The World Bank has kept its growth forecasts for the Philippines for 2023 and 2024, and the country is expected to outpace the growth of Asean neighbors. The Philippines is seen to have grown 5.6 percent last year, according to the Washington-based agency’s Global Economic Prospects reports. Meanwhile, the World Bank sees 5.8 percent growth for this year and next. These figures fall...
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Overseas Filipinos’ cash remittances increased by 2.8 percent year-on-year to $30.211 billion as of end-November 2023 from $29.38 billion same time in 2022, based on the latest data from the Bangko Sentral ng Pilipinas (BSP). The BSP said Monday, Jan. 15, that for the month of November, remittances sent through official banking channels rose by 2.8 percent to $2.719 billion from $2.644 bi...
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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...
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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...
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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...
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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...
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