MANILA, Philippines — Economic growth in the second quarter was revised higher by the Philippine Statistics Authority as construction and real estate activities proved stronger than initially reported. State statisticians said in a statement on Wednesday that the gross domestic product in the April-June period now stood at 7.5%, slightly higher than the previous 7.4%. The latest figure...
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ABOUT 80% of overseas Filipino workers (OFWs) deployed to the United Arab Emirates (UAE) expressed interest in placing investments in the Philippines within the next 12 months, with property the preferred repository for their excess funds, according to the results of a survey released on Thursday. The survey, commissioned by the New Perspective Media Group (NPMG), took in responses from 3,800 w...
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MANILA, Philippines – The Philippine government’s total outstanding debt went up to P13.5 trillion as of end-September, primarily due to the peso’s depreciation against the US dollar and the net issuance of government securities. The Bureau of the Treasury said on Thursday, November 3, that the latest figure is 3.8% or P495.5 billion more than the level in August. From end-Dec...
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INFLATION may accelerate as much as 7.9% in October, driven by rising food prices, higher transport fares and the peso depreciation, the Bangko Sentral ng Pilipinas (BSP) said on Monday. “The BSP projects October 2022 inflation to settle within the range of 7.1% to 7.9%,” it said in a statement. If realized, October inflation would exceed the central bank&rsqu...
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GOVERNMENT can support private entities by making it easier for them to get permits, the founder of listed developer 8990 Holdings, Inc. said in response to the administration’s call for more housing units. “It’s very challenging to come up with a million houses ’cause we’ve never experienced building a million houses in the Philippines,” 8990 Holdings Chairm...
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Cebu is undoubtedly a fantastic place to live in. It is vibrant, dynamic, and full of exciting activities and destinations. It is no surprise then that many are looking for the perfect home in Cebu, especially one that best fits their family. One of the crucial considerations for homebuyers is the neighborhood’s suitability for raising and nurturing a household. Fortunately, there are many c...
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