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Manila is Asia's 4th best property investment market - survey
ANC – Fri, Jan 10, 2014
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Manila now a top real estate investment market in Asia - survey
Manila is Asia's 4th best property investment market, a global accounting and consulting firm said.
London-based PricewaterhouseCoopers (PwC), along with the Urban Land Institute (ULI), ranked the Philippine Capital number 4 in its survey that covered 23 Asian cities.
According to the survey, Manila has become a favorite among investors in the office sector as the city offers the highest prime office yields in Asia at an average of 10%.
Manila's young population also helped draw foreign tenants to the city as they fill jobs in the business process outsourcing (BPO) sector.
Manila jumped 8 notches from last year's ranking.
Tokyo, meanwhile, is the region's best property investment market, followed by Shanghai and Jakarta.
http://anc.yahoo.com/news/manila-is-asia-s-4th-best-property-investment-market---survey-080236891.html
November exports post biggest rise in 3 months
ANC – Fri, Jan 10, 2014l
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November exports post biggest rise in 3 months
Philippine exports growth accelerated in November last year, thanks to sustained demand for electronic products.
Electronics exports went up 10% in November, helping total exports to rise 18.9%. This is the biggest increase in the country's total shipments in three months.
Electronics manufacturers earlier abandoned their 5% growth target for 2013, saying exports will instead fall by as much as 12%. However, electronic shipments had gradually improved over the last few months, marking a revival for the country's top export.
Stronger exports should help the economy make up for some of the drag due to Typhoon Yolanda and slowing growth in government spending.
Bangko Sentral ng Pilipinas (BSP) meanwhile said, they expect exports to have risen 4% last year, and to grow at a faster rate of 6%...