News

2023 PH investment approval scores all-time high Php1.16-T, says DTI

The aggressive investment promotion activities of President Ferdinand R. Marcos Jr. in the Philippines and abroad has earned a Php1.16 trillion in investment approvals for 2023, the highest in the last five decades, the Board of Investments (BOI) reported on Wednesday. In a statement, Department of Trade and Industry (DTI) Secretary and BOI Chairman Alfredo Pascual expressed optimism that this...

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Revenge spending to extend into 2023

(This is the second of a two-part property market outlook by Colliers Philippines) MALL OPERATORS should brace for more foreign and local retailers as consumer confidence and foot traffic pick up this year.    Major mall developers have been reporting that consumer traffic has now reached between 85%-95% of pre-COVID levels in the third quarter of 2022 from only 40% a year ago....

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