HLURB stops sale of Riviera Condo Units

 

FULLY aware of the negative consequences that may arise especially on the part of unsuspecting buyers due to the ongoing court litigation case involving the property, the Housing Land Use and Regulatory Board (HLURB) has ordered a cease and order and suspension of license to sale of the units of the Four Seasons Riviera Condominiums in Manila.

The decision stemmed from the case filed in the HLURB by Solar Resources Inc. against Central Realty & Development Corporation and Federal Land who represent themselves as owners and developers of the property.

In its petition, Solar has presented a deed of…

Read more: HLURB stops sale of Riviera Condo Units

7 percent is not enough: Govt urged to strive for higher GDP

By Bernard Badilla -Toledo, Reporter

INDEPENDENT research group IBON Foundation has dared the Duterte government to aim for a higher Gross Domestic Product (GDP) growth than the 7 per cent that was attained by the past Aquino administration if it wants to strengthen the economy and provide the basic needs of the poor.

IBON also warned that the current administration could be staring at more economic troubles in the next months to come if it would simply be satisfied with the GDP left by the past administration.

GDP is defined as the total value of all the products and services…

Read more: 7 percent is not enough: Govt urged to strive for higher GDP

Buffett’s Berkshire is Moving on Tech

LIKE many people, I like Warren. I love his stodgy, old-fashioned ways, “If you don't feel comfortable owning something for 10 years, then don't own it for 10 minutes.”

For many years Warren avoided the tech companies. After the DotCom crash of 2000 to 2002, when the Nasdaq Composite lost 78%, he seemed like the sage everyone said he was.

He did not pick up value style companies in the e-commerce space. Even in that tech implosion event he went after the classic tech players such as GE and IBM.

He did not invest in the hyper bust Pets.Com…

Read more: Buffett’s Berkshire is Moving on Tech

Ongpin is just a ‘bat’, Digong must catch ‘Dracula’
The nearly-completed NAIA Expressway project. Photo from Skyscrapercity.com

By Ray L. Junia, Publisher

Is this true? A conglomerate is finding it hard to write off P18 -Billion combined losses from its mining and communications operations.

This is causing a headache to its foreign principal who has lately caught the attention of President Duterte.

The conglomerate has changed logos and names to appease the ‘Gods’. But it looks like even those are not working.

My advice to this foreign principal: stop sucking blood from Filipinos and the ‘Gods’ may smile again at his enterprises.

This foreign principal should be a “supreme…

Read more: Ongpin is just a ‘bat’, Digong must catch ‘Dracula’

Exports drop for 15th straight month

ECONOMIC planners have raised alarm bells as the drop in merchandise exports fell 11.4 percent in June – the 15th consecutive months that it happened mainly due to the persistent weak demand from major markets.

National Economic and Development Authority (NEDA) citing reports from Philippine Statistics Authority (PSA) data, said total export receipts fell to US $4.8 billion last June from US $5.4 billion in the same month last year due to lower sales in the nine major commodities out of the top ten export commodities for the month.

These include mineral products; machinery and transport equipment;…

Read more: Exports drop for 15th straight month

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