Alfonso lone Filipino in Forbes ’50 over 50′ list

Gutierrez-Alfonso upholds meritocracy at Megaworld 

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.

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.

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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