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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Home to many popular establishments, Greenhills is one of the most recognizable and sought-after areas in Metro Manila. Its strategic location is perfect for professionals and families who seek a home in the city ready for their needs. RLC Residences offers Chimes Greenhills, a ready-for-occupancy (RFO) property in Annapolis Street, for those looking for a new home with everything within their rea...
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Despite the current economic challenges, the local luxury market is thriving as shown by the confidence of companies and the launching of high-end products for the local market. DMCI Homes Inc.,the real-estate arm of DMCI Holdings, recently launched the Fortis Residences, the company’s second project under its premium brand, DMCI Homes Exclusive. DMCI Homes Pres...
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