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New guidelines set for Cebu City’s high-rise buildings

Cebu City Mayor Tomas Osmeña will now allow real estate developers to construct high rise buildings, or structures with more than four floors. Osmeña, however, required developers to comply with the new set of rules of the building code the Cebu City Government. “I have lifted the ban on high rise construction. We will release the order out but they have...

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PH may lose investment grade ratings, infra funds if LGUs get share from nat’l taxes

The Philippines stands to lose its investment-grade credit ratings and may have to stop construction of big-ticket infrastructure projects if the Supreme Court ruling that grants local government units (LGUs) a share from “all” national taxes gets implemented, Budget Secretary Benjamin E. Diokno said. As such, Diokno said they would ask the Office of the Solicitor General...

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CamSur launches P500-million iconic Capitol Building

THE provincial government of Camarines Sur (CamSur) officially launched last week its iconic P500-million Capitol Building, making it the first local government unit to construct a world-class and eco-friendly infrastructure that preserves culture and supports sustainable tourism, while creating a national symbol that will become a source of pride for the country and its people. &ldqu...

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Index retraces climb above 7000

All sectors ended in positive territory with the property and services counters among the biggest gainers, closing higher by 3.60 percent and 2.93 percent, respectively. MANILA, Philippines – The market...

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