Tuesday, April 8, 2014

Why minimum wage worsens poverty



MANILA, Philippines – Some Filipinos are now willing to work below minimum wage as long as they can earn money.
Based on the law, workers should be given minimum wage to ensure a decent standard of living for them and their families.
However, a study by the Philippine Institute for Development Studies showed that a higher minimum wage actually worsens poverty.
“Generally, (minimum wage is) not only unhelpful but highly detrimental to the welfare of the common man and the disadvantaged,” the report stated.
The PIDS report, Labor Policy Analysis for Jobs Expansion and Development, was written by Vicente Paqueo, Aniceto Orbeta, Leonardo Lanzona and Dean Dulay.
“Based on the findings, Because there’s a minimum wage, it prevents that kind of arrangement to happen,” Dr. Leonardo Lanzona of PIDS, one of the report’s authors, said.
The study says instead of uplifting the lives of poor families, minimum wage actually prevents them from finding a job, leading to a lower household income.

Home Mortgage Relief Act Of 2014 (Senate Bill No. 2148 full text) Proposes Tax Incentives For First-Time Homebuyers

Home Mortgage Relief Act Of 2014 (Senate Bill No. 2148 full text) Proposes Tax Incentives For First-Time Homebuyers

Thursday, April 3, 2014

Public Sealed Bidding of Pag-IBIG Foreclosed Properties In Davao Slated On April 7, 2014

Public Sealed Bidding of Pag-IBIG Foreclosed Properties In Davao Slated On April 7, 2014



pagibig-fund-logo

It's already April 2, 2014 and you can all be sure that this is not another April Fool's Day post.Pag-IBIG’s Davao Housing Hub-Committee on Disposition of Acquired Assets will be holding a sealed bidding on April 7, 2014 (Monday next week) for the sale of 100 of its acquired assets in Davao.This sale of Pag-IBIG foreclosed properties is perfect for those living in Davao, or those with … [Continue reading]


Source: http://www.foreclosurephilippines.com/#ixzz2xtUqgKqj

Tuesday, April 1, 2014

ForeclosurePhilippines.com To Be Sold For USD7.93 Million (Updated)

ForeclosurePhilippines.com To Be Sold For USD7.93 Million (Updated)



After thinking about this for more than a year, I believe it’s time.
This opportunity was first brought to our attention last March 2013, and
with recent updates, I just couldn’t ignore it anymore. With all the
hard work we put into the blog and the database, this might just be the
best time move-on.

It was a hard and
painful decision, but the numbers just made sense, and I believe anyone
in the same position would agree and grab the opportunity. With that
said, and with a heavy heart, we have decided to sell ForeclosurePhilippines.com for USD7.93 Million (about PHP 352.885 Million @ PHP44.50/USD) as indicated on the website valuation below.

Notice To The Public For Quezon City Tax Delinquent Properties - Auction Slated On May 15, 2014

Notice To The Public For Quezon City Tax Delinquent Properties - Auction Slated On May 15, 2014





  saw this Notice To The Public being posted outside the Real Estate
Division of the Quezon City Treasurer’s Office a couple of weeks ago
when we filed for the real property tax clearance for a property of a
client. I have finally found time to scan the list and upload it here.
Check it out below.

quezon city sealThe
notice to the public states that declared owners of the tax delinquent
real properties were served a copy of the Notice of Delinquency, but
these were returned because of refusal of acceptance, they have already
moved-out, the ddress cannot be located and/or change of address.

Through
the notice to the public, Quezon City Treasurer Edgar T. Villanueva
advised real property owners on the list to settle their real property
taxes to avoid the inclusion of their properties in the public auction
on May 15, 2014.

Maybank Yellow Garage Sale - Updated Pricelist of Repossessed Cars (Mandaue and Iloilo Warehouses)

Maybank Yellow Garage Sale - Updated Pricelist of Repossessed Cars (Mandaue and Iloilo Warehouses)



This will be a quick one, I just received this updated list of
repossessed cars from Maybank and I am posting it immediately (no
kidding!). Coined as “Yellow Garage Sale”, this list of repossessed cars has selling prices reduced at a special “PROMO PRICE” (last column on the pricelist). Check out the details below.

Philmay and maybank foreclosed propertiesThis
list has a total of thirty (30) repossessed cars located in their
Mandaue and Iloilo warehouses, and this is updated as of today, March
27, 2014.

Download the list of Maybank repossessed cars for sale (as of March 27, 2014)

312 Pag-IBIG Foreclosed Properties For Sale Through Public Sealed Bidding On April 2, 2014

312 Pag-IBIG Foreclosed Properties For Sale Through Public Sealed Bidding On April 2, 2014

A total of 312 Pag-IBIG foreclosed
properties are up for grabs in a public sealed bidding to be held on
April 2, 2014. The public sealed bidding includes foreclosed
properties/acquired assets, from 
Batangas, Bulacan, Laguna, Metro Manila, Rizal, and selected Cavite areas.

pagibig-fund-logoBidders are encouraged to inspect the properties before bidding. The properties will be sold on an “as-is, where-is” basis so take note which properties are occupied, and check the physical and legal condition of the properties.

Bids
may be submitted from 9:00 am to 12 noon of April 2, 2014 at the 7th
Flr. Conference Room of the JELP Business Solutions Center, 409 Shaw
Blvd. Mandaluyong City.





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