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.
Megaworld’s Q1 income grows 12.13% to P2.63B
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
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 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
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.
Megaworld wins Best Developer Award
Photo taken from official Facebook account of Megaworld
Megaworld bags the BEST DEVELOPER AWARD in the 2016 Philippines Property Awards held yesterday, April 7 at Fairmont, Makati. The company also wins three major awards for Uptown Ritz (Best Residential Architectural Design); 8 Newtown Boulevard (Best Condo Development for Cebu); The Vineyard Residences (Best Condo Development for Resort); and 13 other 'Highly Commended' Awards for various developments including Uptown Mall, Venice Grand Canal, Uptown Parksuites, Salcedo Skysuites, Suntrust's Shanata Residences and One Lakeshore Drive; and Uptown Tower 3.
Megaworld core income grew 10% to P10.4 billion in 2015
Megaworld Corp. said that its income sunk last year in the absence of its huge onetime gains that it had during the previous year, when it unloaded stakes in its sister firms.
However, the firm’s core income, which strips out the nonrecurring gains, grew by 10 percent to P10.4 billion, from the previous year’s P9.4 billion. This is the first time the company’s core income breached the P10-billion mark.
The nonrecurring income in 2014 came from property acquisitions and the sale of Megaworld’s stake in Travellers International Hotel Group Inc. to its parent Alliance Global Group Inc. in 2014.