IS THE Philippine real estate bubble about to burst? We hate to be called bearers of bad news, but all indications seem to lead to that possibility.
Many would dispute this grim prognosis because a quick look at the current real estate industry would show that there appears to be no stopping the property market boom.
And that is exactly what property development moguls want the people especially their intended clients to believe- that the property boom is here to stay.
The top three developers, Ayala Land Inc., SM Prime, and Robinsons Land, and other smaller developers are getting ready to launch and open to the market 600,000 square meters of commercial and office spaces from now until 2018.
Malls are going to go up in selected areas in the country. To many undiscerning and ordinary people, this could be good news on the real property market in…
Senate Minority Leader Juan Ponce Enrile is now a free man, albeit, temporary. He was granted bail by the Supreme Court in a resolution that was announced early this week.
Legal experts say the SC decision to grant bail was some kind of an act of mercy by the SC.
Former Senate President Aquilino “Nene” Pimentel Jr. said Enrile’s grant of bail was mainly based on humanitarian considerations, given Enrile’s advanced age and voluntary surrender to the Sandiganbayan anti-graft court.
But Sen. Francis “Chiz” Escudero, who is a lawyer, has a different take on the matter.
“This is a seminal and precedent-setting decision on the right to bail given the unique theory used by Sen. Enrile,” Escudero said, adding that others co-accused on the PDAF scam —Senators Jinggoy Estrada and Ramon “Bong” Revilla — could benefit from the decision. The two are still detained at Camp…
ANOTHER looming automated poll fraud. That is how political observers have described the next year’s polls after the Commission on Elections (Comelec) on Thursday decided yet again to utilize Smartmatic - Total Information Management (TIM) Corp., as its partner and technology provider.
In fact, poll observers unanimously declared that the stage has been set for another Hocus-PCOS elections as the Comelec virtually allowed Smartmatic to have full control of next year’s political exercise.
Hocus-PCOS was a play of word derived from the word hocus-pocus which essentially means a trick performed by a magician or a juggler using sleight of hand to disguise deception or chicanery.
Critics of the Comelec came out with the word Hocus-PCOS to emphasize that the results of previous automated elections in 2010 and 2013, were actually manipulated to favor certain candidates through the help of Smartmatic’s precinct count optical scan (PCOS) machines.