Since it started its campaign to attract Cebuanos to earn extra cash by disposing of unused secondhand items online, OLX Philippines has been doubling its number of Cebu listers per month. In the past few months, the average number of Cebuanos listing their items on the buy and sell website monthly was at 20,000, said…
Category: Business
Eagles’ Nest offers convenient home in heart of Metro Cebu
With traffic worsening in Metro Cebu, it has become highly desirable to live close to the workplace and the children’s schools. Eagles’ Nest, a project of premier property developer Primary Homes, Inc., provides owners with the convenience of a home located in the heart of the metropolis.
SM Hypermarket Lapu-Lapu opens at MEZ II
SM Hypermarket opened a third branch in Cebu at the commercial complex of the Mactan Economic Zone (MEZ) II to cater to the diverse mix of people in Lapu-Lapu City. This will be Cebu’s first SM Hypermarket with a provision for 33 retail spaces that can accommodate dining facilities, clothing and other dry goods shops,…
GMR-Megawide signs financing agreement for Mactan airport project
GMR-Megawide signs loan agreement with the Asian Development Bank (ADB) and top Philippine banks ensuring solid funding for Mactan airport project.
Argao Royal Palms provides easy access to Southern Cebu attractions
Primary Homes Inc. makes it possible for you to easily enjoy southern Cebu’s charms with its resort-inspired community Argao Royal Palms and Tropical Flats. Built alongside Argao’s aquamarine seas in Barangay Suba, the development features two-storey houses, bungalows, townhouses, and condominium units.
Cebu Province creates investment, incentives center
Promote Cebu Province as an investment destination, attract investors, and spread the development from urban to rural areas are just among the goals of the newly-created Cebu Provincial Investment and Incentives Center. The center will actively collaborate with other government agencies and the private sector, business groups in particular, to create a favorable climate for…
Filinvest beefs up mall portfolio, to launch Il Corso at SRP this year
The Filinvest Group of the Gotianun family from Cebu will beef up its mall portfolio this year. Festival Supermalls Inc., the wholly owned subsidiary of Filinvest Land Inc., said it will bolster its presence nationwide with the launch of new malls in Cebu and Laguna and the expansion of its flagship mall, Festival Supermall in…
Leuterio Realty, Rent.ph sign partnership with Lamudi
Starting next week, property inventories of Leuterio Realty and Brokerage and Rent.ph will also be found on top Philippine real estate list site Lamudi. Anthony O. Leuterio, chief executive officer of Leuterio Realty and Brokerage, signed an agreement Tuesday, February 17, 2015, for cross branding promotion with Lamudi Philippines represented by Jacqueline van den Ende,…
Astana Subdivision in Lapu-Lapu City offers ‘quality economic houses’
Even with the big players getting into the mix, Johndorf Ventures Corp. believes its newest residential project Astana Subdivision shows the company continues to have an edge in the economic housing segment. The Johndorf Communities in Barangays Babag II and Kalawisan in Lapu-Lapu City covers about 20 hectares and will comprise four residential developments when…
With Filinvest condotel investment, ‘money works for you,’ Grand Cenia owners say
FIRST-time property investor Alfredo Uy has proven that his money can work for him instead of him working for the money. He invested in the condotel project of Filinvest Land Inc. in Cebu, the Grand Cenia. Combined through an asset pool, the Grand Cenia condotels are used as rooms of affiliate Quest Hotel and Conference…
Pueblo de Oro builds 30-hectare community in Lapu-Lapu City
Whether you’re getting a starter house or a more permanent home, the Pueblo de Oro Cebu Communities in Lapu-Lapu City provides a wide range of products that caters to the different needs of Cebuano families. Pueblo de Oro Cebu is building a 30-hectare masterplanned residential community in Barangay Babag II that is divided into three…
Filinvest sets aggressive expansion in 2015
FILINVEST Land Inc., the real estate arm of the Gotianun family from Cebu, is preparing a more aggressive expansion of its residential offerings this year as it seeks to further cement its mark in the affordable and middle-income housing market segments. With an estimated land bank of over 2,400 hectares, FLI president and chief executive…
GMR-Megawide faces challenges in Mactan airport expansion
Delays in the relocation of Philippine Air Force (PAF) structures within the proposed site of the Mactan-Cebu International Airport (MCIA) new terminal could put off the project’s completion by 10 months, an executive of GMR-Megawide said recently. There are currently 17 Air Force structures scattered throughout the 110.9 acres (44.9 hectares) that span the total…
Tsuneishi launches its 1st ‘eco-ship’ in Balamban
Tsuneishi Heavy Industries (Cebu), Inc. (THI) launched in December a premium class vessel that features higher fuel efficiency and a design that reduces wind resistance. THI said in a press statement that the SC-220 is its first “eco-ship.” It is a 58,000 deadweight tonnage (DWT) bulk carrier that features the higher fuel efficiency design of…
Cebu keeps 8th rank in 2015 Tholons outsourcing list
Cebu remains a competitive player in the business process outsourcing (BPO) or business process management (BPM) space as it keeps its eighth rank for the third straight year in the 2015 Tholons International Top 100 Outsourcing Destinations Report. (Download PDF of full report here) Tholons also put Cebu in eighth place in 2013 and 2014.…
Cebu Yellow Submarine now operates from Hadsan
Although it had highly controversial beginnings, the Cebu Yellow Submarine continues to operate in Lapu-Lapu City and is one of Mactan Island attractions. Instead of the JPark Island Resort and Waterpark (formerly Imperial Palace Waterpark Resort and Spa), the underwater vessel operated by the Cebu Yellow Submarine and Undersea Tour Corp. now docks at the…
SuperCat Cebu transfers to Terminal 1 in Pier 1
2GO Travel inaugurated on Thursday a ticketing office within Pier 1 in Cebu City for SuperCat fast crafts plying the Cebu route. The move makes it easier for passengers to book trips on SuperCat vessels travelling from Cebu to destinations like Manila, Tagbilaran in Bohol, Ormoc, Cagayan de Oro, Butuan, Romblon, and Masbate, a company…
Pancake House brings high-end resto Maple to Cebu
With the number of Cebuanos who dine out growing fast, the Max’s Group, Inc. believes the Cebu market is ready for its upscale American restaurant Maple. Maple serves American comfort food and its dishes are inspired by South American flavors which carry a lot of spices, said Bernadette Lee, chief operating officer of the Pancake…
Rustan’s Supermarket opens in new Ayala Cebu location
Rustan’s Supermarket opens today, August 9, at its new Ayala Center Cebu location with 2,800 square meters of space and special grocery offerings. The new Rustan’s store, which is at Basement 1 of Ayala’s expansion wing, displays its items by categories: poultry, meat, seafood, dairy, grains, pasta and the like. “Rustan’s Supermarket is really a…
Imperial Palace rebrands to JPark Island Resort Cebu
By June 1, Imperial Palace Waterpark Resort and Spa will start being known as JPark Island Resort Cebu (JPI). The move is intended to create a common brand for existing and upcoming products and services of Philippine BXT Corp., resort owner and operator, and in recognition of its Korean and Filipino owners, said Reno Bacolod,…