Centrio Mall Opens in Cagayan De Oro

All roads will lead to Cagayan de Oro City today as Centrio Mall formally opens its doors to the public.

Centrio Mall is a project of Cagayan de Oro Gateway Corporation, a joint venture company between Ayala Land Inc. and the Anflo Group of Companies.

Construction Projects to Hit P1.18T by 2013

Construction projects in the country are seen to rise more than three times next year from this year amid improving investment and economic climate, consultancy firm BCI Asia said. 

In its Philippines Construction Market Outlook 2013 released yesterday, it said the value of total construction starts is seen to surge by 264 percent to P1.18 trillion next year from this year’s P324.63 billion. BCI country director Dean Borg said during the presentation of the report the general outlook for the country’s construction industry next year is positive given improving investment climate as well as strong economic growth. “The Philippines is in a very bright situation economically,” he said. Much of the growth next year, the BCI said, would be driven by the civil construction industry.

Source: Philippine Star

Alphaland to Build Marina Club in Manila Bay Area

The property development firm of businessman Roberto Ongpin will build a marina club on the edge of Manila Bay, riding the real estate and leisure/tourism boom in the area being generated by the Entertainment City casino complex. 

In a briefing, officials of Alphaland Inc. said the members-only Alphaland Marina Club would be opened in the second quarter of 2014 and encompass 10 hectares of marina area, surrounded by a breakwater. As many as 300 berths for boats of all sizes would be made available to members. The Alphaland Marina Club will be located along the western coast of Alphaland Bay City, located between the SM Mall of Asia and the Solaire casino and hotel complex of the Bloomberry group.

Source: Philippine Daily Inquirer

Filinvest Rebrands Flagship Project - Filinvest City

Real Estate Developer Filinvest Land, Inc., through 20%-owned subsidiary Filinvest Alabang, Inc., is rebranding its flagship development Filinvest City -- formerly known as Filinvest Corporate City -- in Alabang, Muntinlupa City to reflect a shift into a mixed-use development from a former solely business-oriented district.

Healthcare BPOs Sees Sharp Growth

The segment of the local business process outsourcing industry that serves the healthcare sector is expected to grow sharply over the next four years on the back of strong demand from developed countries. 

As such, the head of the Healthcare Information Management Outsourcing Association of the Philippines (HIMOAP) predicted that Philippine companies in this sector would report a threefold hike in combined revenues during the period. At present, there are about 25,000 Filipinos working in the healthcare outsourcing sector, generating revenue of almost $300 million in 2011. With a highly skilled, English-speaking workforce, good telecommunications infrastructure and a reasonable cost of doing business, the country’s healthcare outsourcing sector is expected to generate $433 million in revenue and employ 43,000 by the end of 2012.

Source: Philippine Daily Inquirer