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PH property market awaits Trump policies

The Philippine property market is in a wait-and-see phase as the election of Donald Trump as US president poses uncertainties to the two main growth drivers of the country’s real estate market, real estate services firm Colliers International said on Thursday. In a quarterly property briefing, Colliers International director for valuation and advisory Julius Guevara said that the Trump presidency...

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Villar expands footprint in Boracay: New residential community offers ‘slice of paradise’

MANILA, Philippines – Vista Land & Landscapes Inc. has unveiled Costa Vista Boracay, envisioned as a sanctuary sitting perfectly between the island’s emerald blue sea and clear skies. Vista Residences president and managing director Elizabeth Kalaw said in a recent briefing residential owners would have Boracay’s “pristine white sand as their front lawn.” Costa Vista Boracay will have six re...

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High power cost weighs down Philippine competitiveness

MANILA, Philippines - The Philippines will continue to lag in global competitiveness unless government addresses the country’s high power cost – considered among the most expensive in the world – to support the manufacturing sector, experts said. Experts at a recent forum said electricity is the biggest expense for industrial firms, accounting for about a fourth of total costs. Federation of Phi...

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Peso nears 8-year low

MANILA, Philippines – The peso tumbled to a near eight-year low against the dollar yesterday, closing at 49.35 from Tuesday’s close of  49.17 to $1 as the dollar continued to strengthen against major currencies. Yesterday’s close was the lowest since it settled at  49.37 to $1 on Dec. 4, 2008 due to the global financial crisis. Trading volume increased to $666.5 million from Tuesday’s $600.9 mil...

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BOI: Upsurge in investments expected in coming months

THE Philippine Board of Investments (BOI) is expecting an upsurge in investments registration in the coming months with the anticipated approval of about 44 more projects in the pipeline worth P52.03 billion. Trade Secretary and BOI Chairman Ramon Lopez said this development augurs well with the administration’s socio-economic agenda of uplifting the lives of the Filipino people. “More investment...

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LandBank president vows easy-access loans for farmers

NEW Land Bank of the Philippines President Alex Buenaventura vowed to focus on easy-access lending to farmers. As the 9th president and CEO of LandBank, Buenaventura said in a statement that the bank aims to triple lending to small farmers and fishers from t...

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