Inflation Rate: Philippine : The Department of Finance sees inflation slightly easing to 3.2 percent year-on-year in May on the back of lower prices of food items such as vegetables. In a report to Finance Secretary Carlos G. Dominguez III, DOF chief economist and Undersecretary Gil S. Beltran said the rate of increase in prices
The Philippines economy is in no way threatened with the imposition of martial law. The military is in full control of the government installations and major infrastructures on the island,” “The Finance Secretary Carlos Dominguez added that martial law in Mindanao for a limited period is intended to protect the flow of commerce, protect the innocent,
Real Estate Buyers Protection Act: The Maceda Law (RA 6552) A public policy to protect buyers of real estate on installment payments against onerous and oppressive conditions. SECTION 3. In all transactions and contracts involving the sale or financing of real estate on installment payments, including residential condominium apartments but excluding industrial lots, commercial buildings and
SUBDIVISION AND CONDOMINIUM BUYER’S RIGHTS – PHILIPPINE LAWS PRESIDENTIAL DECREE No. 957 July 12, 1976 PD 957 is a Decree Issued by our past president Ferdinand E. Marcos regulating the the real estate business specially the the developers. This Decree is commonly called THE SUBDIVISION AND CONDOMINIUM BUYERS’ PROTECTIVE DECREE. WHEREAS, numerous reports reveal that