IMF turns bullish on PH

While most other multilateral institutions had slashed their respective 2021 gross domestic product (GDP) growth forecasts for the Philippines, the Washington-based International Monetary Fund (IMF) even raised its projection to 6.9 percent from 6.6 percent previously.The IMF’s April 2021 World Economic Outlook (WEO) report also projected a 6.5-percent GDP growth next year which , however,…

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COVID-19 vaccine-led rebound to benefit property stakeholders

The Philippine economy contracted by 9.5 percent in 2020, the country’s worst performance since World War II. Colliers believes that the successful rollout of the COVID-19 vaccine will play a crucial role in the country’s economic recovery. The government-projected economic recovery in 2021, albeit slow, will likely support the growth of the property sector. We…

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Investment opportunity in health-care space unveiled

Fund manager Manulife Asset Management Trust Corp. (MAMTC) has unveiled a new investment fund that allows investors to buy into the global health-care space and ride on breakthrough medical advances. Manulife Global Healthcare Equity Feeder Fund is an equity feeder unit investment trust fund (UITF) that investors with aggressive risk appetite may access for as…

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Manufacturing sustains growth in March

Manufacturing sustained year-on-year growth in March, before the most stringent lockdown measures were again imposed in Metro Manila and four neighboring provinces that host economic zones and factories to contain the surge in COVID-19 infections. London-based global information provider IHS Markit Ltd. on Monday said the Philippines’ purchasing managers’ index (PMI) slightly eased to 52.2…