Maniolas

MANILA, Philippines – Riding high on an office sector boom in the country, upscale real estate developer Century Properties Group Inc. has launched its latest commercial property offering in Makati expected to generate P2.5 billion in sales. Century Properties said its new office spaces at the Century Spire tower in Century City is part of its plan to expand its commercial assets given the country’s strong economy that fuels demand for office space, especially for the business process outsourcing (BPO) and IT sectors. “We are aggressively pursuing our business expansion plans this year, which includes strengthening our commercial portfolio on top of our current concept residential projects. Diversifying to other product offerings, such as for sale strata office space, is instrumental in sustaining the growth for the company,” said Century Properties chief operating officer Marco Antonio. The listed property firm owned by former ambassador Jose E.B. Antonio said Century Spire would be adding a minimum of 23,000 square meters of office space to the market upon its completion. Century Properties said the units would be sold to end users seeking a prime location for their business, as well as to those seeking to lease out their purchased units.  Century Spire’s single unit office spaces ranges from 50 to 90 square meters and are priced from P185,000 to P205,000 per square meter. Business ( Article MRec ), pagematch: 1, sectionmatch: 1 Current rental rates for prime office in Makati, meanwhile, ranges from about P900 to P1,300 per square meter per month, Read More …

Today, Ultra Mega Wholesale and Retail Mart, one of the leading retail and wholesale chains in the Philippines, is jumpstarting 2015 with the launch of the company’s first franchise venture with Mr. Romeo Jalosjos’ Group of Companies. The first Ultra Mega Franchise, which will be located in Dapitan City, Zamboanga del Norte, is pioneering the industry with its new and excitingly innovative business model that provides an inclusive and insightful operational and support structure. It allows new players in the industry to have a trustworthy and reliable foothold that is designed to be both profitable and rewarding. For Franchise inquiries, contact Mr. Filbert See at 904-5882 or 0917-9894512. Romgardial Corporation and TAPE Inc. Chairman,  Mr. Romeo G. Jalosjos shake hands with Mr. Benito Lim, President of Ultra Mega Multi Sales during the contract signing ceremony at the Bellevue Hotel. From left to right, Jessica Mona, Romeo Jalosjos, Benito Lim and Julie Lim

DAVAO CITY — Even with the current airport coming in for a P40.57-billion upgrade this year under the national government’s public-private partnership program, Davao’s Regional Development Council (RDC) is planning for a second, bigger airport or a cluster of satellite airports.

MANILA, Philippines – Factory output likely expanded by 7.5 percent in December due to a strong demand from the domestic market and a rise in export performance, Moody’s Analytics said. “Industrial production in the Philippines grew strongly through the second half of 2014 and we expect this to continue in the December report,” Moody’s Analytics said in a research note. “Robust domestic demand improving export demand are driving a solid upturn in manufacturing,” the research firm said. Manufacturing output, as measured by the volume of production index, grew faster by 8.1 percent in November from 7.7 percent in October. Official December factory output data will be released on Tuesday. “Fourth quarter GDP figures have already been released, showing a 7.3-percent year-on-year expansion in manufacturing,” Moody’s Analytics said. Business ( Article MRec ), pagematch: 1, sectionmatch: 1 “We expect a similar return in the final industrial production print for the year,” Moody’s continued. The November performance was driven by the increases in the production of printing products, fabricated metal products, beverages, paper and paper products, non-metallic mineral products, and basic metals, data from the Philippine Statistics Authority showed. Meanwhile, the value of production index also went up by 7.5 percent in November from a year ago. The PSA said this was due to higher returns from printing products, fabricated metal products, beverages, paper and paper products, non-metallic mineral products, and leather products. The country’s manufacturing sector recorded double-digit growth in the second half of 2013, helping the domestic economy achieve a Read More …

MANILA, Philippines – More Japanese firms are showing strong interest in Philippine stocks, the operator of the country’s sole stock market reported. The Philippine Stock Exchange (PSE) said it saw more participation from Japanese firms during this year’s roadshow in Tokyo compared with that of 2014. “We understand that when we sent out the invitation to participants in December last year, the event became fully booked within three hours. We are delighted by the strong interest by Japanese investors in our market and we thank our partners for helping us promote more businesses and investments between Japan and the Philippines,” said PSE president and chief executive officer Hans B. Sicat. The Tokyo roadshow in the Land of the Rising Sun held last January 21 to 23 featured a Philippine Corporate Day which was co-organized with DBP-Daiwa Capital Markets Philippines Inc. and a Philippine Business Environment Seminar. This was in partnership with KPMG Japan, Mori Hamada and Matsumoto Law, and Takara Printing Co. Ltd. The roadshow was aimed at courting Japanese firms to list in the local bourse by serving as a venue to discuss the listing structure and rules of the PSE. The PSE said the roadshow this year registered a 37 percent increase in investor turnout and a 58 percent growth in the number of fund houses present compared to last year. Business ( Article MRec ), pagematch: 1, sectionmatch: 1 Furthermore, the PSE reported a 32 percent increase in meetings between the listed companies and major Japanese investors. Read More …