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
September 18 –
International Equal Pay Day
“Increase wages now,
more than other cost items.
For widespread, practical equality!”
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!
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September –
5 Sept – Intl Day of Charity
7 Sept – Intl Day of Clean Air for Blue Skies
8 Sept – International Literacy Day
12 Sept – United Nations Day for South-South Cooperation
15 Sept – International Day of Democracy
16 Sept – International Day for the Preservation of the Ozone Layer
17 Sept – World Patient Safety Day
18 Sept – International Equal Pay Day
21 Sept – International Day of Peace
26 Sept – International Day for the Total Elimination of Nuclear Weapons
27 Sept – World Tourism Day
28 Sept – International Day for Universal Access to Information
29 Sept – International Day of Awareness of Food Loss and Waste
30 Sept – World Maritime Day
Monthly Observances:
Health, Safety and Sanitation Month
National Clean-up Month
Civil Service Month
National Peace Consciousness Month
Social Security Month
Rule of Law Month
National Teachers’ Month (Sept 5-Oct 4)
Weekly Observances:
Sept 17 – 23:
World Clean and Green Week
Week 2: Education Week
Week 4: Medicine Week
Last Week: National Family Week
Daily Observances:
Third Saturday:
International Coastal Clean-up Day
Third Monday: World Health Day
Last Friday: National Maritime Day
Sept 8: National Literacy Day
Sept 15: Philippine Medicine Day
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