KapitBisig.com Philippines

Manila, Philippines — The country’s seven largest conglomerates are investing close to P200 billion for capital expenditures this year in a massive show of confidence in the local economy.

The seven groups are led by flagships First Pacific/Metro Pacific Investments Corporation, Ayala Corporation, JG Summit Holdings, SM Investments Corporation, San Miguel Corporation, Lopez Holdings Corporation, and Aboitiz Equity Ventures.

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BANGKOK, Sept. 7 (Reuters) – From its business district to leafy suburbs, new condominiums are sprouting almost daily across Bangkok, but developers and investors alike seem little concerned about a property bubble developing.

The country's real-estate stocks have been on the boil with the index of property stocks up 28 percent in the last three months and many listed companies have raised profit forecasts, confident of capitalizing on what they say is insatiable local demand.

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Manila, Philippines — The Department of Trade and Industry is keeping its 22 percent exports growth goal this year, confident that exports will sustain growth amid fears of a slowdown in the electronics sector.

Bureau of Export Trade Promotion (BETP) Director Senen Perlada told reporters the Export Development Council (EDC), a private-public sector group, is going to meet end this month to finalize the draft Philippine Export Development Program (PEDP).

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