Betting on Philippine homes

Article Abstract:

Philippine property stocks with strong exposure to the cheap housing market appear ready to soar in 1997 as the country struggles with a massive backlog of demand in the industry. The strong demand for low-cost housing was abetted by falling interest rates and the increased inclination of banks to offer mortgage funding. Filinvest Land Inc. and C&P Homes Inc., the two leading firms in the cheap housing market, are also seen to do well in the upscale property market.

Subdividers and developers, not elsewhere classified, Land Subdivision and Land Development, Residential Building Construction, Housing Developers, Low-Moderate Income Housing, Residential construction, Finance, Housing, Real estate industry, Market share, Public housing, Filinvest Development Corp.

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Caution over Peso's plunge

Article Abstract:

Foreign exchange dealers and financial analysts maintain that the impact of the Philippine Peso's decline on various firms will be manageable. The Central Bank has allowed the Peso to drop from an average of 26.6 against a dollar to 29.25 at the close of trading on July 11, 1997. Analysts maintain that firms with dollar based stocks stand to gain from the Peso's decline while firms with foreign debts stand to lose ground.

Exchange Rates, Foreign Exchange & Reserves Policy, Analysis, Stock-exchange, Stock exchanges, Financial markets, Foreign exchange market

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Arroyo mulls peso controls

Article Abstract:

President Gloria Macapagal Arroyo of the Philippines is considering currency controls for the peso, but analysts and currency dealers are not worried by her warning. The government is concerned about the peso's weakness, since it has traded at more than 53 to the dollar for about six weeks.

Government regulation (cont), Philippines, Domestic Monetary Policy, Economic policy, Foreign exchange, Monetary policy, Arroyo, Gloria Macapagal-

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