AGP Executive Report
Last update: 9 hours agoMetro Manila IT zoning: The Philippines lifted a seven-year PEZA moratorium for new IT parks and centers in Metro Manila, letting PEZA process five pending projects including Ayala Land’s ARCA South 1 and developments in Makati and Taguig—aimed at easing PEZA-compliant office shortages and pulling in more IT-BPM and global capability center demand. Bermuda housing rebound: Butterfield Bank’s CFO said Bermuda’s residential market is “very vibrant” again, with multiple offers and more international business driving demand, though cash-heavy deals are making mortgage origination harder. Bermuda/Canada data-center finance: Singtel is exploring a Nasdaq-SGX dual listing and a data-center REIT listing as part of its capital recycling plan, while Wildberries seeks warehouse space in Kazakhstan after Ukrainian drone strikes—spotlighting logistics real estate risk management. Global heritage backdrop: UNESCO’s World Heritage Committee closed in Busan with 28 new inscriptions (including Greece’s Mount Olympus area and Normandy’s D-Day beaches), adding to the tourism and place-branding tailwind for real estate markets. Infrastructure and land use: India’s Dharavi redevelopment is using digital twin mapping at 620 acres, and Mumbai’s proposed Uttan-Virar Sea Link is getting an in-principle connection to the Mumbai-Delhi Expressway via Khardi.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.