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Confetti
rains on Vice President Noli de Castro (third from
left), chairman of the Housing and Urban Development
Coordinating Council, and key players in the real-estate
sector, after de Castro keynoted the opening of the
Philippine Real Estate Festival (PREF) at SMX Convention
Center. Joining him are (from left) Rep. Ed Zialcita of
Parañaque; Rep. Rodolfo Valencia, chairman of the House
Committee on Housing; PREF chairman Rosemarie Basa; Sen.
Juan Miguel Zubiri, Senate housing committee chief;
Reghis Romero III, president of Chamber of Real Estate
and Builders’ Association; and Bansan Ochoa, president
of the Organization of Socialized Housing Developers of
the Philippines Inc. Rhoy Cobilla |
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TOP STORIES |
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Realtors seek relief as costs rise |
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TRADE
Undersecretary Elmer Hernandez announced on Thursday the
government is banking on two steel manufacturers’ operation
as well as on zero tariff for cement importation to ease the
impact of these products’ soaring prices on the real-estate
industry. |
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GMA gushes over Naia 3 |
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AFTER
repeatedly eschewing popularity for difficult reforms,
President Arroyo on Thursday gave her administration a pat
on the back as she set foot on a gleaming Ninoy Aquino
International Airport Terminal 3 (Naia 3), which opened its
doors. |
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CA voids SEC order against Meralco |
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THE Court of
Appeals (CA) on Thursday declared null and void the undated
cease-and-desist order (CDO) and the show-cause order (SCO)
issued by the Securities and Exchange Commission (SEC)
enjoining the Manila Electric Co. (Meralco) from validating
the proxy votes in favor of the Lopez group during the power
distributor’s stockholders’ meeting on May 27. |
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P116M tax raps |
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APART from
charges of fraudulent use of tax certificates, the spouses
Faustino and Gloria Chingkoe, tagged as the central figures
in the more-than-a-decade-long tax-credit scam, have been
charged with 10 cases of tax evasion aggregating P115.76
million. |
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Government still studying impact of natural gas royalty
removal |
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THE
government does not yet intend to reduce or remove royalties
it is receiving for the production of natural gas from the
Malampaya site as business is asking, in order to bring down
power rates. |
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Recto fit for Neda |
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MALACAÑANG
on Thursday defended the appointment of former senator Ralph
Recto as socioeconomic planning secretary, saying that his
landmark expanded value-added tax (E-VAT) law has helped,
and not burdened, the poor, contrary to the claims of
militant groups. |
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Ibon
sees 5%GDP |
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INDEPENDENT
think tank Ibon Foundation Inc. sees gross domestic product
(GDP) growth hitting 5 percent this year, slightly lower
than Asian Development Bank’s forecast of 5.5 percent. |
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P5.9B Hot Money |
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“HOT money,”
or portfolio funds, that bolted from the Philippines and
invested elsewhere totaled $5.9 billion from January up to
mid-July this year, outpacing inflows of $5.5 billion and
resulting in a net outflow of $414 million. |
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RM
awards review to help chart future |
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NEARLY 50
years and 260 awardees since its inception in 1958, the
all-Filipino board of trustees of the Ramon Magsaysay Award
Foundation (RMAF) is set to release a review of the RMAF for
the past 50 years. |
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AFP ceasefire |
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The military
proposed on Thursday a longer cease-fire with the Communist
Party of the Philippines (CPP) and its armed wing, the New
People’s Army (NPA), in an effort to convince the rebels to
return to the negotiating table. |
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Recto Mercene |
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PAL chairman and CEO Lucio
Tan cuts the ceremonial ribbon at the inauguration of
the PAL Express and Air Philippines stations at Naia
Terminal 3. Assisting him are (from left) Miaa general
manager Alfonso Cusi; Rep. Monico Puentebella, chairman
of the House Committee on Transportation; Michael
Defensor, head of Task Force Naia 3; PAL president Jaime
Bautista; and director general Ruben Ciron of the Civil
Aviation Authority of the Philippines.
Recto Mercene |
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