The majority of the members of the Davao Marsman Agrarian Reform Beneficiaries Multi-Purpose Cooperative (DAMARB MPC) intend to continue with its contract of lease with export banana plantation company, Marsman Estate Plantation Inc. (MEPI). Photo from Manila Bulletin In a statement, DAMARB MPC...
Some 28 business and professional organizations in the country have expressed strong support as they called to uphold the independence of the Commission on Audit, which has uncovered “deficiencies” in its audit on the way government funds were being appropriated by government agencies. “We,...
If there’s one thing in the property world that is never in short supply, it’s the variety of pre-selling deals in the market. From entry-level homes to luxury residences, developers are vying to offer the most attractive deals to buyers often times before even breaking ground on their latest...
The Bureau of Internal Revenue (BIR) has urged relatives of the deceased to avail of estate tax amnesty so that the government can raise more funds to address the problem of the coronavirus disease (COVID-19) pandemic. A beneficiary of social amelioration during the ongoing enhanced community...
The Department of Finance (DOF) said the growing roster of real estate investment trust (REIT) offerings will propel the growth of the Philippines’ property sector beyond the pandemic, serving as one catalyst for the country's quick and strong recovery. In a statement, Finance Secretary Carlos G....
Global-Estate Resorts, Inc. (GERI), the Philippines’ leading developer of master-planned integrated tourism estates, reported an 11 percent improvement in attributable net income to P603 million during the first half of the year. In a disclosure to the Philippine Stock Exchange, the Megaworld...
A Real Estate Investment Trust or REIT is not something new but its significance became more pronounced as real estate companies began to ramp up their REIT portfolio or began to offer this among their products. For those who are not deep into the real estate industry but want to find new...
Hotel living made more homey at the Grand Hyatt Residences TOWERS OF GOLD Artist's perspective of the Grand Hyatt Manila Residences South Tower, Grand Hyatt Manila, and Grand Hyatt Manila Residences; and the Grand Hyatt Manila Facade The extent of the global health crisis is unknown. A bitter truth...
Some 16 local and foreign business groups have strongly urged for the immediate enactment of the proposed Financial Consumer Protection (FCP) Act, which seeks to protect consumers amidst the growing complexity in financial services, especially digital services. In a statement the business group...
Bria Homes, a subsidiary of the Villar Group, has been recognized for developing affordable and sustainable housing projects. The 2021 Real Estate Asia Awards gave BRIA Homes recognition in two categories: "Affordable Housing Developer of the Year" and "Open Space Development of the Year". The 2021...
A measure extending the estate tax amnesty until June 2023 has been signed into law by President Duterte. President Rodrigo Duterte (file photo/Malacañang) The President inked Republic Act No. 11569 allowing a two-year extension of the estate tax amnesty, amending RA 11213 or the Tax Amnesty Act....
The office rental rates in Metro Clark in Pampanga will slightly go down next year amid the expected turnover of 280,000 square meters (sqm) of new spaces, an official from the real estate consultancy firm JLL Philippines said. In a virtual briefing on Tuesday, Ian Perez, director for capital...
