AGP Executive Report
Last update: 6 hours agoAirport-to-logistics PPP: The Philippines’ PPP Center backed incentives for the ₱7bn Subic Bay International Airport concession, including a 5% SCIT corporate tax for up to 16 years, tax exemptions for export-registered operators, and customs/VAT relief—plus revenue beyond flights via cargo, warehousing, leasing and logistics. Hospitality real estate: Sri Lanka’s NYNE Hotels launched a destination-wedding offering in Bentota built around its Rock Villa and NYNE LUXE Collection properties, leaning into small-room, buyout-style stays. Data-centre demand: QBE named a global director of data centres as insurers move to cover fast-growing capacity tied to cloud and AI, while Australia’s NextDC reported rising contracted utilisation across its network as new capacity comes online. Residential market heat: Greece’s island asking prices kept climbing in Q2, with foreign interest still strong, and Seoul’s Yongsan Park housing plan faced renewed political pushback. Construction delivery: UAE logistics continues to scale with DSV’s 30,000-sq-m Jebel Ali Free Zone warehouse, delivered via PMKConsult’s design and project management for Lintara Properties. Corporate deal watch: Willis Re agreed to buy BMS Group’s US reinsurance arm, expanding specialist coverage in the US. China property fallout: Evergrande founder Hui Ka Yan was sentenced to life in prison and ordered to have personal assets confiscated as the developer’s crisis deepens.
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.