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YOLO on any budget: Millennials keep spending on experience
MANILA - Filipino millennials, regardless of their income, spend more on experience rather than on products, helping drive spending in entertainment, lifestyle and fitness, a consumer analyst said. Millennials are also spending and investing less, relying on parental support for some of their needs, so they can spend their money freely, said WGSN Insight Asia Pacific senior editor Erica Ng. Rich millennials spend on luxury travel while. Middle class millennials take longer to save for plane tickets while the poor are limited to land travel, Ng said. The rich also burn cash in spas and yoga retreats, she said.
Airasia launches its inaugural flights to Caticlan
BORACAY — Despite some light rainfall and overcast skies, budget carrier AirAsia successfully launched its inaugural flights to Caticlan, with two Airbus A320s landing at Godofredo P. Ramos Airport on Wednesday.
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The outlook of the Philippine real estate industry in 2019
Forecasts on the office sector remain positive for 2019. On the supply side, a large volume of office space is anticipated to be added this year while on the demand side, office occupancy from BPO, online gaming, and flexible workspace firms show optimistic outlook with pre-commitments on office buildings in the pipeline. Rents are foreseen to have an upward trajectory due to healthy leasing demand and continued investor interest will prop up capital values of office developments. The residential sector is predicted to thrive in 2019 due to the strong demand for upper-mid to luxury segments with developments’ pre-sold units ranging from 80% to 100%. The residential leasing market in Makati and BGC is also expected to benefit from%
Mideast firms pledge $2B
Ramon Lopez, secretary of the Department of Trade and Industry, said the Philippines will also tap another billion dollars in sovereign fund from Qatar to finance development projects such as agriculture and infrastructure in Mindanao.
Firms line up for Sta Mesa-MOA toll project
MANILA, Philippines - Other conglomerates have expressed interest in joining the team of Ayala Corp. and SM Investments Corp. in building a P25 billion elevated tollroad from Sta. Mesa in Manila.