Category Archives: Real Estate Philippines Updates

Wao-Maguing road now open to traffic, Lanao sur guv sees boost in agri trade

LANAO del Sur – Governor Mamintal “Bombit” Alonto Adiong, Jr. of Lanao del Sur officially traversed the now passable Wao-Maguing road, also known as “The Dream Road”, in the morning of April 4, 2016 and seen to boost the agricultural sector and trade between Bukidnon and Lanao del Sur.

It took him and his convoy two and half hours to reach the municipalities of Amai Manabilang and Wao from Marawi City using the said road. In the past, residents of mainland Lanao del Sur would travel eight hours to go to the towns of Wao and Amai Manabilang of the same province and had to first pass through Lanao del Norte, Iligan City, Misamis Oriental, Cagayan de Oro and Bukidnon.

According to Engr.… Continue Reading ...

Added value pushed in Northern Mindanao research congress

BusinessWorld Online
Mark D. Francisco
April 1, 2016

Small-scale farmers in Northern Mindanao continue to expand into value-added products as they recognize the need to diversify income sources.

The farmers and agriculture officers of 16 local government units (LGUs) in the region took part in a two-day congress this week on Community-based Participatory Action Research (CPAR).

Under CPAR, crops and technology packages for making value-added products are introduced to farming communities by the Department of Agriculture (DA).

The program was introduced to the farmers in 2005.

At the congress that opened on March 28, the LGUs exhibited their existing processed products from rice, corn, soybean, different potato varieties, and vegetables.

Their goods include food crisps, native cakes, milk, and soap.

There was also a demonstration of potato-based farming systems and an introduction of alternative crop varieties.… Continue Reading ...

Inflation could have fallen below 1% in July — BSP

Mr. Tetangco said in a text message that July’s inflation rate “could remain low and settle within 0.5%-1.3% range.”

“Downward pressure could come from the lower local pump prices and power rates for the month,” Mr. Tetangco said.

If realized, the lower end of the central bank’s estimate would mark another record low for the increase in prices of widely used consumer goods based on 2006 prices.

The higher end, meanwhile, is slightly faster than the 1.2% pace seen last month.

“The BSP will continue to monitor domestic and global developments to ensure that the policy stance remains supportive of price stability conducive to a balanced and sustainable economic growth,” Mr. Tetangco said.

Inflation in June brought the average rate last semester to 2%.

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Tablon power plant to use coal: official

Goldstar Daily News
Lito Rulona

IS it going to be a coal-fired power plant or not?

When the city council gave the Cagayan de Oro Corn Products Inc. the green light to construct and operate a power plant in Tablon, it was because of a supposed assurance that the firm would not be using coal.

But a barangay councilor in Tablon said the six-megawatt power plant would be coal-fired in times when the supply of biomass are insufficient or not available.

Tablon barangay councilor Angelo Pomar revealed this on local radio even as he vouched that a public consultation was made in his village before the barangay council gave the firm the go-ahead.

Pomar’s pronouncement contradicted Councilor Zaldy Ocon’s claims.

Ocon, chairman of the city council’s environment committee, said he endorsed the project before the city council after the firm’s lawyer Arnold Barba assured in writing that the power plant would not be coal-fired.… Continue Reading ...

BIR hikes zonal values in key cities

April 23, 2015
Manila Bulletin
Jun Ramirez

The Bureau of Internal Revenue (BIR) has increased the zonal value of real estate properties in selected areas in Metro Manila and elsewhere to hike and collect the right amount of capital gains tax (CGT) and documentary stamp tax (DST).

Finance Secretary Cesar Purisima approved the recommendation of BIR Commissioner Kim. S. Jacinto-Henares to adjust the value of properties to a more realistic level.

They included properties located in Quezon City, San Juan, Rizal province as well as those in certain areas in Mindanao.

BIR insiders described the adjustment as timely since the last zonal valuation update was made 10 to 15 years ago, especially those in the provinces.

Revenue regional officials together with local assessors, treasurers, independent appraisers as well as landowners and developers decide on how much the zonal value should be hike.… Continue Reading ...