Megaworld Corporation has created a big name for itself over the years, exemplifying excellence in the Philippine real estate industry. Today, as it continues to expand its brand, the company believes that there are no boundaries when it comes to reaching and engaging customers.
Megaworld, with its years of experience in feeling the pulse of its niche market, has developed a keen understanding of the kind of real estate products and services that click with its customers. As a developer, the company has gone from strength to strength, building stand-alone projects, townships, central business districts, and now, integrated tourism communities.
As a marketer, it is taking the Megaworld brand to new heights in the international scene. Through Megaworld International, its overseas marketing arm, Megaworld is reaching out to more Filipinos based abroad. The marketing group's message: As the Philippines' No.1 provider of mid-income residential condominiums and business process outsourcing office spaces, and as the pioneer of a live-work-play-learn lifestyle, Megaworld is creating the best value for real estate customers and investors.
Philippines ends 2016 with a solid 6.8% GDP growth
The Philippines closed 2016 with a strong 6.8% economic growth. It remains one of Asia's fastest-growing economies, ahead of China's 6.7% and fellow high-riser Vietnam's 6.2%. India has not released its full-year data yet.
Mainstay household consumption, fueled by low interest rates, still benign inflation, remittance flows, and higher incomes continued to be the main drivers of the Philippines' growth.
Weather disruptions remained a roadblock, however, as the dismal performance of the agriculture sector pulled down the 4th quarter growth by 0.1 percentage point. Typhoon Karen (Sarika) and Super Typhoon Lawin (Haima) slowed down the pace of growth to 6.6% in October to December from the previous quarter's 7%.
Megaworld to open four hotels this year
Property giant Megaworld is set to open four new hotels under its portfolio within the year, in a bid to further boost tourism in its various developments across the country.
The company is set to open the Marriott Courtyard Hotel in Iloilo Business Park and the Savoy Hotel Boracay in Boracay Newcoast by first half of this year, and Savoy Newport Hotel in Newport City and Hotel Lucky Chinatown in Binondo, Manila, by the second half of the year.
The 15-storey Marriott Courtyard Hotel in the 72-hectare Iloilo Business Park township in Mandurriao, Iloilo City, will offer 326 rooms and it will be the first Marriott brand to open in Western Visayas. It is strategically located beside the iconic Iloilo Convention Center. Last year, Megaworld announced that it is adding the Savoy Hotel brand, alongside Belmont and Richmonde Hotels, as its homegrown hotel brands.
BOI positions PH as retirement haven, works closely with industry to finalize roadmap
The Board of Investments and retirement industry stakeholders envision the Philippines as a viable retirement destination for foreign and Filipino retirees. DTI Undersecretary and BOI Managing Head Ceferino Rodolfo described the Philippines as an “emerging” retirement destination. “With our compassionate and competent pool of healthcare professionals and world class wellness facilities, the Philippines is fast becoming an attractive country for foreign and Filipino retirees from around the world,” he said.
The Board of Investments said that the Retirement Industry Roadmap will be finalized within the first half of 2016. The roadmap was crafted by stakeholders in the retirement industry in collaboration with BOI and other government agencies.
The Retirement Industry Roadmap outlines the course of action needed for the industry to be globally-competitive. The Philippine Retirement Authority (PRA), current chair of the Technical Working Group (TWG) for the Retirement Sector’s Roadmapping Activity, is currently reviewing the draft roadmap.
Emperador now world's top brandy company
Grupo Emperador Spain S.A. has completed the purchase of Bodegas Fundador from Beam Suntory on Tuesday.
In a special ceremony in Jerez, known to be Spain’s brandy capital, Emperador was welcomed by the employees of Fundador and Spain’s local officials. The formal turnover was attended by Emperador Chairman Dr. Andrew L. Tan, Jerez Mayor Carmen Sanchez, Philippine Ambassador to Spain Carlos Salinas and other city officials of Jerez.
Grupo Emperador Spain S.A. Managing Director Jorge Domeq said the turnover of one of Spain’s most iconic, largest and oldest brandy production facilities to Emperador is a major milestone for the company.
Megaworld is most awarded property developer in 51st Anvil Awards
Megaworld emerged to be the most awarded real estate company at the 51st Anvil Awards held at the Makati Shangri-La Hotel recently.
The company won a total of six coveted awards from the Public Relations Society of the Philippines (PRSP): one (1) Gold Anvil for Megaworld Lifestyle Malls' Food Artistry at Eastwood City; and five (5) Silver Anvils for the Iloilo Bike Festival in Iloilo Business Park: On the Road to Sustainable Progress PR campaign; Cause for a New Coast: Megaworld Leads LaBoracay 2015 Coastal Cleanup Drive PR campaign; Real Madrid for Pinoy Football: Sports Clinics for Filipinos PR campaign; Bright Lights, Bright Beginnings: Lucky Chinatown Leads Binondo's Chinese New Year Celebration; and the Scholarship Program of Megaworld Foundation.
2016 remittances seen at $25 billion
The Bangko Sentral ng Pilipinas (BSP) said remittances will not contract or significantly slow down despite the problems faced by Middle Eastern countries due mainly to the lingering oil-price slump.
Diwa C. Guinigundo, BSP deputy governor for the Monetary Stability Sector, said cash being sent home by Filipino migrant workers is set to hit “at least a flat growth” for 2016, despite concerns over layoffs in the Middle East.
Still, he said, the BSP will closely monitor the impact of the oil slump on remittances.
“Yes, we have read reports, but we have not had the opportunity to verify those reports. What we know today is that we receive job orders, around 770,000 job orders in 2015. Only about 44 percent were processed by the Philippine Overseas Employment Administration [POEA],” Guinigundo said.
Philippine economy grew by 5.8% for 2015
It’s official. The Philippine economy grew by 5.8% for 2015, slower than 6.1% a year before, the Philippine Statistical Authority (PSA) said in a press briefing.
The Philippines' gross domestic product (GDP) grew by 6.3% in the last quarter of 2015, up from 6.0% in the 3rd quarter, the government announced Thursday, January 28.
The growth for the last quarter was the highest for the entire year.
Megaworld’s rental income to reach P11-B this year
Property giant Megaworld is expected to hit P11-billion in rental income this year as the company expects to complete more office towers, malls and commercial centers with a total gross floor area of more than 650,000 square meters by the end of the year.
With this, the company, known to be the country’s largest developer and landlord of office spaces, will see its recurring income grow to more than 20% by end-2016.
“We are on-track in strengthening our office and mall portfolio as we continue to experience robust demand for spaces, both office and retail, in our townships. Both our offices and retail spaces enjoy a very high occupancy rate of around 99% across our developments,” says Jericho P. Go, senior vice president, Megaworld.