PEZA investment pledges drop by 22%; 2nd tax package blamed
By Roy Stephen C. Canivel
Philippine Daily Inquirer / 03:57 PM April 6, 2018
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The Philippine Economic Zone Authority (Peza) blamed the drop in investment pledges for the first two months of the year to the second comprehensive tax package, which is being pushed despite some investor concerns.
The 22-percent decline should not be a surprise to the national government, noting that the government “knows” what Peza-registered companies have been complaining about, Peza Director General Charito Plaza pointed out.
This came amid a report of the latest Peza performance, showing that investment commitments for January and February fell 21.7 percent to P20.99 billion compared to P26.81 billion in the first two months of 2017.
While Peza did not provide the latest figures for the month of February alone, the numbers suggest that the month dragged down the growth seen at the start of the year.
“Government knows why [pledges dropped] because business chambers, foreign embassies, and industry locators sent their petitions to DOF [Department of Finance] and Congress about their opposition of TRAIN 2,” she said, referring to the second tax package.
The second tax package has just been filed in Congress under House Bill No.7458. The bill is similar to the proposal raised by the Department of Finance earlier this year.
The bill would gradually lower the corporate income tax, which ranks among the highest in the region, while rationalizing tax incentives.
This uncertainty causes woes on the part of Peza, especially since it is this investment promotion agency that has been mainly using these incentives to attract more investors.
“It’s not about Peza performance. All industries are fighting for retention of Peza incentives, which we are also fighting for,” she said in a mix of English and Filipino.
Earlier this year, Plaza said her agency would be offering a counter-proposal in response to the second package. Instead of reducing the current menu of incentives, she intends to improve it by increasing the list.
However, she has not yet disclosed the finer details of this counter-proposal.
Sta. Lucia raises funds via notes facility
By Amy R. Remo
Philippine Daily Inquirer / 02:35 AM April 7, 2018
Publicly listed Sta. Lucia Land Inc. (SLI) said it signed a P5-billion notes facility with several banks to help fund its projects.
Part of the proceeds will also be used to pay existing debts, said SLI in a disclosure to the Philippine Stock Exchange last month.
According to SLI, China Bank Capital Corp. was the sole arranger and bookrunner while Development Bank of the Philippines (DBP) acted as co-manager. China Bank Savings Inc., China Banking Corp., DBP, and Maybank Philippines Inc. meanwhile are note holders.
This latest fundraising was said to form part of the company’s plans to partially finance an up to P15-billion, three-year capital expenditure program.
In January, SLI disclosed that it was authorized to avail of a seven-year corporate note facility with financial institutions, for an aggregate amount of P3 billion and with an overallotment option of P2 billion. It also announced that it would enter into joint ventures to develop projects spanning some 1.4 million sqm spread in different sites.
IMI ranks 18th largest EMS company in the world
By Doris Dumlao-Abadilla
Philippine Daily Inquirer / 05:08 AM April 9, 2018
Ayala-led Integrated Micro-Electronics Inc. (IMI) is now the world’s 18th largest electronics manufacturing services (EMS) based on global revenue which exceeded $1 billion last year, improving its global ranking by two notches from the previous year.
Laguna-based IMI is also the only Philippine-based firm on the top 50 list of EMS companies in the world for 2017 culled by Manufacturing Market Insider, the first and only publication dedicated to contract manufacturing of electronics.
The company recorded $1.1 billion in global revenue in 2017, marking a 29-percent year-on-year growth.
It has moved up from its previous rank of 20th on the list for 2016, when its global EMS revenue hit $843 million.
EMS refers to companies that design, assemble, produce and test electronic components for original equipment manufacturers (OEMs). It is a contract manufacturer in the electronics industry but apart from making products for OEMs, an EMS firm typically provides other value-added services.
IMI specializes in electronics for long product life cycle segments such as automotive and industrial electronics.
DoubleDragon’s Citymall inks deal with SM unit
By Doris Dumlao-Abadilla
Philippine Daily Inquirer / 05:20 AM April 7, 2018
The shopping mall arm of property developer DoubleDragon Properties Corp. has signed 10-year contracts amounting to P4.97 billion for 22 SM Savemore supermarkets that will be set up in each of its additional community malls that will open this year.
The new lease contracts signed by DoubleDragon subsidiary CityMall Commercial Centers Inc. cover only the supermarket lease for the 22 additional CityMall sites that are expected to open within the year, DD said in a statement.
Just from supermarket tenants alone, the 100 CityMalls in the pipeline through 2020 are expected to generate at least P20 billion in rental income in the first 10 years of operations.
“The signing of another 22 SM Savemore Supermarkets to locate in our soon-to-open CityMalls, is a testament to the value of what CityMall is providing to modern retail brands and the relevance of the platform we provide in their expansion into the next frontier of retail,” said Hannah Yulo, chief investment officer of DoubleDragon.
As of end-2017, DoubleDragon has completed 332,500 square meters of leasable space, which is expected to expand to 600,000 sqm by this yearend.
As of the first quarter of 2018, the first 28 operational malls in the portfolio are about 95 percent leased out.
“We now have 28 operational malls, plus the 22 more malls slated for completion this year, we are in line with our goal of having 50 completed malls by the end of this year,” said DoubleDragon chair Edgar Sia II.
DoubleDragon sees two key developments making CityMall’s community malls more relevant to provincial areas: the organic shift from traditional retail to modern retail in third-tier cities and the noticeable penetration of e-commerce in the tier 1 urban areas of the country. These are seen to make expansion into CityMalls more and more critical to modern retail tenants seeking to hedge exposure against the disruptive rise of e-commerce.
DoubleDragon expects the inflection point of these transitions to be felt within the next three years, just in time for the completion of the company’s goal of having a strong network of 100 CityMalls in the provinces.
To date, Sia said CityMall had started to gain significant traction in the countryside.
“For the past three years, DoubleDragon has planted the seeds and necessary groundwork that will enable the company to play a major role in this retail transformation as we continue to expand in what will essentially be the most important market one day as e-commerce continues to disrupt the urban market,” Sia said.
“The business model of CityMall is positioned to remain relevant beyond the age of digitalization because we focus on delivering only basic necessities, and generally, the supermarket, cinema, services and food tenants combined occupy more than 70 percent of a typical CityMall. CityMalls are also conveniently located in provincial city centers within close reach of its market,” he added.
PBSP says Mindanao LGUs need to shape up to draw investors
By Carmelito Q. Francisco
BusinessWorld / 09:02 PM April 8, 2018
DAVAO CITY — The Philippine Business for Social Progress (PBSP), a corporate-led non-profit foundation, has urged local leaders in Mindanao to improve governance standards and take initiatives that will strengthen their direct participation in development and investment projects.
PBSP Chair Miguel Rene A. Dominguez, a former governor of Sarangani province, said local governments — provincial, city, and municipal levels — need to show potential investors that their respective areas are ready to host business ventures.
“They (LGUs) need to be able to institute reforms and other policy initiatives geared toward the building of confidence among investors,” said Mr. Dominguez at the sidelines of last Friday’s launching of the Mindanao Jobs Report (MJR) here.
He pointed out that although Mindanao has vast growth areas for agriculture, farmers have remained poor because they cannot increase productivity and need capital support for better technology and market links.
LGUs, Mr. Dominguez said, can create an attractive investment landscape and help farmers convince investors that they can grow their capital in their localities.
The PBSP, in partnership with the Mindanao Development Authority, launched in 2014 an inclusive development program to encourage investors to consider possibilities in Mindanao, especially in areas outside the established urban and growth zones.
Meanwhile, the World Bank and the Philippine government are crafting a new program, similar to the Mindanao Rural Development Program (MRDP), that will serve as another mechanism for bringing growth in the rural areas.
Mara K. Warwick, World Bank country director for the Philippines, Brunei, Malaysia, and Thailand, said the proposed program is “still in the initial stages” with ongoing discussions with the Department of Agriculture (DA).
The DA was the lead agency in the implementation of the MRDP, which has now been upscaled into the Philippine Rural Development Project (PRDP).
Ms. Warwick said while similar to the MRDP, “there will always be differences” for the new one, which would be largely based on the Mindanao Jobs Report.
The study recommends a focus on increasing agricultural productivity and boosting human capital.
The MRDP was aimed at addressing poverty in the rural areas of Mindanao by putting in place key infrastructure interventions like farm-to-market roads and irrigation systems, enterprise components and environmental preservation initiatives.
Under the program, LGUs needed to apply for funding for their projects as well as provide a minimal financial counterpart for implementation.
Provincial gov’t to build up northern Iloilo tourism
By Louine Hope U. Conserva
BusinessWorld / 09:04 PM April 8, 2018
THE ILOILO provincial government is planning to create a Northern Iloilo Tourism Authority (NITA) to take the lead in developing the islands in the province’s 5th district into tourism sites.
“We want to prepare the whole northern Iloilo, especially Concepcion, which has 17 islands while the town of Carles, which has 22 or I think 24, to be real tourist destinations,” said Gov. Arthur D. Defensor Sr.
Among the existing tourist destinations in northern Iloilo are Gigantes Island, Sicogon Island, Cabugao Gamay Island, and Pawikan Cave in Carles town; Marbuena Island Resort in Ajuy; Agho Island, Pan de Azucar, and Sandbar Island Beach Resort in Concepcion. However, Mr. Defensor said these sites still lack accommodation facilities. “We are looking at where to place the hotels and facilities — in the mainland or in the islands. Because what some tourists do is to go there for island hopping then go home in the evening,” he said.
The governor said they are now looking at the legislative process for creating the NITA. Mr. Defensor will meet with the northern Iloilo municipal mayors to discuss the plans after the scheduled League of Municipalities of the Philippines-Iloilo assembly on April 10-13.
In a previous interview, Provincial Tourism Office head Gilbert Marin said the 5th District was the top tourism destination in Iloilo province in 2017, accounting for 40% of the total 310,878 tourist arrivals.
Negros Oriental bans permits for coal power plants
By Victor V. Saulon
BusinessWorld / 09:25 PM April 8, 2018
THE provincial board of Negros Oriental has issued a resolution banning the use of coal as a source of energy throughout the province, adding to the number of local governments that have decided to eradicate the use of the fossil fuel.
In an order dated March 28, Governor Roel R. Degamo signed a policy that all offices and local government instrumentalities in the province “shall not issue any permit, authorization, endorsement, or any expression of support to the development of coal-fired power plants.”
His declaration that Negros Oriental is an “environment-friendly and clean energy province” follows similar issuances by other local governments such as Guimaras, Sorsogon and Ilocos Norte.
Along with the order, the province has opted to use clean and renewable energy in its 19 municipalities and six cities to support economic growth and do away with activities harmful to the environment.
It said as a step forward, the province will stop using coal as an energy source because of its impact on the environment, including high carbon emissions on health and global climate.
The new provincial executive order supports the government’s goal of meeting its commitments in line with the Instrument of Accession to the Paris Agreement on Climate Change, which was signed by the President.
The agreement identifies the critical impact of global warming and the need to address this issue through programs that aim to cut carbon emission.
Based on data from the Department of Energy, the province hosts two geothermal power plants — the 49.4 megawatt (MW) facility in Nasulo and the 192.5 MW Palinpinon plant in Valencia. They are respectively run by Energy Development Corp. and its unit Green Core Geothermal, Inc.
Three upcoming projects in the province will all be using hydroelectric power. These are three separate facilities in Amian under Natural Power Sources Integration, Inc. with a capacities of 3.2 MW, 0.8 MW and 1.5 MW. The target testing and commissioning date of the first two is in December 2020, with the last one in December 2025.
Four separate projects using solar, hydropower, wind and battery storage technologies are in the “indicative” stage, or the project phase where the proponents are in the process of securing permits or negotiating project financing.
Gov’t targets 2018 OK for all major projects
BusinessWorld / 12:31 AM April 9, 2018
THE CURRENT ADMINISTRATION hopes to get the green light for all its flagship infrastructure projects by yearend — as it approaches the midpoint of its six-year term in 2019, a chief economic manager said on Sunday.
“Of the 75 high-impact and big-ticket projects we have identified, 23 projects have completed the approval process and are now shovel-ready. We expect the rest of the projects to pass the approval process this year,” Finance Secretary Carlos G. Dominguez III — who is part of the National Economic and Development Authority Board that gives the final approval for major projects — said in a speech at the April 5 World Bank-Singapore Infrastructure Finance Summit that was attended by Southeast Asian finance ministers and investors.
A statement on Sunday of the Finance department had lifted excerpts from the speech.
The administration plans to hike infrastructure spending to 7.3% of gross domestic product by 2022, when President Rodrigo R. Duterte ends his six-year term, from 5.4% in 2017 in a bid to prod GDP growth to 7-8% annually until 2022 from 2017’s 6.7% and a 6.3% average in 2010-2016. — EJCT
Boracay eyes waste-to-energy facilities amid excess garbage
By Victor V. Saulon
BusinessWorld / 09:22 PM April 8, 2018
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BORACAY authorities are considering a waste-to-energy facility as a long-term solution to the tourist destination’s garbage problem which has contributed to state agencies recommending its closure starting April 26.
“It is going to be entered into by the local government and the private sector,” said Jonas R. Leones, undersecretary of the Department of Environment and Natural Resources, on the sidelines of briefing to announce the agency’s rehabilitation plans during the island’s closure to tourists.
“We were informed that the local government has already talked to someone. They already have a potential partnership,” he said.
He said the capacity of the proposed power plant will depend on the waste being generated by the island, which he estimated at around 90 to 115 tons per day.
He said the island is able to haul out only about 30 to 40 tons daily, leaving a mounting garbage problem that could potentially render the island’s waters unsafe for residents and tourists.
There is a corresponding number of megawatts that can be generated from the excess waste, he said.
Should the project materialize, Boracay will add to the growing number of local governments that are opting to adopt waste-to-energy as a solution to their garbage problem.
For instance, Davao City is planning to build a waste-to-energy facility that can produce around 12 megawatts (MW) of electricity once completed in the next four years. The project is planned to accommodate 600 tons of waste per day. Cebu City and Clark, Pampanga are reportedly also considering similar technologies.
Davao City is looking at the first quarter of 2022 as the target completion date of the project, making it one of the early advocates of waste-to-energy technology. Its project will be partly funded in part by 5.013-billion yen in official development assistance from the Japanese government, and in part from possible private sector investors.
Boracay’s garbage problem prompted the DENR, Department of Tourism and Department of Interior and Local Government to recommend the island’s closure to visitors, a move affirmed by the President.
The rehabilitation of Boracay is set for six months, although the duration may be shortened depending on the progress of the revival efforts after what the DENR called “many years of unbridled expansion and the influx of mass tourism.”
DSWD, DoLE gear up for assistance to Boracay workers
By Louine Hope U. Conserva
BusinessWorld / 09:05 PM April 8, 2018
THE Department of Social Welfare and Development (DSWD), as chair of the National Disaster Risk Reduction and Management Council, has called for an inter-agency social response for workers and families who will be affected by the temporary closure of the popular tourist destination Boracay.
“We know that the closure will have significant negative effects on households and employment. We will work as best as we can to mitigate these effects by engaging in convergence efforts with other government agencies,” DSWD Officer in Charge Emmanuel A. Leyco said in a statement released Friday.
The government has announced that Boracay, which has been plagued by environmental abuse, will be closed for six months starting April 26. Mr. Leyco said he already had preliminary discussions with the respective heads of the Department of Environment and Natural Resources (DENR) as well as the Department of Labor and Employment (DoLE) for synchronized response efforts.
The DSWD is set to activate two operations centers in Aklan on April 26, one in Boracay and one in the mainland in front of the Malay municipal hall, to facilitate the release of assistance and emergency welfare services. Meanwhile, the DoLE-Western Visayas office said affected workers can avail of a one-month emergency employment from the agency while other assistance programs are also being prepared. DoLE said more than 17,000 workers are expected to be displaced by the island closure.
Duterte mulls turning Boracay into ‘land reform area’ for farmers
By Arjay L. Balinbin
BusinessWorld / 06:13 PM April 9, 2018
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President Rodrigo R. Duterte announced on Monday, April 9, that the controversial Boracay island may be subject to land reform coverage.
The President made his remarks a few days after he approved the six-month closure of the island beginning April 26.
“So maybe after that, I-land reform ko lahat yan (I will put it all under land reform program), then I’ll give it to the farmers. I’ll give them the tractors,” Mr. Duterte said in his speech at the Davao International Airport in Davao City prior to his departure for China and Hong Kong.
As for the business sector, the President said: “How about the business? Well, I’m sorry but that is the law. The law says it is forestal, agricultural. Why would I deviate from that? Do I have a good reason to do so?
Former President Gloria M. Arroyo signed the Proclamation No. 1064 that “classifies Boracay Island situated in the Municipality of Malay, Province of Aklan as Forestland (for Protection purposes) and Agricultural Land (Alienable and Disposable) in accordance with the provisions of Commonwealth Act 141, otherwise known as the Public Land Act and Section 13 of Presidential Decree No. 705 otherwise known as Forestry Reform Code of the Philippines, subject to actual ground survey and delineation.”
Mr. Duterte stressed that the island is going to be a land reform area for Filipinos. “If they want to build something there, they can.”
The President also denied speculations that there is a planned construction of a giant casino on the island.
“I never said about building anything or even a nipa hut there. What I said is that the island itself is owned by the government. I’ve said before that it is agricultural and forestal. Unless there is a law or a proclamation of the President setting aside anything there, an inch of land, maybe, then that would be all right for all those people to go in,” he explained.
Ejercito to propose review of Banaue Rice Terraces
By Camille A. Aguinaldo
BusinessWorld / 09:07 PM April 9, 2018
SENATOR Joseph Victor G. Ejercito plans to file a resolution looking into the “deteriorating” state of another tourist destination, the Banaue Rice Terraces in Ifugao province.
“Like Boracay, we need drastic measures to save it,” he said in a mobile message to reporters on Monday. Mr. Ejercito’s plans was prompted by his visit over the weekend in the Cordillera region, where he observed that the Banaue Rice Terraces, a UNESCO Heritage Site, is under threat from residential structures.
He added that the “younger generation” in the area have lost interest in farming and there may no longer be cultivators in the future. Mr. Ejercito will discuss his proposal with Senator Nancy S. Binay, chair of the committee on tourism.
APFC aims to have 30 FastCats by 2020
By Charmaine A. Tadalan
BusinessWorld / 12:03 AM April 6, 2018
FASTCAT operator Archipelago Philippine Ferries Corp. (APFC) is aiming have 30 vessels in its fleet by 2020.
“To complete our fleeting of 30 ships by 2020, we need 18 ships,” APFC President and Chief Executive Officer Christopher S. Pastrana told reporters in a briefing on Thursday.
At present, FastCat currently operates 12 ferries.
On Thursday, APFC signed a P1.726-billion, 12-year loan agreement
When you’re considering buying a new home, never forget to scout the neighborhood first.
More often than not, the kind of environment you’ll buy into can make or break your
experience. Your home is an investment and you have to make sure you’ll enjoy it in the long
term. But how?
Here are five questions you need answers for to know if your dream home is in your dream
What do you want around you?
Look around the neighborhood you’re considering and see if any of the amenities you prefer to
be near are present. If you’re a foodie, you may prefer restaurants and cafés near your place. If
you’re artsy, perhaps bookshops and open spaces where you can get inspiration. If you have
pets and kids, you’d probably want to live near a park or a beach where you can spend quality
time with them. It’s different for everybody, so make sure you do some introspection to find
the right fit for you.
What don’t you have in your current community?
This may seem like an odd question to ask but it’s necessary. Knowing what you want to add in
your life is one of the reasons you considered getting a new home in the first place. Maybe you
don’t have grocery stores nearby and you want to be able to shop closer to home. Maybe you
need a gym available to you. Think of things you’ve been missing from where you currently live
and look out for those things.
How far are you willing to commute or drive?
Ask yourself how you plan to get around. If you drive, how far – and long – are you willing to
drive to and from your home? Is public transportation available for emergencies? Are there
traffic jams in the area? Consider how this transit time will affect your quality of life. This is one
of the most important things to consider. You wouldn’t want to start your days dreading the
traffic, would you?
Is it safe?
Perhaps the most important factor out of everything in this list is safety. Your home should be a
place where you, your family, and your belongings are secure. No one deserves to feel
threatened in their space. Ask around among the area’s homeowners and your potential
neighbors if there are risks you should know about.
Can you picture yourself there in the long term?
As we’ve discussed before, a home is an investment. If you can’t see yourself making use of and
enjoying your investment, it’s probably not the right place for you. There are a lot of options out there in the market and you’ll have to be patient until you come across the right fit. Believe
us, it exists.
Once you’ve got your answers to the questions above, you’ll be ready to hunt for your new
Don’t miss the opportunity to check out the new standard for Aussie living here in Cebu, Le
Menda Residences. Le Menda is located at a peaceful, safe, and high-end neighborhood in
Lahug’s Veteran Drive. Lahug is a magical blend of urban life with country feels. If you do decide
to avail of one of our magnificent units, you’ll enjoy daily private views of the Cebu cityscape
and the dazzling blue sea Cebu is famous for. Not only that, but you’ll have access to all the
amenities you’ll need right in our property! We have a pool, kiddie pool, gym, spa, restaurant,
convenience store, laundromat, theatre and game room, and so much more. You’ll find
everything you need at Le Menda.
So don’t miss this chance to find your perfect home today. Talk to one of our agents now!
Investments are tricky, even more so when they’re as personal as a home. It is important
to be able to make an informed choice when you decide where to put your money in. As
a condominium unit is essentially a shared piece of property, it is even more crucial to
do your homework and find out everything there is to learn about it.
Know what the condo includes
This may seem too obvious but a lot of the time, buyers only ask surface
questions. It is important to ask if you are entitled to your own parking space
or if there are additional charges for it. What amenities are you privileged
with? What appliances and furniture come with the unit? Are you allowed to
alter and/or replace them? Can you renovate the space according to your
preference? Questions like these will help you picture the kind of life you
intend to live in your potential space, so don’t be shy.
Know whether the building is insured
In a tropical country that is prone to natural disasters like the Philippines, it
is important to know if you have backup in case an earthquake hits. Safety
and security is a major factor, as well as knowing whether, if worse comes to
worse, you have financial backing for your home. You’ll be able to sleep more
soundly in the midst of a storm knowing that your home and your financial
investment is stormproof.
Know who maintains the property
Finding out who maintains the building of your condo unit is like getting to
know your neighbors when you move into a new town. You’ll have a pretty
good idea the kind of environment you’ll be in, whether they keep the lawn
clean or, in this case, the hallway. Things like troubleshooting and upkeep are
essential to maintain kind of lifestyle you are buying into. It doesn’t pay to
have a pool when the pool is dirty half the time. Or if the garbage shoot is
clogged, security is sloppy, and the clinic isn’t properly manned. The
amenities available in the property you’re buying into is only as good as the
maintenance that keeps them useable.
As mentioned previously, these are things you need to look into before making your
decision. If your agent is hesitant to disclose certain information, remember that as an
investor, you are entitled to learn as much as you can about a property you are buying
into. Don’t be intimidated out of asking questions.
With Le Menda, you never have to wonder. You get to live independently with your own
furnished condominium! Situated in a high-end residential area, Le Menda is developed
by Vestahomes Commercial Incorporated. Not only will you have gorgeous sweeping views of the Queen City of the City, you will also experience the Aussie standard of living on a daily basis!
Home theater system with LED TV
Split AC unit
Window type AC
o Smoke detectors
o Intercom system
o Range hood
o Shower enclosure
o Water heater
o Kitchen cabinets
Postal box area
Water filling station
Day Care Center
Gym /Fitness Center
Table tennis/Billiards Room
What are you waiting for? Talk to one of our agents today!
In the urban setting, every square footage you have is precious commodity. Making
use of every available space takes creativity and careful planning, so we’re here to help
Here are a few hacks to make sure no space goes to waste!
Every home can be organized and chic no matter how small or limited the space is.
With just a few tricks, you can make it happen! Make sure you choose a unit you can
In Le Menda, choosing the condo that is a good fit for you is a breeze! Each tastefully-appointed unit comes with its very own home-theatre system with 40” smart TV, split AC unit, wardrobe, dresser, bed, bedside table, a 6 cu.ft. refrigerator, and a dining set. You won’t have to worry about buying furniture and appliances to fit your home because everything has been hand-picked and installed for you!
How’s that forforward-thinking? You’ll be saved from the stress of going back and forth the unit and the store to make sure each item fits, and you’d have more time to beautify your home.
That’s a huge chunk of planning already taken cared of, brought to you by Le Menda!
Talk to one of our agents and secure your brand-new condo unit today!
Having limited space can be quite challenging, so here we have compiled
multifunctional and space-saving tips you can use when planning out your new home!
Most of these are readily available in local stores or can be delivered from online shops,
while others you can make yourself. Whether you’re the DIY type or prefer shopping for
that perfect item, you’ll find something that will fit your needs.
Slide-in Pantry Shelf
Shelving units have the tendency to be bulky and take up space instead of
making space, save for this one. They make these slim so they can fit
snugly into narrow spaces such as between the fridge and the counter. Best
of all, there are rollers attached to the bottom so they can easily slide in
and out! If you’re handy with the toolbox, this can be easily made with
some fiberboards or laminated wood. But online stores stock up on these
and you may be lucky enough to find them on discount stores as well!
Maximize your vertical space by attaching baskets and hangers to your
walls. Wire baskets not only make neat storage for utensils but can also
look chic in your kitchen if you play them right!
Instead of round containers in your kitchen, opt to use square or
rectangular jars and boxes. These fit in together better and won’t take up
negative space in your counter. Always choose stackable containers so you
can utilize your vertical space and make room for more important
Herein comes the area where your creative juices will come in handy.
There are a number of spaces you never thought could be used as storage.
One of them is the underside of that overhead shelf, where you can attach
lids of jars for spices. That way, they are readily available when you need
them and you won’t have to dig in your spice shelf.
These are the more common types of multifunctional furniture. Stools that
can double as storage for linens or other items are all around nowadays.
Low shelves can be turned into lounge seats by attaching seat foam and
adding throw pillows. The underside of your bed can double as storage for
clothes as well!
While you can always find more solutions for your unit, it is important to have enough
initial storage space. Remember that before buying your home, make sure you have
enough space for your life now and that you won’t have to make adjustments when you
initially move in. With Le Menda, you’ll have the space you need and enough room to
make future adjustments! We have 24-square- meter studio units, 45-square- meter one-
bedroom units, 70-square- meter two-bedroom units, and even 84-square- meter three-
bedroom units for you to choose from. Each unit come with ample storage space and
furniture to suit your needs. You’ll find the unit that is a perfect fit for you and your
With a little creativity and forward-thinking, you can make the most out of your square
footage! Start building your home with Le Menda today!
Cebu, PH – It has been reported that improvement during the second quarter has created more
opportunities for the different sectors of Land Asia Realty and Development Corp to expand.
The different sub-sectors involved have a high possibility of increased employment due to the
new projects and possible expansions that will take place in the real estate industry.
The survey that was conducted by Bangko Sentral ng Pilipinas revealed an increase in
percentage of possible sectors that can expand. Sub-sectors that include the sectors of forestry,
quarrying, and mining have a high chance of expansion, which then leads to an increase of
hiring. With the expansions on the way, new projects will be created and more employees will
be hired in return.
Until recently, there has been steady decrease in investors because of the many policies that
has been pushed through by the current president of the United States of America, President
Donald Trump. However, results show that despite this setback, the expansion of firms and
companies are likely to happen due to the services sector experiencing a high confidence index.
The expansions will also prove to be advantageous towards the firm because of the success it
is experiencing as a real estate agent. As the leading real estate agent in the country, they
provide a variety of services to investors, landowners and future real estate property owners.
Services such as Rental Management, Research; Studies, Titling, Visa Conversion, Real
Estate Training; Education, Real Estate, Master Planning, and the like are available for those
who are interested in getting involved with world of real estate.
Land Asia Realty and Development Corp. is a company that envisions a significant increase in
quality among real estate properties. Their aim is to strive for excellent services when it comes
to residential and commercial real estate investments. With their over 25 years of experience,
they have the reputation and expertise in the country’s growing real estate industry.
To find out more about Land Asia Realty and Development Corp., visit their website at
landasia.ph/company/ and fill out their application form to be either a seller or a buyer. Their
website provides a detailed explanation and description on how to a buyer or a seller in the real
estate industry. Moreover, they post Real Estate Updates and Real Estate Laws for the benefit
and convenience of interested parties.
If you’re looking to buy a new home, congratulations are in order! The home is an integral part of adult life and it takes some serious discipline and wisdom to reach a point of financial stability to finally invest in one. And like any investments, the decision-making process won’t be as simple as we would have liked. Here are a few questions you should ask before picking your new home:
Does it have enough space?
A home must have space not only for you, but for your current and future possessions as well. How much stuff do you have? Is there enough closet space? Are you a foodie and need a bigger kitchen? Do you have kids who’d love a wide living room? Homes are divided into spaces and you should consider how and where you would spend your time while in it. For instance, individuals who work a lot and spend less time at home wouldn’t need a wide living area to lounge around and would prefer to have a comfortable bedroom they can rest well in. For newlyweds who are starting a family in the near future, the number of bedrooms and the size of the living area will have to be considered. So you see, your home must fit your and your family’s needs first so you have enough space to work on what you want.
Would you want to expand in the near future?
Change is constant and the home must also reflect that. If you foresee a big change soon, consider whether the space is flexible and fluid, and whether expansion wouldn’t be too costly and unwise. That is, does the property management allow renovations and refurbishing? Would you have to install fixtures yourself? Are there restrictions as to what you can install in your unit? Being well-prepared for anything will help you sleep better.
What amenities are available to you?
Herein comes personal preference again. Convenience matters more often than we like to admit and you must make sure that you have everything you need (and want) nearby. Laundromat, convenience stores, a swimming pool, a gym, a clinic, spas and salons, places to eat – these are the most basic things everyone will need one way or another. It’s important not to neglect your quality of life in the midst of all the hustle of daily life.
Is the neighborhood location convenient for your daily routine?
Do you go to work? Do you go to school? Where? Is medical care accessible? Are leisure areas easily reached? Do you want to be near family or friends? Is the neighborhood safe? The location of your home is as important as your home itself. What good is a gorgeous place when you have to spend two hours stuck in traffic just to get to work or school? Is the neighborhood clean and safe? Is it quiet? Or perhaps you want a more dynamic environment? Neglecting to consider the neighborhood is one of the most common mistakes homebuyers commit; make sure you won’t!
Will I need to move in the next five years?
Planning the next five years may be overwhelming for some, but at the very least, if your life plans may take you somewhere else in the next five years, it’s a big factor when choosing a home. Not that you shouldn’t get one, just make sure that it is sustainable and will still serve a purpose if and when you do move. After all, it is an investment and shouldn’t stop being one years after.
There are a few more things to consider before sealing the deal, but those questions are necessary to get you started. Finding the perfect place will be a challenging journey, but we’re happy to help.
If you’re looking for a place that has everything you need, look no further than Le Menda Residences! You can choose between a 24-square-meter studio unit, 45-square-meter one-bedroom, 70-square-meter 2 bedroom, and an 84-square-meter three-bedroom unit, complete with the necessary fixtures and basic appliances that you can build on. You’ll have a gym, an infinity pool, a salon, a coffee shop, a game room, and even a movie theatre! It is conveniently located in a prime location, close enough to the city center to be convenient yet distant enough to offer peace and quiet with spectacular views of the landscape. What more could you ask for?
For more information, please visit our website
http://www.vestahomes.com.ph/lemendaresidences and talk to one of our agents today!
In the midst of the hubbub of city life, finding serenity is a luxury not many can find. Escape the hustle and bustle that comes with urban living and find yourself a home in Le Menda Residences.
Le Menda Residences is the highest situated condominium in Cebu City, providing you magnificent views of the landscape from the lush greens of Busay to the shimmering blues of the sea in stark contrast to the city skyline. Set in a prime location inside Plazaville Subdivision, Veterans Drive, it is a stone’s throw away from the malls, restaurants, tourist spots, and major establishments in the city.
There are over 167 tastefully-appointed units spread across 21 floors, each reflecting the Aussie-inspired luxurious lifestyle for you to experience. Make it your own according to what fits your needs! You may choose from a studio unit with a total area of 24 square meters, a one-bedroom unit with a total area of 45 square meters, a two-bedroom unit with a total area of 70 square meters, and a three-bedroom unit with a total area of 84 square meters.
The interiors are specifically designed to maximize your space, featuring efficient layouts to simplify your daily routine. Each unit comes with the inclusion of a home theatre system with 40” smart TV and stand, split AC unit, wardrobe, dresser, bed, bedside table, window-type AC, 6 cu.ft. regrigerator, and a dining set. They are also each fixed with smoke detectors, an intercom system, sprinklers, a range hood, shower enclosure, a vanity, a water heater, and kitchen cabinets. Eliminating the stress from moving into a new home, Le Menda has everything you need right where you need them!
Have the perfect staycation and take a dip in the infinity pool while looking into a breathtaking view of the Cebu City skyline. Pamper yourself in our salon or get stronger in our world-class gym. Little ones will feel right at home in the daycare center or splashing around in the kiddie pool. Enjoy quality time with your family and friends at our coffee shop, barbeque area, or game room and movie theatre! Take part in life’s simple pleasures right at your doorstep.
Who knew luxury could be so convenient? With Le Menda Residences, you get to live the life you’ll never want to take a break from.
Make Le Menda Residences your home. Talk to one of our agents now!