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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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Year-end Report: Investors bet on 2010 economic rebound
Company buyouts and takeovers provided excitement to an otherwise lethargic local stock market this year, but investors are betting on improved global economic conditions next year to support the bourse's steady climb. While local share prices did Read More...

Posted Wednesday, December 30, 2009 2:32 PM by Odilon "Ody" dela Merced | 1 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

Managers told to be flexible ahead of region-led recovery
By Jessica Anne D. Hermosa, BusinessWorld | 12/20/2009 6:00 PM MANILA, Philippines - Managers in Asia should be flexible and “tech-savvy” to successfully steer firms ahead of a region-led economic recovery and an increasingly globalized landscape, Read More...

Posted Monday, December 21, 2009 10:07 AM by Odilon "Ody" dela Merced | 0 Comments