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Showing posts with label features. Show all posts
Showing posts with label features. Show all posts

Thursday, November 5, 2015

Gov’t spends only 62% of ‘Yolanda’ rehab fund—DBM


Two years after Super Typhoon “Yolanda” brought devastation in the country, the Department of Budget and Management (DBM) admitted the government only has 62.5 percent of its rebuilding budget for affected communities.


In a statement, Budget Secretary Florencio B. Abad, said that a total of P93.87 billion has been released from 2013 to October this year to fund projects for Typhoon Yolanda-hit communities, way below compared with the estimated P150 billion budget needed for the rehabilitation in central Philippines.
“The scale of the damage is unprecedented. And given that it was unforeseen, the total amount needed for the reconstruction efforts is not something that can be accommodated within the Calamity Fund,” Abad said.
“So we needed to find various funding sources within the budget,” Abad said, adding that the government moved to implement various measures to source funds for Yolanda response.
Details of these fund releases and projects are now available on the DBM website, which will show the list of fund releases disaggregated per year and per implementing agency, Abad said.
“The DBM communicates honestly and openly at all times regarding the fund releases we make pertaining to programs and projects of the government,” Abad said.
“Here are the facts on how much public funds we have released for Yolanda projects so far and where we sourced them in the budget for the years 2013, 2014 and 2015,” he added.
Abad also said that a total of P46 billion is allocated for Yolanda projects in the proposed 2016 budget, adding this amount is composed of P18.9 in Special Purpose Funds and P27.3 billion lodged in agency budgets.
The amount of P18.9 billion is for the Yolanda Rehabilitation and Reconstruction Program (YRRP), the master plan to build back better infrastructure, livelihood support, resettlement, and social services.
This amount is part of the P38.9-billion National Disaster Risk Reduction Management Fund (NDRRMF), a Special Purpose Fund in the 2016 budget.
In addition to the P18.9-billion YRRP, the amount of P25.6 billion was lodged in the budget of the National Housing Authority (NHA) for the construction of housing units for Yolanda victims.
Meanwhile, the amount of P992 million was lodged in the budget of the Local Water Utilities Administration (LWUA) and the amount of P660 million was lodged in the budget of the National Electrification Administration (NEA) for the installation of water and power lines in Yolanda-hit communities and resettlement sites.
Source: http://www.mb.com.ph

Saturday, October 17, 2015

Still Homeless pa din..Yolanda Victims


TWO years after super-typhoon Yolanda devastated Eastern and Central Visayas in 2013, only 16,544 housing units out of 205,128 targeted for the typhoon victims – very much less than one-tenth – have been completed, the House of Representatives was informed at a hearing the other day.

 Pag ibig Help

The principal reason, the Pag ibig Loans said, was that less than half of the P61.2 billion earmarked for the undertaking had been released by the national government. The amount released was P26.9 billion, out of the total P61.2-billion budget for the project.

Funding was only part of the problem. The other part was delay caused by difficulties in purchasing land for the housing projects. This in turn was blamed on conflicting presidential directives on safety zones, unsafe zones, and no-dwelling zones, governing the sites for the projects.

The NHA officials said they hope to complete the 205,128 housing units by 2017, but Rep. Rodel Botocabe, chairman of the House Special Committee on Climate Change, said that at the rate the work is proceeding, that deadline won’t be met.

The Senate Committee on Planning, Housing, and Resettlement headed by Sen. JV Ejercito had also met to look into the issue. He said he understood the problems of the NHA, principally because of the funding. He appealed to the heads of the NHA and the other government agencies and officials involved in the typhoon rehabilitation program to consider the feelings of the survivors – for whom every day remains a struggle for survival – and to do everything possible to speed things up.

The Yolanda housing problem is actually only a small part of the overall housing shortage in the country where, according to the Chamber of Real Estate and Retailers Associations (CREBA), some 5.5 million families are still homeless. It expects the shortage to balloon to 6.5 million by 2030. But that calls for a separate undertaking that will take hundreds of billions of pesos and an extended period of time. The next administration can perhaps draw up a program for this.

Today, we must concentrate on the more immediate need to help the victims of super-typhoon Yolanda. It has been two years since over 6,000 people were killed in that calamity and thousands of families lost their homes and their livelihood. The plans to rebuild their homes were approved long ago. All possible means must be taken to complete them and end the ordeal of the homeless victims.
Source: Tempo.com


Friday, October 9, 2015

Cybercrime Law put to First Tests


     
THE country’s newly minted Cybercrime Law may soon be tested. Word on the street is that a mass housing developer is contemplating filing online libel charges against those behind what it calls “vicious Internet and social media attacks” on its projects.



While the developer—Pro-Friends—has yet to file what could be an important precedent-setting case against those using Internet platforms like YouTube, Facebook and Twitter to disparage it, the firm has already set the ball in motion.

Pro-Friends, in fact, won round one of its effort to combat a “syndicated effort” to destroy its reputation when the Regional Trial Court of Mandaluyong City issued a warrant for the arrest of several persons for grave slander and oral defamation.

Interestingly, one Biz Buzz source pointed out that there’s a force associated with the family of a realtor-politician behind the concerted attacks on Pro-Friends, so business rivalry could be the root of this issue.

If this is true, to whom does the hidden hand behind the defamatory campaign against Pro-Friends belong?

In fact, what Pro-Friends calls a “demolition job” against it has been going on for sometime now. The property firm believes it isn’t a spontaneous outpouring of protest by disgruntled clients, but rather a “well-funded and orchestrated by unseen hands who want to run the property development company to the ground so they can have a monopoly of the market.”

“The black propaganda campaign has been stretched by hiring ‘professional protesters’ to mount lightning mass actions complete with placards carrying libelous slogans against Pro-Friends,” said one source familiar with the reality firm’s side of the issue.

If rumors are to be believed, this developer politician has even used his political power to initiate investigations in both houses of Congress to pressure Pro-Friends, supposedly in a bid to cripple its marketing program—all while the politician’s firm pirated key marketing people of the beleaguered real estate firm to work in his own.

Luckily for Pro-Friends, it was thrown a lifeline and a vote of confidence by GT Capital through a capital infusion of P7.24 billion, with the announced interest to acquire a controlling 51-percent stake in three years. 

Source: Business Inquirer

Wednesday, October 7, 2015

Rent to Own House in Cavite MURANG READY FOR OCCUPANCY HOUSES SA TANZA


MURANG READY FOR OCCUPANCY HOUSES SA CAVITE
VIDEO: https://www.youtube.com/watch?v=0pz7Zmma5tA Only P10,000 Cash-Out Lipat Agad Promo! Plus FREE Motorbike pa! Tawag na! Hurry! Til Sept. 30 Only!
TAWAG NA. MESSAGE US NOW Viber / Whatsapp / IMO / Skype Globe: (+63) 927-386-6521 Smart: (+63) 919-948-6003 Sun: (+63) 932-860-8685
ANG HOUSING PROJECT NA BINEBENTA Village Name - Bella Vista Subdivision Location - Arnaldo Highway, Barangay Santiago, General Trias City, Cavite Type ng Bahay - 2-Storey Townhouse
MGA DETALYE NG BAHAY Lot Area - 50 sqm. ( inner unit). Floor Area - 53 sqm. (fixed ang sukat kahit malaki ang lote) Toilet & Bath - 1 (may floor tiles na at pintura. See photo) Car Garage - 1 (malaki ang lote sa harapan for future expansion) Bedroom - Provision for 2. (Walang partition or divider ang second floor para magawa ninyo ang gustong design.
BAKIT MAGANDA BUMILI SA BELLA VISTA? 1. Pinakamababang downpayment sa isang single home. Puedeng makalipat lipat agad in 4-5 months. 2. Guaranteed Flood-Free! (mataas ang location ng village kaya siguradong hindi babaha) 3. Guaranteed Earthquake-Fault Free! (Wala ding fault line) 4. May hospital, school at malaking mall na itatayo sa unahan ng Bella Vista.
SAAN BANDA ANG BELLA VISTA SUBDIVISION? Ang Location: Arnaldo Highway (formerly Sta. Clara), Barangay Santiago, General Trias, Cavite > 8.5 km. from The District Mall (E. Aguinaldo Highway). Mga 15 minutes ride. > 10.5 km. from SM Dasmarinas Pala-pala. Mga 15 minutes ride. > 26 km. from South Station, Alabang, Muntilupa City. Mga 45 minutes ride. > 34 km. from Mall of Asia, Pasay City. Mga 1 hour ride thru Tejero or Aguinaldo Highway. > 35 km. from NAIA Airport. Mga 1 hour and 15 mins. ride thru Tejero or Aguinaldo Highway.
ALAM MO BA? Makikita ang entrance ng Bella Vista subdivision thru Google Streetview Map. subukan mo.
MAGKANO ANG HALAGA NG BAHAY SA BELLA VISTA VILLAGE? Ang Total Contract Price - Php 1,008,000.00
SAMPLE COMPUTATION - TOWNHOUSE Total Contract Price - Php 1,008,000.00 (includes misc. fees & title transfer) Less: Reservation - 10,000.00
BALANCE LOANABLE TO PAGIBIG - Php 998,000.00
AMORTIZATION Inhouse amortization muna (3 months lang) - Php9,460.00 (hindi kasama ang insurance) Pag-ibig amortization (start after 3 months) - Php 6,908.00 (30 yrs to pay with insurance na)
MAGKANO ANG RESERVATION FEE? > Ang Reservation Fee ay Php 10,000.00 para sa lahat: Seaman or OFW or Locally Employed. > Kailangan bayaran ang reservation fee sa Cashier’s Office ng Developer para siguradong sa inyo na nakapangalan ang bahay.
EXAMPLE KUNG PAPAANO ANG PAGBABAYAD Eto ang babayaran mo kung ikaw ay Seaman, OFW or Locally Employed.
Halimbawa ikaw ay nagreserve ngayong buwan: Sept. 2015 - Bayaran ang reservation fee - Php 10,000 Oct. 2015 - Bayaran ang 1st Inhouse Amortization - 9,934.00 Nov. 2015 - Bayaran ang 2nd Inhouse Amortization - 9,934.00 Dec. 2015 - Bayaran ang 3rd Inhouse Amortization - 9,934.00 Jan. 2016 - Pag-ibig amortization na ang babayaran - 6,908.00 Feb. 2016 - Pag-ibig amortization na ang babayaran - 6,908.00 Mar. 2016 - Mar 2046 - Bayaran ang Pag-ibig Amortization hanggang 30 yrs. sa halagang Php6,908.00/ month
KAILAN MAKALIPAT SA BAHAY? 1. Estimated date na makalipat ay Nov. 2015 2. Kailangan lang maisubmit ang kompletong requirements within 7 days.
PAANO BUMILI NGA BAHAY SA BELLA VISTA VILLAGE? Step 1 - Kontakin kami para masamahan namin kayo sa pagbisita ng location. Magdala ng ID at 1 mo. Payslip or Job Contract at Billing ng Meralco or Maynila or Cable para ma-evaluate ang inyong gross income. Step 2 - Kapag nagustuhan ninyo ang bahay, pumili ng block at lot number. Step 3 - Maaring puntahan ang actual location ng Block and Lot No. na napili ninyo. Step 4. - Magfill-up ng Reservation Form sa Developer's Office. Step 4 - Bayaran ang Reservation Fee na Php10,000.00 sa Cashier's Office ng Developer. Step 5 - Isubmit ang complete requirements within 7 days. Step 6 - Mag-umpisang bayaran ang amortization pag natake-out na ang loan sa Pag-ibig. Tatawagan kayo ng Developer. Step 7 – Maari ng lumipat sa bahay. Step 8 – Maglaan ng Php7,000 para sa pag-apply ng Meralco at Php3,500 para sa tubig. Step 9 – Kung ang Meralco meter na i-aapply ninyo ay yong LOAD Type, walang bayad ang pag-install neto. Tubig installation na lang ang babayaran ninyo.
ANO ANG SASAKYAN PAPUNTANG BELLA VISTA? 1. May multi-cab mula The District Mall – Trece Martirez signboard. Php 25.00 fare. 2. May jeep mula sa EPZA Rosario, Cavite – SM Palapala signboard. Dadaan ito ng Bella Vista. Fare 25.00 3. May jeep mula sa SM Dasmarinas - Tejero. Dadaan ito ng Bella Vista. Fare 25.00 4. May multi-cab mula SM Molino to Trece Martirez signboard. Dadaan ito ng Bella Vista.Php 30.00 fare.
ANO ANG MGA DAANAN PAPUNTANG BELLA VISTA? 1. From Daang-Hari Road then Open Canal Road then turn left to Arnaldo Highway. 2. From Emilio Aguinaldo Highway thru Open Canal then turn left to Arnaldo Highway. 3. From Cavitex then left turn to Tejero straight to Arnaldo Highway. 4. From Governor's Drive,SM and Robinsons Dasmarinas then turn right to Arnaldo Highway going to General Trias.
ANO ANG KAILANGANG DALHIN PARA MAKAPAGRESERVE NGAYON? 1. 2 Valid ID 2. Billing ng Meralco or Cable or Maynila or PLDt. 3. Cash Php10,000 for Reservation Fee 4. Latest One Full Month Payslip or Job Contract or Vouchers or other Proof of Income 5. Proof of Billing tulad ng Meralco or PLDT or Cable or Maynilad or Credit Card Billing or Smart/Globe/Sun Billing.
ANO ANG MGA REQUIREMENTS NA KAILANGAN ISUBMIT AGAD? (To be submitted within 10 days from Reservation Date)
For OFW, SEAMAN, LOCALLY EMPLOYED: 1. 6 pcs. 1x1 ID pictures 2. 2 Gov’t. Issued Valid ID ng Mag-asawa 3. Birth Certificate (If Single) or Marriage Contract (If Married) 4. Proof of Income - (Job Contract or Certificate of Employment w/ Compensation or Payslips or Income Tax Return -ITR) 5. Proof of Billing - (Electric or Water or Phone or Internet or Cable or Credit Card Bills) 6. Post Dated Checks - (PDC)
PAANO KUNG KULANG PA ANG MGA REQUIREMENTS? 1. Puedeng to-follow na lang ang ibang requirements.
PAANO KUNG WALANG CHECKING ACCOUNT? 1. Tutulungan kayo ng developer na maka-open ng checking account sa MAYBANK. 2. Kailangan ang mga requirements na ito: 2 Valid ID 2pcs 1x1 picture Proof of billing ng Meralco or PLDT or Cable or Maynilad or Credit Card Billing or Smart/Globe/Sun Billing. 3. Kung hindi nakapangalan sayo ang bill ng Meralco or PLDT or Cable or Smart/Globe/Sun Billing, humingi lang ng CERTIFICATION mula sa may-ari ng bill na magpapatunay na ikaw ay nakatira sa address na ginamit mo sa pagkuha ng bahay.
SINO ANG DEVELOPER / OWNER NG BELLA VISTA? > Developer/Owner: 8990 Holdings, Inc./Deca Homes > Established: Since 2005 > Developer's License to Sell No. 22920 > Developer's HLURB Registration No. 07909 > Developer's Website: http://8990housing.com/project/bella-vista/ > Developer's Awards: http://8990holdings.com/awards.html > Developer's Videos: http://8990holdings.com/videos.html
TAWAG NA! Kung Hindi Ngayon, Kailan Pa? Viber / Whatsapp / IMO / Skype Globe: (+63) 927-386-6521 Smart: (+63) 919-948-6003 Sun: (+63) 932-860-8685 Website: www.filprimehomes.com Email: filprimehomes@yahoo.com Real Estate Broker License No.: 0020499 Member: Las Pinas City Real Estate Board, Inc. (LPCRB) Member: Philippine Association of Real Estate Board, Inc. (PAREB - Las Pinas Chapter) HULRB Registered
'Bakit Nangungupahan Ka Pa, Kung Puede Namang Magkabahay Na?"
REMINDER: Kung sa amin kayo mag-inquire, Guaranteed FREE ang tripping, house viewing, sample computation, consultation, advise, documentation at inspection assistance hanggang sa makalipat kayo sa inyong bahay.
For your peace of mind in your investment, always deal with a PRC licensed real estate broker. Nakakasiguro kayong protektahan ang inyong investment. Have a nice day and God bless.!

Tuesday, September 8, 2015

Maganda at Di- Maganda sa Real Estate Investments


Real estate is like gambling - It is suitable for almost everyone and everyone loves it. It gives a better living standard to some and on the other hand the risks take you on a roller coaster ride. It makes or ruins lives. People are skeptical about investing in real estate as they believe that investing in real estate is a sure shot recipe for disaster. But, after careful observation and learning about real estate investments, you might find quite the opposite.




There are both the possibilities with real estate and it depends on many factors. Let me discuss the advantages and disadvantages of this buisness which will give you a better ideas before investing your money.

The advantages of real estate are:-

1. Income stream: - The best way to earn quick money is investing in real estate .It is a secure path to choose which gives you huge benefits. Investment in real estate is good and rental property is in great demand, so through renting property, you can earn money in no time.

2. Secure: - It is very secure to choose real estate because real estate there are not many risks that one needs to handle - like in other businesses .No other business will give that much opportunity.

Investing in real estate is secure because the value does not tend to fluctuate as much as other assets such as stocks and bonds. However, this does not mean that the investor will always break even or earn a profit on their investment. But, the thing about real estate is that once you have a property in hand, you will not need to be worried that its value will change anytime soon.

3. Two ways to earn: - There are two tricks to earn in real estate. As a smart investor, you can own rental houses and rent them out. Then, hopefully you are collecting the differences in your rents and your expenses as profit.

In addition to profiting from renting out your properties, you are also benefiting from its gradual increase in value. So, it is a win-win situation for you at each level.

4. Real Estate Investments are Less Risky: - Without a doubt, real estate is less risky than other investments. Once, the investment done everyone have the fear of losing their money in other businesses. But, real estate investment is a one-time thing which will ensure results even after long periods of time. One just needs patience. Because, the longer you kept your property, the more you will get good amount of benefits and deals. Risk is there in every business. Real estate is less risky because you have to focus on smaller factors which are not at all risky.

The steps which must be follow before investing in real estate:-

Plan it out: - Everything with a plan will always give you a better ideas of benefits.

Suggestion:-Ask for suggestion from an experienced person in real estate investment.

Never hesitate:-Never hesitate to take chances and risk .Because real estate is a game of chances. If you hesitate to take chances you might lose the opportunity to earn big.

Expert advice: -There is always a need to take expert advice before taking any decision. It will always help you to take fast and beneficial decision.

VALUE:-You need to give value to your work money and time. Real estate is based on all of these three factors to get more benefits and earn a good amount of money.

Research:-Before selling or investing in real estate, it's a good idea to search online market about the best value of the place. Do your homework before investing in real estate.

The disadvantages of real estate are:-

Maintenance: - It requires time for maintenance, repair etc. if you have purchased a not so well piece of property. It always seems to be different than what you had planned.
Legal difficulties:-Investing in real estate is easy .But you need to be fully aware about the rules and regulations issued by the government of your country.

3. Property Taxes:-If you want to invest in real estate, taxes is going to be a headache to you. Because the taxes varies on rural and urban areas, it really effects your profit. So awareness about the taxes will be a real life saver.

4. Involvement of Time and money: - Real estate needs a big amount of money for investment and demands attention to property. It sometimes needs more efforts to sell a property with greater benefit. It needs TIME. Real estate Investment is easy to make, but for more benefits and better results it needs your patience. It is sometime costly to manage re-selling and owning a property.

Conclusion: -The only tough part in real estate is that it requires a huge investment of your time and money. Real estate is risky only if you neglect doing a little research on the official government rules and research on the value of your property.

If you want real benefits in real estate, you need to play the game. Every business is like gambling and there is fear of losing. But in this buisness that fear factor is next to nothing and benefits of it are really high. So, make the smart choice and invest in real estate TODAY!
Source: Sooperarticles.com

Wednesday, July 8, 2015

5 Ways for OFW to Invest in the Philippines


Most will find themselves putting their money in small businesses that their families can run in their stead; others will start savings accounts and allow the money they deposit to earn interest. There are other ways to grow one’s hard-earned money, such as investing.

Some people find the idea of investing daunting. The most common reaction is:  “Don’t you have to study the stock market to get anything done?” There is a certain degree of studying that comes with investing, but there are a number of investment platforms available to the average OFW that are tailored fit to one’s risk profile.

A risk profile determines how aggressive someone is in making an investment, or one’s risk appetite. The first thing anyone wanting to start an investment portfolio should do is to answer a suitability assessment questionnaire. This will determine what kind of investment vehicle best applies to him.
The kind of investment vehicle you choose depends on the amount of money you are willing to risk.

There are several ways to start your investment portfolio, and here’s five:

Real estate
This type of investment isn’t necessarily unusual, but leans more toward preparing for a future home, or a place where to put up a business. This form of investment requires a higher amount of money to start with as opposed to say, mutual funds. The money invested in real estate generally means having enough to make the payments for the land that you have purchased, and the lower the interest rate, the better.

What may eventually earn money from investing in real estate is the way land use changes over the years. One can acquire property through the Register of Deeds, but make sure to check the land title for encumbrances (mortgage, debts, and the like).

These are just some of the ways that OFWs can invest in the Philippines. They take a certain amount of patience and research before picking your investment vehicle.

Just remember to always invest according to your investment objectives, time frame and risk tolerance. Make sure that you also diversify your investments.

Mutual funds
Investing in a mutual fund appears to be the simplest of the options. This type of investment takes most of the work out of your hands and places it in the very capable hands of fund managers. Their job will be to grow the money you invested, without you having to monitor it constantly.

Here’s a list of mutual fund investments that you can try: ATRKE Alpha Opportunity Fund, ATRKE Equity Opportunity Fund, First Metro Save and Learn Equity Fund, Philam Strategic Growth Fund, Sun Life Prosperity Philippine Equity Fund, Soldivo Funds, ALFM.

Stock investments
Investing in publicly traded stocks requires a certain kind of aggression and some research. Buying stocks basically means becoming a shareholder in a publicly traded company. Being a shareholder means you own part of the company, but only so far as much stock that you own in said company. The bigger your stock, the more you can participate and the more you earn, depending on the company’s performance.

Getting started requires opening an account with a broker, and here’s a list of online stockbrokers accredited by the Philippine Stock Exchange: AB Capital Securities Inc., Abacus Securities Corp., Accord Capital Equities Corp., Angping & Associates Securities Inc., BPI Securities Corp., COL Financial Group Inc.,Yap Securities Inc., First Metro Securities Brokerage Corporation, RCBC Securities Inc. and Wealth Securities Inc.

Unit Investment Trust Fund (UITF)
This form of investment involves holding a certain amount of money in trust as part of the investment made. It shares a similar structure as that of mutual funds in the aspect that your money will be managed by fund managers. This is usually offered by banks and differs from mutual funds in the sense that it involves per unit investment, as opposed to shares in a mutual fund.

Here’s a partial list of banks that offer UITFs: Metrobank, BDO, Union Bank, BPI, PNB, Chinabank, Security Bank, EastWest Bank.

Bonds
Given the propensity of OFWs to save their money in bank accounts, an investment vehicle that may also be available to them comes in the form of bonds. This form of investment is generally offered by large corporations and government offices (retail treasury bonds) as a means of raising funds by borrowing from the public. They have fixed maturity dates.

Here’s a few banks that also sell bonds: PNB, BDO, BPI, Metrobank
Source: Inquirer.net




Friday, May 22, 2015

How safe is your house?


Now you can check for yourself whether your house, or planned house, lies along or near an active earthquake fault line in Metro Manila.

The Philippine Institute of Volcanology and Seismology (Phivolcs) has made public updated and detailed maps that trace the 100-kilometer West Valley Fault traversing parts of Metro Manila and the adjoining provinces of Bulacan, Laguna, Rizal and Cavite.

This active fault line system has the potential of generating up to a 7.2-magnitude earthquake that can devastate the capital and nearby provinces.

The product of two years of work by a small team of Phivolcs geologists, the 120-page book titled “Valley Fault System in Greater Metro Manila Areas Atlas” has a total of 33 maps for the 19 cities and municipalities transected by the fault line.

Phivolcs produced 22 map sheets for Metro Manila on a 1:5,000 map scale, 10 map sheets for Laguna and Cavite on a 1:10,000 scale and one map sheet for Bulacan and Rizal on a 1:50,000 scale.

The scale refers to the ratio between the distance on a map and the corresponding distance on the ground. On a 1:5,000 map scale, 1 centimeter on the map equals 50 meters on the ground.

Phivolcs Director Renato Solidum Jr. said the agency updated the maps of the fault line because the last maps it issued for Metro Manila in 2000 provided only a bird’s eye view, with a 1:10,000 map scale, that most people found it hard to locate their homes relative to the fault line.

The new maps for Metro Manila have a 1:5,000 scale so they show the subdivisions and roads relative to the fault line and fissures.

“You can actually see the streets,” Solidum said during the official book launch on Monday.
Due to limited production, copies of the atlas would be given to affected local government units (LGUs) and state agencies but Solidum said the public can download the maps from their website www.phivolcs.dost.gov.ph.

“You can use this if you want to know if you are near a fault. It’s good to have this data out to the public to let them know about (earthquake risks),” he said.

New fault traces

He said the new survey discovered new fault traces aside from those previously mapped.
Since there is no early warning when or where an earthquake occurs, Phivolcs has been calling for public preparedness through earthquake drills and contingency plans and checking the structural integrity of homes and buildings.

In the 2013 bulletin, Solidum said the projected risk analysis for a 7.2-magnitude earthquake in Metro Manila and five Rizal provinces was 37,000 fatalities, 140,000 serious injuries and total economic loss of P2.5 trillion with 11 million square meters of floor area severely damaged.

A total of 8,200 people were killed in Nepal in a 7.8-magnitude earthquake on April 25 and a 7.3-magnitude on April 16, according to wire service reports.

Phivolcs geologists literally walked the danger zone to validate the fault traces, which could be as narrow as less than a foot wide to up to several feet wide.

However, the maps for Laguna, Cavite, Bulacan and Rizal were still of the bird’s eye view kind since the National Mapping and Resource Information Authority did not have detailed base maps for them.

As expected, Solidum said many areas along the fault line had already been settled.

Danger markers

He said it was the task of LGUs to inform the affected residents and not allow further property development in places at risk.

Phivolcs recommended that the area at least five meters from either side of the fault line should be cleared of any development.

But of the 19 concerned LGUs, only Quezon City, Pasig City and Makati City have coordinated with Phivolcs to put markers or signs along the fault line.
“We encourage local government units to put the markers,” Solidum said, adding it was not Phivolcs’ job to put these up.

“It’s very important for LGUs to make sure houses and buildings are not located on active faults,” he said.

He said the geologists found no major commercial sites, no high-rise buildings and condominiums or hospitals sitting on the fault line.
Parts of the South Luzon Expressway show fissures but the highway does not run along a fault line, he said.

Permits for developers

Fewer than 10 schools have been informed that they are in the danger zone, Solidum said.
“We told them they can use the buildings but they should not let their students use them. It’s up to DepEd (Department of Education) to check whether that’s followed,” he said.

Antonio Bernardo, chief executive officer of the Housing and Land Use Regulatory Board, said the agency did not give permit to housing developers unless their project sites had been certified by Phivolcs to be far from the fault line.

But Solidum said Phivolcs could only check on the planned housing or business site if their developers apply for clearance. “If they don’t ask, we won’t be able to know about it,” he said.

“There should be someone (from the local government office) closely monitoring the actual construction,” he added.

The 100-km West Valley Fault traverses 18 cities and municipalities: Quezon City, Marikina City, Makati City, Pasig City, Taguig City and Muntinlupa City; Doña Remedios Trinidad and Norzagaray and San Jose Del Monte City in Bulacan; Rodriguez municipality in Rizal; San Pedro City, Biñan City, Sta. Rosa City, Cabuyao City and Calamba City in Laguna; and Carmona, General Mariano Alvarez and Silang in Cavite.

The other segment of the Valley Fault System, the 10-kilometer East Valley Fault which can generate up to a 6.2-magnitude earthquake traverses Rodriguez and San Mateo in Rizal.
Phivolcs said in the last 1,400 years, the West Valley Fault had moved on an interval of every 400 to 600 years. The last earthquake in the area occurred in 1658, or 357 years ago.

Strongest earthquakes in PH recorded history

Name of earthquake———-Date  Magnitude
Panay Island —————Jan. 24, 1948     8.3
Southeast Mindanao———–April 14, 1924    8.3
Moro Gulf ———————–Aug. 15, 1918     8.1
Moro Gulf ——————–Aug. 17, 1976     7.9
Luzon Earthquake —————- July 16, 1990     7.9
Casiguran Earthquake ————Aug. 2, 1968      7.3
Bohol Earthquake—————–Oct. 15, 2013     7.2

Source: www.phivolcs.dost.gov.ph
             http://newsinfo.inquirer.net/

Wednesday, May 6, 2015

Tips when Buying Real Estate in the Philippines


Guide when Buying Real Estate in the Philippines

This is the standard sharing of expenses between the buyer and the seller when transferring the real estate property title (TCT - Transfer Certificate of Title or CCT - Condominium Certificate of Title) to a new owner:

The SELLER pays for the:

Capital Gains Tax equivalent to 6% of the selling price on the Deed of Sale or the zonal value, whichever is higher. (Withholding Tax if the seller is a corporation)
Unpaid real estate taxes due (if any).
Agent / Broker's commission.

The BUYER pays for the cost of Registration:

Documentary Stamp Tax - 1.5% of the selling price or zonal value or fair market value, which ever is higher.
Transfer Tax - 0.5% of the selling price, or zonal value or fair market value, which ever is higher.
Registration Fee - 0.25% of the selling price, or zonal value or fair market value, which ever is higher.
Incidental and miscellaneous expenses incurred during the registration process.

The above sharing of expenses is the standard practice in the Philippines. However, buyers and sellers can mutually agree on other terms as long as it is done during the negotiation period (before the signing of the "Deed of Sale").

The "Deed of Sale" or "Deed of Absolute Sale" is the document showing legal transfer of real estate property ownership. The deed of sale is then taken to the Registry of Deeds to be officially recorded after paying the documentary stamp, transfer tax and registration fees. Always verify from the Registry of Deeds the authenticity of a Transfer Certificate of Title before buying a property. If the seller only has a tax declaration, be extra cautious and check with neighbours, the Barangay captain or anyone in the know in the community to verify the seller/owner's true identity and the property's history.

Your Agent / Broker will usually do the registration process (sometimes for a fee). However, all government taxes, transfer fees and incidental or miscellaneous expenses will be shouldered by the buyer.

Documents needed when transferring the title (TCT or CCT) to the new owner:
Certified true copy of the title
Notarized copies of the Deed of Sale
Latest tax declaration of the property
Certificate from the Bureau of Internal Revenue that the capital gains tax and documentary stamps have been paid
Receipt of payment of the transfer tax and registration fees

An adapted form of the "Torrens" system of land registration is used in the Philippines. The system was adapted to assure a buyer that if he buys a land covered by an Original Certificate of Title (OCT) or the Transfer Certificate of Title (TCT) issued by the Registry of Deeds, the same will be absolute, indefeasible and imprescriptible.

Friday, March 13, 2015

Manila, Philippines is the best place to be an expat


Forget Singapore, forget Hong Kong. Manila is the best place to be an expat – and 12 expats will tell you why.

We’ve all heard that Manila has increasingly become a center of economic growth and foreign investments, and with great foreign investments come a great number of friendly neighborhood expats. In 2010, the NSO stated that almost 200,000 foreigners were living in the Philippines. Now I don’t know what the current number is, but based on observing the pedestrians of Makati for the past year, I would boldly say that 2 out of 20 pedestrians are probably not Filipino.
A lot of people might ask – why is Manila the best place to be an expat? There are so many opportunities for expats in the urban jungles of Singapore and Hong Kong. Well, we talked to some expats from the Netherlands, from America and even all the way from Colombia who all settled down in the Philippines once they saw the great opportunities here. After reading what they say below, you might be asking yourself – why not Manila?
Jacqueline Van den Ende, Managing Director of Lamudi Philippines
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Van den Ende, from the Netherlands, arrived in the Philippines in 2013 as the managing director of Rocket Internet’s Lamudi, their online real estate marketplace. Since she’s arrived, she can’t imagine being anywhere else. She often travels around the Philippines and goes surfing for weekend escapes, but loves living in the cosmopolitan city of Manila.
“Manila is a great destination for expatriate employees,” she said. “Cost of living here is not very expensive unlike Hongkong and Singapore, though the city provides a quality of life that’s comparable to Bangkok or Jakarta.”
Van den Ende believes that one of the best attributes of Manila is its openness to different cultures as well. “It will be easy for expats from all types of backgrounds to settle in Metro Manila. Filipinos are world renowned for their hospitality and their friendliness is definitely unlike anything I’ve ever experienced.”
Mauro Cocchieri, Managing Director of foodpanda Philippines
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Cocchieri comes from Italy, a country known for its great cuisine and accommodating people.He worked at Lazada before becoming the managing director of foodpanda, an online food delivery platform.
Despite his country’s solid culinary reputation, he claims that the Philippines has amazing food and amazing company which goes hand in hand. “The people are very accommodating and they go out of their way to help you. The food, hands down, is one of the best I’ve had.”
Cocchieri, however, cannot help but crave for some homegrown Italian food from time to time. When asked if he often orders through foodpanda he said, “Of course! With my busy schedule, it always pays to have an alternative.”
David Margendorff, Co-Founder & Chairman, PawnHero Philippines
Our third European on the list, Margendorff hails from Germany.
He praises Filipinos for their fun culture and hospitality, but emphasizes that Filipinos are some of the most ambitious and talented professionals he’s ever met. Margendorff is starting PawnHero this year, and he’s chosen Manila as the first city to launch it in. He is currently working with a local team.
PawnHero will be the first online pawnshop in Southeast Asia. Margendorff promises to give Filipinos a cheaper alternative to existing pawnshops which charge extremely high interest rates. “We want to solve the problem of expensive credit for consumers who might not be able to afford it,” he says.
Margendorff has lived in 7 countries for the past 6 years, but he eventually chose to settle in the Philippines. He plans to stay here long-term, mainly because he can see how much impact he can create through PawnHero.
Jimmy Cassells, CEO of Spiralytics
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Cassells is from the United States. He’s been in the Philippines since 2005, and he is one of the minds behind the quick growth and expansion of online fashion marketplace Zalora. 2 years ago, he started his own company called Spiralytics, which provides a range of services in digital marketing to some of the biggest brands in the Philippines.
“I love the Philippines!” Cassells begins, “People are so warm, embracing, endearing, and the culture here is wonderful. At work, the team becomes good friends with each other. Everyone definitely feels like they’re part of the ‘barkada.’”
Cassells also exclaims that the tech community here in Manila is exploding with brilliant startup minds. He continues by saying that not all startups are destined for success, but when startups fail, there is still a very low cost of failure when you start in the Philippines. He states, “Failure in the US often means millions of dollars. Here, you can cut that by a factor of 10.”
He also loves the nightlife, the weather, and the beautiful beaches and unlimited dive spots of the Philippines. His favorites include the Tubbataha marine sanctuary, Malapascua for thresher sharks, and Coron for the sunken Japanese WWII warships.
When asked if there was anything else, he said, “Yes! Four months of Christmas which leads up to one of the most amazing fireworks displays in the world. It’s more fun in the Philippines!”
Ezra Ferraz, Chief Content Officer at Zipmatch.com
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Of Filipino heritage, Ferraz taught writing for three years at the University of Southern California and grew up in the US. He moved to the Philippines not very long ago, and writes for Rappler. He currently works at Zipmatch, another online real estate marketplace. He’s interviewed almost every Filipino entrepreneur you can think of, including Erwan Heussaff, and he believes that the Philippines is definitely a great place to pursue business.
Ferraz explains that the entrepreneurial sector in the Philippines is still a small community. “It’s much easier to meet the entrepreneurs changing X industry or Y space because there are relatively few of them, compared to what you might find in another city of similar size.”
“You are never really more than one or two degrees away from someone you’d like to meet,” he adds, “And due to the overwhelmingly friendly culture of the Philippines, other entrepreneurs generally welcome you with open arms.”
Farouk Meralli, CEO of mClinica
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Farouk Meralli is a 28-year-old Harvard School of Public Health graduate who worked in strategy and management for major pharmaceutical companies Roche, Johnson & Johnson and Pfizer before finally becoming an entrepreneur. He founded mClinica, the largest pharmacy network in the country with a growing network of over 1,400 pharmacies and access to over 20 million customers.
He chose the Philippines as their launch market for mClinica because it provides an interesting test environment for creating truly global products. “The Philippines represents a fascinating intersection between the East and the West. Due to its cultural and political history, one can identify behavioural norms and practices that fit both Eastern and Western paradigm,” he said.
After launching in the Philippines, mClinica is expanding to several emerging markets after leveraging on their experiences in the country. Meralli insists that while he is based in their Singapore headquarters and travelled in many Asian markets, the Philippines is undoubtedly his favorite. To him, it represents the best of both worlds.
Robin Leonard, CEO and Co-Founder of AllFamous Digital
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Five years ago, Robin Leonard moved from New Zealand to the Philippines to start working at IBM before finally starting his own company, AllFamous Digital.
Leonard told us that coming here alone was no problem and not difficult. “Within weeks I had a big group of Filipino and foreigner friends and colleagues that were very welcoming. Culture at work is very family oriented.”
Working culture in the Philippines is not what Leonard is used to back home – and he means this positively.
“Getting people onboard requires one on one lobbying, not big meetings. Laughter is commonplace and gangs or “barkadas” form between staff, often resulting in life-long friendships, which is a good thing. As a foreigner you need to accept that you will sing karaoke, and over time you will learn to give it your all when Hotel California plays.”
According to Leonard, the Philippines also serves as a great place to work because business is done in English. However, he admits that he’s earned a couple of ‘brownie points’ with Filipinos by learning a few keywords in Tagalog.
“It often creates a giggle or surprise if you drop a Tagalog word here and there,” he adds.
Leonard leaves us with a couple of wise words for future expats who want to start their business here: “Crack the big city lifestyle of Manila and you’ll find that it is a gold mine of opportunity, especially for the “expatrepreneur.”
Joost Boer, VP of Operations at Gourmet Society Philippines
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Joost Boer comes from the Netherlands, a country known for its liberal capital Amsterdam, but also widely renowned for its cold, rainy weather throughout the year. After arriving in the Philippines, where there is year-round sunshine, warm people, and a stunning array of islands according to Boer, it’s no wonder that he immediately considered establishing himself here long-term.
“You’ll find no country in Southeast Asia where the culture is so welcoming towards foreigners and where the level of English is this well-developed. From a more business-centric perspective, this has a profound impact on the ease of communication with your co-workers as well as on conducting business development,” he adds.
He continues by praising the business outlook and directional perspective of the Philippines. “Here, you’ll find yourself on an upward curve, and the overall levels of optimism are high. This is a far-cry from life in Europe, where the outlook on life over the years has more and more slanted towards pessimism.
Boer concluded by saying that he strongly recommends his fellow foreigners to consider making the move to the Philippines as well.
Daniel Torres, Managing Director of Easy Taxi Philippines
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Daniel Torres comes from the exciting Latin American city of Bogota in Colombia. He’s been here in the Philippines for a little over a year and he says that Filipinos have been very welcoming since his first day.
“I’ve been amazed and pleasantly surprised by the warmth and helpfulness of Filipinos. Metro Manila has so much to offer in terms of food, cultural diversity and affordable yet high quality living. You’ll always find something new, which makes it a fun city to explore and rediscover.”
Torres also adds that there are a lot of nearby getaways like Puerto Galera, Tagaytay and Sagada, which easily gives people the opportunity to take a break from the fast paced metropolitan.
As the managing director of Rocket Internet’s Easy Taxi Philippines, Torres is happy to contribute to make a better Manila, by improving its transportation system, reducing traffic, and make it safer for everyone.
Henry Keppler, Managing Director of Kaymu Philippines
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Henry Keppler is also from Germany, and he just arrived in Manila a week ago. Although he’s been here very briefly, he already feels that Manila has huge potential for fast growth. Kaymu, launching soon, is another Rocket Internet venture.
Keppler felt the trademark Filipino hospitality. “I immediately felt connected to locals. Their genuine openness and interest in what I do and why I’m here pleasantly surprised me. Compared to other Asian countries, they are very open!”
Launching new ventures may be difficult to do in a new country, especially when it is critical to have low resistance from potential customers. Keppler feels that Filipinos are willing to try out new products, and he is definitely excited to learn more about the city and its different characteristics.
Dip Ghuman, CEO of Near
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Dip Ghuman worked at Google and Lonely Planet before joining the entrepreneur world. He believes the Philippines market is a sleeper – slowly building steam, quietly, ready to pounce on an unsuspecting world economy.
“With the world so focused on Silicon Valley, China, Japan, Europe, etc – no one is looking at the Philippines. Here’s why they should,” he begins.
According to Ghuman, one of the first things that caught his attention about the Filipino market was that 60% of the population in the Philippines is younger than 20 and that was coupled with GDP growth of 6%+ YoY. Because of these facts, he views the Philippines as a representation of the next financial boom in Asia.
“There is a growing Westernized middle class who speaks perfect English, and this makes the country an ideal springboard to launch your business in Asia. Barring corruption, the Philippines has a small window of opportunity to return the country to its pre-World War 2 status as the ‘Pearl of the Orient,’” Ghuman adds.
Ghuman says that he’s started two businesses within two years, the latter of which is launching in March 2015 in Manila. “I got on that plane a year and a half ago to start my California wine business, but now I’m focusing on a new hyperlocal mobile messaging app, Near.”
Ghuman concludes, “Manila is the social media and selfie capital of the world – there is nowhere better for me to be than right here, right now.”
Bryce Maddock, CEO of TaskUs
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Bryce Maddock arrived in Manila in 2009 from the United States. He had just started TaskUs and was determined to connect rapidly growing American startups with incredible talent at prices that would enable them to scale. He found what he was looking for in the Philippines.
“When we just started TaskUs, I wouldn’t have been able to find the Philippines on a map if you asked me. We went on a search for affordable talent to support our friends’ startups. We hired people in 16 different countries, but were consistently impressed by the results and work that Filipinos were delivering. We were so impressed, that we opened our first office here, in Bacoor, Cavite and have not looked back since.”
Today, Maddock has 1,600 employees and counting. TaskUs is the secret behind the rapidly growing customer support and back office operations for startups like Tinder and HotelTonight.
“Almost all of today’s most successful startups depend on the talent that exists in the Philippines. Simply put, it’s the people. The people of the Philippines are some of the kindest and most talented people on the planet. Historically, the country exported its people as OFWs. But today a homecoming is happening,” says Maddock. “The next decade is going to be very exciting as talent repatriates and reinvests in the country.”
It’s time for the balikbayan to come back for good.
One of the Philippines’ biggest exports is its own people. Everyone was leaving to work abroad because they believed there was no opportunity for them here. All that amazing talent went into making prosperous countries even more prosperous.
Today, we should acknowledge that that is no longer true. The best opportunities for business are here in the Philippines. Foreigners are flocking here to start their businesses in the perfect Asian beta market. They happily leave their first world countries for what the Philippines has to offer.
We, as Filipinos, should all find it in ourselves to see the beauty of our country the way they do; to finally discover the diamonds that have been waiting to be found for decades.
SOURCE: https://www.kalibrr.com/advice/2015/02/why-manila-is-the-best-place-to-be-an-expat/