The average interest rates on treasury bills rose at Monday's auction, reflecting concerns over inflationary pressures following the release last week of November data, which showed a pick-up in price increases driven by supply bottlenecks caused by recent weather disturbances.
The Philippines is expected to remain resilient over the next two years, fueled by strong domestic consumption, infrastructure investment, and an expanding services sector, according to a new report from the Philippine Institute for Development Studies (PIDS).
The country's gross international reserves (GIR) dropped to USD108.5 billion as of end-November 2024, down from USD111.1 billion in October, according to the latest...
The unemployment rate eased to 3.9 percent in October 2024 from 4.2 percent in the same month last year, with the number of jobless Filipinos declining to 1.97 million from 2.09 million.
Agriculture Secretary Francisco Tiu Laurel Jr. on Monday rallied officials and staff of the Department of Agriculture to intensify their efforts and deliver swift, tangible results, following an effective endorsement from President Ferdinand Marcos Jr. of the programs and direction of the agency.
Security Bank has entered a strategic partnership with Juan Accounting Software, the country's only fully localized accounting and tax compliance platform, to provide enhanced financial tools to micro, small, and medium enterprises (MSMEs). The collaboration is designed to accelerate financial digitization among small businesses and boost operational efficiency.
Japan, the Philippines' third-largest trading partner, saw its economy contract by 0.2 percent year-on-year in the first quarter of 2025, according to revised government data released recently. While the updated figure marks an improvement from the earlier 0.7 percent decline estimate, it highlights a reversal from the 2.2 percent growth logged in 4Q 2024 and marks the first annual contraction in a year.
HTI expands land bank with Antipolo acquisition
Corporate
Listed firm Haus Talk Inc. (HTI) has finalized the acquisition of the former National Steel property in Antipolo, Rizal, marking a major strategic expansion of its land portfolio. The deal reinforced its presence in the affordable housing segment and advanced its vision as a leading provider of “value for money” residential developments in the country.
The newly acquired site will serve as the location of HTI’s next flagship residential and commercial project, slated to begin in the fourth quarter this year. The development is projected to deliver around 1,500 housing units and generate estimated revenues of ₱4.9 billion, making it one of the company's most significant investments to date.
Benchmarking the design against its successful The Granary community in Biñan, Laguna, HTI plans to integrate residential units with commercial spaces, aligning with its mixed-use development strategy.
“This acquisition underscores Haus Talk Inc.'s aggressive strategy to bolster our land bank and solidify our position as a dominant force in the affordable housing sector,” said Ma. Rachel D. Madlambayan, HTI president & CEO.
Located in Antipolo, the project capitalizes on the area’s blend of urban accessibility and provincial charm—features increasingly in demand among homebuyers.
The transaction is seen as a milestone in HTI’s growth strategy, further consolidating its market position amid rising demand for affordable housing and enhancing shareholder value through long-term revenue generation.
HTI’s move also reaffirms its commitment to addressing the Philippines’ housing backlog through scalable, high-impact developments in prime areas.