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
Nov 16 – International Day for Tolerance
“No more toleration of corruption!”
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!
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November
Nov 2 – Intl Day to End Impunity for
Crimes Against Journalists
Nov 9 – World Science Day for Peace
and Development
Nov 16 – International Day for Tolerance
Nov 19 – World Toilet Day
Nov 20 – World Children’s Day
Nov 25 – Intl Day for the Elimination of
Violence Against Women
Monthly Observances:
Homes Safety Month
Filipino Values Month
National Rice Awareness Month
National Consciousness Month
for Punctuality and Civility
Environmental Awareness Month
National Children’s Month
Organic Agriculture Month
Weekly Observances:
Nov 19-25: Global Warming and
Climate Change Consciousness Week
Nov 23-29: National Girls’ Week
Population and Development Week
Nov 25 – Dec 12: Social Welfare Week
18-Day Campaign to End
Violence against Women
Week 2: Week 3: Drug Abuse Prevention
and Control Week
Last Week: Safety and Accident
Prevention Week
Daily Observances:
Last Saturday: Career Executive Service
Day
Nov 19: National Child Health Day
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