Hospitality, retail to drive PH property sector in 2023

REAL estate services firm

Santos Knight Frank (SKF) is optimistic about the outlook for the Philippine property sector this year, driven by the hospitality and retail sectors.

In a virtual briefing Thursday, SKF chairman and chief executive officer Rick Santos said retails and hotels are the fastest-recovering property sectors in the country amid the easing of coronavirus disease 2019 (Covid-19) restrictions and the increased mobility.

“Brick-and-mortar retail and hotels were some of the most severely affected real estate sectors during the pandemic. Now that travel and mobility restrictions have been lifted, we are seeing the resurgence and ‘unfreezing’ not just of market activity but also development and expansion of players in these sectors,” he said.

Santos said the hospitality property sector will continue to recover this year with the return of international flights and China’s relaxing of its Covid-19 policy.

“So we’re seeing revenge travel,” he added.

The Department of Tourism aims to lure 4.8 million international visitors this year, with Chinese tourists among the agency’s priorities.

In 2019, there were more than 1.78 million arrivals here from China. These Chinese tourists spent more than $2.3 billion in the Philippines for their vacation here.

Last year, the Philippines received over 2.65 million

School Nurses Play Vital Role in Developing Children’s Health Literacy

By CARRYL MAE T. CARBONILLA

THE role of school nurses often has the reputation of being a treater of injuries for rambunctious kids. But they have a more profound impact.

Nurses in educational settings contribute to kids’ physical, personal, and social growth. One of the most important ways this is evident is in how school nurses influence the development of students’ health literacy.

Health literacy isn’t just about understanding information on wellness matters. Instead, it is discovering information, acting on it, and advocating for oneself to improve quality of life. Therefore, it is vital to encourage these abilities in children from an early age, as it impacts how they navigate wellness issues throughout their school years and into their life beyond the classroom. tourists, still far from the preCovid tourist arrival of more than 8.26 million.

Let’s take a closer look at school nurses and their vital role in developing children’s health literacy.

Among the key components of health literacy is the ability to gain and use information about medical and wellness matters. This allows patients, no matter their age, to make informed decisions about their lives and care. School nurses have a significant impact in helping children develop in this area by providing general health knowledge and offering the most relevant guidance to help them thrive.

To supply accommodation to the potential international visitors this year, Santos said there will be 2,692 new hotel rooms that will be launched in Metro Manila alone between 2023 and 2024.

He said the return of the face-to-face events will also bolster the sector this year.

This can be seen in the inflation data, wherein restaurants and accommodation services sector is one of the top contributors to inflation in January 2023, he added.

Moreover, Santos said the policy of the Marcos administration not to implement any lockdowns amid the pandemic and to continue the opening up of the economy boosted the confidence in the retail industry.

SKF senior director for occupier services Morgan McGilvray said occupancy rate of retail spaces in Metro Manila at end 2022 reached 93 percent, which is nearing the pre-pandemic level of 96

Republic of the Philippines AUTONOMOUS REGION IN MUSLIM MINDANAO Province of Lanao Del Sur MUNICIPALITY OF MASIU

OFFICE OF THE MUNICIPAL CIVIL REGISTRAR Date February 06, 2023

NOTICE OF PUBLICATION

Petition No. CCE- 2023-01 RA 10172

In compliance with the section 5 of R.A. 10172 a notice is hereby served to the public that JUHAIRA PANDA-AG MANGONDAYA has filed with this office a petition to the clerical error in the entry of the child DAY GENDER SEX from Male TO FEMALE in the certificate of live birth of JUHAIRA PANDA-AG MANGONDAYA who was born on JULY 23 1999 and whose parents are MONALANGCAP T. PANDAAG AND MANGONDAYA P. PANGANDAMAN.

Any person adversely affected by said petition may file his written opposition with this office not later than February 27, 2023.

BWM: Feb 15 & 22, 2023

(SGD) AMRON D. MACABANGKIT Municipal Civil Registrar the upswing with P12.3 billion in approvals, which is higher by 13,982 percent than the mere P87 million in the same time frame in 2022.

Addressing investors’ concerns

Meanwhile, Vichael Angelo

Roaring, officer-in-charge of the Department of Trade and Industry-Foreign Trade Service Corps, said the agency would act on the concerns of the investors.

President Ferdinand R.

P344-B investment leads in the pipeline: BOI

TRADE Secretary Alfredo

Pascual said Saturday the Board of Investments (BOI) has investment leads of P344 billion, which would allow the agency to hit its target before the year ends.

“So far, the agency has potential investment leads of around P344 billion that will still be processed, and more likely than never, we may have 80 to 90 percent of the target even before the middle of the year,” Pascual, who also chairs the BOI, said in a statement.

The Department of Trade and Industry (DTI) is targeting to return to the P1 trillion level in investment approvals in 2023.

From January to Feb. 9 alone, the BOI approved PP414.3 billion worth of projects, which is 142.9 percent higher than the P170.5 billion investment approvals in the same period last year.

Pascual added that some of these investment leads are offshoots of the foreign trips of President Ferdinand R.

Marcos Jr.

“The increase in investments proves that the government’s promotional visit abroad, led by no less than the President himself, are working as a growing number of investors from around the globe – from Southeast Asia, the US, Belgium, China, and most recently Japan – have shown strong interest in putting in more investments into the country,” he said.

The trade chief noted that approved investments in less than two months of 2023 surged to P163 billion, from P249 million in the same period in 2022.

“BOI-approved foreign capital for barely the first months of 2023 has already reached 56 percent of the total figure for all IPAs (investment promotion agencies) last year. So, this year looks very promising with heightened prospects and through our collective efforts, we are on course to surpass the 2022 figure way ahead of time,” Pascual said. (PNA)