Business

Fitch Ratings notes gains on new reporting rules for real estate loans

MANILA -- Fitch Ratings on Thursday cited the Bangko Sentral ng Pilipinas' (BSP) new requirements for enhanced reporting from banks on property lending and project finance, saying this will help detect risks...

PH up one spot in WEF Global Competitiveness Report

MANILA -- The Philippines has improved its ranking in the World Economic Forum (WEF) Global Competitiveness Report 2017-2018, placing 56th out of 137 economies in the latest report released Wednesday. The country’s ranking...

ADB maintains PH growth forecast for 2017, 2018

MANILA -- The Asian Development Bank (ADB) has maintained growth forecast for the Philippines for this year and 2018, on the back of the government’s aggressive infrastructure push and implementation of tax...

Congress mulls amendment of REIT law

MANILA -- The House of Representatives may push for the amendment of the Real Estate Investment Trust (REIT) Act, Representative Arthur Yap said Monday. During the real estate market briefing of Leechiu Property...

UCPB hails lifting of TRO vs EOs on coco levy

MANILA -- The United Coconut Planters Bank (UCPB) on Monday hailed the recent Supreme Court (SC) decision to lift the Temporary Restraining Order (TRO) on two Executive Orders (EOs) issued by former...

ASEAN, HK expected to sign trade, investment deals in November

MANILA -- The Philippines is optimistic over five agreements and declarations, including the long-awaited free trade and investment agreements between Association of Southeast Asian Nations (ASEAN) and Hong Kong, will be...
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