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.

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.

Philippine Economy Gets a 7.1% Boost

In the third quarter of the year, the Philippines made its mark as the best performer in Southeast Asia by growing a massive 7.1%. This is the strongest recorded growth in Asia during the period after China’s.

Socioeconomic Planning Secretary Arsenio Balisacan said the value of goods produced and the solutions delivered resulted to more jobs and better earnings for Filipinos. “We are well on our way to going above our set target of 5 to 6 % in 2012,” he says.

In the third quarter, agricultural output and recovery in exports jumped, contributing to 1.3% of economy’s rise in the July-September quarter from April-June. This was three times faster than economic experts had estimated.