DAVAO CITY — The Board of Investments (BoI) expects a surge in application for incentives for mass housing projects this year, a ranking official of the agency told journalists here yesterday.
This, as the agency is reportedly keeping low-cost housing among the projects that will continue to enjoy tax perks under this year’s Investment Priorities Plan.
Lucita P. Reyes, BoI executive director, said the framers of the annual plan recognize the multiplier effect of construction.
Construction projects like housing, she explained, rely on over a dozen downstream industries, from producers of housing materials to housing fund lenders.
“But we have to…be very specific in terms of giving incentives to the housing sector,” she said.
“We need to lower the cost.”
Last year, the BoI processed 144 mass housing projects in the Davao region costing P400,000-P3 million per unit. But bulk of mass housing units sold in the region cost less than P400,000 per unit.
The city government and the regional chapter of the Chamber of Real Estate and Builders Association, Inc. have announced plans to build four- to five-storey buildings for tenement housing, which can be rented out for P1,000 a month, or sold for P250,000 with monthly amortization of P2,500. — JBE, Businessworld
July 2025
Nutrition Month
“Give us much more than P50 increase
for proper nutrition!”
Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the 2021 ILO Commission of Inquiry recommendations
against serious violations of
Forced Labour and Freedom of Association protocols.
Accept National Unity Government (NUG)
of Myanmar. Reject Military!
#WearMask #WashHands #Distancing #TakePicturesVideosturesVideos
July
3 July – International Day of Cooperatives
3 July – International Plastic Bag Free Day
5 July – World Youth Skills Day
7 July – Global Forgiveness Day
11 July – World Population Day
17 July – World Day for International Justice
28 July – World Nature Conservation Day
30 July – World Day against Trafficking in Persons
Monthly Observances:
Schools Safety Month
Nutrition Month
National Disaster Consciousness Month
Weekly Observances:
Week 2: Cultural Communities Week
Micro, Small, and Medium Enterprise
Development Week
Week 3: National Science and
Technology Week
National Disability Prevention and
Rehabilitation Week
July 1-7:
National Culture Consciousness Week
July 13-19:
Philippines Business Week
Week ending last Saturday of July:
Arbor Week
Daily Observances:
First Saturday of July:
International Cooperative Day
in the Philippines
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