MANILA, Philippines — The Philippine real estate market is among the top 10 improvers in Jones Lang Lasalle (JLL)’s Global Real Estate Transparency Index, driven by its push for sustainability. The country ranked 44th among 99 countries and 163 city regions included in the study, climbing a spot higher than its 45th ranking in 2018. […]
Read MoreMANILA, Philippines — Japanese global apparel retailer, Uniqlo, announced that its online store will officially launch on July 16. The online store will be available both in the Uniqlo website and in its mobile application. The launch will be accompanied by an online live event through Uniqlo’s Facebook page (https://www.facebook.com/UNIQLO.PH/) on the said date. “We […]
Read MoreMANILA, Philippines — The non-performing loan (NPL) ratio of Philippine banks rose for the fifth straight month to hit a five-year high of 2.43 percent in May from 2.31 percent in April, amid the sharp rise in past due as well as restructured loans due to the COVID-19 pandemic, according to the Bangko Sentral ng […]
Read MoreThe Kingdom’s new investment law is expected to be online soon because the draft law is already 95 percent complete, according to an official from the Ministry of Economy and Finance (MEF). Phan Phalla, the MEF’s secretary of state, said at a news conference on Government Measures in Response to the Impact of COVID-19 at […]
Read MoreMANILA, Philippines — The Philippine peso so far continues to show immunity from the coronavirus economic fallout, outperforming other Asian currencies as the country’s dollar reserves rise, the chief economist of the finance department said on Thursday. In an economic bulletin, Finance Undersecretary Gil Beltran said the local unit appreciated by 2.21% against the US […]
Read MoreMANILA, Philippines — London-based think tank Fitch Solutions expects higher investment risks in the country’s telecommunications industry following the recent shutdown of ABS-CBN and Sky Direct, which it said highlights the politicization of telecoms services in the Philippines. Fitch Solutions said the termination of services of ABS-CBN and Sky Direct, coupled with the country’s fluid […]
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