mike Rama’s vision, embodies a holistic approach that balances economic growth with environmental sustainability. By preserving natural ecosystems, enhancing infrastructure, engaging the community, and fostering responsible tourism, this plan aims to transform Pond A into a vibrant, eco-friendly destination that benefits both residents and visitors alike.
By GMP
FILIPINO HOMES NOW A CPD PROVIDER IN THE REAL ESTATE INDUSTRY
Exciting News! Filipino Homes is now an accredited CPD Provider recognized by the Professional Regulation Commission (PRC). As a real estate company, we are dedicated to elevating professionalism in the industry and ensuring our team’s continuous growth. Our CEO and company owner Boss Anthony Leuterio consistently inspire us with their dynamic vision, constantly motivating us to excel professionally and financially. The passion, vision, and drive exhibited by our CEO and the supportive individuals (Team Leaders and Unit Managers) around him create an environment of outstanding performance and exceptional service to our clients. We are grateful for the guidance of the Lord God Almighty as our CEO embarks on his mission to improve people’s quality of life through his ministry. Join us on this incredible journey towards personal and professional development!
Congratulations Boss!
SKYCRAPPER CITY-LAPULAPU CITY
Some notable towers in the Historic Resort City of Lapu-Lapu City that is Under Construction and Soon to Rise
-La Victoria Residences
-Balai by BE Residences
-EL Sol
-Abaca Resort
-Positano Mactan
-Costa Mira
-Aruga by Rockwell
THE COMMERCIAL, INDUSTRIAL & LEISURE CENTERS OF METRO CEBU!
When exploring the diverse Metro Cebu, it’s impossible not to be captivated by the three main urban centers that represent its commercial, industrial, and leisure aspects. Cebu City, Mandaue, and Lapu-Lapu City each have their unique traits and roles, serving as vital contributors to the region’s socio-economic development. Together, they form the foundation of progress and variety that define Metro Cebu. Back to homepage
At the heart of this urban triumvirate stands Cebu City, a bustling metropolis brimming with commercial opportunities and entrepreneurial fervor. Serving as the economic nucleus of the entire province, Cebu City stands tall as a vibrant hub of trade, commerce, and finance. Its towering skyscrapers and bustling streets symbolize the relentless spirit of entrepreneurship that permeates its core. A vibrant network of shopping malls, retail outlets, and markets cater to the discerning needs and wants of a diverse consumer base, making Cebu City a shopping haven and a commercial melting pot. With a rich tapestry of businesses ranging from international corporations to small-scale enterprises, Cebu City showcases a unique blend of traditional values and modern ambitions, solidifying its position as the commercial epicenter of Metro Cebu.
While Cebu City may steal the limelight in terms of commercial prominence, Mandaue City steps forward as the industrious powerhouse of the region. Recognized as a thriving industrial hub, Mandaue is synonymous with innovation, manufacturing, and technological advancements. Boasting a robust infrastructure, this city serves as home to numerous factories, production facilities, and industrial zones. Here, industrial giants and local businesses alike find fertile ground to nurture their growth, driven by a skilled workforce and a favorable business environment. Mandaue’s industrial prowess extends to various sectors, including furniture manufacturing, electronics, and metal fabrication, among others. With its relentless pursuit of progress and commitment to industrial excellence, Mandaue City stands as a beacon of industrial strength within Metro Cebu. Back to homepage
In the midst of the bustling urban landscape, Lapu-Lapu City emerges as a serene sanctuary that caters to the leisurely desires of residents and tourists alike. Nestled on Mactan Island, Lapu-Lapu City embraces its idyllic coastal location, boasting stunning beaches, luxurious resorts, and a thriving tourism industry. As a popular destination for both local and international travelers, Lapu-Lapu City offers an array of recreational activities, such as diving, snorkeling, and island hopping. It also serves as a gateway to the pristine beauty of nearby destinations, including the breathtaking islands of Olango and Nalusuan. Lapu-Lapu City’s leisure offerings extend beyond the shores, with its vibrant nightlife, entertainment venues, and culinary delights ensuring that visitors are indulged in a rich tapestry of experiences. In this haven of relaxation and pleasure, residents and tourists find respite from the daily grind, rejuvenating their spirits amidst the natural wonders and recreational havens that Lapu-Lapu City abundantly provides.
Together, these three cities stand as the pillars of Metro Cebu’s economic landscape, each contributing its distinct strengths to create a harmonious tapestry of commerce, industry, and leisure. As Cebu City thrives as the commercial hub, Mandaue City’s industrial might drives the engines of progress, while Lapu-Lapu City embraces its leisurely charm, enticing visitors with its natural and recreational treasures. This triumvirate of urban centers encapsulates the essence of Metro Cebu’s diverse and prosperous identity, embodying the resilience, dynamism, and limitless potential of this thriving region.
STATE OF PROPERTY BUYING IN THE PHILIPPINES
Real estate is a popular investment option for many people because it offers the potential for long-term capital appreciation and a steady stream of income through rental yields. When considering buying a property, there are several factors that are typically taken into account, including location, unit size, and value for money.
Live Interview @ CNN News
Location is a key consideration when investing in real estate, as it can have a significant impact on the value of a property over time. Properties located in areas with good infrastructure, amenities, and transport links tend to appreciate in value more quickly than those in less developed areas. Location also plays a significant role in rental yields, as properties in desirable areas are more likely to attract tenants willing to pay higher rents.
The size of a property is also an important factor to consider when making a real estate investment. Larger units tend to command higher rental yields, but they also require a larger initial investment. Smaller units may offer lower rental yields, but they are often more affordable and may be easier to finance.
Value for money is a crucial factor in any real estate investment decision. It’s important to consider the current market conditions, such as supply and demand, interest rates, and other economic indicators, to determine whether a property is priced fairly. A property that offers good value for money is one that is priced reasonably based on its location, size, and other features, and has the potential to generate strong returns over the long term.
Overall, when investing in real estate, it’s important to consider all of these factors and conduct thorough research to make an informed decision. By carefully considering location, unit size, and value for money, investors can increase their chances of success in the real estate market.
CEBU THE FASTEST GROWING CITY
Cebu City, located in the central part of the Philippines, is undoubtedly one of the fastest-growing cities in the country. With its strategic location and robust economic activity, it has become a hub for business, commerce, and tourism, attracting both local and foreign investors. Back to homepage
One of the key factors that contribute to Cebu’s rapid growth is its booming business sector. The city is home to several industries, such as manufacturing, electronics, and outsourcing, which have attracted investors from around the world. As a result, Cebu has become a hub for business process outsourcing (BPO) companies, with several multinational corporations setting up operations in the city.
In addition to its strong economy, Cebu City is also a popular tourist destination, drawing visitors with its rich cultural heritage, stunning natural landscapes, and world-class resorts. The city’s famous landmarks, such as the Magellan’s Cross, Basilica del Santo Niño, and Fort San Pedro, are just some of the attractions that make Cebu a must-visit destination for tourists.
Moreover, Cebu City is well-connected to the rest of the country and the world, with its modern airport, seaport, and transportation infrastructure. This has made it easier for both tourists and investors to travel to and from the city, contributing to its continued growth. Back to homepage
Despite its rapid development, Cebu has managed to preserve its rich history and culture, which can be seen in its museums, festivals, and local cuisine. This unique blend of modernity and tradition has made Cebu an attractive destination for people from all walks of life, further contributing to its growth and prosperity.
In conclusion, Cebu City is a shining example of a fast-growing Philippine city, fueled by a vibrant economy, robust infrastructure, and a rich cultural heritage. Its continuous development and expansion make it a city to watch, and it is sure to remain a top destination for both tourists and investors for many years to come.
INFLATION RATE DROPS TO 6.6% IN APRIL
INFLATION DROP
Inflation refers to the rate at which the general level of prices for goods and services is rising, which can erode the purchasing power of currency over time. In the given scenario, the inflation rate in a country decreased from 8.6% in February 2023 to 7.6% in March, and further dropped to 6.6% in April. This is considered a positive trend as it indicates a slowdown in the rate of price increases. Back to homepage
The statement attributes this decrease in inflation rate to the efforts of President Bongbong Marcos and his economic team. It is worth noting that there could be various factors contributing to changes in inflation rates, such as changes in the supply and demand of goods and services, shifts in global economic trends, and government policies.
While the actions of the President and his economic team may have played a role in the decrease of inflation, it is important to note that there could be other factors at play as well. Furthermore, it is important to track the inflation rate over a longer period of time to assess whether the decrease is sustainable and to analyze its impact on the economy and the public.
MINGLANILLA RECLAMATION PROJECT
Summary Report: Sunstar Cebu | May 4, 2023 | by Earl Kim Padronia
Municipality of Minglanilla, Cebu Province
Developer: Cebu Landmasters, Inc.
Approved by Cebu Provincial Government
Envisioned to generate over 75,000 jobs in Minglanilla and its surrounding towns/cities
NEARLY two months after it received the Provincial Government’s approval, Cebu Landmasters Inc. (CLI) is now in the final stages of the bidding process for the upcoming construction of the Minglanilla Reclamation Project.
The company just has a long and tedious bidding process to select the best contractors and suppliers for the construction of the project, Jose Franco Soberano, CLI senior executive vice president and chief operating officer, said during CLI’s First Quarter 2023 Investors’ and Analysts’ Briefing on Wednesday, May 3. (Back to homepage)
The techno hub project is seen to be a catalyst for southern Cebu’s growth and development, with the estate envisioned to generate over 75,000 jobs in Minglanilla town and its environs.
The 100-hectare Ming-Mori Minglanilla Reclamation Project will be built along the shores of Barangays Tulay, Calajo-an and Tungkil. It will be transformed into a techno-business park with a fully integrated port area.
It is among CLI’s eight flagship projects under the mixed-use and township portfolio in the Visayas and Mindanao (Vismin) that integrates commercial, industrial, civic and recreation uses in one platform.
On March 6, 2023, the Cebu Provincial Board approved the proposed 100-hectare reclamation project, which had been endorsed by the Cebu Provincial Reclamation Authority led by chairperson Gov. Gwendolyn Garcia that had also approved the project on Oct. 20, 2022. Back to homepage
Soberano said CLI owns 80 percent of the consortium that is composed of Ming-Mori Development Corp. in partnership with the Minglanilla Local Government.
From focusing on the Visayas and Mindanao regions over the years, CLI is now eyeing to establish its presence in Luzon, particularly southern Luzon.
He said CLI will bring its affordable housing portfolio inspired by the success of its Casa Mira housing brand in Vismin.
“We are looking at southern Luzon first at CamSur (Camarines Sur); Naga City, Bicol; and Lipa City, Batangas (which) are closer to us coming from the south,” Frasco said.
He added that CLI is also looking at constructing high-rise buildings and properties in Luzon, but affordable housing units are still its topmost priority.
This was also their response to the government’s call to help address the country’s housing backlog of six million units.
Portfolio. As of the first quarter of the year, CLI possessed a portfolio of 85 residential projects that brought a 33 percent increase in revenue sales amounting to P4.7 billion and 94 percent or
32,166 sold units out of 34,276 real estate units across all stages. For its real estate sales, 17 projects were
launched, 33 are under construction, and 35 were already completed.
“Reservation sales take-up reached P5.22 billion, marking a significant 16 percent year-on-year growth. The company’s economic flagship brand, Casa Mira, accounted for 52 percent of the sales. By location, Cebu made up the bulk of the sales with 40 percent generated from all project areas across Vismin,” CLI said.
CLI’s hospitality category also saw a 79 percent increase or P29 million in revenue. Under this category, five projects for launching in the coming years are Astra Cebu, to be completed in 2024, Mercure Hotel in Patria de Cebu in 2024; MagsPeak Mountain Resort in Balamban, Cebu in 2025; Abaca Resort in Mactan, Cebu in 2025; and the Sofitel in Master Town Cebu in 2026.
Three new hospitality projects, namely lyf Cebu City in Base Line Center, Citadines Bacolod City and The Pad Co-Living in Banilad High Street, are scheduled to start operations this year.
A SALUTE TO ALL FILIPINO WORKERS
Today, we celebrate the achievements and contributions of workers around the country. It’s a day to honor the hard work and dedication of those who have built our societies and to recognize the progress that has been made in improving working conditions and workers’ rights. Back to homepage
Labor Day is a reminder that every job, no matter how big or small, is valuable and contributes to the betterment of our society. It’s a day to appreciate the people who make our lives easier, from the doctors and nurses who keep us healthy, to the teachers who educate our children, to the farmers who grow our food.
As we celebrate Labor Day, let’s remember the struggles and sacrifices of those who came before us, and let’s continue to work towards a better future for all workers. Let’s strive for a world where everyone has access to good jobs, fair wages, and safe working conditions. Back to homepage
Let’s honor the workers who have built our world, and let’s pledge to continue fighting for the rights and dignity of all workers. Happy Labor Day!
MEETING WITH THE FORMER PRESIDENT
Our CEO, meeting with former President Rodrigo Duterte and Senator Bong go. Looking at our leaders is inspiring. I believe something good is coming out from this. Given time to meet government officials is an honor and its a good opportunity to share the value you can impart to your beloved country. Back to homepage
Meeting with government officials can indeed be an honor, as it presents an opportunity for individuals or organizations to share their views and ideas with those in power. It can also be an excellent platform for building relationships and partnerships, particularly in sectors where government support and cooperation are crucial.
Given a chance to share the values and ideas that your company stands for, it could have a positive impact on our country’s development. The government could benefit from learning about innovative solutions and business practices that can help create jobs, drive economic growth, and solve social problems.
However, it’s worth noting that meeting with government officials does not always guarantee positive outcomes. The success of such meetings often depends on the issues discussed and the nature of the relationship between the government and the organization. It’s essential to approach such interactions with a clear purpose, strategy, and realistic expectations.
Overall, meeting with government officials can be a good opportunity to share knowledge, network, and build relationships, and it’s admirable that you see it as an honor and a chance to contribute positively to your country.
PHILIPPINES IS ASIA’S FASTEST GROWING ECONOMY—- International Monetary Fund 
The World Economic Outlook report released by the International Monetary Fund (IMF) provides an economic analysis and forecast of the global economy, including the performance of individual countries. According to the report released in April 2023, the projected GDP growth for the Philippines in 2023 is at six (6) percent.
Gross Domestic Product (GDP) is a measure of the total economic output of a country, including all goods and services produced within its borders. GDP growth, therefore, represents the rate of increase in the country’s economic output over a given period. Back to homepage
The Philippines’ projected GDP growth of six percent in 2023 is higher than the forecasted GDP growth of several other countries in the region, including India, Vietnam, China, Indonesia, Malaysia, and Thailand. This indicates that the Philippines is expected to have a stronger economic performance in 2023 compared to these other countries.
It is important to note that economic forecasts are subject to change based on various factors, such as changes in government policies, natural disasters, and global economic conditions. Therefore, while the IMF’s projections provide valuable insight into the expected economic performance of countries, it is essential to consider these forecasts in conjunction with other economic indicators and trends.
Cebu City’s proposed 𝙈𝙤𝙣𝙤𝙧𝙖𝙞𝙡 𝙋𝙧𝙤𝙟𝙚𝙘𝙩!
A Perspective Plan of Cebu City’s proposed Monorail Project is a conceptual plan that outlines the proposed route and system design for a monorail system in Cebu City. The proposed monorail system is intended to traverse the SRP South Coastal Boulevard and the coastal areas of Southern Cebu City Barangays, providing a faster and more efficient mode of transportation for residents and visitors alike.
The monorail system is expected to complement the city’s development project in the waterfront areas, which is the Coastal Development Plan of the Cebu City Government. The monorail system will provide a convenient and sustainable transportation option for those living in or visiting the coastal areas, helping to reduce traffic congestion and promote economic development in the region.
The Perspective Plan of the proposed monorail system will likely include detailed information on the system’s route, stations, and infrastructure requirements. This plan will be subject to further review and approval by relevant government agencies and stakeholders before the project moves into the implementation stage.
As of now, there is no further information available about the specifics of the proposed monorail system or its timeline for implementation. However, updates are expected to be provided as the project progresses, and the public can look forward to a more efficient and sustainable transportation system in Cebu City in the future.
PH 2023 GDP FORECAST RANKS #1 IN ASEAN
The Philippine economy is ranked as the top 1 in the whole of Asia according to the World Economic Outlook released by the International Monetary Fund this April.
The Philippine economy has been recognized as the strongest and most prosperous economy in Asia, according to the World Economic Outlook report published by the International Monetary Fund in April of a certain year. This ranking is based on several economic indicators such as GDP, inflation rate, employment rate, and other relevant factors that contribute to the overall economic performance of a country. Being ranked as the top 1 in Asia is a significant achievement for the Philippine economy as it signifies its growth and development, as well as its potential for further progress and prosperity in the future.
Philippines’ Tallest Structure to Rise in Cebu City!
Emerging Philippines | FB Post | April 16, 2023
An iconic tower is proposed to rise somewhere in Cebu City
5K venture and Development Corp presented to Mayor Mike Rama at his office a 490-meter, 155-floor tower design.. This proposed tower will include a 15-story hotel and a three-story luxury complex with three levels of 360-degree viewing decks, an observatory, and two revolving restaurants on a three-hectare lot with parks all over and a dancing water fountain.
The project will be under a Private-Public Partnership (PPP) scheme, which will be at no cost to the City Government. The tower is designed by Bong Deiparine.
NOTE: THE SPECIFIC LOCATION OF THE PROJECT IS NOT FINAL YET AS IT IS STILL SUBJECT TO ACCEPTANCE AND APPROVAL OF THE LOCAL GOVERNMENT
PIO/ Colin Kintanar; Cebu City News & Information
Villar Still The Wealthiest Filipino, 232nd In The World
Business News Philippines | by Salle Mae
Former senator Manuel “Manny” Villar still holds the spot as the wealthiest Filipino, according to Forbes’ World’s Billionaires List, published on April 4.
The real estate tycoon was ranked as the 232nd richest person in the world with an estimated net worth of $8.6 billion. He is followed by fourteen other Filipino billionaires on the Forbes list. Forbes noted Villar as the chairman of property developer Vista Land & Lifescapes, which is run by his sons, Manuel and Paolo. The publication also noted that its real estate investment trust, VistaREIT, had an initial portfolio of 10 shopping malls and two office towers. Villar’s most valuable asset is his ownership of Golden MV Holdings (formerly Golden Bria), a developer of mass housing projects and memorial parks. His coffee shop, Coffee Project, was recently named the only Filipino cafe on the list of the “World’s Most Instagrammable Cafes.” Villar has been named the wealthiest Filipino for the fifth year in a row, following the death of SM Group’s Henry Sy Sr. in 2019. The self-made billionaire’s life lessons have inspired many Pinoys to dream big. Following Villar in the list of wealthiest Filipinos on the Forbes list is Enrique Razon Jr., the chairman of International Container Terminal Services Inc. (ICTSI) with a $7.3-billion net worth. San Miguel Corp.’s (SMC) chairman and president Ramon Ang is ranked as the third richest Filipino with a net worth of $3.4 billion. The fourth richest Filipino billionaire is SM Investments Corp. (SMIC) co-vice-chairman Henry Sy, Jr., with an estimated net worth of $2.5 billion. Sy Jr. is also the chairman of the group’s property arm, SM Prime Holdings.
Andrew Tan of Alliance Global Inc. (AGI) was also listed as the 5th richest Filipino, with an estimated net worth of $2.5 billion. They have diversified assets in the gaming, real estate, and food and beverage industries.
The Sy brothers, Hans and Herbert, tied with property magnate Lucio Tan for the 6th spot, with 3 of them each having an estimated net worth of $2.4 billion. Next on the spot is also a tie for the Sy siblings, Harley and Teresita Sy-Coson, both of whom are top executives of the SM Group, founded by their father Henry Sy. Their sister, Elizabeth, was also included on the list with a net worth of $1.9 billion. The rest of the remaining 4 Filipino billionaires who made it to the list are: the late John Gokongwei Jr.’s son, Lance Gokongwei; Jollibee Foods Corp. (JFC) chairman and founder Tony Tan Caktiong; and Iñigo Zobel of the billionaire family Zobel de Ayala. Forbes named LVMH chairman and chief executive Bernard Arnault as the world’s richest man with a net worth of $211 billion. This is the first time the French luxury goods tycoon has topped the list.
Filipino workers need 270 years to earn $1M
BusinessWorld | April 14, 2023 | 12:32 am
FILIPINO WORKERS will need to work in the next 270 years to earn $1 million (P55 million), based on the country’s minimum wages, according to research firm Picodi.com.
The Philippines ranked 89th out of 102 countries in the time it would take for an average worker to earn a million dollars, based on a report dated April 12.
Picodi said it summed up all the money an average worker of each country took home and got the average to rank each of them.
Switzerland topped the list with the shortest time at 14 years and three months, followed by Singapore at 16 years and 11 months.
There was an almost 250-year gap between the Philippines and eighth-ranked Australia’s 24 years and 3 months to $1 million.
It would take more than 600 years for a worker in Pakistan to earn the amount, 523 years and three months in Uganda and 519 years and a month in Nigeria, Picodi said.
The report should have also taken into account the cost of living in each country, Michael L. Ricafort, chief economist at Rizal Commercial Banking Corp. said in a Viber message.
“Relatively high inflation levels and the cost of food, housing and transportation may have contributed to the Philippines’ low ranking,” he said. “Countries that have a relatively higher cost of living would see a reduction in their purchasing power.”
Philippine inflation eased to 7.6% in March from 8.6% in February, but core inflation, which excludes items with volatile prices such as food, quickened to a 22-year high of 8% from 7.8 a month earlier.
Jobless Filipinos increased by 4.3% or 102,000 to 2.48 million in February from a month earlier. Job quality improved to 12.9% from 14.1% in January and 14% a year earlier.
The International Labour Organization has said inflation continues to cut the purchasing power of low-paid workers.
It said in the first half of last year, global wages fell in real terms for the first time in the 21st century.
Lawmakers have proposed wage increases for those in the private sector to help them cope with rising commodity prices.
Last month, the Unity for Wage Increase Now labor coalition sought to raise the P570 daily minimum wage in Metro Manila to P1,100. The region’” wage board approved a P33 hike in minimum wages last year.
Wage boards can only act on wage increase petitions a year after a region’s last wage order.
The minimum living wage of a family of five in Metro Manila should be at least P1,008, the labor group said, citing data from think tank IBON Foundation.
“The current meager P570 minimum wage does not correspond to workers’ necessary essential expenditures such as food consumed at home, clothing and footwear, transportation expenses and education, among others,” it said in a wage petition dated March 21. — John Victor D. Ordoñez
BusinessWorld
The Philippine peso closed at ₱55.26 against the US dollar on Thursday, April 13, 2023.
Philippine property prices jump in Q4
March 31, 2023 | 4:57 pm | BusinessWorld
HOUSING prices across the Philippines grew at a faster annual pace in the fourth quarter, driven by strong demand for duplex housing units and condominium units, Bangko Sentral ng Pilipinas (BSP) data showed.
Based on data from the central bank, the Residential Real Estate Price Index (RREPI) rose 7.7% year on year in the fourth quarter, quicker than the 6.5% growth in the previous quarter and the 4.9% in the same period in 2021.
On a quarterly basis, nationwide home prices rose 2.2%.
The growth in property prices in the period was the fastest since the 26.6% print logged in the second quarter in 2020.
The RREPI tracks the average change in prices of residential properties across housing types and locations, which gives the central bank insights into the property market where bank exposure is regulated.
The BSP said the pickup in the fourth quarter was driven by higher prices of duplex housing units, condominium units, and single-detached/attached houses in the fourth quarter.
Nationwide, the prices of duplexes climbed by 42.9% in the fourth quarter. Prices of condominium units and single detached/attached house rose by 12.9% and 10%, respectively.
On the other hand, prices of townhouses contracted by 6.8% during the fourth quarter, marking its second straight quarter of decline.
There is robust demand for horizontal projects such as duplexes and single detached/attached houses as the market continues to recover from the pandemic, said Joey Roi H. Bondoc, associate director for research at Colliers International Philippines.
“The increase was mainly because of strong demand still, outside of Metro Manila. These are horizontal projects outside of the capital region that are doing very well,” Mr. Bondoc said.
The RREPI showed residential property prices in the National Capital Region (NCR) grew by 16.1% year on year in the fourth quarter. Meanwhile, property prices in areas outside NCR (AONCR) inched up by 4.5%.
Data from the central bank also showed residential home loans in the fourth quarter contracted by 10.3% year on year as loans declined in NCR (-22%) and AONCR (-3.4%), reflecting the impact of rising interest rates.
Almost half (57.2%) of these loans were used to purchase new single-detached/attached houses, followed by condominium units (22.5%) and townhouses (19.8%).
According to Mr. Bondoc, consumers are more confident in buying housing units as more people are being employed and families receive more remittances from overseas workers.
“However, we need to watch out for slow launches in the market mainly because of high prices of construction materials as well as interest rates, mortgage rates and surge in land values,” he said.
Inflation is expected to settle within the 7.4-8.2% range in March, the BSP said on Friday. Headline inflation slowed to 8.6% in February from a 14-year high of 8.7% in January.
The BSP earlier this month hiked its key interest rate further by 25 bps to a near 16-year high of 6.25%. It has said its next policy move would depend largely on how consumer prices will behave in the coming months.
The BSP also sees inflation averaging 6%, higher than the 5.8% in 2022, before easing to 2.9% in 2024. —Keisha B. Ta-asan
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