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Understanding Common Housing Loans in the Philippines: Pag-IBIG, Bank Loans, Private Lending, and More

Posted on Sat, Dec 16, 2023 1:55 PM by DR. SAMUEL O. LAO in Tips and Advice

Understanding Common Housing Loans in the Philippines: Pag-IBIG, Bank Loans, Private Lending, and More   Owning a home is a significant milestone for many Filipinos, and various housing loan options are available to facilitate this dream. Understanding the diverse array of options can help individuals make informed decisions about which one suits their needs best.   1. Pag-IB...

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ADB Raises 2022 PH gdp Growth Forecast TO 6.5%

Posted on Thu, Jul 28, 2022 4:24 PM by DR. SAMUEL O. LAO in Real Estate News

THE Philippine economy is forecast to grow faster than initially expected in 2022, following the relaxation of Covid-19 mobility restrictions in the country, the expansion of the vaccination program, and a rebound in investment and household consumption, according to a report released Thursday by the Asian Development Bank (ADB). The Asian Development Outlook (ADO) 2022 Supplement says the Phil...

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PH economy to hit 7% GDP this year

Posted on Mon, Jul 4, 2022 4:25 PM by DR. SAMUEL O. LAO in Real Estate News

  DESPITE the effect of rising fuel costs on consumer demand, the new chief of the central bank is optimistic that the Philippine gross domestic product (GDP) growth would reach at least the lower end of the government's objective this year. "It will be difficult to match 8.3 percent [economic growth] in the first quarter because of higher base effects. But at the same time, I...

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Robinsons Bank gets second-highest credit rating from PhilRatings

Posted on Mon, Oct 21, 2019 2:30 AM by DR. SAMUEL O. LAO in Real Estate News

ROBINSONS BANK Corp. has been conferred the second-highest credit rating by local debt watcher Philippine Rating Services Corp. (PhilRatings) for its planned corporate bond offering of up to P5 billion. In a statement over the weekend, PhilRatings said Robinsons Bank was assigned the “PRS Aa minus (Corp.)” credit rating for its P2.5-billion fixed-rate bonds with an oversubscription...

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Metro Manila is the most congested city in developing Asia —ADB study

Posted on Fri, Sep 27, 2019 10:42 AM by DR. SAMUEL O. LAO in Real Estate News

Metro Manila, the Philippines’ economic center in the capital region, is the most congested city in Asia, a study by the Asian Development Bank (ADB) showed. Metro Manila is “the most congested city in the developing Asia,” ADB director for Macroeconomics, Economic Research and Regional Cooperation Adbul Abiad said in a press conference in Mandaluyong City on Wednesday. &nb...

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BSP seen to cut rate soon

Posted on Sat, Sep 14, 2019 11:02 AM by DR. SAMUEL O. LAO in Real Estate News

A benign inflation environment —with prices last month having risen at their slowest pace in almost three years, thanks to a large degree to the Rice Tariffication Law—may prompt the central bank to implement another round of monetary easing as soon as this month. Speaking to reporters Friday morning, Bangko Sentral ng Pilipinas Governor Benjamin Diokno said the 25-basis-point reduc...

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