{"id":537,"date":"2023-06-15T11:54:47","date_gmt":"2023-06-15T03:54:47","guid":{"rendered":"https:\/\/sofcpartners.com\/?p=537"},"modified":"2023-06-15T11:58:10","modified_gmt":"2023-06-15T03:58:10","slug":"bank-sector-snapshot-asset-growth-acceleration-and-reductions-in-reserve-requirements","status":"publish","type":"post","link":"https:\/\/sofcpartners.com\/bank-sector-snapshot-asset-growth-acceleration-and-reductions-in-reserve-requirements\/","title":{"rendered":"Inside the Philippines: June 2023"},"content":{"rendered":"<aside class=\"entry-summary\">\n<h3 class=\"entry-summary-title\">Here&#8217;s what you need to know:<\/h3>\n<ul class=\"entry-summary-items\">\n<li><a href=\"#macro-movements-upgrades-in-gdp-growth-projections-and-improving-employment-figures\">Macro Movements: Upgrades in GDP growth projections and improving employment figures<\/a><\/li>\n<li><a href=\"#industry-insight-office-market-updates-and-pipeline-real-estate-investment-trust-reit-listing\">Industry Insight: Office market updates and pipeline real estate investment trust (REIT) listing<\/a><\/li>\n<li><a href=\"#bank-sector-snapshot-asset-growth-acceleration-and-reductions-in-reserve-requirements\">Bank Sector Snapshot: Asset growth acceleration and reductions in reserve requirements <\/a><\/li>\n<\/ul>\n<\/aside>\n<h2 id=\"macro-movements-upgrades-in-gdp-growth-projections-and-improving-employment-figures\">Macro Movements: Upgrades in GDP growth projections and improving employment figures<\/h2>\n<p><em><strong>The World Bank raises its Philippine growth forecast and Fitch upgrades its outlook <\/strong><\/em><\/p>\n<p><em><strong>Unemployment drops to 4.5% in April amid increased hiring<\/strong><\/em><\/p>\n<hr \/>\n<h2 id=\"industry-insight-office-market-updates-and-pipeline-real-estate-investment-trust-reit-listing\">Industry Insight: Office market updates and pipeline real estate investment trust (REIT) listing<\/h2>\n<p><em><strong>Office leasing sees upswing despite projected rise in vacancies <\/strong><\/em><\/p>\n<p><em><strong>SM Prime eyes rollout of the country\u2019s largest REIT listing in the second half of 2023<\/strong><\/em><\/p>\n<hr \/>\n<h2 id=\"deal-highlights-local-coffee-startup-backed-by-foreign-investors-philippines-as-hotbed-for-edtech-services\">Bank Sector Snapshot: Asset growth acceleration and reductions in reserve requirements<\/h2>\n<p><em><strong>Philippine banks witness the quickest asset growth in three quarters<\/strong><\/em><\/p>\n<p><em><strong>Bank reserve requirements to be reduced beginning June 30, 2023<\/strong><\/em><\/p>\n<hr \/>\n<p style=\"text-align: center;\"><a class=\"btn\" href=\"https:\/\/sofcpartners.com\/wp-content\/uploads\/2023\/06\/SofCap-ITP-202306.pdf\" target=\"_blank\" rel=\"noopener\">Download the full report<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Here&#8217;s what you need to know: Macro Movements: Upgrades in GDP growth projections and improving employment figures Industry Insight: Office market updates and pipeline real estate investment trust (REIT) listing Bank Sector Snapshot: Asset growth acceleration and reductions in reserve requirements Macro Movements: Upgrades in GDP growth projections and improving employment figures The World Bank [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[1],"tags":[],"acf":[],"_links":{"self":[{"href":"https:\/\/sofcpartners.com\/wp-json\/wp\/v2\/posts\/537"}],"collection":[{"href":"https:\/\/sofcpartners.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sofcpartners.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sofcpartners.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sofcpartners.com\/wp-json\/wp\/v2\/comments?post=537"}],"version-history":[{"count":3,"href":"https:\/\/sofcpartners.com\/wp-json\/wp\/v2\/posts\/537\/revisions"}],"predecessor-version":[{"id":540,"href":"https:\/\/sofcpartners.com\/wp-json\/wp\/v2\/posts\/537\/revisions\/540"}],"wp:attachment":[{"href":"https:\/\/sofcpartners.com\/wp-json\/wp\/v2\/media?parent=537"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sofcpartners.com\/wp-json\/wp\/v2\/categories?post=537"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sofcpartners.com\/wp-json\/wp\/v2\/tags?post=537"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}