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Philippines - a viable investment and retirement destination

In this blog, we will endeavor to provide information regarding the Philippine economy, investment, tourism and real estate in general and also in owning, selling, renting or leasing out properties in particular. Also posted are independent articles that the website administrator feels can help investors and retirees understand why the Philippines is a viable investment or retirement destination.

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RESA Bills Senate No. 2963 and House No. 3514 is now REPUBLIC ACT NO. 9646 signed by PGMA last June 29, 2009. Official Publication was made last July 15, 2009 at Phil. Daily Inquirer, page B-10 of the Business Section and after 15 days from date of publication or on July 30, the RESA law now becomes effective. Deal with licensed brokers only. Better still, deal with a Realtor ®.

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Philippines can survive global economic crisis - IMF
MANILA, Philippines - Multilateral lender International Monetary Fund (IMF) believes the Philippines has the capability to survive the impact of the fragile economic growth in advanced economies led by the US as well as the sovereign debt crisis in Europe. Read More...

Posted Tuesday, November 08, 2011 8:45 PM by Odilon "Ody" dela Merced | 2 Comments

Business leader cites 5 reasons why Philippines can become next Asean tiger
By: Doris C. Dumlao Philippine Daily Inquirer MANILA, Philippines—The Philippines has a fresh opportunity to be Asia’s next tiger economy, potentially regaining the glory lost decades ago, according to a visiting regional business leader from Read More...

Posted Monday, September 26, 2011 9:09 PM by Odilon "Ody" dela Merced | 0 Comments

'Three ASEAN neighbors and their constitutions' - (Part VI) - Enrile-Belmonte initiative
By: Gerardo P. Sicat Let us examine more specifically the political constitutions of three of our closest neighbors in ASEAN: Indonesia, Malaysia, and Thailand. These economies have managed impressive economic performance over time. “Investment Read More...

Posted Wednesday, August 17, 2011 12:02 AM by Odilon "Ody" dela Merced | 2 Comments

Philippines an ideal investment site
August 14, 2011, 8:00am MB, MANILA, Philippines — Two factors – skilled workforce and competitive labor cost – account for investors’ choice of the Philippines as an ideal investment site. Many foreign companies reportedly prefer Read More...

Posted Sunday, August 14, 2011 10:59 AM by Odilon "Ody" dela Merced | 0 Comments

Understanding the Charter change issue
By: Dr. Bernardo M. Villegas Filipinos living abroad—either as permanent residents in their respective host countries or OFWs—are still perplexed about previous efforts to amend the Philippine Constitution of 1987. What many of them recall Read More...

Posted Saturday, August 13, 2011 12:06 PM by Odilon "Ody" dela Merced | 0 Comments

A 2020 Vision for the Philippine Economy (Part II)
By Dr. Bernardo M. Villegas INQUIRER.net First Posted 08:59:00 01/09/2011 MANILA, Philippines—In the power sector, non-oil sources of energy will account for 70 percent or more of power generation, especially geothermal, natural gas, coal, biomass, Read More...

Posted Saturday, January 22, 2011 6:09 AM by Odilon "Ody" dela Merced | 2 Comments

A 2020 vision for the Philippine economy, Part 1 by Dr. Bernardo Villegas
By Dr. Bernardo Villegas INQUIRER.net First Posted 13:17:00 12/14/201 MANILA, Philippines—For whatever it is worth, I have a vision for the Philippine economy for the year 2020, a decade from now. I do not claim that it is as an accurate a vision Read More...

Posted Sunday, December 19, 2010 4:56 PM by Odilon "Ody" dela Merced | 0 Comments

Remittances seen to grow by 10% in Q2
Remittances seen to growing by 10% in Q2 BY JIMMY CALAPATI Think-tank First Metro Investment Corp. (FMIC) yesterday said that OFW remittances are likely to grow between 8-10 percent for the second quarter, but must offset the expected slowdown in foreign Read More...

Posted Wednesday, April 07, 2010 2:17 AM by Odilon "Ody" dela Merced | 0 Comments

Home run after May 2010 election
Everything seems to be on hold for prospective investors in the Philippines because of the coming elections. But to me this election will probably be the start of the most exciting years of my life as a Filipino. I must confess that the first President Read More...

Posted Friday, March 19, 2010 2:25 AM by Odilon "Ody" dela Merced | 0 Comments

Bureau of Internal Revenue to lose P6 billion due to optional deduction
By Iris C. Gonzales (The Philippine Star) Updated March 12, 2010 12:00 AM MANILA, Philippines - The Bureau of Internal Revenue (BIR) expects to lose up to P6 billion this year from the Optional Standard Deduction privilege allowed under RA 9504 or the Read More...

Posted Friday, March 12, 2010 3:25 PM by Odilon "Ody" dela Merced | 0 Comments

New law attracts foreigners
New law attracts foreigners by Joel Zurbano MEMBERS of various foreign chambers in the Philippines would support passage of the proposed Philippine immigration act now pending in Congress, for the benefit of the tourism industry. Officials of the Joint Read More...

Posted Saturday, February 27, 2010 1:12 AM by Odilon "Ody" dela Merced | 0 Comments

Property market to grow by at least 10% in 2010
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Posted Sunday, February 21, 2010 12:34 AM by Odilon "Ody" dela Merced | 0 Comments

OFW remittances hit record $17.1 billion, top BSP forecast
MONEY SENT HOME by overseas Filipino workers (OFWs) rose by 11.4% to $1.65 billion in December, pushing the 2009 tally to a record $17.1 billion. The Bangko Sentral ng Pilipinas (BSP), which had predicted zero growth earlier in the year as the global Read More...

Posted Tuesday, February 16, 2010 2:16 AM by Odilon "Ody" dela Merced | 2 Comments