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104 V. Ranudo St., Cogon Ramos, Cebu City
Tel. (63) 2390890 or (63) 5143342


North and Mactan Projects

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Cebuplaces Realty & Brokerage would like to challenge you whether you are a student, employee, working professional or a business person to explore your potential in real estate marketing and push out the edges of what you can be and achieve financial freedom. We are looking for people who are humble, teachable and willing to work hard full time or part time.We invite you to be part of our team today….email or contact us: at Tel no. (63) 2390890 or (63) 5143342 or visit us at our office at 104 V. Ranudo St., Cogon Ramos, Cebu City, besides Jo's Chicken Inato.

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Important Informations About Real Estate in Cebu

HMDF Loan Policies (Pag-ibig)
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Steps in Pag-ibig Loan Application
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Condominium and House and Lot ownership
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Understanding Real Estate Terminologies
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Forms of Contracts Under Philippine Laws
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National Code of Ethics in Realty Service Practice
Real Estate : How To Stay Positive in Today's Market
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Buying a Condominium in the Philippines
Cebu: Promising Area for Global Investments
Investors pour P4.7B in Lapu-lapu City, Mactan Cebu
Business' plan for Mactan
Cebu Trans-axial project now with Eco Enterprise Council
Cebu North coastal road may cost P2.3B
Cebu now top choice for BPO expansion
Becoming a Real Estate Salesman in the Philippines
Developing a Residential Condo in the Philippines
The Concept of Philippine Condominium Ownership
Invest in the Philippines
P 30B earmarked for low-cost housing loans
Effects of RA 9679 on OFW Pag-IBIG members
P1B Mingla reclamation project endorsed to PRA, Neda
Friendship Bridge to link Cebu, Bohol
MCIA Passenger Terminal Building
Mactan airport terminal 2 to open in 2018
DOH advises to close Inayawan landfill

Cebu: Promising Area for Global Investments

Why Cebu Is A Promising Area For Global Investments
Friday, May 30, 2008 [ ]

The House committee on economic affairs believes that Cebu is a promising area for future global investments, especially since the province is the "hub" of three major potential products in the country.

Committee members, however, admitted having apprehensions about the effects of the US economic slowdown, wage hike and oil price increases on local businesses.

The committee, which convened yesterday to conduct an ocular inspection and consultative meeting with locators of Cebu Mistumi Industries Inc. in Danao City to learn more about special economic zones, identified Cebu's three major potential products as the gun industry (in Danao), shipbuilding (in Balamban) and information technology (IT) infrastructure.

Rep. Roilo Golez of Parañaque City explained that Danao's "home-grown and growing" gun industry is one of Cebu's advantages since other areas cannot easily replicate it.

He also lauded Tsuneishi Heavy Industries that can build a bulk carrier in about 45 days and the Aboitiz-owned FBMA Marine Inc., which produces world-class boats for international clients, including the British Navy.

"If Tsuneishi and (South Korea's) Hanjin (Heavy Industries and Construction) in Subic will work together, the Philippines will become the fourth largest shipbuilding (industry) in the world, (next to) China, Japan and Korea. It used to be Norway, Poland, US and England. Now, we are very much in the picture," he said.


"Cebu is contributing to the Philippines (becoming) a major shipbuilder."

Having a good IT infrastructure, Golez said, enables hundreds of workers to work in call centers and animation development. He noted that Cebu "has a very good connection" with the foreign movie industry with the presence of Bigfoot Entertainment facilities here.

"I think the committee is not the only one eyeing Cebu as a priority area (for development), but also future investments of companies," he said.

Committee Chairman Ramon "Red" Durano VI (Cebu, 5th district) admitted that the body is aware of the apprehensions of the business sector to invest, expand or hire more workers with the looming US recession and the increases in oil prices and wages.

The Bangko Sentral ng Pilipinas (BSP) reported that Philippine companies are shelving plans to expand and hire more due to these factors.

This was based on a survey of 1,258 firms among the country's top 7,000 companies. The results showed fierce competition and weak demand as "key risks to business activity" from March to May.

"We are trying to come up with resolutions to tackle these. We will be having hearings to discuss how we can deal with these (factors)," Durano said in a news conference.

The House committee on economic affairs asked the management of Cebu Mitsumi Industries Inc. for recommendations on how the government can help industries.

Initially, Cebu Mitsumi director and corporate secretary Januario Seno asked the government to bring back the incentives that used to be extended to companies that put up facilities in the countryside, as well as to lower power rates. (NRC)

Courtesy from: Land Asia Institute Philippines

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