MANILA, Philippines — Rising interest rates and higher construction costs are among the headwinds in the country’s residential property market due to their potential impact on mortgage rates, according to a professional services and investment management firm. “Colliers believes that developers need to be cautious with rising interest and mortgage rates, and the potential impact […]
Read MoreMANILA, Philippines — Remittance inflows to developing Asian countries from overseas workers are expected to continue to grow this year, while deployment of migrant workers from the region disrupted by restrictions imposed due to COVID-19 is expected to return to pre-pandemic levels amid the resumption of economic activities, the Asian Development Bank (ADB) said. In […]
Read MoreMANILA, Philippines — Inflation likely breached the seven percent level in October on the back of transport fare hikes, elevated domestic petroleum prices, higher agricultural commodity prices due to recent typhoons, and the depreciation of the peso, according to the Bangko Sentral ng Pilipinas. BSP Governor Felipe Medalla said inflation last month likely settled within […]
Read MoreMANILA, Philippines — The telco industry has asked President Marcos to allocate a yearly budget not only for physical infrastructure, but also for digital assets to achieve his push for universal connectivity. PLDT president and CEO Alfredo Panlilio told The STAR that telco executives in the Private Sector Advisory Council have requested that the government […]
Read MoreMANILA, Philippines — Despite the series of interest rate hikes, credit growth accelerated further to the fastest pace in more than two years at 13.4 percent in September from 12.2 percent in August due to higher loan demand from both corporate and household borrowers, according to the Bangko Sentral ng Pilipinas (BSP). Based on BSP […]
Read MoreMANILA, Philippines — Red-hot inflation likely hit is boiling point in October and would start cooling down from there, as price pressures from weather disturbances and transport fare hikes are expected to ease in the coming months, the Bangko Sentral ng Pilipinas said Monday. Inflation, as measured by the consumer price index, is forecast to […]
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