Sign up | Log in



Home  >>   Daily News  >>   Philippines News  >>   Economy  >>   Real estate drives Philippines industry
NEWS UPDATES Asean Affairs        3  May 2011

Real estate drives Philippines industry

Related Stories

April 25,2011
Reducing VAT on petroleum costs Philippines

April 20, 2011
Philippines’ BOP surplus surges in March

April 19, 2011
Philippine T-bills slump

April 14, 2011
Philippine firms feel fuel inflation

March 9, 2011
Philippines redeems more debt than it issues

April 7, 2011
Philippine manufacturers to pay less tax

Sales of Philippine industries rose by double digits in the fourth quarter of 2010 mostly because of the real estate sector, the National Statistical Coordination Board (NSCB) said.

In a statement, the NSCB said the total gross revenue index of industries in the fourth quarter grew by 12.7 percent from the 8-percent growth in the previous year.

The NSCB said real estate posted the highest growth at 24.1 percent because of increased revenues from real estate projects, renting and leasing operations.

This was followed by trade, which grew by 13.9 percent and finance, up by 12.7 percent. With the increase in revenues of Philippine industries, the total employment index recovered to a positive growth of 2.3 percent from a decline of 3.2 percent a year ago.

Real estate recorded the highest growth at 5.3 percent.

The NSCB said all other sectors recorded positive growth except for mining and quarrying. The total compensation index expanded 5 percent from last year’s 2.1 percent.

Real estate posted a double-digit growth of 26.2 percent, followed by electricity and water with 8.5 percent, and manufacturing with 7.6 percent.

All other sectors registered positive growth except for transportation and communications, which declined by 3.7 percent during the quarter.

The total compensation per employee index decelerated to 2.6 percent in the fourth quarter from 5.4 percent in the same three-month period in 2009.

Real estate registered the highest growth at 19.9 percent, followed by private services at 8.8 percent, and mining and quarrying at 8.7 percent.

Except for transportation and communications, which declined by 3.2 percent, all other sectors posted positive growth for the fourth quarter of 2010.

Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
  Online Ad Rates

Comment on this Article. Send them to

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below




1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Today's  Stories    3  May 2011 Subsribe Now !
• Southeast Asian terrorist groups react Subcribe: Asean Affairs Global Magazine
• Economic program boosts penny stocks Asean Affairs Premium
• Malaysia hopes for peace
Research Reports
on Thailand 2007-2008

•Textiles and Garments Industry

•Coffee industry

•Leather and footwear industry

•Shrimp industry

• Real estate drives Philippines industry        
• Thai inflation spikes in April

• Gas supplies dwindle as Japan buys

• Thailand’s CP eyes new markets

• Iron ore exploitation destroys lake p

Asean Analysis    May 2011

Advertise Your Brand
• Asean election season begins in Singapore Sponsor Our Events

Asean Stock Watch    May 2011

• Asean Stock Watch-May 3 p

Global News Impacting Asia    17 November 2010


• Bank of America sees Asian inflation


• Lloyd’s increases insurance push in Malaysia


• Wells Fargo analyst on euro


• Obama’s visit to Asia


ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent

• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore
• Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline
• Vietnamese PM projects 10-year socioeconomic plan


This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More


Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

Our Products | Work with us | Terms of Use | Site Map | Privacy Policy | Refund Policy | Shipping/Delivery Policy | DISCLAIMER |

Version 5.0
Copyright © 2007-2015 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand