Residential real estate prices were higher by 4.4 percent year-on-year in Q3 2018 as the Residential Real Estate Price Index (RREPI) increased to 116.5 from 111.6 for the same quarter a year ago, the Bangko Sentral ng Pilipinas (BSP) revealed in a statement over the weekend.
Competitors in the CAMS Australian GT Championship will qualify to gain valuable laps of Bathurst’s iconic Mount Panorama in late 2019, with the recent signing of an arrangement with Challenge Bathurst promoter Yeehah Events to have four dedicated sessions for GT3, GT4 and Trofeo Challenge cars that have competed within the 2019 season.
Following government’s recent approval of the proposed New Manila International Airport project in Bulacan, San Miguel Corporation president Ramon S. Ang bared plans to protect and revive some 12,000 hectares of Bulacan coastline--as part of the P754 billion development of the airport.
“The DOE, in coordination with the Bureau of Customs and Bureau of Internal Revenue, is ready to implement the second tranche of excise taxes by January 1. Government devised a mechanism to closely monitor the inventories,” the DOE said in a statement on Thursday.
Limjoco said that the complete shutdown of Boracay has affected businesses in the area-- particularly the micro and small enterprises that depends on the island’s upbeat tourism sector -- while some of them are still struggling to come back to their livelihood activities.
Senate Minority Leader Franklin Drilon expressed confidence in the capability of Finance Secretary Carlos Dominguez III and the rest of the economic team to ensure the sound and efficient management of the debt incurred to fund the government’s “Build, Build, Build” infrastructure program, the Department of Finance said in a statement on Friday.
Finance Secretary Carlos Dominguez III said agriculture will remain among the top concerns of the Duterte administration for the rest of its term to fulfill its goal of raising farm productivity and rural incomes, and avoid a repeat of the supply problems in rice and other major food items that led to the elevated inflation rate in the second half of 2018.
“This new historic mark breezing past last year’s record figure not only reaffirms but further strengthens investor confidence under the Duterte administration. We were initially expecting to at least attain our target of PHP680 billion for the year, instead we were able to more than double the PHP442 billion investments level in 2016,” Trade Secretary and BOI Chairman Ramon Lopez said.
“All types of residential constructions, except for duplex/quadruplex and other residential, recorded a two-digit increase in number as follows: residential condominiums (80.8 percent), apartment/accessoria (29.9 percent) and single-type houses (15.3 percent),” the PSA noted.
Principally authored by Albay Rep. Joey Sarte Salceda in the House, HB 8078 was merged with Senate Bill 1454 and hurdled the legislature’s bicameral conference committee recently. It will remove major restrictions provided under Commonwealth Act No. 141 governing the land patent program, easing up certain prohibitions in granting public farmlands to qualified beneficiaries.
A Memorandum of Understanding (MOU) was signed between HBIS Group Co.,Ltd., Huili Investment Fund Management Co.,Ltd., Steel Asia Manufacturing Corporation, and PHIVIDEC Industrial Authority that will jointly implement the Philippine Iron and Steel Project in Misamis Oriental amounting to USD 4.4 billion-worth of investments, the biggest industrial investment from China to date. The project comprises of two phases which will generate over 20,000 additional job opportunities.
The Senate on Thursday ratified the bicameral conference committee report on the bill granting a one-time opportunity to those who have failed to pay their tax obligations for taxable year 2017 and prior years -- including estate taxes, general taxes and delinquent accounts – to settle their liabilities.