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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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PSE welcomes passage of REIT Act
PSE welcomes passage of REIT Act By Zinnia B. Dela Peña (The Philippine Star) Updated December 21, 2009 12:00 AM MANILA , Philippines - The Philippine Stock Exchange (PSE) welcomes the passage of the Real Estate Investment Trust (REIT) Act into Read More...

Posted Sunday, January 31, 2010 11:49 PM by Odilon "Ody" dela Merced | 1 Comments

Government to lose billions with REIT law
Government to lose billions with REIT law By Iris C. Gonzales (The Philippine Star) Updated December 09, 2009 12:00 AM MANILA, Philippines - The Department of Finance (DOF) has reiterated its previous position that a bill seeking to grant hefty tax perks Read More...

Posted Friday, December 11, 2009 10:26 AM by Odilon "Ody" dela Merced | 7 Comments