In a statement, Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno said the forecast revisions will include estimates for the balance of payments position and foreign direct investments for 2020.
After posting double-digit growth in the first quarter, prices of prime residential property in Metro Manila are expected to stabilize amid the coronavirus pandemic, according to real estate consultancy firm Santos Knight Frank.
The country’s oldest business house, the Ayala group, is embarking on a comprehensive hand-holding program for about 250,000 small and medium enterprise (SMEs) in its ecosystem, including shopping mall tenants, suppliers and banking clients grappling with business disruptions caused by the coronavirus (COVID-19) pandemic.
I just finished my steaming hot bowl of my super favorite Yushoken ramen that I prepared by myself, and it was really almost as good as having it in their restaurant, sans the long queue. The ramen kit was delivered after waiting for a few days because they were just overwhelmed with orders.
The wholesale price of construction materials in the National Capital Region (NCR) rose 1.6% in March, the Philippine Statistics Authority (PSA) said.
Philippine offshore gaming operations provide the government with cash resources, Malacañang said Tuesday after the Department of Finance said it is looking at reopening the industry even during the coronavirus crisis.
The COVID-19 global pandemic and the resulting lockdowns to contain the disease, including in the Philippines, so far inflicted a “brutal blow” on the growing “sharing economy,” but benefitted the industry of e-commerce in Asean, Malaysian financial giant Maybank said.
It’s stating the obvious: the COVID-19 pandemic and the month-long, Luzon-wide quarantine imposed by the government would dampen the growth of the Philippine economy.
Vehicle volume on the Philippine capital's main highway could go down by 30 percent this year, with road projects under President Rodrigo Duterte's "Build, Build, Build" set to be completed, one of his economic managers said Wednesday.
The local construction industry is pushing for a 30-year infrastructure master plan to ensure the continuity of projects.
The Philippines’ robust real estate market is expected to be sustained over the next two to three years by a strong economic growth fueled by increased infrastructure spending, improved credit ratings, decelerating inflation, and a higher ranking in the global competitiveness surveys.
BPI Securities Corp. is projecting the Philippine Stock Exchange index (PSEi) to reach 9,000 in 2020, driven by the faster growth of the economy, particularly the banking, property and consumer sectors.
SM Prime Holdings Inc., the Sy-owned integrated property developer, is developing one of its biggest projects to date, the Gold City, which will be a sprawling mixed-used estate across the Ninoy Aquino International Airport in Parañaque.
The House committee on ways and means unanimously approved Monday a bill that seeks to impose taxes on Philippine Offshore Gaming Operators (Pogos) and its workers.
The Pasig River rehabilitation project has been adjudged as the most noteworthy endeavor in Asia, earning the 1st Asia Riverprize, the world’s foremost award in river basin management.