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Showing posts with label housing. Show all posts

Wednesday, October 11, 2017

How to Buy a House in The Philippines Even If You are Abroad

Tuesday, August 22, 2017

Pag-ibig Members Urged to Invest To Modified Pag-ibig 2 Savings Program

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For those who are looking for alternative ways to save, the Modified PagIBIG 2 Savings Program (MP2) may be the answer to your needs.
Pag-IBIG Fund is urging its members that aside from their regular contribution, invest in a modified savings program called MP2. It is an optional savings program of Pag-IBIG designed for those who want to have savings with a higher savings rate and can be compared to the bank's 5-year term time deposit system.
Today there are already 55,000 members who already have availed of the MP2 Savings program each of whom has various purposes on their savings.

"ADVERTISEMENTS"

With the reality that daily expenditures do not end when you retire, everybody should have a contingency plan to cope up.
The minimum contribution for the MP2 program is P500.00 and there is no limit for the maximum contribution. You can add to your savings anytime you wish or you can do it on a monthly basis. Your savings will mature and can be withdrawn after five years or you can have it renewed for another 5 years. In case of total disability or insanity, your savings can be withdrawn even before the 5-year term. It also applies when you lost your job. For members who unfortunately died before the 5-year term, his beneficiaries can withdraw the MP2 savings.
Pag-IBIG Fund said that the dividend rate presently does not go below 5 percent. In 2016, the MP2 dividend rate was at 7.43 percent.

For those who are looking for alternative ways to save, the Modified PagIBIG 2 Savings Program (MP2) may be the answer to your needs. Pag-IBIG Fund is urging their members that aside from their regular contribution, to invest in modified savings program called MP2. It is an optional savings program of Pag-IBIG designed for those who want to have savings with higher savings rate and can be compared to the banks 5-year term time deposit system. Today there are already 55,000 members who already has aviled of the MP2 Savings program each of whom has various purpose on their savings. "ADVERTISEMENTS" With the reality that daily expenditures does not end when you retire, everybody should have a contingency plan to cope up. The minimum contribution for the MP2 program is P500.00 and there are no limit for the maximum contribution. You can add to your savings anytime you wish or you can do it on monthly basis. Your savings will mature and can be withdrawn after five years or you can have it renewed for another 5 years. In case of total disability or insanity, your savings can be withdrawn even before the 5-year term. It also applies when you lost your job. For members who unfortunately died before the 5 year term, his beneficiaries can withdraw the MP2 savings. Pag-IBIG Fund said that the dividend rate presently does not go below 5 percent. In 2016, the MP2 dividend rate was at 7.43 percent. So for the P500.00 monthly contribution, it can earn up to almost P5,000 up to almost P7,000 after 5 years. If you will invest a lump sum amount of P100,000 it can earn up to P26,000 to P36,000 after 5 years. It is also safer compared to the banks because your principal saving will be untouched even if worst case happened like the dividend plunges to zero, you can still get your money in full. It is also easy to start an MP2 savings. For local employees, you can go to your HRD and ask them to do a salary deduction for the Pag-IBIG MP2 Program and the company will remit it for you. You can also go to the nearest Pag-IBIG branches near you and pay the contributions directly. The best thing about Pag-IBIG savings is that you have the sovereign guarantee of the government that you can get your savings absolutely without anything to worry about like bank holidays or bankruptcy. Your investment savings is safe from any risks. "Sponsored Links" Read More: China's plans to hire Filipino household workers to their five major cities including Beijing and Shanghai, was reported at a local newspaper Philippine Star. it could be a big break for the household workers who are trying their luck in finding greener pastures by working overseas China is offering up to P100,000 a month, or about HK$15,000. The existing minimum allowable wage for a foreign domestic helper in Hong Kong is around HK$4,310 per month. Dominador Say, undersecretary of the Department of Labor and Employment (DOLE), said that talks are underway with Chinese embassy officials on this possibility. China’s five major cities, including Beijing, Shanghai and Xiamen will soon be the haven for Filipino domestic workers who are seeking higher income. DOLE is expected to have further negotiations on the launch date with a delegation from China in September. according to Usec Say, Chinese employers favor Filipino domestic workers for their English proficiency, which allows them to teach their employers’ children. Chinese embassy officials also mentioned that improving ties with the leadership of President Rodrigo Duterte has paved the way for the new policy to materialize. There is presently a strict work visa system for foreign workers who want to enter mainland China. But according Usec. Say, China is serious about the proposal. Philippine Labor Secretary Silvestre Bello said an estimated 200,000 Filipino domestic helpers are presently working illegally in China. With a great demand for skilled domestic workers, Filipino OFWs would have an option to apply using legal processes on their desired higher salary for their sector. Source: ejinsight.com, PhilStar Read More: The effectivity of the Nationwide Smoking Ban or E.O. 26 (Providing for the Establishment of Smoke-free Environment in Public and Enclosed Places) started today, July 23, but only a few seems to be aware of it. President Rodrigo Duterte signed the Executive Order 26 with the citizens health in mind. Presidential Spokesperson Ernesto Abella said the executive order is a milestone where the government prioritize public health protection. The smoking ban includes smoking in places such as schools, universities and colleges, playgrounds, restaurants and food preparation areas, basketball courts, stairwells, health centers, clinics, public and private hospitals, hotels, malls, elevators, taxis, buses, public utility jeepneys, ships, tricycles, trains, airplanes, and gas stations which are prone to combustion. The Department of Health urges all the establishments to post "no smoking" signs in compliance with the new executive order. They also appeal to the public to report any violation against the nationwide ban on smoking in public places. Read More: ©2017 THOUGHTSKOTO www.jbsolis.com SEARCH JBSOLIS, TYPE KEYWORDS and TITLE OF ARTICLE at the box below Smoking is only allowed in designated smoking areas to be provided by the owner of the establishment. Smoking in private vehicles parked in public areas is also prohibited. What Do You Need To know About The Nationwide Smoking Ban Violators will be fined P500 to P10,000, depending on their number of offenses, while owners of establishments caught violating the EO will face a fine of P5,000 or imprisonment of not more than 30 days. The Department of Health urges all the establishments to post "no smoking" signs in compliance with the new executive order. They also appeal to the public to report any violation against the nationwide ban on smoking in public places. ©2017 THOUGHTSKOTO Dominador Say, undersecretary of the Department of Labor and Employment (DOLE), said that talks are underway with Chinese embassy officials on this possibility. China’s five major cities, including Beijing, Shanghai and Xiamen will soon be the destination for Filipino domestic workers who are seeking higher income. ©2017 THOUGHTSKOTO

So for the P500.00 monthly contribution, it can earn up to almost P5,000 up to almost P7,000 after 5 years.

If you will invest a lump sum amount of P100,000 it can earn up to P26,000 to P36,000 after 5 years. It is also safer compared to the banks because your principal saving will be untouched even if the worst-case happened to like the dividend plunges to zero, you can still get your money in full.
It is also easy to start an MP2 saving. For local employees, you can go to your HRD and ask them to do a salary deduction for the Pag-IBIG MP2 Program and the company will remit it for you.
You can also go to the nearest Pag-IBIG branches near you and pay the contributions directly.
The best thing about Pag-IBIG savings is that you have the sovereign guarantee of the government that you can get your savings absolutely without anything to worry about like bank holidays or bankruptcy. Your investment savings are safe from any risks.

"Sponsored Links"

Read More:

China's plans to hire Filipino household workers to their five major cities including Beijing and Shanghai, was reported at a local newspaper Philippine Star. it could be a big break for the household workers who are trying their luck in finding greener pastures by working overseas China is offering up to P100,000 a month, or about HK$15,000. The existing minimum allowable wage for a foreign domestic helper in Hong Kong is around HK$4,310 per month. Dominador Say, undersecretary of the Department of Labor and Employment (DOLE), said that talks are underway with Chinese embassy officials on this possibility. China’s five major cities, including Beijing, Shanghai and Xiamen will soon be the haven for Filipino domestic workers who are seeking higher income. DOLE is expected to have further negotiations on the launch date with a delegation from China in September. according to Usec Say, Chinese employers favor Filipino domestic workers for their English proficiency, which allows them to teach their employers’ children. Chinese embassy officials also mentioned that improving ties with the leadership of President Rodrigo Duterte has paved the way for the new policy to materialize. There is presently a strict work visa system for foreign workers who want to enter mainland China. But according Usec. Say, China is serious about the proposal. Philippine Labor Secretary Silvestre Bello said an estimated 200,000 Filipino domestic helpers are presently working illegally in China. With a great demand for skilled domestic workers, Filipino OFWs would have an option to apply using legal processes on their desired higher salary for their sector. Source: ejinsight.com, PhilStar Read More: The effectivity of the Nationwide Smoking Ban or E.O. 26 (Providing for the Establishment of Smoke-free Environment in Public and Enclosed Places) started today, July 23, but only a few seems to be aware of it. President Rodrigo Duterte signed the Executive Order 26 with the citizens health in mind. Presidential Spokesperson Ernesto Abella said the executive order is a milestone where the government prioritize public health protection. The smoking ban includes smoking in places such as schools, universities and colleges, playgrounds, restaurants and food preparation areas, basketball courts, stairwells, health centers, clinics, public and private hospitals, hotels, malls, elevators, taxis, buses, public utility jeepneys, ships, tricycles, trains, airplanes, and gas stations which are prone to combustion. The Department of Health urges all the establishments to post "no smoking" signs in compliance with the new executive order. They also appeal to the public to report any violation against the nationwide ban on smoking in public places. Read More: ©2017 THOUGHTSKOTO www.jbsolis.com SEARCH JBSOLIS, TYPE KEYWORDS and TITLE OF ARTICLE at the box below Smoking is only allowed in designated smoking areas to be provided by the owner of the establishment. Smoking in private vehicles parked in public areas is also prohibited. What Do You Need To know About The Nationwide Smoking Ban Violators will be fined P500 to P10,000, depending on their number of offenses, while owners of establishments caught violating the EO will face a fine of P5,000 or imprisonment of not more than 30 days. The Department of Health urges all the establishments to post "no smoking" signs in compliance with the new executive order. They also appeal to the public to report any violation against the nationwide ban on smoking in public places. ©2017 THOUGHTSKOTO

Dominador Say, undersecretary of the Department of Labor and Employment (DOLE), said that talks are underway with Chinese embassy officials on this possibility. China’s five major cities, including Beijing, Shanghai and Xiamen will soon be the destination for Filipino domestic workers who are seeking higher income.

www.jbsolis.com

SEARCH JBSOLIS, TYPE KEYWORDS and TITLE OF ARTICLE at the box below

Monday, August 07, 2017

OFWs, Low-cost Housing Buyers To Pay Higher Amortizations

Senate Ways and Means Committee question the lifting of the exemption of 12% vat on low cost housing under the proposed tax reform package from the Department of Finance during a hearing recently.

Senator Cynthia Villar said that it could potentially harm the OFWs who are working abroad to provide their families a home and lifting the exemption for low cost housing amounting to P3 million is like penalizing them.

Under the current system, the low cost housing units with amount P3 million and below are VAT exempted.

The proposed lifting of the VAT on housing is designed to fund the government's P9 trillion infrastructure build-up. Finance Undersecretary Tonette Tionko says, the government could raise an additional P6 billion in revenues if the proposal transpires. This revenue could be used to support the government's social welfare program, said the DOF official but Senator Villar believes that the collection will not really go straight to the people.

Meanwhile, the Subdivision and Housing Developers Association Inc. said that low cost housing units with prices starting at P450,000 could be more expensive with possible increase on the monthly amortization of up to P3,000.

This will also prompt the developers to decrease the production of these housing units and would cause housing backlog to exacerbate.
The present housing demand is at 800,000 a year against the developers production of only 180,000 units in a year.
Ways and Means Committee chairman Sonny Angara said that the proposal will most likely fail due to the present housing situation in the country.
The Department of Finance said that they are still open to address the concerns regarding the tax reform proposal.

Read More:

Dominador Say, undersecretary of the Department of Labor and Employment (DOLE), said that talks are underway with Chinese embassy officials on this possibility. China’s five major cities, including Beijing, Shanghai and Xiamen will soon be the destinfor Filipino domestic workers who are seeking higher income.

The effectivity of the Nationwide Smoking Ban or E.O. 26 (Providing for the Establishment of Smoke-free Environment in Public and Enclosed Places) started today, July 23, but only a few seems to be aware of it. President Rodrigo Duterte signed the Executive Order 26 with the citizens health in mind. Presidential Spokesperson Ernesto Abella said the executive order is a milestone where the government prioritize public health protection. The smoking ban includes smoking in places such as schools, universities and colleges, playgrounds, restaurants and food preparation areas, basketball courts, stairwells, health centers, clinics, public and private hospitals, hotels, malls, elevators, taxis, buses, public utility jeepneys, ships, tricycles, trains, airplanes, and gas stations which are prone to combustion. The Department of Health urges all the establishments to post "no smoking" signs in compliance with the new executive order. They also appeal to the public to report any violation against the nationwide ban on smoking in public places. Read More: ©2017 THOUGHTSKOTO www.jbsolis.com SEARCH JBSOLIS, TYPE KEYWORDS and TITLE OF ARTICLE at the box below

Smoking is only allowed in designated smoking areas to be provided by the owner of the establishment. Smoking in private vehicles parked in public areas is also prohibited.

What Do You Need To know About The Nationwide Smoking Ban

Violators will be fined P500 to P10,000, depending on their number of offenses, while owners of establishments caught violating the EO will face a fine of P5,000 or imprisonment of not more than 30 days.

The Department of Health urges all the establishments to post "no smoking" signs in compliance with the new executive order. They also appeal to the public to report any violation against the nationwide ban on smoking in public places.

www.jbsolis.com

SEARCH JBSOLIS, TYPE KEYWORDS and TITLE OF ARTICLE at the box below

Tuesday, March 21, 2017

Kadamay, Get Off Bulacan Housing Sites! -NHA

A group claiming to be advocates of homeless urban poor that called themselves "Kadamay" (Kalipunan ng Damayang Mahihirap) has invaded a government housing project in Pandi,Bulacan and occupied the vacant units without authorization from the NHA.

Earlier this week the group also tried to occupy a housing project in Bocaue, also in Bulacan but the residents defended their neighborhood . As the Kadamay members caravan approach their village, they made human barricades and cordon the area. An argument heated between the Kadamay members and the homeowners but the police were there and taken control of the situation. Kadamay members flee as the homeowners watch them but they said the fight is not over yet . The police personnel stayed even the situation has suppressed. Maximum tolerance was observed during handling the stand-off situation.

Before the standoff, the police and the residents had an intelligence report that a large number Kadamay members are their on their way to their village to occupy vacant unit at Bocaue Hills where legitimate house awardees are living. Being knowledgeable about what they earlier did to the nearby town of Pandi, the residents prepared themselves and even cancelled the classes for the threat.

They gathered at the entrance with sticks, paddles and baseball bats just in case the situation get to worse.

An eviction order was released by the National Housing Authority ordering the kadamay members who illegally occupied a housing project in Pandi, Bulacan.

600 eviction notices had been serves for the members of kadamay who occupied the vacant housing units without permit at the Villa Elisa resettlement area. about 324 units was occupied by Kadamay out of the total 1,242 units. The eviction notices are posted on doors and walls of the occupied units by NHA representatives.
Some 198 eviction notices was also served by the NHA representatives with the help of the PNP, this time at San Jose Del Monte Heights in San Jose Del Monte, Bulacan. Police records show that 5,107 units were already occupied by Kadamay in the area, but the NHA said that eviction notices are on the way to be served to these illegal occupants.
President Rodrigo Duterte said that he will not tolerate the "anarchy-ish" actions of this group.
"Don't make me evict you." President Duterte said.
The President urges Kadamay to have a dialogue instead of taking the matter into their own hands.

The group says that the lack of action of the government to their housing request force them to do such thing. The NHA said that more eviction notices is yet to be served in other areas.

NHA reps will post the notice even if the occupant refuses to accept or is not in the unit. Occupants have 7 days to vacate. pic.twitter.com/MGbMs3BYcn
— Zen Hernandez (@zenhernandez) March 20, 2017