Economy of the Philippines

Limits on Philippines property loans may be tightened further

Amando Tetangco, Philippines Central Bank governor. Photo: Bloomberg

The Philippines has cut borrowing costs, banned foreign funds from special deposit accounts and eased rules for outflows, striving to manage an investment influx lured by economic growth exceeding 6 per cent and improved credit ratings.

Wednesday, 8 May, 2013, 2:33am

Philippines weighs up property cooling measures

Rising property prices in the Philippines have spurred developers to build more homes. Photo: AFP

The Philippine central bank is reviewing property loans data to determine whether cooling measures are needed to avert a bubble, Deputy Governor Nestor Espenilla said.

1 May 2013 - 3:44am

Chinese investors eyeing Philippines

Some innovative developments in the Philippines have panoramic views of the Pacific Ocean. Photo: Miguel Nacianceno

Disheartened by tight government controls in their domestic housing markets, investors from China, including Hong Kong, are looking overseas for alternatives. Among their targets is the Philippines, which posted one of Asia's highest economic growth rates last year.

10 Apr 2013 - 5:47am

Great Strides: Running in the Philippines

The Intramuros area of Manila is a good place for a jog.

Less than two hours from Hong Kong and comprising 7,107 tropical islands, the Philippines makes for an ideal weekend getaway. But surprisingly few Hongkongers visit the archipelago compared to more popular spots in the region such as Bali or Phuket.

So if you are looking to escape the tourist hordes, then the Philippines could be right up your street.

2 Oct 2012 - 12:43pm

Philippines seeks gain in Japan-China row

The Philippines is seeking to lure investment from Japanese companies that are being hurt by their country’s bitter territorial dispute with China, a senior trade official said on Wednesday.

26 Sep 2012 - 4:28pm

Manila to repay China loan for stalled railway

Chinese Vice President Xi Jinping, right, meets with the Philippine Interior and Local Government Secretary Mar Roxas on the sidelines of the ninth China-ASEAN Expo in Nanning, Guangxi Zhuang Autonomous Region on Friday. Photo: Xinhua

The Philippine government will comply with a Chinese demand for repayment of a US$500 million loan for a stalled railway, an official said on Tuesday.

25 Sep 2012 - 9:44pm

Corrections & clarifications

Guidelines for a new mandatory insurance scheme for overseas Filipino workers were first published in Philippine newspapers on September 17, not Hong Kong newspapers, as reported yesterday.

11 Nov 2010 - 12:00am

Thrifty Christmas for Filipinos as dollar slumps against peso

Filipino domestic worker Emily is counting her money as never before, in what she feels will be a thrifty Christmas.

She has been remitting most of her salary each month as soon as she gets it. But in the past 10 months, her HK$3,480 pay has not gone as far as it used to.

9 Dec 2007 - 12:00am

'Sick man of Asia' confounds critics

Is the Philippine economy on the mend? Yes, says president Gloria Macapagal-Arroyo, who carried the fresh news of the fastest rate of growth for the Philippine economy in two decades to the Sydney meeting of Asia-Pacific leaders earlier this month.

25 Sep 2007 - 12:00am

Poor English threatens Philippines outsourcing

The Philippines, with its large English-speaking population, is a natural hub for contact centres and other business outsourcing services. However, problems in English proficiency have become a nagging concern, for both the government and the private sector.

22 Mar 2006 - 12:00am

Ignore hissing snakes and follow smart money up corporate ladders

YOU CAN STILL hear it, that hissing sound emanating from the snake pit that is Philippine politics.

Early this week, a Catholic priest waded into this malevolent mass to pin down some pro-government serpents.

13 Aug 2005 - 12:00am

Lord of the numbers?

Mike Arroyo, the president's spouse, is the media's latest candidate for one of the country's mythic titles: jueteng lord. It is mythic because while most Filipinos believe jueteng lords exist, nobody has actually been able to conclusively identify one - and for good reason, perhaps. That exalted being is a kingpin, a key figure in a huge numbers racket that is plaguing the Philippines.

19 May 2005 - 12:00am

Filipinos learn to think outside the box on putting money to work

THERE IS THIS terrible but very telling joke about a mother-daughter tandem of Filipino domestic helpers working in Hong Kong, although they could have been based in Singapore, Rome or any one of innumerable, interchangeable postings.

One December, the daughter sent a huge box home to her family in a tiny, thirsty town in the Philippines.

31 Dec 2004 - 12:00am

Share resources to solve global disputes

The article headlined 'World losing battle against poverty' (June 17) brought to mind 19th-century political economist Thomas Malthus, who believed that war, famine and disease are nature's ways to control unrestrained population growth.

1 Jul 2004 - 12:00am

Overseas angels

It is late afternoon on Terminal 2 of Paris' Charles de Gaulle Airport, and passengers of Air France flight AF192 to Manila are gathering at the boarding gate.

6 Feb 2003 - 12:00am