The real estate market in Cebu is poised for growth in the coming years as limited land supply in the city drives up property prices, said industry expert Ric Inting, Chairman & President of Land Asia Realty. Cebu, the second largest city in the Philippines, has only 7% flat land, with the remaining 93% being mountainous terrain. This geographic constraint has concentrated development in the city center, causing land and property prices to steadily rise. “If you try to look at Cebu, it’s only 7% of flat land. 93% are mountainous. Most of the investors are looking for flat land…
Author: Business News Asia
Business News Asia
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Globe Telecom, through its G-gantic Goals initiative, has expanded its efforts to promote digital literacy and responsible internet use by donating 20 tablets to Lahug Elementary School in Cebu City. The donation is part of the company’s Digital Thumbprint Program (DTP), which focuses on educating communities about the benefits and risks of digitization while fostering safe and responsible online behavior. The tablets were officially handed over to school principal Dr. Madelin Tinapay during a program held on Thursday. The event served as a platform to raise awareness among elementary students about critical issues related to internet use. Topics covered included…
The Philippine real estate market is grappling with a persistent mismatch between available properties and actual buyer needs, according to Anthony Leuterio, founder of property brokerage Filipino Homes. Leuterio said many developers have produced high-cost units in locations that do not align with the financial capacity or preferences of potential buyers, particularly in Metro Manila, leading to an oversupply of unsuitable inventory. “The market is huge in real estate, but what’s on offer often doesn’t match what people really want,” he said. A key factor driving the imbalance, Leuterio noted, is the industry’s reliance on skewed data and internal market…
The Philippine Charity Sweepstakes Office (PCSO) is releasing the official 6/49 Super Lotto Result at 9PM today, January 9, 2025. Check your tickets now. 6/49 Super Lotto is one of the most popular jackpot-bearing lottery games in the Philippines. It is drawn every Tuesday, Thursday, and Sunday. 6/49 Super Lotto Result Today, January 9, 2025 Jackpot can be won if you get the six winning numbers in any order. Please refresh this page after the 9PM draw for the latest result. Please double check with the official PCSO website for confirmation of result. How To Play 6/49 Super Lotto Mark…
Today is January 9, 2025, Thursday. Here is the official 6/42 Lotto Result by the Philippine Charity Sweepstakes Office (PCSO). This lottery game is among the most popular 6-digit games in the Philippines, offering players the opportunity to win at least P5,940,000 as the initial jackpot prize, which continues to grow based on nationwide sales until there is a winner. 6/42 Lotto Result today, January 9, 2025: To participate in the game, you can purchase a Lotto 6/42 ticket for a cost of 20.00. You can either select your own 6-number combination between 1 and 42 on each board or…
Here are the 2D (Ez2) Lotto Result Today, January 9, 2025, based on the official 2PM, 5PM, and 9PM Draws of the Philippine Charity Sweepstakes Office (PCSO). Check your tickets here! 2D Lotto is also known as Ez2 Lotto. It is one of the most popular digit games in the Philippines. The PCSO conducts live draws via social media for this game at 2PM, 5PM, and 9PM every day. 2D Lotto Result Today, January 9, 2025: Congratulations to all the winners. if you did not make it in today’s draws, don’t worry, there are still more draws to come. 2D…
3D Swertres Lotto Result Today January 9, 2025 – Here is the Swertres 3D Lotto Result for today based on the official 2PM, 5PM, and 9PM draws of the Philippine Charity Sweepstakes Office (PCSO). 3D also known as Swertres is one of the most popular digit games in the Philippines. The PCSO releases official 3D result / Swertres result at 2pm, 5pm and 9pm. Refresh this page after the scheduled draw time to see the latest results. 3D Swertres Lotto Results today, January 9, 2025: Congratulations to all the winners. if you did not make it in today’s draws, don’t…
Here is the 3D Swertres Lotto Result Today, January 4, 2025, based on the official draw of the Philippine Charity Sweepstakes Office (PCSO) for 2PM, 5PM, and 9PM. 3D also known as Swertres is one of the most popular digit games in the Philippines. The PCSO releases official 3D result / Swertres result at 2pm, 5pm and 9pm. Refresh this page after the scheduled draw time to see the latest results. 3D Swertres Lotto Results today, January 4, 2025: 2PM: 7-5-9 | 5PM: 9-1-1 | 9PM: 5-5-1 Congratulations to all the winners. if you did not make it in today’s…
RealEye Labs, a London-based startup launched in early 2023, is redefining how security agencies manage human assessment and vetting processes. Spearheaded by CEO Kevin Cohen, the company has introduced “Fortress,” a sophisticated data enrichment platform that applies advanced intelligence and security technologies. This groundbreaking tool is designed to identify and extract threats, weaknesses, fraudulent activities, distinctive profiles, and suspicious patterns with unmatched speed and accuracy. “At RealEye, our goal is to equip security organizations with the tools to make quicker, smarter decisions, ensuring a safer and more secure world,” said Kevin Cohen, CEO of RealEye Labs. Closing Critical Information Gaps…
Former Ilocos Sur Governor and senatorial candidate Luis “Chavit” Singson has vowed to modernize the Philippines’ transport system and support jeepney drivers by introducing affordable electric jeepneys (e-jeepneys). His flagship project, a state-of-the-art e-jeepney manufacturing plant in Batangas, is set to begin operations by 2025. Singson visited Cebu to meet with Cebu City barangay officials, Governor Gwendolyn Garcia, members of the local press, and other government officials. During his visit, he renewed his offer to provide e-jeepneys at significantly reduced prices to help marginalized drivers comply with the government’s Public Utility Vehicle Modernization Program (PUVMP). “I first offered my subsidy…
The Geeks on a Beach (GOAB), the country’s premier international tech startup conference, now in its seventh year, has emerged as a rallying point for entrepreneurs, government leaders, and investors. Its mission: to empower startups in the regions and promote innovation beyond Metro Manila. Since the past decade, GOAB has grown into a vital platform for driving growth in the Philippine startup ecosystem. “Our goal is to bring together an ecosystem where people not only network but also find genuine opportunities for funding, mentorship, and partnership,” said Tina Amper, GOAB founding organizer. For Department of Information and Communications Technology (DICT)…
The festive spirit arrived early at SM Seaside City as Heart Evangelista, president of the Senate Spouses Foundation Inc. (SSFI), spearheaded the annual “Christmas in November” gift-giving activity. Held at the SM Store Kids Section, the event brought joy to 45 children battling cancer from Kythe Foundation Inc., offering them an unforgettable day of unlimited shopping and heartwarming interactions. Evangelista, a renowned actress and philanthropist, guided the children through aisles of toys, clothes, and school supplies, helping them select items that brightened their day. She was joined by fellow senate spouses Kath Pimentel and Nancy de la Rosa, as well…
Bayanihan.com, a new online platform connecting Filipinos worldwide through events and business promotions, launched on Wednesday at the Thomas Edison Hotel in New York. Founded by Anthony Leuterio, the platform aims to provide a centralized hub for events, gatherings, and business opportunities tailored to the Filipino diaspora. The launch of Bayanihan.com marks a step forward in uniting Filipinos globally, offering a space where the community can engage with local events and support small businesses, Leuterio said at the event. “We aim to drive opportunities for growth, especially for small Filipino businesses, and foster a sense of community among Overseas Filipino…
Public and private stakeholders in Cebu said that the island needs more power capacity to sustain its economic upswing, with the province’s top government official highlighting the criticality of embedded power plants in addressing power interruptions. Cebu and the Central Visayan economy recorded the fastest growth rate in the Philippines at 7.3% in 2023, prompting Cebu Governor Gwendolyn F. Garcia to make the case that the province has to be “very serious” about generating more power capacity in-island. “If we did not have our own embedded power [right here in our island], we would have been at the mercy of…
Waterfront Hotels & Casino has unveiled a new line of signature dishes designed to create memorable dining experiences by merging traditional flavors with contemporary culinary techniques, the company announced on Wednesday. The new menu emphasizes creativity, quality ingredients, and culinary excellence. “Every dish invites guests to a taste of passion and flavor,” the company said in a statement. “Each meal creates connections and lasting memories—an experience that keeps guests returning for more.” Highlights include the Waterfront Pancake topped with whipped ricotta, pecans, and fresh berries, aiming to offer “a perfect start to the day.” The Eggs Benedict features brioche, poached…
CEBUANO realtor Anthony Leuterio, the founder of Filipino Homes, has been awarded the prestigious 2024 International Realtor of the Year by the National Association of Realtors (NAR), marking a milestone for Philippine real estate on the global stage. The award honors Leuterio’s commitment to raising ethical standards, promoting best practices and elevating the Realtor brand internationally. NAR is the largest trade association for real estate professionals in the United States, with more than 1.5 million members, including real estate agents, brokers, appraisers and other real estate professionals. Founded in 1908, NAR sets standards for ethical practices in real estate and…
There’s something truly magical about the holiday season, and this year, SM City Cebu is turning up the enchantment with a breathtaking spectacle that promises to dazzle every visitor who steps into its newly renovated North Wing Atrium. On November 10, the mall officially ignited the Christmas spirit with the illumination of a stunning 30-ft. Christmas tree that looks as if it leapt straight from the pages of a fairy tale. This year’s theme, Santa’s Enchanted Fables, brings an extra sprinkle of Christmas magic to life, ensuring that both the young and the young at heart experience a sense of…
Cebu-based uniform manufacturer Unisol has set its sights on an ambitious goal – going public by the year 2030, making it the first textile company in the Philippines to achieve an IPO if the listing plan pushes through. The company, founded in 2017 with a vision to become the go-to brand for uniforms, is now laying the groundwork to achieve this milestone. According to Unisol’s sales head Leah Baltazar, the path to an IPO hinges on three key factors: stabilizing the company’s consistent growth, ensuring financial stability, and further establishing the Unisol brand. “Without a dream, there’s no goal,” Baltazar…
The holiday season in Cebu was marked with grandeur as the Waterfront Cebu City Hotel and Casino hosted its highly anticipated Christmas Tree Lighting event, aptly named Santa’s Workshop. The evening was attended by a distinguished gathering of government officials, business leaders, tourism stakeholders, media personalities, social media influencers, hotel guests, and more, adding a touch of elegance and festivity to the night. In his opening remarks, General Manager Ali Banting invited attendees to embrace the enchantment of the season. “Tonight, I invite you to imagine a magical place far, far away—a place where wonders come to life and holiday…
Vietnamese financial technology (fintech) firm MFast is looking at raising US$15 million in its Series B financing round to accelerate its growth in the Philippine market. “MFast is confident that its innovative fintech solutions, launched in the Philippines in April 2024 have resonated and will continue to resonate with the Philippine audience. The twin Founders, Long and Vinh Phan are eager to introduce more of MFast’s industry-leading technologies to this new market,” said MFast Philippines general manager Carol Lao. MFast, is an agent banking aggregator platform that allows users in underserved communities to access financial services. Recently, the Asia Fintech…