general

Philippine firms turn more pessimistic in Q3

MANILA, Philippines — Businesses in the Philippines grew less confident in the third quarter, held back by the seasonal lull during the “ghost month” and the drag from US tariff headwinds, the Bangko Sentral ng Pilipinas (BSP) reported on Friday. Consumers, however, turned slightly more optimistic, buoyed by expectations of rising incomes and improving job

general

Housing loans surge on cooling prices, lower rates

MANILA, Philippines — Home prices in the Philippines climbed in the second quarter, though at their weakest pace in more than a year, as an oversupply of condominium units dragged on the housing market and pushed developers to offer steep discounts. In turn, the slower rise in home prices, together with falling interest rates, appeared