MANILA, Philippines β The Bangko Sentral ng Pilipinas (BSP) has downplayed the risks posed by the offshore gaming industry to the real estate and banking sectors, saying measures are in place to manage the exposure of banks. In a press briefing, BSP Governor Benjamin Diokno said the reliance of the real estate sector to Philippine […]
Read MoreMANILA, Philippines β Singapore-based digital bank Tonik Financial Pte. Ltd. has secured a license from the Bangko Sentral ng Pilipinas (BSP) to operate in the Philippines. The license will enable Tonik, through its local unit Tonik Digital Bank Inc.,Β to provide a full range of retail banking services, focused primarily on retail deposits and consumer […]
Read MoreMANILA, Philippines β Economic growth in the fourth quarter of 2019 likely accelerated between 6.3 percent and 6.4 percent as government spending recovered after budget delay, according to foreign macroeconomy research firms.Β In a research brief issued over the weekend, London-based Capital Economics said growth likely picked up again in the fourth quarter to 6.4 […]
Read MoreMANILA, Philippines β By all indications, urban living is the way the future will unfold for the human race, according to Jose Mari Banzon, SM Development Corp. executive vice president. According to the United Nations, Banzon said, as much as 70 percent of the world would be living in urban centers by 2050. The Philippines […]
Read MoreMANILA, Philippines β The continued expansion of both physical malls and the e-commerce market is seen to contribute to the further growth of the Philippine real estate market, a property consultancy firm said. βHere in the Philippines, malls and online are not seen as rivals but they should complement each other,β Lobien Realty Group (LRG) […]
Read MoreMANILA, Philippines β The economy likely grew at a faster pace in the fourth quarter of 2019 due to the recovery in capital formation and public spending, according to Security Bank Corp. In a statement, Robert Dan Roces, chief economist at Security Bank, said the economy may have grown by 6.6 percent in the last […]
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