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.
Alfonso is at the helm of the developer’s mammoth $6.1-billion expansion plan over the next five years.
“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.
Last November, Forbes also included Alfonso among the 20 outstanding women leaders in Asia for steering Megaworld at a time of global economic uncertainties.