Category Archives: Real Estate Mindanao Philippines

Treasury launches ‘Premyo’ bonds

THE BUREAU of the Treasury on Monday launched its one-year peso-denominated “Premyo bonds para sa bayan” (Premyo bonds) as part of its bid to lure more small investors to government securities.

Here, four players can each win up to P1 million in cash or non-cash prizes such as real estate for as low as P500 in investment.

During the bond’s launch yesterday at the Development Bank of the Philippines (DBP), National Treasurer Rosalia V. De Leon announced that three property developers — DoubleDragon Properties Corp., Vista Land and Landscapes, Inc. as well as Megaworld Corp. — have partnered with the government to offer grand prizes during quarterly draws.

Ms. De Leon said the Premyo bonds are designed to encourage Filipinos to save while contributing to nation building, by reducing the minimum investment “to just P500” from the usual floor of P5,000. The Treasury also made it more convenient to invest by providing the option of applying online. Investors can also acquire the bonds through authorized selling agents.

“Premyo Bond, in small ways hopefully, could demonstrate that, if done right, digitalization of finance offers a gateway to achieve significant inroads towards financial inclusion and payments efficiency,” she said in a speech.

In a disclosure yesterday, Doubledragon said one winner will win a P6-million unit at Hotel 101 Fort in Bonifacio Global City in Taguig City in one of the four draws.

“The Premyo Bonds are a great way to incentivize first-time retail bond investors to try out investment instruments like this as a way for them to optimize and diversify their savings. It is also a great way to support our country and help spur inclusive growth,” DoubleDragon Chairman Edgar J. “Injap” Sia II said in the disclosure.

Under its cash reward tier, a total of P3 million will be raffled off during the quarterly draws where one winner will win P1 million, 10 winners to win P100,000 while 50 winners can win P20,000.

“On every cash rewards draw date, each Premyo Bonds unit shall be assigned a 20-character electronic Rewards Number (“e-RN”) using the Cash Rewards application system,” the Treasury said in a notice.

It added that “a bondholder in possession of multiple Premyo Bonds units may win multiple times.”

In a Nov. 22 notice, the Treasury said that the bonds will be in “scripless form” and will have a minimum required investment of P500 and integral multiples of P500 thereafter. The issue has an initial size of P3 billion but the Treasury has the option to upsize.

“The Bureau of the Treasury has the option to upsize, but our target right now is P3 billion and we can still continue the offering and get a higher volume,” Ms. De Leon said during Monday’s launch.

The debt papers carry an interest rate of three percent per annum to be paid quarterly and subject to a 20% final tax.

While there will be no maximum investment, a bondholder can have a maximum of 20,000 Premyo bond units worth P10 million per selling agent to qualify for the rewards scheme.

Eligible investors for the bond issuance includes individuals who have a local bank account, cooperatives, qualified associations such as nonstock and loans associations as well as trust entities, among others.

The bond offer period runs from Nov. 25 to Dec. 13.

“When subscription has reached a level deemed sufficient by the BTr, the BTr shall announce the termination and closure of the offer period through the BTr Web site or in any electronic financial information providers chosen by the BTr,” it said.

Selling agents for the transactions are BDO Unibank, Inc.; BDO Capital and Investment Corp.; Chinabank Corp.; China Bank Capital Corp.; Development Bank of the Philippines; First Metro Investment Corp.; Land Bank of the Philippines and Metropolitan Bank & Trust Co. — Beatrice M. Laforga

Iligan-based developer to build first township

The Freeman
Ehda Dagooc-July 17, 2019

CEBU, Philippines — Iligan-based company Kinmen Land Developer Inc. yesterday announced to develop a 20-hectare township in barangay Tamiao, Compostela, northern Cebu.

Kinmen Land, which is originally engaged in construction and hardware, decided to utilize its acquired properties in Cebu starting with the masterplanned township project that will be built in 17 phases in the next five to 10 years.

Kinmen Land president and chief executive officer (CEO) Bennett Palang said his company has been accumulating land bank in Cebu for its plan to enter into property development here.

Established in 2005, Kinmen Land Developer Inc. developed Iligan’s The Strip Mall at Pala-o in 2006.

This time, the company is determined to penetrate Cebu starting off with this integrated development project. The township will offer more or less 2,000 house and lot units set in townhouse with garden type, a ranch-setting destination, commercial outlets, and other facilities that will complete the live, work and play cycle.

Yesterday, Kinmen Land signed a memorandum of agreement (MOA) with the project’s execution consulting group, Estates + Frontiers Group, Inc. (EFG) led by Lydwena Eco to conceptualize the over-all masterplan.

EFG will manage the project as well as provide the end-to-end real estate services, from land acquisition, project conceptualization, execution, and sales to after-sales, documentation, project turn-over, and property management.

The sprawling township development is patterned after the successful integrated developments in the country such as the Ayala Land developed Nuvali Park in Sto.

Rosa Laguna, only that it will introduced its own identity.

Initially, Eco said the planning team is looking at dedicating the five-hectare for a ranch-type destination that will have a strip of log cabin diners, glamping facilities, horse back riding, and other leisure activities.

The riverside development is envisioned to be one of the first of its kind township developments in the Visayas.

Siquijor Beach Lot For Sale

Paliton, Siquijor Island

This beach lot has many plus:

  1. clean title
  2. clear access road from the main highway
  3. access to water supply
  4. 40 meters waterfront, west side facing marine sanctuary and Apo Island, rich coral reefs famous divers worldwide
  5. next to a developed  resort already- beside Danish Lagoon Resort-The Boracay of Siquijor

Total lot area:  9,100 square meter  Net of Road Access

PRICE:  Php30Million  Negotiable

 

Japan pledges 3.2-B yen in loans for Mindanao projects

BusinessWorld Online
February 22, 2019

JAPAN has pledged additional grants for the Philippines following a joint meeting held in Osaka this week, which include funding for train simulators as well as projects for healthcare and peace efforts in Mindanao.

In a statement, the Department of Finance (DoF) said the seventh leg of the Japan-Philippines Joint Committee on Infrastructure Development and Economic Cooperation held on Thursday yielded new loans and financial aid for the country.

Japanese officials have pledged a fresh 3.2 billion yen grant for peace and development projects in Mindanao, which came after the ratification of the proposed creation of the Bangsamoro region.

The fresh assistance will cover the following:

• 1.8 billion yen for the construction of Technical Education and Skills Development Authority training centers in the damaged city of Marawi, and the provinces of Basilan and Sultan Kudarat;

• 560 million yen for the provision of well-drilling machines and underground water detecting machines under the Economic and Social Development Programme;

• 200 million yen for the provision of livelihood assistance in agriculture and for fishers through the Food and Agriculture Organization;

• 300 million yen for the development of water facilities in the Bangsamoro region through the International Labor Organization; and

• 340 million yen for the provision of vehicles and equipment through the United Nations Development Programme.

This is on top of the $202-million loan for the Road Network Development Project in Conflict-Affected Areas in Mindanao, which is due to be signed soon after the two nations already exchanged notes for the credit line earlier this month.

Separately, Philippine Ambassador to Japan Jose Laurel and Japanese Ambassador to the Philippines Koji Haneda also signed the exchange of notes for a 1.2-billion yen assistance for train simulators to support the proposed Philippine Railway Institute. This is projected to train workers who will man the upcoming rail systems under the “Build, Build, Build” program.

Also discussed are feasibility studies for the Circumferential Road 3 Missing Link Project in Metro Manila and the Dalton Pass East Alignment Alternative Road Project. The Japanese leaders also said that they are considering a “possible supplemental loan” for the Davao City Bypass Construction Project, as requested by the Philippine government.

The two officials also signed a memorandum of cooperation for healthcare, as they look to set up facilities for universal health coverage, elderly care, disease prevention, maternal and child health services and sanitation.

President Rodrigo R. Duterte recently signed the universal healthcare law, which made all Filipinos mandatory members of the state-run Philippine Health Insurance Corp.

Mr. Dominguez said the joint meetings stand to improve cooperation and “facilitate project implementation,” with Japan currently the biggest donor to the Philippines via official development assistance.

“Our two countries have entered a golden age of our strategic partnership. In addition to government-to-government relationships, I hope the relationship between our private sectors would also be good,” Hiroto Izumi, Special Advisor to Prime Minister Shinzo Abe and leader of the Japanese contingent, was quoted as saying.

The Mr. Izumi said they will closely watch out for developments in the Bangsamoro Transition Authority, which will kick off the signing of grant agreements involving the new region in Mindanao.

Japan has so far extended P189.92 billion (398.82 billion yen) for local projects since June 2016. Nine loan agreements have been signed so far, which include phase two of the New Bohol Airport Construction and Sustainable Environment Protection Project, the Metro Rail Transit Line 3 Rehabilitation Project; the first tranche of the North-South Commuter Railway Extension Project, and the first phase of the Metro Manila Subway Project. — Melissa Luz T. Lopez

ARMM inaugurates Bangsamoro Museum

MARAWI CITY, Lanao del Sur, Feb. 5 (PIA) -– The Autonomous Region in Muslim Mindanao (ARMM) formally inaugurated the first Bangsamoro Museum on Feb. 4 at Shariff Kabunsuan Cultural Complex in Cotabato City.

The Bangsamoro Museum is a facility established under Executive Order No. 32 s. 2019.

It serves as a repository of artifacts, works of art, as well as textual and iconographic records relevant to the cultural memory of the Bangsamoro people in the ARMM.

Gov. Mujiv Hataman, who led the opening of the museum, said it was not easy for the regional government to put up the facility.

However, the assistance of a national curator and the competence of the workforce of the Office of the Regional Governor drove him to push for it.

He also noted the importance of the inauguration of the facility for ARMM and for the next generation.

The Bangsamoro Museum was organized under independent curator and institutional critic Marian Pastor Roces.

She said the purpose of its establishment is to collect significant stories of the Bangsamoro people through the exhibition of different artifacts from the region.

Roces said she admires the resiliency of the Bangsamoro people and this is the reason why during the conceptualization of the museum’s theme, her group collected objects that convey stories of courage and survival as their main value.

Curation is a process of organizing and managing artifacts to ensure that they remain tangible and visible for the years to come.

The Bangsamoro Museum has its permanent exhibition which presents artifacts from the different parts of ARMM that have existed for centuries.

Visitors can also appreciate the textiles produced by Maranao women during the Marawi Siege as means of survival, recordings of the Tausug Kissa-chanting of the Bud Dajo massacre, a personal library of Moro Islamic Liberation Front founder Hashim Salamat, and the 2,000-year-old archeological artifacts of Kulaman plateau, specifically burial urns.

Aside from the artifacts, the museum also has ample space reserved for receiving important documents in the future.

The museum currently exhibits documents related to the peace process, including the Bangsamoro Organic Law.

Along with the launching of the Bangsamoro Museum was the formal opening of the ARMM Regional Library which it has already been open to the public. (Bureau of Public Information-ARMM/PIA10)

Original source: https://pia.gov.ph/news/articles/1018114