Property giant Megaworld scores a major win as Iloilo City formally declares its Iloilo Business Park the official Center of Culture and Arts under Executive Order No. 021, cementing the township’s role beyond commercial development.
The project, named Nascala Coast, will combine residential villages, beachside condos, commercial hubs, and leisure destinations. The township aims to capture the scenic value of Nasugbu’s coastal and mountainous terrain while offering a mixed-use development model targeting homeowners, investors, and tourists.
The collaboration marks a strategic shift for Megaworld, the country’s largest operator of Filipino hotel brands, as it moves to compete more aggressively in a post-pandemic tourism market that increasingly values both global brand recognition and localized service delivery.
Grab Philippines, in partnership with the Department of Information and Communications Technology (DICT), Department of Transportation (DOTr), and property developer Megaworld Corp., has launched a groundbreaking pilot study to test drone-powered commercial deliveries in the Philippines.
The move marks a strategic pivot for the property developer, whose residential offerings have historically focused on premium and mid-tier vertical communities. It also signals the company’s entry into a segment currently dominated by boutique developers and international luxury brands.
Tycoon Kevin Tan-led Megaworld Corp. is investing P2.5 billion to redevelop Eastwood City, its pioneering township project that helped define the company’s rise as one of the Philippines’ top real estate developers.
Tycoon Kevin Tan-led Megaworld Corp. has flipped the switch on its green energy transition, becoming the largest Philippine property firm to fully power its commercial portfolio with 100 percent renewable energy.
Tycoon Kevin Tan-led property giant Megaworld Corp. posted a 16 percent jump in first-quarter profit to P5.83 billion in 2025, showing how its township strategy continues to pay off as leasing, hotels, and provincial growth drive momentum.
Sources have confirmed to InsiderPH that two Gordon Ramsay restaurants— Gordon Ramsay Street Burger and Gordon Ramsay Fish & Chips — are set to open later this year.