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.
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.
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.