The Province of Iloilo has officially recognized the Top 20 Real Property Taxpayers for Calendar Year 2025 under the corporate category, acknowledging companies that continue to play a vital role in strengthening local economies and supporting public development initiatives across the province.
Leading the list is Palm Concepcion Power Corporation, based in the municipality of Concepcion, followed by 8990 Housing Development Corp. with properties spread across Pavia, Sta. Barbara, Leganes, and San Miguel. Property Company of Friends, Inc. secured the third spot, with investments in Pavia, Sta. Barbara, and Lambunao.
The annual recognition highlights corporations that have consistently fulfilled their tax obligations, helping generate funds for infrastructure projects, public services, healthcare, education, and community programs in Iloilo’s municipalities.
Other major companies included in the list are Globe Telecommunications Inc., San Miguel Foods Inc., Coca-Cola Beverages Philippines Inc., Robinsons Land Corporation, Universal Robina Corporation, and CityMall Commercial Centers, Inc.
Several municipalities benefited from large-scale corporate investments this year, particularly Pavia, Leganes, Sta. Barbara, Oton, and other fast-growing areas in Iloilo Province.
The presence of these companies reflects increasing investor confidence in Iloilo as a strategic business and industrial hub in Western Visayas.
Among the notable entries are SPC Island Power Corporation in Dingle, Dynasty Management and Development Corporation in Sara, and Vitarich Corporation operating in Pavia, Zarraga, and Oton. Telecommunications, power generation, food manufacturing, real estate, and commercial development firms dominated the rankings, signaling strong economic activity across multiple sectors.
Provincial officials emphasized that responsible taxpayers contribute directly to local progress by supporting programs that improve the quality of life for Ilonggos.
Corporate real property taxes remain one of the key revenue sources for local government units, enabling municipalities to fund essential services and future development projects.
The recognition of top taxpayers also serves as an encouragement for businesses to maintain transparency, compliance, and long-term investments within the province.
Top 20 Corporate Real Property Taxpayers for CY 2025
1. Palm Concepcion Power Corporation – Concepcion
2. 8990 Housing Development Corp. – Pavia, Sta. Barbara, Leganes, San Miguel
3. Property Company of Friends, Inc. – Pavia, Sta. Barbara, Lambunao
4. New Panay Agri-Ventures Development Inc. – Pavia
5. Globe Telecommunications Inc. – Various Municipalities
6. San Miguel Foods Inc. – Leganes
7. Coca-Cola Beverages Philippines Inc. – Pavia
8. Far East Noble House, Inc. – Estancia
9. IBC International Builders Corp. – Various Municipalities
10. Robinsons Land Corporation – Pavia
11. Universal Robina Corporation – San Enrique
12. SPC Island Power Corporation – Dingle
13. Waffle Time Inc. – Pavia
14. Dynasty Management and Development Corporation – Sara
15. Liwayway Marketing Corporation – Pavia
16. QHP Realty Corporation – Pavia, Leganes, Sta. Barbara
17. Heva Management and Development Corporation – Janiuay, Oton, Balasan
18. Vitarich Corporation – Pavia, Zarraga, Oton
19. Dewland Property Venture Corp. – Leganes
20. CityMall Commercial Centers, Inc. – Pavia
As Iloilo continues to attract major investors and expand its economic footprint, the contribution of these corporations remains crucial in driving sustainable growth and regional development.
Background of Iloilo’s Top 20 Corporate Real Property Taxpayers for CY 2025
1. Palm Concepcion Power Corporation
Location: Concepcion, Iloilo
Industry: Power Generation
Palm Concepcion Power Corporation operates one of the largest coal-fired power plants in Western Visayas. The company supplies electricity to the regional grid and plays a major role in supporting industrial and commercial energy demand in Iloilo and neighboring provinces.
2. 8990 Housing Development Corporation
Location: Multiple areas including Pavia, Sta. Barbara, Leganes, and San Miguel
Industry: Real Estate and Housing
Known for the Deca Homes brand, 8990 Housing Development Corporation is one of the Philippines’ leading affordable housing developers. The company focuses on mass housing communities for middle- and low-income Filipino families.
3. Property Company of Friends, Inc. (Profriends)
Location: Pavia, Sta. Barbara, and Lambunao
Industry: Real Estate Development
Profriends is a large-scale residential developer known for building master-planned communities across the Philippines. The company specializes in affordable and mid-range housing projects.
4. New Panay Agri-Ventures Development Inc.
Location: Pavia, Iloilo
Industry: Agriculture and Animal Feeds Production
New Panay Agri-Ventures Development Inc. manufactures animal feeds with brands Lovefeeds for swine, Carefeeds for poultry and Legendary Gamefowl Feeds for gamebirds. The company supports the agricultural industry in Western Visayas and nearby islands through feed production and distribution.
5. Globe Telecommunications Inc.
Location: Various municipalities in Iloilo
Industry: Telecommunications
Globe is one of the country’s biggest telecommunications providers offering mobile, broadband, digital, and enterprise services. The company has expanded its network infrastructure throughout Iloilo and Western Visayas.
6. San Miguel Foods Inc.
Location: Leganes, Iloilo
Industry: Food Manufacturing
San Miguel Foods is part of the San Miguel Group and is involved in poultry, livestock feeds, processed meats, dairy products, coffee, and flour manufacturing. It remains one of the largest food companies in the Philippines.
7. Coca-Cola Beverages Philippines Inc.
Location: Pavia, Iloilo
Industry: Beverage Manufacturing
Coca-Cola Beverages Philippines manufactures and distributes Coca-Cola products nationwide. The company operates beverage production and distribution facilities serving Western Visayas markets.
8. Far East Noble House, Inc.
Location: Estancia, Iloilo
Industry: Retail and Commercial Trade
Far East Noble House, Inc. is associated with retail and commercial business operations connected to shopping and wholesale trade activities in the Visayas region.
9. IBC International Builders Corp.
Location: Various municipalities in Iloilo
Industry: Construction and Engineering
IBC International Builders Corp. is a construction company engaged in infrastructure, commercial, and development projects. The firm has participated in public and private construction works in Iloilo.
10. Robinsons Land Corporation
Location: Pavia, Iloilo
Industry: Real Estate Development
Robinsons Land Corporation is one of the country’s leading property developers. The company develops shopping malls, office buildings, hotels, residential communities, and mixed-use projects nationwide.
11. Universal Robina Corporation
Location: San Enrique, Iloilo
Industry: Food and Beverage Manufacturing
Universal Robina Corporation or URC is one of the Philippines’ largest snack food and beverage manufacturers. The company produces popular consumer brands distributed locally and internationally.
12. SPC Island Power Corporation
Location: Dingle, Iloilo
Industry: Energy and Power
SPC Island Power Corporation is involved in energy generation and supports electricity supply operations in the Visayas region through its power facilities and energy-related investments.
13. Waffle Time Inc.
Location: Pavia, Iloilo
Industry: Food Retail
Founded in Iloilo, Waffle Time started as a local food kiosk business and eventually expanded nationwide. The brand is known for affordable waffles and snack products sold in malls and transport terminals.
14. Dynasty Management and Development Corporation
Location: Sara, Iloilo
Industry: Property Development
Dynasty Management and Development Corporation is engaged in commercial property and real estate development projects in the Visayas region.
15. Liwayway Marketing Corporation
Location: Pavia, Iloilo
Industry: Snack Food Manufacturing
Liwayway Marketing Corporation is the maker of the popular Oishi snack brand. Established decades ago, the company became one of Asia’s leading snack food manufacturers with products distributed in several countries.
16. QHP Realty Corporation
Location: Pavia, Leganes, and Sta. Barbara
Industry: Real Estate
QHP Realty Corporation operates in property investment and land development, with projects focused on commercial and real estate growth in Iloilo.
17. Heva Management and Development Corporation
Location: Janiuay, Oton, and Balasan
Industry: Commercial Property Development
Heva Management and Development Corporation develops and manages commercial properties, including shopping centers and mixed-use developments in the Visayas.
18. Vitarich Corporation
Location: Pavia, Zarraga, and Oton
Industry: Poultry and Feeds
Vitarich Corporation is a long-established agricultural company involved in poultry production, feeds manufacturing, and food processing operations in the Philippines.
19. Dewland Property Venture Corp.
Location: Leganes, Iloilo
Industry: Property Development
Dewland Property Venture Corp. is involved in land and commercial property development activities supporting urban expansion and local investment growth.
20. CityMall Commercial Centers, Inc.
Location: Pavia, Iloilo
Industry: Commercial Real Estate
CityMall Commercial Centers, Inc. develops and operates community malls in provincial areas across the country. The company focuses on bringing retail and commercial establishments closer to local communities.
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