MANILA, Philippines--Property giant Ayala Land Inc. broke ground for a business process outsourcing (BPO) campus in Talisay City in Negros Occidental, a project seen creating more than 15,000 jobs for the local community from BPO offices, retailers and support services upon completion.

MANILA, Philippines – Bank lending rose by 12.5 percent in August from a year ago, registering its fastest pace in over a year, as improved consumer and business sentiments drove demand for credit and prompted banks to lend more.

MANILA, Philippines -- The International Monetary Fund has again raised its growth forecast for the Philippines for 2010 and 2011, citing improving domestic demand and business sentiment in the country and the rest of Asia.

RISE IN consumer prices was at a 10-month low in September, a development officials said was due to increasing investments that propped supply of goods and services to meet growing demand.

THE PHILIPPINE economy is expected to grow by 8 percent this year due to favorable conditions that are seen to benefit emerging markets, according to Barclays.

The international finance institution recently upgraded the country’s growth forecast, a tad higher than the government’s official target.