Day: October 9, 2025

Bacolod: Issues regarding the lower take-up of mid-range condominium units are primarily a problem in Metro Manila and have not affected regional areas, a major conglomerate involved in real property development said. According to Philippines News Agency, Leechiu Property Consultants, in a report Monday, noted the soft take-up in the middle-income segment for the residential market, or the units priced between PHP2.3 million and PHP4 million, as of the third quarter of 2025. Its data show that while the middle-income segment posted an annual jump of 32 percent, its quarter-on-quarter performance is down by 17 percent, the only negative output

Pangasinan: Mayor Patrick Caramat of this town has ordered the formation of a Flood Resilience, Mitigation, and Management Council to tackle the ongoing flooding problem in the area. During a press conference on Wednesday, Caramat said the council will comprise members from the private, public, and business sectors, as well as experts such as engineers and architects, who will develop solutions to address the town’s flooding problems. According to Philippines News Agency, Caramat emphasized that the town currently lacks a drainage master plan, which contributes to the rapid accumulation and slow drainage of floodwaters. The newly formed council will also

Manila: The ASEAN+3 Macroeconomic Research Office (AMRO) anticipates that the Philippines will emerge as the second fastest-growing economy within the Association of Southeast Asian Nations (ASEAN) this year and again in 2026. According to Philippines News Agency, AMRO’s latest ASEAN+3 Regional Economic Outlook (AREO) October Update, released Thursday, forecasts the Philippine economy to expand by an average of 5.6 percent this year. This growth rate positions the Philippines just behind Vietnam, which is expected to lead with a 7.5 percent growth rate. The Philippine economy’s projected growth surpasses that of Indonesia (5 percent), Cambodia (4.9 percent), Malaysia (4.3 percent), Thailand

Masbate: The Mines and Geosciences Bureau in Bicol (MGB-5), along with mining companies across the country, provided relief assistance to families affected by Severe Tropical Storm Opong in Masbate. According to Philippines News Agency, MGB-5 Director Guillermo Molina Jr. IV stated that donations have come from both large- and small-scale mining firms, as well as partner organizations. These donations include food packs, bottled water, hygiene kits, construction materials, and other essential supplies valued at an estimated PHP16 million. Molina expressed gratitude towards the mining stakeholders nationwide for their support, highlighting that their collective efforts demonstrate the enduring spirit of bayanihan

Manila: The government’s ongoing corruption probe, far from scaring investors, will ultimately strengthen the Philippine economy by restoring integrity, efficiency, and public trust, Special Assistant to the President for Investment and Economic Affairs Secretary Frederick Go said Thursday. Speaking at a press briefing in Malaca±ang, Go said the administration views the investigation into alleged anomalies in flood control projects as a necessary correction rather than a destabilizing episode. According to Philippines News Agency, Go emphasized that the negativity surrounding the probe is exaggerated. He believes the investigation will benefit the country in the long term by addressing and correcting wrong