Philippine Market Overview - April 2008Healthy economic growth can still continue despite inflationary pressures with the aid of private consumption and increased fiscal stimulus. Overseas worker remittances surged to US$14.4 billion in 2007 with an expected 8% increase in 2008 at US$15.6 billion.
Philippine Property Market OVerview October 2007In a knee-jerk reaction, the sub-prime crisis in the US led to a nearly 15% drop in the Philippine stock exchange despite the 7.5% growth in the country’s gross domestic product for the second quarter.
Philippine Property Market Overview - January 2008January to November OFW remittances reached $13.053 billion – up by more than 14% from last year’s $11.438 billion for the same period. Remittances reflected the continued rise in the number of deployed overseas workers.
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