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Pag-ibig to members: Borrow more

STATE run-Pag-Ibig Fund Visayas reiterated its call for members to take advantage of its credit facilities, especially for residential ownership. According to Pag-Ibig Fund Visayas Department Manager for Business Development Rio Teves, the Cebu hub, which includes Tacloban, has an allocation of P6.198 billion. As of June this year, the agency has financed 2,234 hou...

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Megaworld to build JP Morgan tower

Megaworld Corp. has bagged a deal to build in Fort Bonifacio an “iconic” 25-story office tower for the global shared services operations of American banking giant JP Morgan Chase. The build-to-suit building will have about 70,000 square meters of leasable space, Megaworld said in a statement on Tuesday. JP Morgan’s new business process outsourcing hub is ex...

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Cebu traders okay tax hike if services improve

BESIDES profit, tax adjustments matter most to businesses in Cebu. Cebu Business Club president Gordon Alan Joseph said he would not mind increased taxes if the city is able to deliver the services that enable business competitiveness and improve quality of life in the city. Cebu City Councilor Margarita Osmeña and Councilor Alvin Arcilla drafted an ordinanc...

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Saving on your dream house

There’s no way to put it mildly—building a house will cost you. Many Filipino families dream of building and living in their own homes, but it doesn’t come cheap. The cost of today’s home would run up to more than a million pesos, an amount that doesn’t easily come by. From building materials to contractor fees, there are many factors that affect the cost...

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Investor’s thrust: Projects in Cebu’s hospitality sector

Homegrown developer, Duros Land, rides tourism wave: Breaks ground for Minore Center and Hotel project Responding to the growing tourism market in Cebu, more developers are pouring investments into hospitality-related structures. The latest homegrown developer to ride the tourism wave is Duros Land Properties Inc. which recently broke ground for its Minore C...

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Find a home and make it happen

So you’re all set: you want a home and you’re ready to go out and make it happen. As a precaution, however, you will need to know exactly what you’re getting into before jumping in, particularly when it comes to buying a home and most especially, when you’re taking out a loan. In this case, you will need to pore over and scrutinize the fine print to make sure t...

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