Real property valuations of local government units (LGUs) are not increasing fast enough to keep up with the market values of land in the country, the Asian Development Bank (ADB) said. During the virtual Bureau of Local Government Finance (BLGF) webinar Thursday, Oct. 21, Jose Antonio Tan III, ADB...
A House of Representatives committee has backed a Philippine bar topnotcher in seeking the repeal of an antiquated law on property ownership which the proponent had described to be of “no value.” Rep. Xavier Jesus Romualdo The House Committee on Revision of Laws recommended the passage of House...
The Department of Finance (DOF) has set in motion the full implementation of the Personal Property Security Act (PPSA) with its recent issuance of the rates for the fees on the use of the electronic registry mandated to be established under the law. Republic Act (RA) No. 11057 or the PPSA aims to...
Paranaque Mayor Edwin Olivarez announced on Saturday that the city government is offering a 20-percent discount to early real property tax (RPT) payers. Olivarez said taxpayers who would settle their RPT earlier than the scheduled deadline would get a 20-percent discount. Olivarez said the discount...
With their world-class projects, top Philippine property developers deserve to win the Prix d’Excellence because of their world-class projects, but unfortunately failed to win the “Oscars of Real Estate”, the Philippine chapter of the Paris-based International Real Estate Federation...
Eton Properties Philippines Inc. reported that it has secured a five-year office leasing contract in Centris Cyberpod Five, located in the BPO-IT lifestyle hub Eton Centris along EDSA, Quezon City . PHC President Karlu Tan-Say In a statement, the firm said the contract is with one of its existing...
The Intellectual Property Office of the Philippines (IPOPHL) and the Philippine Chamber of Commerce and Industry (PCCI) are calling for innovators to join this year’s Alfredo M. Yao (AMY) Intellectual Property (IP) Awards, an annual joint event of IPOPHL and PCCI to recognize patented and...
Filings for intellectual property (IP) protection in the first half of 2021 posted a 20 percent year-on-year growth as the economy recovered further from eased lockdown restrictions, the Intellectual Property Office of the Philippines (IPOPHL) reported. In total, IP applications stood at 22,919....
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,...
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....
Foreign Affairs Secretary Teodoro Locsin Jr. echoed the proposal of the World Trade Organization (WTO) to waive intellectual property (IP) protections on vaccines to allow many countries to manufacture more coronavirus shots. Foreign Affairs Secretary Teodoro Locsin Jr. (Malacañang) Locsin made...
The Intellectual Property of the Philippines (IPOPHL) has granted a copyright registration to YouTube lesson videos created by a math teacher at the Philippine Science High School (PSHS)–Main Campus in August 2020. (PSHS Facebook page) In a Facebook post, the PSHS System congratulated Leo Andrei...
