Megaworld: Building a Global Brand

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.

 

 

Latest News

PH GDP grows 6.9% in Q1 2016

Image taken from Rappler

Exceeding market expectations, the Philippine economy grew by 6.9% in the first quarter of 2016, the Philippine Statistics Authority (PSA) announced on Thursday, May 19.

The latest GDP numbers – the highest since the second quarter of 2013 – makes the Philippines the fastest growing economy in the region, ahead of regional giant China, National Economic and Development Authority (NEDA) chief Emmanuel Esguerra said in a news briefing.

The first quarter gross domestic product (GDP) growth – an improvement on the 5.0% registered in the same period last year, and the now revised 6.5% growth in the fourth quarter of 2015 – beat market expectations of 6.6% growth.

 

 

 


Megaworld’s Q1 income grows 12.13% to P2.63B

Eastwood City

Property giant Megaworld, the Philippines’ leading developer of integrated urban townships and the biggest lessor of office spaces, grew its net income by 12.13% to P2.63-billion in the first quarter of 2016, from P2.35-billion during the same period last year.

Megaworld’s rental business boosted the company’s first quarter growth, with revenues soaring to an all-time high of P2.29-billion, 15.18% higher than P1.97-billion in the same period last year. “We have sustained our expansion plans for our office and mall businesses, which bolstered our rental revenues. In the next five years, we see our rental businesses become the key driver of our growth as we expect a continuing momentum in consumer spending and a remarkable growth in BPO revenues,” says Francis Canuto, treasurer, Megaworld.

The company earlier announced that rental revenues will hit the P11-billion mark by the end of the year.

 

 

 


Megaworld’s Citylink buses go cashless next month

beep card

Commuters of Citylink buses who travel in various Megaworld-integrated urban townships can now use beep cards starting the end of May.

The beep card will be fully integrated to the unified automated fare-collection system on Metro Rail Transit and Light Rail Transit Lines 1 and 2.

The Citylink Coach Services Inc., under Megaworld’s Estate Management, recently signed a partnership with AF Payments Inc. to join the cashless system in public transportation for speed, safety and convenience.

 

 


GERI income rose 39% to Php667 million last year

Alabang West

Alabang West in Daang Hari Road, Las Piñas City

Global Estate Resorts Inc. (GERI) posted a net income of P667 million, a 39-percent increase from the P479 million registered in 2014.

Excluding the nonrecurring gain of P181 million for 2015, the unit of Megaworld Corp.’s revenues in 2015 amounted to P5.21 billion, a 75-percent increase from P2.98 billion the previous year.

The company’s growth was spurred by its residential business, which contributes around 80 percent of consolidated revenues.

 

 


PH among fastest-growing economies in Asean in 3 years - World Bank

Google images

The Philippines will remain one of the fastest-growing countries in East Asia and the Pacific despite a “modest” easing in economic expansion in the region in the next three years, a new World Bank report showed.

“Among the large developing Southeast Asian economies, the Philippines and Vietnam have the strongest growth prospects, both expected to grow by more than 6 percent in 2016,” the World Bank said in a statement, based on its latest East Asia and Pacific Economic Update released Monday.

The Washington-based lender expects the Philippine economy to expand by 6.4 percent this year and 6.2 percent in 2017 and 2018.