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
March –
IT’S WOMEN’S MONTH!
“Respect and support women
every day of the year/s!”
Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the recommendations of the 2021 ILO Commission of Inquiry
against serious violations of protocols of
Forced Labour and Freedom of Association.
Accept the National Unity Government (NUG)
of Myanmar. Reject Military!
#WearMask #WashHands
#Report Corruption #SearchPosts #TakePicturesVideos
Monthly Observances:
Women’s Role in History Month
Weekly Observances:
Week 1: Environmental Week;
Women’s Week
Week 3: Philippine Industry and “
Made-in-the-Philippines Products Week
Last Week: Protection and Gender-Fair Treatment
of the Girl Child Week
Daily Observances:
March 8: Women’s Rights and
International Peace Day;
National Women’s Day
March 4: Employee Appreciation Day
March 15: World Consumer Rights Day
March 18: Global Recycling Day
March 21: International Day for the Elimination
of Racial Discrimination
March 23: International Day for the Right to the Truth
Concerning Gross Human Rights Violations
and for the Dignity of Victims
March 25: International Day of Remembrance of the
Victims of Slavery and the Transatlantic Slave Trade
March 27: Earth Hour
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