Building the Future: Why Real Estate Giants Are Rallying Behind BCDA's New Legislation

COURTESY: Bases Conversion and Development Authority (BCDA)

Hey there, fellow dreamers and doers! If you've ever wondered what the buzz is all about in the world of real estate development, especially in the Philippines, then grab a cup of coffee and settle in. Today, we're diving deep into why some of the biggest names in the industry are all for the proposed amendments to Republic Act 7227. Spoiler alert: it's all about driving sustainable growth, attracting investments, and creating jobs!

When heavyweights like Filinvest Land Inc. (FLI), Ayala Corp., Megaworld Corp., and Hann Development Corp. (HDC) throw their weight behind something, you know it's a big deal. These real estate developers and locators in various economic zones of the Bases Conversion and Development Authority (BCDA) are rallying behind House Bill 8505 and Senate Bill 2647. Why, you ask? Because they believe these amendments will fuel economic growth and transform former military bases into thriving economic hubs.

Filinvest, for instance, sees the BCDA as a "key progress catalyst" in Central Luzon. With developments like the 288-hectare Filinvest New Clark City and the 201-hectare Filinvest Mimosa+ in their portfolio, they understand the importance of a steadfast partner in building townships and business hubs. They argue that an extended BCDA will inspire investor confidence and boost the nation's economy.

Ayala Corp.'s partnership with BCDA has already resulted in thriving developments like Bonifacio Global City in Taguig. They're not just building structures; they're building communities and creating jobs. Ayala's President and CEO, Cezar P. Consing, is all for extending BCDA's corporate term for another 50 years. This extension, they believe, is crucial for continuing to transform economic zones into bustling urban centers.

Furthermore, Ayala supports the conversion of some BCDA lands into alienable and disposable properties. This move could unlock immense potential for economic and social impact, turning former military bases into productive developments. Imagine the possibilities when you convert underutilized lands into vibrant, mixed-use spaces!

Megaworld has a track record of transforming BCDA partnerships into economic powerhouses like McKinley Hill, Uptown Bonifacio, and Newport City. Kevin Andrew L. Tan, CEO of Alliance Global Group Inc., Megaworld's parent company, sees the potential for even greater benefits with the proposed extension of BCDA's term. This extension isn't just about time; it's about creating dynamic townships that attract investors and foster local economies.

The transition from leasehold to freehold in some ecozones could be a game-changer. Imagine the allure of a freehold residential component in these areas—more dynamic, sustainable, and competitive as investment destinations. It's like turning a rental into a forever home, and that's a big deal for investors!

Hann Development Corp. is all about project continuity. As the developer behind Clark's first fully integrated development, Hann Casino Resort, and the luxurious Hann Reserve in New Clark City, they understand the importance of stability. Extending BCDA's term is vital for seeing long-term initiatives through to completion. It provides the confidence needed for partners to invest in big projects.

Dae Sik Han, Hann's Chairman and CEO, emphasizes that this stability is crucial for sustained economic growth. It's not just about today; it's about laying the groundwork for tomorrow. When partners like Hann Development feel confident, it means more jobs, more growth, and more opportunities for everyone.

In a nutshell, the proposed amendments to Republic Act 7227 are more than just legislative tweaks. They're a blueprint for the future. By supporting these changes, real estate developers are not just backing a bill; they're supporting a vision of sustainable growth, economic development, and job creation for Filipinos.

So, whether you're a budding entrepreneur, an investor looking for new opportunities, or just someone who cares about the future of urban development in the Philippines, keep an eye on BCDA and these proposed amendments. The future is bright, and it's being built today!

Soaring High: A New Era for Laguindingan International Airport with Aboitiz InfraCapital

COURTESY: Aboitiz InfraCapital, Inc. (AIC)

Aboitiz InfraCapital, Inc. (AIC), the infrastructure arm of the Aboitiz Group, is on a mission. With the signing of a concession agreement to upgrade, operate, and maintain the Laguindingan International Airport in Misamis Oriental, AIC is setting the stage for a new era in Philippine aviation. This strategic move isn't just about bricks and mortar; it's about transforming the airport into a gateway that will drive economic growth and boost connectivity and tourism in Northern Mindanao.

Cosette V. Canilao, AIC President and CEO, encapsulates this vision perfectly. She highlights how the airport is pivotal in elevating the country's aviation infrastructure. A seamless and efficient passenger experience isn't just a luxury; it's a necessity. It fuels economic growth and broadens the business base for Laguindingan and the surrounding areas. With AIC at the helm, Laguindingan International Airport is set to reach new heights, playing a crucial role in the region's development.

On October 28, 2024, a P12.75 billion concession agreement was signed in the Malacañan Palace. This marked the beginning of a 30-year journey to transform Laguindingan International Airport. AIC, alongside the Department of Transportation and the Civil Aviation Authority of the Philippines, is committed to renovating and expanding the passenger terminal, installing state-of-the-art equipment, and enhancing both airside and landside facilities. The goal is simple yet profound: to significantly enhance the passenger experience, boost operational efficiency, and elevate safety and security standards.

But the vision doesn't stop there. Rafael M. Aboitiz, AIC Vice President and Head of Airports Business, sees potential in international flights. Collaboration with airlines and tourism stakeholders is key to realizing this dream. By working closely with local and international stakeholders, AIC aims to create a collaborative and conducive environment for investors. The expansion plans are ambitious, aiming to increase the airport's design capacity from 1.6 million passengers per annum (mppa) to 3.9 mppa in the first phase and up to 6.3 mppa in the second phase, depending on traffic demand.

AIC's vision for Laguindingan International Airport aligns with its broader mission to develop transformative infrastructure ecosystems. This is more than just an airport project; it's about leveraging the Aboitiz Group's expertise in infrastructure and technology to drive sustainable growth. Sabin M. Aboitiz, Aboitiz Group President & CEO, emphasizes the importance of a government that focuses on what truly matters. The private sector, he believes, has a vital role to play in achieving operational and financial excellence.

Laguindingan International Airport holds a special place in Mindanao, being the sixth-busiest airport in the country and the second-busiest gateway in the region after Davao City's Francisco Bangoy International Airport. For AIC, this project marks a significant milestone in its strategic expansion in the aviation sector. It adds to their growing portfolio of airports and underscores their commitment to enhancing connectivity across the Philippines.

President Ferdinand R. Marcos, Jr. captured the essence of the project during the signing ceremony. Airports offer travelers a first glimpse of what awaits them at their destination, and Laguindingan International Airport will be no exception. With AIC's track record, including the award-winning Mactan-Cebu International Airport (MCIA), Laguindingan is poised to set new benchmarks for airport operations in the Philippines.

MCIA's success is a testament to what can be achieved. From the Silent Airport plan, which mitigates noise pollution, to the operation of Bridge-Mounted Equipment that reduces carbon emissions, AIC is at the forefront of sustainable airport management. The recent partnership with Airports Council International Asia-Pacific & Middle East to develop a framework of environmentally sustainable initiatives further cements their commitment to achieving Net Zero emissions goals.

In conclusion, Aboitiz InfraCapital's venture at Laguindingan International Airport is a bold step towards a brighter future for Northern Mindanao. With a focus on modernization, collaboration, and sustainability, AIC is not just upgrading an airport; they're opening doors to new opportunities, fostering economic growth, and enhancing the travel experience for millions. The journey ahead is promising, and the sky's the limit.

A New Chapter for Healthcare: Metro Pacific Health’s Bold Move in Quezon City

COURTESY: Metro Pacific Health Corporation (MPH)

Every great accomplishment begins with a dream, and for Dr. Lani G. Ancheta, that dream was Diliman Doctors Hospital, Inc. (DDHI). In 2011, she envisioned a premier healthcare facility in the bustling heart of Quezon City. Fast forward to 2018, and DDHI opened its doors, quickly establishing itself as the 'hospital of choice' in Northern Quezon City. But it wasn't all smooth sailing. Dr. Ancheta and her co-founders faced a myriad of challenges—financial hurdles, legal complexities, and the unforeseen chaos brought by the COVID-19 pandemic. Yet, the team persevered, driven by an unwavering commitment to the health and well-being of their community.

Despite these challenges, DDHI has grown impressively, thanks to a dedicated team of over 500 medical practitioners serving the healthcare needs of nearby residential subdivisions. With a capacity of 165 beds and a strategic location on Commonwealth Avenue, the hospital continues to expand, tapping into a large catchment area for its services. But as Dr. Ancheta reflects on DDHI's journey, she acknowledges the need for a strong partner to realize the hospital's grand vision fully.

Enter Metro Pacific Health Corporation (MPH), the Philippines’ largest private hospital group. MPH recently announced its acquisition of a controlling stake in DDHI, marking a significant milestone in its ongoing mission to provide quality and affordable healthcare across the country. For MPH, this acquisition is not just a business transaction; it’s a commitment to transforming healthcare delivery in Quezon City.

Jose Noel C. de la Paz, MPH Director for Corporate Development, expressed his gratitude for the trust placed in MPH by Dr. Ancheta and her team. He emphasized the responsibility that comes with this trust, but also the confidence MPH has in its professional management team and the strategies developed over its 17-year history. With a network of 26 hospitals and a total in-patient capacity exceeding 4,300 beds, MPH is well-equipped to elevate DDHI to new heights.

Change is on the horizon for Diliman Doctors Hospital, and it promises to bring about significant improvements in clinical, operational, and financial efficiencies. With MPH's expertise and resources, DDHI is set to enhance patient experiences and health outcomes, ensuring that healthcare services are not only accessible but also of the highest quality.

MPH's track record speaks for itself. From Makati Medical Center to Davao Doctors Hospital, MPH has consistently demonstrated its capability to transform hospitals into leading healthcare institutions. For DDHI, this means access to best practices, innovative technologies, and a network of seasoned professionals, all working towards a common goal: better healthcare for all.

DDHI is MPH’s third investment transaction this year, underscoring the corporation's aggressive expansion strategy. With each new acquisition, MPH strengthens its position as a leader in the healthcare industry, not just in Metro Manila, but across the Philippines. From Southern Luzon to Mindanao, MPH is making its mark, ensuring that more Filipinos have access to the healthcare they deserve.

As MPH integrates DDHI into its growing portfolio, the future looks promising. The synergy between DDHI's local expertise and MPH's national influence creates a powerful combination poised to redefine healthcare standards. As this partnership unfolds, the true beneficiaries will be the patients and communities who will experience improved healthcare services.

In the words of Dr. Ancheta, the journey of Diliman Doctors Hospital from a dream to reality has been filled with challenges and triumphs. With Metro Pacific Health now part of its story, DDHI is set to reach new milestones, fulfilling its mission to serve the community with excellence and care. Together, DDHI and MPH are not just building a hospital; they are nurturing a vision for a healthier Philippines.

A New Wave of Luxury: RHR's Eco-Friendly Retreat in Siargao

COURTESY: Robinsons Hotels and Resorts (RHR)

Picture this: Siargao's pristine beaches, the soothing sounds of the ocean, and a luxurious villa resort that embodies eco-friendly elegance. This isn’t just a daydream; it's the future of Siargao's hospitality scene, thanks to Robinsons Hotels and Resorts (RHR) and their bold new partnership with Hira Holdings, Inc. (HHI). RHR, the leading hospitality group in the Philippines, has signed a 10-year management agreement with HHI to bring an unparalleled luxury villa resort to Barangay Malinao, General Luna, set to open its doors in 2026.

This exciting collaboration marks Hira Holdings' first foray into the hotel industry. Initially known as the first franchisee of Jollibee, Hira Holdings has since diversified into premium property development. According to Haresh Hiranand, the president of HHI, the expertise and reputation of RHR made it an easy decision to embark on this hospitality journey. The blend of RHR’s global hospitality standards and the distinctive Filipino brand of service promises to elevate Siargao’s tourism scene.

Sustainability is more than just a buzzword; it’s a commitment that RHR is bringing to their latest venture in Siargao. Imagine 18 stunning villas, each designed with eco-friendly principles in mind, seamlessly blending luxury with nature. The immersive pool experience and contemporary all-day dining options will offer guests a taste of paradise while staying true to sustainable practices.

Barun Jolly, Senior Vice President and Business Unit Head of Robinsons Hotels and Resorts, underscores the importance of this project. “This partnership signifies a step forward in our mission to continuously expand our presence geographically while maintaining our commitment to exceptional service and sustainable practices." The eco-friendly focus aligns perfectly with the growing trend of responsible tourism, making Siargao not only a hotspot for surfers but also for environmentally-conscious travelers.

Siargao is experiencing a tourism renaissance. With 529,822 visitors in 2023 compared to just 125,008 the previous year, the island is riding a wave of popularity. Known for its world-class surfing scene, Siargao is quickly becoming a premier tourist destination. The timing couldn’t be better for RHR’s luxury venture, poised to enhance the island's allure with its upscale offerings.

The new villa resort in Siargao is more than just a place to stay; it’s an experience that captures the essence of the island. Guests can expect a fusion of modern comforts and authentic local charm, making their stay memorable. The project aims to attract both domestic and international travelers, further boosting Siargao’s status on the global tourism map.

The collaboration between RHR and HHI is just the beginning of a promising journey in the hospitality sector. RHR's diverse portfolio already includes 30 hotels under five local brands, including Go Hotels, Summit Hotels and Resorts, and Grand Summit Hotels. This latest endeavor aligns with their strategy to expand through franchising and management agreements, providing a template for future projects.

Barun Jolly expresses optimism about the future: “We are confident in the bullish economic projection of the country and with our expertise in hotel brand development we would like to enable optimistic investors who want to venture into the hospitality industry as well.” This venture is not just about building a luxury resort; it’s about creating opportunities and setting new standards in the industry.

For those interested in experiencing this new wave of luxury or considering partnerships with Robinsons Hotels and Resorts, more information is available at robinsonshotels.com. As Siargao prepares to welcome this new eco-friendly retreat, the island’s future looks brighter than ever, promising unforgettable experiences for travelers seeking both adventure and relaxation.

ST Telemedia Global Data Centers Philippines: Revolutionizing the Digital Landscape

Hey there tech enthusiasts and digital nomads! Let’s dive into the buzzing world of data centers, where bits and bytes rule the universe and SAN ANTONIO has a starring role. Recently, Frost & Sullivan gave a big shoutout to ST Telemedia Global Data Centers (STT GDC) Philippines with the 2024 Competitive Strategy Leadership Award. This is no small feat, folks. It’s like winning the Oscars of the data center world!

Why, you ask? Well, STT GDC Philippines is flexing its muscles with a whopping seven data centers, and they’re not stopping there. With two more projects cooking up in Metro Manila, Calabarzon, and Davao, they’re on a mission to conquer the digital realm. These data centers boast an IT capacity of over 150 megawatts (MW) – now that’s what I call power-packed! They’re all about providing end-to-end solutions to help businesses keep up with the ever-changing digital scene.

Their secret sauce? Best-in-class, mission-critical solutions that offer reliability to Philippine enterprises and hyperscalers alike. It’s this reliability that cements their strategic position in the country’s budding data center services space.

Now, let’s talk about STT GDC Philippines’ bold expansion plans. They’ve ramped up the capacity of their existing data centers in Makati, Cavite, and Quezon City by a solid 5.2 MW. This is part of their growth strategy to deliver steadfast and resilient digital infrastructure. But wait, there’s more! They’re also breaking ground on two ambitious greenfield projects: the STT Fairview data centre campus and STT Cavite 2. These projects are set to supercharge their IT capacity.

The choice of locations isn’t random either. It’s all about strategic relevance. The new sites are handpicked for their ability to address different critical components of modern data center operations and business continuity. STT Fairview, for instance, is strategically located in Quezon City, offering urban benefits like advanced infrastructure and connectivity. This means lightning-fast data processing and minimal latency, which is crucial for staying ahead in the digital game.

Nishchal Khorana, Frost & Sullivan’s Vice President & Global Program Leader-ICT, praised STT GDC Philippines for its relentless drive to expand its footprint across the Philippines. Meanwhile, Carlo Malana, the President and CEO of STT GDC Philippines, couldn’t be prouder. He sees this award as not just recognition but as a catalyst for further transforming the Philippines into a premier digital hub in the Asia Pacific region.

For STT GDC Philippines, it’s about more than just accolades. They’re committed to building world-class data center infrastructure in the Philippines and pushing the boundaries of the digital landscape. It’s a testament to the extraordinary efforts of their entire team, and it’s a sure-fire motivation to keep pushing the envelope.

STT GDC Philippines isn’t just about expansion; they’re about creating a sustainable digital future. Their Fairview and Cavite centers offer a comprehensive solution by combining metropolitan benefits like accessibility and infrastructure with regional dispersion advantages for disaster recovery and business continuity.

Their value proposition is clear: delivering projects on time, within budget, and with the desired results. They’re committed to industry best practices, maintaining several certifications, and ensuring operational excellence. Their strategic vision is not just about the present but about sustainable growth for years to come.

Sama Suwal, a Best Practices Research Analyst at Frost & Sullivan, highlighted that STT GDC Philippines is modernizing legacy facilities and commissioning new builds to meet the growing demand. Sustainability is a strategic imperative for them, and they’re continuously investing in emerging technologies to enhance customer value in the Philippines.

In essence, STT GDC Philippines is setting the stage for a brighter, more connected future. With their innovative approach and relentless drive, they’re not just leading the charge in the data center services industry – they’re redefining it. So, here’s to a future where the Philippines stands tall as a digital gateway, thanks to the pioneering efforts of STT GDC Philippines!

A Gateway to Growth: Why Korean Investors are Eyeing the Philippines with Aboitiz InfraCapital

COURTESY: Aboitiz InfraCapital (AIC)

Seoul, South Korea—In a bid to boost the Philippines' stature as a prime investment destination, Aboitiz InfraCapital (AIC) recently joined forces with the Philippine government to woo Korean investors. This collaboration unfolded at the Philippine-Korea Investment Forum, where over 80 business leaders from diverse manufacturing sectors gathered. The focus was clear: positioning the Philippines as a lucrative locale for Korean enterprises.

AIC, led by President and CEO Cossette Canilao and First Vice President Rafael Fernandez de Mesa, engaged in dynamic discussions with Korean investors. Their goal? To spotlight the opportunities within AIC’s Economic Estates in Batangas and Cebu. These areas are not just scenic spots but burgeoning hubs for industrial growth and innovation.

In the forum, the Philippine Embassy, along with key economic agencies like PEZA, DTI, and BOI, outlined the myriad advantages awaiting Korean investors. DTI Undersecretary Ceferino Rodolfo delved into the transformative CREATE Law, emphasizing the enticing incentives for foreign businesses. Meanwhile, BOI highlighted a wealth of investment opportunities, painting a picture of a vibrant economic landscape.

PEZA provided a roadmap for setting up operations, simplifying the process for potential investors. Aboitiz InfraCapital showcased its pioneering efforts in smart city development and sustainability initiatives, making a compelling case for its Economic Estates. The expansions in LIMA Estate and West Cebu Estate are set to generate an impressive 90,000 jobs, a testament to the Philippines’ economic dynamism.

Aboitiz InfraCapital has a legacy of promoting the Philippines as an investment hub. Their strategic partnerships with PEZA and DTI have fostered the growth of economic zones tailored to accommodate foreign investments. With a track record spanning three decades, AIC has consistently delivered innovative mixed-use estates that integrate commercial, residential, and institutional elements seamlessly.

AIC’s LIMA Estate has garnered accolades, including a 5-Star BERDE District Certification, underscoring their commitment to sustainability. These recognitions are not just feathers in AIC’s cap but a reflection of the Philippines' potential as a foreign investment haven. By marrying sustainability with economic growth, AIC is setting global standards for industrial estate development.

The Philippines is already home to 251 Korean companies, involved in industries ranging from communication equipment to apparel. These companies have collectively invested billions, generating substantial exports and creating thousands of jobs. This robust partnership speaks volumes about the mutual benefits of Korean investments in the Philippines.

PEZA's OIC, Aleem Siddiqui M. Guiapal, emphasized that the current administration is keen on fostering this relationship. By expanding economic zones beyond Metro Manila, the Philippines is offering a strategic advantage to foreign investors. The ease of doing business, coupled with fiscal incentives, makes the Philippines a standout destination in Southeast Asia.

AIC's President, Cossette Canilao, extended an open invitation to the Korean business community. She highlighted the supportive ecosystem crafted by the national government and urged Korean enterprises to explore the vibrant landscapes of AIC’s Economic Estates. With plans to introduce new product lines and smart city features, AIC is poised for even greater growth.

The Economic Estates are not just industrial zones; they are thriving communities where businesses can flourish. With light to medium manufacturing, industrial logistics, and shipbuilding at its core, AIC’s estates are shaping the future of industry in the Philippines. By continuing to innovate and expand, AIC is not just attracting investments but transforming lives and landscapes.

In closing, Canilao emphasized the mutual growth potential, inviting Korean investors to make the Philippines their second home. With such promising developments, the partnership between Korea and the Philippines is set to reach new heights, unlocking a world of opportunities for both nations.