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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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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

Economy poised for a rebound in Q1 2010
Economy poised for a rebound in Q1 By Michelle Remo, Ronnel Domingo Philippine Daily Inquirer First Posted 21:37:00 02/11/2010 THE Philippine economy is poised for a stark rebound and may grow by 4.5 percent in the first quarter. According to First Metro Read More...

Posted Friday, February 12, 2010 5:52 PM by Odilon "Ody" dela Merced | 0 Comments

PSE intends to push ahead with an ambitious reform program this year as it rides the crest of one of the best performing periods in its history
PSE sees boost in 2010 from key market reforms By Daxim Lucas Philippine Daily Inquirer First Posted 23:07:00 01/03/2010 MANILA, Philippines--THE PHILIPPINE STOCK EXCHANGE (PSE) intends to push ahead with an ambitious reform program this year as it rides Read More...

Posted Monday, January 04, 2010 8:18 AM by Odilon "Ody" dela Merced | 0 Comments

Peso expected to weaken against the US$ in 2010
MANILA, Philippines - The peso is expected to weaken against the greenback in 2010 amid expectations of a US economic recovery that will allow the dollar to strengthen. The peso, currency traders interviewed last week said, could average between P46.00 Read More...

Posted Monday, December 28, 2009 5:18 PM by Odilon "Ody" dela Merced | 1 Comments