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Bottom line: Google to release its own phone in 2017

While Megaworld will build its 21st township and Citigroup is bullish on PH.
By Entrepreneur Staff |

 

 

Google is determined to change the smartphone industry.

 

The tech giant showcased to the public a “modular Android-powered” smartphone on Saturday, May 21 (Friday, Pacific Time) that is set to rival Apple’s iPhone and Samsung’s wide-array of smartphones.

 

Ara—first introduced to the public at the 2015 World Mobile Congress—is set to be released to the public in 2017.

 

The phone, with the help of magnets, can be customized to each user’s liking according to the modules they like. These modules are the usual components of a basic smartphone: screen, battery, camera, sensors, 3G, and Wi-Fi components and speakers.

 

Its principle follows that instead of buying a new phone, a smartphone user may customize their Ara by buying a new module.

 

While Google has not announced prices, it first reported an entry model has a production cost of $50 (P2,340).

 

 

Megaworld to develop 21st township

 After reporting a 55% net income surge in the first quarter of the year, real estate developer Megaworld announced it is developing its 21st township in General Trias, Cavite.

 

The property, which will be named “Maple Grove” is at the threshold of Cavite and Batangas corridor. The company will allocate P10 billion ($213.72 million) in the next 10 years to develop the 140-hectare property.

 

Like other townships, the property will have residential, retail, office, and institutional areas. 

 

Megaworld is also developing three other properties in the southern area of Metro Manila namely, “Suntrust Ecotown,” “Twin Lakes,” and “Southwoods City.”

 

The company also reported its income surged by 55% or P5.91 billion in the first quarter of the year as its construction business continue to drive its growth.

 

 

Citigroup upgrades forecast for PH

Still on the homefront, US banking giant Citigroup has upgraded its economic growth forecasts for the Philippines this 2016 and 2017, buoyed by the country's impressive first quarter gross domestic product (GDP) growth.

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Related: PH exceeds expectations, posts 6.9% GDP growth in Q1

 

Citi is expecting the country’s GDP up by 6.3%  this year, 0.9% higher than its earlier forecast of 5.4%. 

 

For 2017, growth is seen at 6.5% compared to 6%.  - Elyssa Christine Lopez

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