| 23.10.2008 - Philippines' property sector to suffer brief slowdown |
| From Nasdaq.com: The Philippine property sector is likely to soften as the U.S. economy slows down, but the fall isn't expected to be as steep as it had been during the 1997 Asian financial crisis, real estate service firm CB Richard Ellis Group Inc. (CBG) said. The Asian contagion blemished metropolitan Manila's skyline with half-finished office and residential towers, and left many banks with bloated nonperforming assets..... Full Article: Source |