Bureau of Internal Revenue (BIR) Commissioner Romeo D. Lumagui Jr. has issued Revenue Regulation No. 1-2024, increasing the value-added tax (VAT) exemption threshold for the sale of houses and lots and other residential dwellings. The revised threshold now stands at P3.6 million, up from the previous P3.2 million. This revision aligns with Section 109 (P) of the National Internal Revenue Cod...
Read more
MANILA – Diversified conglomerate DMCI Holdings Inc. has maintained its positive outlook for 2024 due to cooling inflation and stabilizing interest rates. “Overall, we expect the DMCI group to deliver another resilient performance this year,” DMCI Holdings chairman and president Isidro Consunji said in a disclosure to the Philippine Stock Exchange Wednesday. Consunji s...
Read more
Megaworld, the country’s premiere property developer and operator, is constructing its second hotel in the 462-hectare Paragua Coastown ecotourism township in San Vicente, boasting easy beach access and scenic mountain vistas. In the property giant’s statement this Thursday, it announced the development of the 10-storey Paragua Sands Hotel, offering 313 diverse-layout guest rooms an...
Read more
How Real Estate Sales Can Erase Debts for Start-Up Agents Introduction: In real estate, opportunity often comes knocking in unexpected ways. For start-up agents burdened with significant debts, a strategic approach to real estate sales can pave the way to financial freedom. This article'll explore the math behind leveraging real estate commissions to eliminate debts and how a team effort...
Read more
THE Philippines has surpassed the net foreign direct investment (FDI) inflows of Malaysia and Thailand in the first three quarters of 2023, Department of Trade and Industry (DTI) undersecretary Ceferino Rodolfo said. Rodolfo said the Philippines, Indonesia, Malaysia, and Thailand recorded double-digit declines in net FDI inflows last year, while Vietnam’s growth was minimal at 2.25 percen...
Read more
MORE Philippine real estate may be converted into housing and retail spaces this year as property developers repurpose out-of-date buildings, according to JLL. “With many buildings now out of date — if not yet out of use — and others simply failing to generate suitable yields, conversions are increasingly on the cards,” Walid Goudiard, JLL head of project and development...
Read more
