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Retail space gets boost from easing inflation
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Construction of Clark Global City starts November 26, 2019 | 12:03 am FacebookTwitterLinkedInFont Size A A A CONSTRUCTION of the 177-hectare mixed-use development Clark Global City (CGC) in Pampanga has started, with a groundbreaking ceremony held by Udenna Land’s Global Gateway Development Corp. (GGDC), on Nov. 19. Megawide Construction Corp. was tapped as the general contractor for CGC’s site development, including road and sewage works. “Bold and audacious projects such as CGC can only be done by partnering with people who not only share the same vision but are also equipped with topnotch execution skills. We are honored to work shoulder to shoulder with Megawide to transform 177 hectares of land into a thriving business center and community,” Udenna Land and GGDC Chairman Dennis A. Uy was quoted as saying in a statement. Clark Global City, located within a special economic zone, will be home to office buildings, retail outlets, educational institutions, sports centers, an urban park, an integrated resort and casino, among others. Currently, 47 hectares of the 177-hectare property has been “fully completed with world-class, disaster-ready horizontal infrastructures, including storm water drainage systems, an underground infrastructure network, eight road lanes with 50 meters of right-of-way priority, prime generating units and backup fuel storage.” “Through Megawide’s engineering capabilities, we will support GGDC and the Philippine Government in establishing the new Central Business District of Central Luzon,” Megawide Chairman Edgar B. Saavedra said in a statement. RECOMMENDED Philippines: People Are Crazy Over This Face Mask Philippines: People Are Crazy Over This Face Mask simplediscountfinder.com The Best Valentine's Gift! The Best Valentine's Gift! 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LATEST NEWS Philippine trade year-on-year performance (December 2019) Trade gap narrows in December Fitch upgrades PHL outlook to ‘positive’ European Commission says administration’s drug war, death penalty are ‘serious concerns’ IMF says Q1 GDP likely at 6.3% High court asks ABS-CBN to comment on SolGen’s move to cancel its franchise CIP majority stake sold to Unioil-led firm, other investors Advertisement by TaboolaSponsored LinksYou May Like Is a Carbon-Neutral World by 2050 Possible? MHI by CNBC Catalyst Water with Taste - Try out the new Agua Prima Flavored Water Drink! Agua Prima [Photos] Top 30 of the most beautiful women in the world Easyvoyage Advertisement SOCIAL STREAM Phil. Stock Exchange @PhStockExchange As of 12:00 noon, market recess, PSEi 7,405.51 down 33.89 points or 0.46 percent.#PSEiupdate https://t.co/EgPQtYwIEB 36 m BusinessWorld @bworldph Right-of-way acquisition remains the bottleneck in implementing government infrastructure projects, the Congression… https://t.co/0RahXFd0cthttps://t.co/JHaOQdhdOhhttps://t.co/XDRrVJXuyr 39 m Phil. Stock Exchange @PhStockExchange As of 11:30 a.m., PSEi 7,421.38 down 18.02 points or 0.24 percent. #PSEiupdate 1 h Phil. Stock Exchange @PhStockExchange As of 11:00 a.m., PSEi 7,419.83 down 19.57 points or 0.26 percent. #PSEiupdate 1 h BusinessWorld @bworldph The government generated a net P205.76 million from rents and parking fees from the Mile Long property in Makati, m… https://t.co/dqbqz1elgwhttps://t.co/ZoxfxZKQrDhttps://t.co/h0w18A4nUT 1 h United Nations ESCAP @UNESCAP 17 #GlobalGoals 🚀➡ #2030Agenda ❗️One thing is certain: we need to work as a united front if we want to make a bett… https://#ForPeopleForPlanet@UN_Armida#AsiaPacifichttps://t.co/dDtfTzgDgJ 2 h SriLankan Airlines CEO on Challenges, Returning to Profitability Feb.11 -- Vipula Gunatilleka, chief executive officer at SriLankan Airlines Ltd., discusses the challenges the airline is facing, returning to profitability and the importance of the airline... 38 mBloomberg Markets and Finance1 Bloomberg Money Undercover (02/11/2020) - Full Show Feb.11 -- Alternative investments is where the big money is being made. "Bloomberg Money Undercover" puts the spotlight on the world of private debt, equity and real estate. Host Lisa Abramowicz... 1 hBloomberg Markets and Finance10 Private Debt Still Offers Investors Value: Carlyle’s Jenkins Feb.11 -- On "Bloomberg Money Undercover", Bloomberg's Lisa Abramowicz talks with Mark Jenkins, head of global credit at the Carlyle Group, which oversees around $50 billion in credit assets... 3 hBloomberg Markets and Finance1 Burning Issues: Vanguard's PE Move, CLO Demand & Brookfield's $20B Infrastructure... Feb.11 -- After years of internal deliberations, Vanguard Group, with its $6.2 trillion in assets, has decided to open its very first private-equity fund. The move might strike an everyday... 3 hBloomberg Markets and Finance4 Phil. Stock Exchange @PhStockExchange As of 10:30 a.m., PSEi 7,424.50 down 14.90 points or 0.20 percent. #PSEiupdate 2 h Phil. Stock Exchange @PhStockExchange As of 10:00 a.m., PSEi 7,419.88 down 19.52 points or 0.26 percent. #PSEiupdate 2 h ASEAN @ASEAN Happy Union Day to our Myanmar friends! February 12 marks the signing of Panglong Agreement back in 1947 which led… ht#Myanmarco/g6d2Kk1Kpghttps://t.co/azuXbStQkE 2 h BusinessWorld @bworldph The fund utilization rate posted by government agencies remained at 97% in 2019, despite the delayed budget passage… https://t.co/jInGG9dvdYhttps://t.co/i2pR2Lpvnjhttps://t.co/oZK1bIBXNE 2 h Phil. Stock Exchange @PhStockExchange Alsons Consolidated Resources, Inc. lists P694 million commercial paper on PDEx https://t.co/0QkvV2yzId 2 h Phil. Stock Exchange @PhStockExchange February 12, 2020: As of 9:35 a.m., PSEi 7,435.41 down 3.99 points or 0.05 percent. PSEi opened at 7,435.25. #PSEiupdate 3 h CLOs Could Evolve Beyond Leveraged Loans: LibreMax’s Moffitt Feb.11 -- On "Bloomberg Money Undercover", Bloomberg's Lisa Abramowicz talks with David Moffitt, head of tactical investment opportunities and CLO management at LibreMax Capital and president... 4 hBloomberg Markets and Finance It Takes $500,000 to Make Top 1% in U.S., Five Times China Level Feb.11 -- Since Occupy Wall Street popularized the term the “top 1%”almost a decade ago, inequality has surged, and this exclusive group has only gotten richer and more influential. Yet... 4 hBloomberg Markets and Finance8 Family Builds $3.8 Billion Fortune, One Pint of Blood at a Time Feb.11 -- Over the past decade, as international demand for plasma has soared and many Americans have struggled to make ends meet, plasma collection in the U.S. has more than doubled, according... 4 hBloomberg Markets and Finance3 Brixmor CEO Sees Many Opportunities in Open-Air Shopping Centers Feb.11 -- James Taylor, Brixmor Property Group president and chief executive officer, discusses the company's acquisition strategy and the landscape for retail shopping centers with Bloomberg's... 5 hBloomberg Markets and Finance LOAD COMMENTS Advertisement Facebook Twitter LinkedIn Follow us on © 2018 BusinessWorld Publishing. All rights reserved. Read our privacy guidelines. 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