Mastercard Forecasts 5% Expansion this Year

Biz Progress In perhaps the most bullish projection on the Philippine economy by far, MasterCard Worldwide forecasts it will expand by 5 percent this year, driven by strong remittance flows which it expects to grow by 9 percent. Although other regional and local economists also see growth for the country this year, their...

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Banko Sentral Considers Cap on Property Loans

BSP considers cap on property loans to prevent price bubbles THE BANGKO Sentral may ask banks to extend fewer property loans to prevent asset-price bubbles if capital inflows persist, Deputy Governor Diwa Guinigundo told reporters Friday. Lowering the cap on how much banks could lend for real estate “is an option, part of...

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