winner777 Alfonso lone Filipino in Forbes ’50 over 50′ list

Megaworld Corp. president Lourdes Gutierrez—Alfonso (CONTRIBUTED PHOTO)

MANILA, Philippines — Megaworld Corp. president Lourdes Gutierrez-Alfonso is the sole Filipino recognized among Forbes Magazine’s 50 Over 50 Global list for leading the company amid a challenging environment for the real estate sector.

The 61-year-old Megaworld official was appointed president in June 2024 and succeeded billionaire and company founder Andrew Tan.

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Alfonso is at the helm of the developer’s mammoth $6.1-billion expansion plan over the next five years.

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READ: Megaworld president named ‘exceptional’ female leader

“Gutierrez-Alfonso’s new role will be a challenge: borrowing costs remain high while rivals are aggressively constructing hotels in anticipation of a tourism rally,” Forbes said.

In separate advisories on Monday, Seaoil and Shell Pilipinas said the per-liter prices of gasoline and diesel would be reduced by 50 centavos and 70 centavos, respectively.

According to the group, the Department of Trade and Industry’s (DTI) Bureau of Philippine Standards (BPS) is seeking feedback from stakeholders on recommendations to follow several measures as they received a bulletin from the government body informing them of five international standards on textiles published by the International Organization for Standardization (ISO) intended for adoption under the Philippine National Standards (PNS).

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Last November, Forbes also included Alfonso among the 20 outstanding women leaders in Asia for steering Megaworld at a time of global economic uncertainties.

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