Global-Estate Resorts, Inc. (GERI), the integrated tourism estates unit of Megaworld Corp., is prioritizing the completion of about P11 billion worth of projects across its leisure-oriented developments as it navigates geopolitical risks and inflationary pressures, according to a report by BusinessWorld.
The company said it is applying financial discipline and operational agility to complete these projects, which span its townships in emerging urban centers. GERI's strategy involves focusing resources on near-term deliverables while managing cost pressures from inflation and supply chain disruptions.
Analysts noted that GERI's emphasis on completing existing developments rather than launching new ones reflects a cautious stance amid uncertain economic conditions. The company's portfolio includes integrated resorts and residential communities across key tourism hubs in the Philippines.