Colliers expects surge in supply, demand for flexible workspaces
Real estate consultancy firm Colliers is projecting a significant surge in the supply of—and demand for—flexible work spaces within Metro Manila alone, and urged both tenant and landlords to consider this in their diversification strategies, especially in the wake of the COVID-19 pandemic.
Globe Blacklists, Deactivates Over 50,000 SIMs In 2022
Globe Telecom said it has deactivated and blacklisted more than 50,000 SIMs last year as part of its effort to intensify consumer protection initiatives amid the rising cases of online fraud.
Hot money net inflows only $887M, way below $3.5B target
Although this reversed the net outflow of $574.5 million recorded in 2021, the net inflow was way below the revised $3.5 billion target set by the Bangko Sentral ng Pilipinas (BSP).
Higher rate cap on credit card transactions to boost bank profits
Global credit watcher Fitch Ratings said the recent lifting of the interest rate ceiling on credit cards is seen boosting the banks’ net interest margins, which is already projected to rise due to the aggressive monetary policy tightening by the Bangko Sentral ng Pilipinas (BSP) in recent months.
Spectrum turns over solar rooftop projects
Manila Electric Co. (Meralco) subsidiary, Spectrum, has turned over two solar rooftop projects that began operations early last year.
