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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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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