Philippines Ready to Act on Property Loan Surge

Philippines Ready to Act on Property Loan Surge

Nana Buxani/Bloomberg

Cars are parked outside Bangko Sentral ng Pilipinas in Manila. The central bank ordered lenders to provide more details on their real-estate loans in August as capital inflows rose to a 10-year high in 2012, adding to concern that some areas may be vulnerable to excessive valuations.