Peso Stands Strong against Other Asian Currencies

The Philippine Peso continues to do well in terms of Peso-Dollar exchange despite the currency being widely reputed to be one of the weaker currencies in the region. In the first two months of 2013, the Peso is reported to be on one of the fastest appreciating currencies in Asia. During the latter half of the previous year, the exchange rate saw the Peso getting consistently stronger against the Dollar. The average exchange rate for the past four years has continuously declined, with the Peso getting stronger as each year passes.

GT Capital Holdings Open To Partnership With The Government

The investment arm of Metrobank Group of Taipan George S.K. Ty, GT Capital Holdings Inc. is open to forge partnerships with entities competing for projects under the Public-Private Partnership (PPP) program of government.

“If we can get a strategic partner, why not,” said GT Capital president Camelo Bautista when asked whether the group was looking at bidding for PPP projects.

However, Bautista said that there is nothing on their table right now and they remain focused on further increasing their core businesses which includes financial services, real estate, automotive distribution, insurance and power.

Growing Partnership of Filipino and Israeli Businessmen Aims to Triple Trade

Filipino and Israeli businessmen aim to triple bilateral trade amid glowing partnership prospects.

During a business forum on Monday, Philippine Chamber of Commerce and Industry (PCCI) President Miguel B. Varela said two-way trade between the Philippines and Israel amounted to the maximum amount $250 million as of last year.

The Rise of Real Estate Industry in Philippine Economy

What to be expected for the country’s real estate services firm this year?

Heading by fearless projection of five real estate consultants, the expectation for 2013 is rosy.

Julius Guevara, associate director for advisory services and head of consultancy and research of Colliers International, said that in general the bullish performance of the economy is seen to continue in 2013. “2012 proved to be a very good year for the Philippine economy, specifically for real estate.

San Miguel Properties Is Going Private

San Miguel Properties Inc. (SMPI), the real estate development provider associated with San Miguel Corporation is about to experience an offer for its shares inventory as well as voluntarily delist in from the Philippine Stock Exchange.

In a revelation to the Philippine Stock Exchange, SMPI mentioned the actual move to file the case with regard to non-reflex delisting had been accepted by the board of directors last February 5.

Lease Rates and Stable Office Supply Assured by BPOs

The Business Process Outsourcing sector will continue to create majority of the demand for real estate, supported by a wide market of residential buyers, property consulting company CBRE Philippines said on Wednesday.

Joey M. Radovan, CBRE Vice Chairman and Global Services Head said that only Makati is seen to have greater prices this season due to its reducing area, with the other places, such as Fort Bonifacio and Quezon City predicted to maintain their lease levels.

FTA Of Philippines With European Union Needs Urgent Action

European Chamber of Commerce of the Philippines (ECCP) Vice President Henny J. Schumacher said in his statement yesterday that the Philippines will be left behind its Southeast Asian neighbors if it does not sign a Free Trade Agreement (FTA) with the European Union (EU) by the year 2015.

ECCP is convincing all business leaders to encourage the government to move ahead and  start negotiating with the European Union for the free-trade deal.

Mr. Schumacher said that based on the current trends, Singapore, Thailand, Malaysia and Vietman could sign the free-trade agreement. Although the trade department could not be reached for any comments regarding this.

Philippines Ranks As One Of The World’s Top Retirement Destinations

It was said that it’s more fun in the Philippines and it was proven because not only the young tourist who are seeking for adventure who come but also for the foreign retirees who is trying to have privacy in their old age.

Ireland-based website International Living  has ranked the Philippines 15th place of 22 for the World’s Top Retirement Havens for 2013 with the score of 79.5% in the Retirement Index.  This score is based on their eight categories which are so essential for retirees, including discounts and other benefits. Residential real estate, retirement benefits, entertainment and amenities, ease of integration, cost of living, health care, climate and retirement infrastructure are also included. In their previous list, there were only 19 countries and the Philippines is not included.

BPO as the Property Driver in Philippines

The Business Process Outsourcing (BPO) industry in the country is continuing to rise, and  demand for commercial and office space is also growing.

Vice President Jejomar C. Binay, chairman of the Housing and Urban Development Coordinating Council (HUDCC) said that they expect the Philippine real estate firm to rise  further because of the BPO industry’s speedy growth and of course there will also be demands for residential units that are close to employment sites.

Philippines: A rising Star For Real Estate Investment

Based on ABS CBN news, the appeal of Philippine investment is actually growing for property investment and development. This are from the results of just recent study, Emerging Trends in Real Estate 2013, accomplished by PricewaterhouseCoopers (PwC) along with the Urban Land Institute (ULI). Around 400 industry experts who give feedback in 22 cities around the Asia-Pacific region and Manila was graded as number 12 top investment destinations.

With regards to property shareholders, Indonesian capital Jakarta was the highest followed by Shanghai and Singapore. Manila is goes up for six positions coming from eighteenth place. In the previous years the location has completely outclassed merely decrease ranks from the study because this year, Philippine capital had beaten Tokyo, as well as Seoul as a leading in investment destination.