MANILA – The Philippine economy grew by 5.9 percent in the third quarter of the year, bringing the year-to-date economic growth to 5.5 percent. National Economic and Development Authority (NEDA) Secretary Arsenio Balisacan said this makes the Philippines among the best-performing economies in Asia. “In the face of many domestic and international challenges, we have effectively im...
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MANILA – The Philippine economy grew by 5.9 percent in the third quarter of the year, bringing the year-to-date economic growth to 5.5 percent. National Economic and Development Authority (NEDA) Secretary Arsenio Balisacan said this makes the Philippines among the best-performing economies in Asia. "In the face of many domestic and international challenges, we have effectivel...
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By Luisa Maria Jacinta C. Jocson, Reporter THE Philippine economy would probably expand by as much as 5.2% in the third quarter — still below the government’s target — after posting its slowest growth in more than two years a quarter earlier, according to First Metro Investment Corp. (FMIC) and the University of the Asia and the Pacific (UA&P). “We still...
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What is an REIT? REITs are companies that own, manage and finance real estate properties. The main difference between REITs and other real estate investments is that REITs are highly liquid. A REIT can be bought and sold on the stock market and traded in the same way as mutual funds or individual stocks. You can simply log into your brokerage and choose the REIT you want to invest in. Afte...
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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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Moreover, Diokno said the revival of tourism in the country will also propel the real estate industry’s growth as travel restrictions become less stringent. Real estate has been a significant player in the Philippine economy, however, commercial spaces, home rentals, and sales took a downturn during the pandemic. “Our economic prospects are promising,” Diokno said at the re...
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