Here’s some select articles about Philippine Real Estate and our Economy from various newspaper correspondents that matters for your reference. Take note that these articles when assessed actually guides us locally what direction the economy and market we are heading. News directly affects investors / businessmen on their assessment of what business decision to make, this could be from the stock market ( which is a good barometer ) to daily activities ( hiring of workers, construction supply chain, and other economic variables.
here’s an article from bworld.com thru bloomberg :
Airports to Toll roads top picks amid boom in Infrastructure
MANILA’S Metro Pacific Investments Corp., Indonesia’s PT Krakatau Steel and Airports of Thailand Pcl. are among the top investor picks as Southeast Asian governments embark on programs to boost roads, rail, ports and power plants.
PHL property market seen to attract more investors from China, Russia
THE PHILIPPINES’ move to forge alliances with more countries supports the expansion of the property market, particularly the residential and industrial segments, according to a property consultancy.
Metro Pacific continues expansion into Logistics
INFRASTRUCTURE conglomerate Metro Pacific Investments Corp. (MPIC) is further expanding its logistics business with another acquisition as it anticipates strong demand and growth in the industry.
MPIC, through its subsidiary PremierLogistics, Inc., is acquiring another logistics firm Ace Logistics, Inc. for P280 million, it told the Philippine Stock Exchange on Tuesday.
“The assets and business that will be acquired in the transaction will be utilized to further expand MPIC’s logistics business, which continues to offer attractive returns in view of the strong demand in the sector,” MPIC said.
Ace is engaged in the business of logistics, including warehousing, courier express and parcel delivery, e-commerce delivery, trucking, freight forwarding, customs brokerage and domestic shipping. It is also involved in pre-delivery inspection in the automotive industry, which Premier intends to expand, MPIC said.
The transaction will be carried out through an asset purchase agreement.
MPIC said the closing of the transaction will be subject to the satisfaction of certain conditions, which the companies aim to complete within February. Among the conditions include Ace selling certain logistics assets, securing new contracts with its existing clients, and transferring certain key Ace officers and employees to Premier.
“An initial payment shall be delivered to Ace on the closing of the transaction. The controlling shareholder of Ace will likewise acquire a 10% interest in Premier after the closing of the transaction,” the listed conglomerate added.
In May 2016, MPIC announced its foray into the logistics business with an initial P2-billion investment in a logistics company. The company said it is acquiring the assets of Basic Logistics Corp. and transferring them to a newly formed company called Metro Pacific Movers, Inc., which will provide services related to logistics, shipping, freight forwarding and e-commerce.
“There is strong demand for logistics services and the sector, which is broadly unregulated, offers the prospect of attractive returns,” MPIC said in a earlier statement.
Shares in MPIC closed at P6.90 apiece on Tuesday, 2.13% lower.
MPIC is one of three Philippine subsidiaries of Hong Kong-based First Pacific Co. Ltd., the others being PLDT, Inc. and Philex Mining Corp. Hastings Holdings, Inc. — a unit of PLDT Beneficial Trust Fund subsidiary MediaQuest Holdings, Inc. — maintains interest in BusinessWorld through the Philippine Star Group, which it controls.
here’s an article from Manila Standard’s correspondent, Gabrielle H. Binaday
PH seeks China aid for 40 Infra projects
The government is seeking China’s support for 40 infrastructure projects in the Philippines, including the $3-billion South Line of the North-South Railway from Manila to Legaspi City.
The Finance Department said it submitted a list of 40 “large and small” infrastructure projects for the approval of the government of China during the visit of the Duterte administration’s economic managers to Beijing.
The infrastructure projects were presented to China for possible loan financing and assistance in conducting feasibility studies, with further discussions on the details of the proposals to take place in Manila next month.
Finance Secretary Carlos Dominguez III said the meeting of the high-level Philippine team with officials of China’s Commerce Ministry was a “productive first step towards achieving the desire of Philippine President Rodrigo Duterte and Chinese President Xi Jinping in further reinforcing ties between the two countries.
Of the 40 projects, 15 are being proposed for loan financing while another 25 were submitted for feasibility study support.
Aside from Dominguez, the Philippine delegation included Secretaries Benjamin Diokno of the Budget Department, Arthur Tugade of the Transportation Department, Mark Villar of the Public Works Department and Ernesto Pernia of the National Economic and Development Authority.
“It was a very positive and very productive meeting,” Dominguez said in an interview in Beijing with members of the Chinese media.
“My expectation is that the projects that we have discussed would be implemented very quickly and that it would benefit both [the[ people [of China and the Philippines],” he said.
Three of the large-scale projects submitted for Chinese loan financing are meant to raise the productivity of small farmers, improve transportation and logistics services in underserved areas of Luzon and ensure a steady water supply to Metro Manila.
These three projects, with a combined total of $3.4 billion, are the Chico River Pump Irrigation Project in the provinces of Cagayan and Kalinga with an estimated total project cost of $53.6 million; the New Centennial Water Source-Kaliwa Dam Project in Quezon, $374.03 million; and the South Line of the North-South Railway running from Manila to Legaspi City in Bicol, $3.01 billion.
Dominguez said the other projects on the list were relatively small in scale and would be easier to implement, such as the construction of bridges across the Pasig River to ease traffic congestion in Metro Manila.
Dominguez said the assistance offered by China to the Philippines was among the concrete results of the president’s foreign policy rebalancing towards accelerated integration with the Association of Southeast Asian Nations and its major Asian trading partners.
He said that amid global uncertainty over a possible overhaul of US trade policies under the new presidency of Donald Trump, it was a “very smart” move by President Duterte to recalibrate the Philippines’ foreign policy early on and reorient the economy toward greater integration with its Asian neighbors.
Dominguez said the 40 projects discussed during the meeting aimed to help realize the President’s primary goal of reducing poverty.
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Robert G. Sarmiento Properties
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