[MANILA] The Philippine economy grew by a faster-than-expected 6.9 per cent in the third quarter from a year earlier, supported by strong industrial output and services, the statistics agency said on Thursday. Economists in a Reuters poll had forecast annual growth of 6.5 per cent in the July-September period, compared with the second quarter’s upwardly […]
Read MoreThe Hanoitimes – The Ho Chi Minh City People’s Committee has asked relevant departments to tackle problems in granting house ownership certificates to overseas Vietnamese to encourage their investment into the real estate market. Statistics of the municipal Department of Construction revealed that only 15 overseas Vietnamese and foreigners were granted house ownership certificates in the […]
Read MoreRepercussions from the slump in the local real estate market have reverberated across the value chain, affecting not just property developers and speculators but businesses involved in facilitating sales and providing brokering services as well. To ride the property boom in 2010, a large number of real estate agencies had opened for business to get […]
Read MoreThe number of borrowers from microfinance institutions (MFIs) decreased by 5 percent during the third quarter of this year compared to the same period last year, a trend that industry insiders claim is due to operators attempting to strengthen the quality of their loans and to the impact of the 18 percent interest rate cap. […]
Read MoreThe government will strive to collect taxes owed by businesses after they failed to pay them during the first six months of this year, according to a government report. Revenue shortfall has mostly been reported in connection with taxation, State property and various funds, as well as tax obligations by business units. The government’s monthly […]
Read MoreMANILA, Philippines — Remittances from Filipinos abroad declined to a five-month low in September due to the repatriation of undocumented Filipino workers in Saudi Arabia as well as the decision of global correspondent banks to shut down more money service facilities. The Bangko Sentral ng Pilipinas (BSP) reported yesterday personal remittances contracted seven percent to […]
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