The Securities and Exchange Commission (SEC) has amended the rules governing real estate investment trusts (REITs), expanding the scope of REIT-able income-generating assets and allowing the use of established investment structures, including unlisted special purpose vehicles (SPVs) and...
Investment & Capital Corporation of the Philippines (ICCP) expects a new wave of real estate investment trust listings to reach the local market, driven by proposed regulatory changes and the shifting interest-rate environment. The Securities and Exchange Commission (SEC) is moving to amend rules...
Under Article XIII, Section 9 of the 1987 Constitution, the State is mandated to make decent housing and basic services” available to underprivileged and homeless citizens at an affordable cost. However, the wanton increase in Real Property Taxes (RPT)—which have surged by as much as 2,300...
Real property owners in Taguig need to pay a higher tax starting January. The Taguig City government announced that a new city ordinance was approved that imposes an increase of 0.25 percent in real property tax (RPT) that will take effect on Jan. 1 next year. On Dec. 15, the Taguig City...
President Marcos has ordered the reduction of the real property taxes (RPT) imposed on independent power producers (IPP) for this year. The move was intended to prevent defaults and economic losses that could affect electricity supply and the government’s fiscal stability, according to the...
The Securities and Exchange Commission (SEC) has issued for public comment its draft amendments to the rules governing real estate investment trusts (REITs), expanding the list of allowable assets and relaxing limitations on public ownership and the reinvestment period. The Commission released the...
Manila Mayor Francisco "Isko Moreno" Domagoso urged business and property owners in the city to avail themselves of its General Tax Amnesty and huge Real Property Tax (RPT) discounts for early payers as part of the city 's expanded efforts to help taxpayers keep up with their dues while...
ILOILO CITY – The Iloilo provincial government has postponed the real property tax (RPT) tax increase scheduled for next year. The Iloilo Provincial Board approved Provincial Ordinance No. 2025-342 on third and final reading on Tuesday, Oct. 21, sponsored by second district Provincial Board...
The city government of Pasay is offering tax amnesty for delinquent real property taxpayers without penalties, surcharges, or interest. Pasay City Mayor Emi Calixto-Rubiano said the city government is giving delinquent real property taxpayers until July 5, 2026 to settle their obligations. Rubiano...
For Alejandro S. Mañalac, real estate is more than just a career—it is a lifelong mission to serve people, uplift communities, and uphold integrity in the profession. This dedication was recognized when the Professional Regulation Commission (PRC) conferred on him the Outstanding Professional...
ILOILO CITY — The Iloilo City government extended the 60-percent real property tax rate until 2028 amid a warning that a 300-percent RPT hike will destroy the economy and a Supreme Court (SC) petition. The Iloilo City Council approved an ordinance on Wednesday, Sept. 24, extending the 40-percent...
A passenger vessel ran aground off Real, Quezon during the onslaught of Super Typhoon “Nando” but all individuals onboard were rescued, the Philippine Coast Guard (PCG) reported on Wednesday, Sept. 24. MV Virgen de Peñafrancia I, operated by Starhorse Shipping Lines, drifted into the shallow...
