Thursday, December 31, 2015
Good Morning Everyone.
Today is the last day of year 2015. Tomorrow is a New Year.
Before we move forward. Spend time looking backward How your 2015 year?
Did your personal relationship to your family grow, did your spiritual relationship to God grow, did your financial investments & savings grow?
You don't need to answer me on this, but do it as your assignment. And keep the answer for yourself.
Now I know majority of you is not Happy where you are now? It is normal. Do not worry if you commit mistake, don't worry if you failed.
I will tell you , you don't failed, you learned that said business or work strategy or formula did not work for you.
Yes, it is just another wrong strategy or formula. So learn from it, modify, move forward, try again.
What is good. GOD give us asset which we wasted a lot, and you know this is so precious, it's priceless. This shows God always guide us, help us daily.
He give us all another Day, another Year to correct our mistake, he want us to be successful. He loves you, he want you to work hard and get rich, become abundant so you can help his church.
Remember this, NOT ALL is given a chance, opportunity of another Day. They die poor, reckless soul because they failed there family because they waste all those time they are still alive.
"" Now going back to you.
Thanks God, he bless you another Year, to correct, to get rich, to help his church, and his people who need help. To be a fisherman of his People. To be his missionary.
2016 is a Blessings, God investment to you, he invested another 365days to YOU. He trusted you because he loves you.
Now invest your time wisely, learn from 2015, & previous year of your life. And work hard & smart this year.
We know it is easy to say but hard to Act.... We are here to Help YOU.
We PREPARED something for you, as your guidance, a RoadMap, a system that can Help YOU.
This is a Personalize Strategy, that can be created only with your personal participation.
We invite YOU to spend time with us personally. Call as asap at 09173236123. Visit us at ROi Office.
As quote said, The Best Way to Predict the Future is to Create it.
So let's create a blue print, RoadMap for you to work on for YOUR Success and Prosperity in 2016.
GOD Loves You, Merry Christmas and Happy New Year.
"Enhancing People's Lives"
"Enhancing People's Lives"
Ps : Pls share to the person you want to help.
Saturday, April 11, 2015
The projects include the rehabilitation of Colon Street for P120 million and the widening of Archbishop Reyes Avenue for P128 million.
Also included are the widening of the Bacayan-Pit-os Road for P170 million; and the construction of a flood-mitigation structure along Estero Parian on Colon Street and on Jakosalem Street from Imus Road to Parian Creek at P160 million each.
The DPWH also plans to construct an engineering district building in Barangay Tinago for P30 million and a multipurpose building inside the Vicente Sotto Memorial Medical Center compound in Barangay Sambag II for P25 million.
Projects for the Cebu City south district, on the other hand, include the road right-of-way acquisition in Barangay Basak San Nicolas and the construction of a “depressed intersection” at the N. Bacalso Avenue-F. Llamas Street junction, totaling P400 million.
Some P400 million was proposed to widen the city’s natural waterways and P120 million for dredging of Kinalumsan River and rip-rap installation on its banks.
Other projects include the widening of C. Padilla Street from the Carlock Street intersection to the South Road Properties Access Road for P267 million, the widening of the access road from the V. Rama Avenue junction in Barangay Guadalupe to Doña Modesta Gaisano Street in Barangay Lahug for P210 million, and the stretch of N. Bacalso Avenue, from Santo Tomas de Villanueva parish church to the Bulacao Bridge for P300 million.
All these projects were endorsed to the CCDC full council for its approval.
Upon approval, the proposal would be endorsed to the Cebu City Council, before endorsing it to the Regional Development Council 7, which would either turn it down or endorse it to the national government for funding.
Source : http://www.businessmirror.com.ph/cebu-city-devt-council-approves-p3-5b-worth-of-infra-projects-for-implementation-this-year/
Wednesday, April 8, 2015
OWNING a real-estate property nowadays has become a lot easier to jump-start and sustain as customers enjoy a greater freedom and flexibility in terms of pursuing their desired investments.
Developers and their financial partners—the government and private institutions, alike—have created an investor- and credit-friendly environment where young professionals can establish a strong, stable financial identity. This, in turn, helps them focus their assets into valuable endeavors such as purchasing or investing in real-estate properties.
Our economy was hardened by the Asian economic crisis at the right time, and even Pag-ibig has forced developers to be more creative, more flexible in terms of drawing up financing schemes for its clientele. This, too, has become very instrumental in helping developers become more creative and more innovative in terms of the marketing strategies that they employ to sustain the interest of local buyers.
With this, it now appears that local real-estate companies and buyers have evolved to become more financing-sensitive and more economically resilient to stay relevant in today’s market.
Helping build capacity for buyers
“The robust economic growth, which the Philippines continues to experience, is keeping the real-estate market buoyant. In particular, the OFW [overseas Filipino worker] market—increasingly the white-collar work force—and the business-process outsourcing segment are driving strong demand for housing whether it be vertical [condominiums] or horizontal [house and lots],” said Gigi Pio de Roda, head of Retail Banking and Wealth Management for HSBC Philippines.” However, getting a new property entails out of pocket expenses in addition to significant monthly payments if you do not buy the property outright.”
Buying a house and taking out a mortgage are some of the biggest and most critical financial decisions that most young professionals are seeing themselves taking nowadays, de Roda added. While the entire real-estate sector, including support groups that help build capacity for buyers, are continuing to grow at a more defined pace, de Roda said that it is highly important to ensure that people who are taking out a loan can evidence true capacity to pay, rather than lending on the strength of the security alone.
“This is exactly the reason we, as a company, are bent on making sure our customers take on solutions that match their needs and risk appetite and are able to service their loans while meeting their other financial,” de Roda said. “As a company, we believe in fulfilling our customer’s hopes and dreams, and as such, we know that a home purchase can be one of the biggest investment decisions any person can make in his or her lifetime.”
Preparation is key
For companies like HSBC, sustaining the interest of the buyers and helping them become more open to making key investments is a critical part of the entire marketing process.
“The [financing] policies are there for a reason: to ensure stability in the market and to protect the interests of borrowers, financial institutions and the industry as a whole. Our aim is to understand and meet the needs of our clients while complying with these policies, laws and regulations,” de Roda explained.
This commitment is reflected by HSBC’s Home Loan packages, for example. “The objective of this package is to ‘lighten your loan’ and focus on affordability with additional fee waivers to make it easy on the family’s household finances,” de Roda shared. “Apart from this, HSBC Advance and HSBC Premier customers also get preferential pricing when the home loan is due for repricing.”
Aside from this, another critical factor that plays a big role in helping buyers pursue an educated decision is a healthy relationship with a financial manager or banker who can provide key insights about the entire investment climate, strategy and overall investment outlook.
“Preparation is key when looking for a home loan and speaking to banks. One has to have a clear idea of the purpose of the purchase: Is it for investment, an upgrade, or a new home? Or are they looking to refinance an existing home loan?” de Roda added. “Also, people looking to buy properties must first think about their ideal type of purchase—apartment, condominium, or house and lot—and the location: Is the market saturated or is there still potential growth in the area?”
“Consider affordability and ask themselves if they can take out a loan and continue to handle overall finances comfortably. This includes being aware of miscellaneous costs such as taxes, stamp duty, among others, and other requirements to ensure their protection, such as insurance.”
Indeed, property investments should always be considered as a critical step that will help sustain the momentum of one’s financial progress. “We believe in fulfilling our customer’s hopes and dreams, and as such, we know that a home purchase can be one of the biggest investment decisions any person can make in his or her lifetime,” de Roda concluded. “We intend to help our clients meet their needs and goals by providing the right solutions that suit their preferences, as well as the ideal experience to make property investment a very rewarding endeavor.”
/ source http://www.businessmirror.com.ph/lending-a-hand-real-estate-financing-as-a-way-to-promote-property-ownership/
/ source http://www.businessmirror.com.ph/lending-a-hand-real-estate-financing-as-a-way-to-promote-property-ownership/
THE Bureau of Internal Revenue (BIR) has expanded the list of certain acts by taxpayers that may no longer be subject to compromise because these acts are commonly resorted to by taxpayers as means of tax evasion.
Internal Revenue Commissioner Kim Jacinto-Henares has issued Revenue Memorandum Order (RMO) 7-2015 prescribing a uniform schedule of compromise penalties to be imposed on erring taxpayers.
The new memorandum order also deleted certain acts that may be subject to compromise because these acts are commonly resorted to by taxpayers as means of tax evasion.
Under Section 204 of the National Internal Revenue Code, tax cases, including all criminal violations, may be compromised except those criminal cases already filed in court or those involving fraud.
The new RMO 7-2015 supersedes RMO 19-2007 and imposes in its Annex A the uniform schedule of compromise penalties to be imposed on certain violations of the Tax Code.
The amendments include the prohibition for certain acts to be compromised for the second time, such as the failure or refusal to issue receipts or sales commercial invoices, or for the issuance of receipts that do not truly reflect the information that should be contained therein. Under the new rules, these violations may be compromised for the first offense but not for subsequent violations.
The new memorandum order also provides that failure for two consecutive years to file the Annual Alpha List of Payees and/or Alpha List of Employees from whom taxes were withheld shall be considered as willful failure to comply with such requirements, which implies fraud, and, therefore cannot be compromised.
Other violations that can only be compromised for the first offense include violations of the internal revenue stamp-tax provisions like the giving away or accepting, or using containers of liquor on which the stamps are not completely destroyed, and the possessing without express authority from the BIR any dye for printing or making stamps.
The violations regarding the removal of articles subject to excise tax, such as unlawful possession of locally manufactured articles and unlawful removal of untaxed articles from the place of production, shall also be compromised only for the first offense, and subsequent violations shall no longer be allowed to be compromised.
No matter the frequent caveat on the property sector imminently bursting a supposed bubble, the various banks look at the real-estate industry with favor and extended loans totaling P1.22 trillion in the final three months of 2014.
This was 5.4 percent higher than the P1.159 trillion in the banks’ real-estate exposures (REEs) reported a quarter earlier.
The Bangko Sentral ng Pilipinas attributed the rise of the banks’ REE to sustained lending to the property sector. In particular, real-estate loans of the banks increased by 6.8 percent to P1.043 trillion at end-2014.
The loans represent 85.4 percent of the banks’ exposure to the real-estate sector. The other 14.6 percent of the banks’ REE, meanwhile, pertain to the banks’ investment in real-estate securities.
Sixty percent of the real-estate loans during the period were extended to land developers, construction firms and other corporate entities.
The remaining 40 percent went to individual households. The banks’ investments in real-estate securities, meanwhile, decreased by 2.1 percent to P178 billion at end-December 2014.
“The Bangko Sentral ng Pilipinas regularly assesses the quality of banks’ REEs as part of its mandate to foster the strength of individual banks, as well as the systemic stability of the Philippine banking industry,” the central bank said.
It also said the banks remain protected from risks in lending to the real-estate sector on the basis of the ratio of nonperforming real-estate loans of the universal, commercial and thrift banks actually following a downtrend last year.
At end-2014, the banks’ non-performing real-estate loans equal 2.47 percent of the total real-estate loans. This was lower than the 2.8 percent ratio at end-2013.
This was also the lowest nonperforming real-estate loan ratio since December 2012.
Friday, March 27, 2015
By DANESSA O. RIVERA, GMA NewsMarch 25, 2015 3:48pm/ http://www.gmanetwork.com/news/story/458806/economy/moneyandbanking/phl-banks-bsp-lra-assure-housing-lenders-and-borrowers-are-protected
Housing credit continues to rise, prompting the Philippine banking industry and the Land Registration Authority (LRA) to create a system streamlining loans and mortgages documentation to protect both borrowers and financial institutions.
The final version of the uniform loan and mortgage agreement (ULAMA) is coming up this week, Chamber of Thrift Banks (CTB) president Rommel Latinazo told reporters in a briefing in Makati City.
The agreement was developed in collaboration with banking groups, including the Bankers' Association of the Philippines, CTB, and Rural Bankers Association of the Philippines, together with Bangko Sentral ng Pilipinas (BSP) and the LRA.
"The purpose... is we want to streamline the documentation, taking into account the interests of all the parties concerned in real estate mortgage transactions – the financial institution, the borrower, and the government," Latinazo said.
"We want to make sure that the documents we develop are acceptable to the agencies involved," he added.
Latest BSP data show consumer loans rose 20.94 percent P849.6 billion as of end-September 2014, from P702.6 billion a year earlier, mainly driven by an increase in residential real estate lending.
In October, the BSP announced more relaxed rules on bank lending, noting that the ability of the borrower to pay, and not collateral, should be the basis for loan approvals.
The central bank also intends to cap the value of real estate mortgage as collateral at 60 percent for securing loans.
While there are no foreseen risks in bank lending, BSP Deputy Governor Diwa Guinigundo had said the central bank sees the need for circumspect in monitoring personal credit amid brisk activity in a growing economy.
Latinazo said real estate loan transactions, especially pertaining to housing, are indeed increasing and the ULAMA aims to protect borrowers and also the financial institutions.
"Having a uniform agreement should eliminate most, if not all, controversies or legal questions arising from home mortgage transactions," he said. – VS, GMA News
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