The Senate has approved on third and final reading the measure seeking to extend the estate tax amnesty for another two years. With 23 affirmative votes, the Senate approved Senate Bill No. 2208 which seeks to amend Republic Act No. 11213 or the Tax Amnesty Act, which is set to expire on June 15,...
Megaworld subsidiary Global-Estate Resorts, Inc. (GERI), the Philippines’ leading developer of master-planned integrated tourism estates, reported a 21 percent improvement in attributable net income to P300 million in the first quarter of 2021. In a disclosure to the Philippine Stock Exchange,...
Many relatives of coronavirus (COVID-19) victims who died from the disease are asking Congress to pass a legislation that would exempt them from paying estate tax, or at the very least lower the rate. (Photo by Jarl Schmidt / Unsplash) They said it will be another financial hardship if they will...
The Gherkin in London, the HSBC Building in Hong Kong, the Apple Park in Cupertino, La Garenne-Colombes in Paris, the South Beach in Singapore—all of these properties have challenged the notion of what traditional architecture is, and showed the world how the architectural envelope can be further...
Global-Estate Resorts, Inc. (GERI), the Philippines’ leading developer of master-planned integrated tourism estates, generated P12 billion from the sale of residential projects but 2020 net income was still lower due to the pandemic. In a statement, the firm aid it sold P4.22 billion worth of...
The current bearish real estate industry in the Philippines is expected to bounce back in the second half this year to early 2022 fueled by the government’s huge infrastructure program and the private sector driven REITs regime. This was the gist by the Asia Pacific Real Assets Association...
Kathryn Bernardo and Daniel Padilla learn saving tips from long-time friend and Daniel Padilla's fashion stylist Ton Lao Attending real estate seminars as young as 12 years old, celebrity stylist Ton Lao knew the value of investing in primed lots. "It's proven and tested that if you invest in the...
(L-R) UB Vice-President for Academics Dr. Abegayle P. Chua, University President Dr. Hernando B. Perez, CREBA national chairman Charlie A. V. Gorayeb, CREBA national president Noel Toti M. Cariño at the academic partnership agreement signing in 2017. Undertaking education programs has been a...
The Philippines and Japan have always enjoyed a good relationship. High-level engagements between Japanese and Filipino officials over the past years further expanded and deepened bilateral relations. These engagements have resulted in achieving one of the goals of friendship,...
The Securities and Exchange Commission (SEC) has approved the P14.71 billion initial public offering (IPO) of DoubleDragon Properties Corporation’s real estate investment trust (REIT). The SEC En Banc resolved to render effective the registration statement of DDMP REIT, Inc. for 17.83 billion...
Except for industrial and logistics, the lone growth driver and the Philippines new sunshine industry, the country’s property market across most asset classes are in a far worse situation this year than last year with rising vacancy rates and potential sell-offs if not closures of some hotels....
For the first time in the reporting of the Bangko Sentral ng Pilipinas’ (BSP) Residential Real Estate Price Index (RREPI), residential property prices fell in the third quarter by 0.4 percent year-on-year due to weak demand brought on by the COVID-19 pandemic. On a quarter-on-quarter basis, RREPI...
