Sunday, August 9, 2009

Real Estate - Global ties will boostreal estate sector - VP Noli

Vice President Noli De Castro, Chairman of the Housing and Urban Development Coordinating Council (HUDCC), said today that the Philippine real estate sector stands to benefit as local industry players and related government agencies cemented ties with the International Real Estate Federation.

Vice President De Castro made this statement during the induction of officers of the Philippine Chapter of the Federation-known internationally by its French acronym, FIABCI.

De Castro, along with FIABCI World President-Elect Dato' Alan Tong Kok Mau, inducted the founding officers of FIABCI Philippines International, Inc. in a ceremony held at the Manila Hotel

The Vice President said that FIABCI-Philippines gives local real estate practitioners as well as government agencies "a link to a world of information, contacts and new opportunities."

He pointed out that the formation of the chapter is consistent with President Gloria Macapagal Arroyo's shelter policy of creating "an environment where the private real estate sector can take the lead in undertaking actual housing projects nationwide."

"For the government housing sector, being part of FIABCI-Philippines gives us a great opportunity to learn from the experience of other countries. At the same time, we will be able to share our own experiences, and make our own contribution to the growing body of global knowledge on housing, real estate and the economy," De Castro further stated.

FIABCI-Philippines was officially organized on November 12, 2003 by the Chamber of Real Estate and Builder's Association, Inc. (CREBA) upon the invitation of then FIABCI World President Daniel Teo.

The founding officers of the Philippine chapter include CREBA's Florentino Dulalia Jr. as President and Pag-IBIG President and CEO Romero Quimbo as Vice President.

The chapter's pioneering members include 30 real estate and property companies and three shelter agencies under HUDCC, namely the Pag-IBIG Fund, National Housing Authority (NHA) and National Home Mortgage Finance Corporation (NHMFC)

Based in Paris, FIABCI is a 52 year-old worldwide network of professionals involved in the property industry. It operates chapters in over 60 countries, embracing 3,200 individual members, 20 academic members and 100 different national professional associations.

http://www.pagibigfund.gov.ph/nr_apr2005d.htm

Real Estate - Philippine Real Estate Festival pinasalamatan ang Pangulong Arroyo

Koronadal City (24 July) -- Pinapurihan at pinasalamatan ng mga opisyal ng Philippine Real Estate Festival (PREF) ang Pangulong Arroyo sa masigasig na pagpapatupad ng mga fiscal at economic policies na may malaking nai-ambag upang ang bansa ay maka-survive sa negatibong epekto ng kasalukuyang krisis sa ekonomiya.

Sa kanyang mensahe, inihayag ni Rosemarie Basa, Chairman ng Philippine Real Estate na ang pagiging host nito sa gaganaping 3rd PREF ay may layuning makapaghikayat ng maraming dayuhang mamumuhunan lalo na yaong nagnanais magpatayo ng property projects sa bansa.

Hinikayat din ni Basa ang mga mamumuhunan na suriin ang estado ng mga real estate projects na isinagawa ng ilang miyembro ng Philippine Real Estate lalo na't ngayon umano ang mainam na pagkakataon para sa pamumuhunan.

Ani Basa malaki din ang naitulong ng maayos na samahan sa pagitan ng pamahalaan at pribadong sektor at tiwala siya na mas mapatatag din ang magandang samahan sa ilang sektor ng bansa.

Dagdag pa nito na sa kabila ng nararanasang pandaigdigang krisis sa ekonomiya ang real estate ng Pilipinas ay nananatiling matatag at pinasalamatan nito ang pamahalaan partikular na ang Pangulong Arroyo sa pagpapanatili ng matatag na financial sector at ang pagiging business-friendly economy ng Pilipinas. (Abbenal/PIA 12)

PIA Press Release
http://www.pia.gov.ph/?m=12&fi=p090724.htm&no=58&r=&y=&mo=

Real Estate - Help U Sell Continues Global Expansion With Office in the Philippines

Irvine, Calif. – Realty Information Systems, dba Help-U-Sell Real Estate, today announced the second phase of its global expansion, with the planned opening of an office in Legaspi Village, Makati City, Philippines. The office, which will be named Help-U-Sell Makati is owned by Daniel R. Dela Cruz, and will be located in the 2nd Floor P+L Building, Greenbelt One, 116 Legaspi Street.

Help-U-Sell Real Estate is the world’s premier provider of professional licensed real estate services, empowering consumers with access to information and choice, while offering a set-fee alternative to paying the ancient commission-based fee model. The Help-U-Sell Real Estate model was the pioneer and the leader for providing an alternative to the heavy, unfair burden of the traditional commission structure, which has virtually gone uncontested for years in a non transparent industry.

The set-fee model allows customers to choose the level of service they wish in their home buying or selling experience as well as save considerable amounts of money compared to traditional real estate models. In fact, Help-U-Sell Real Estate estimates that it saved sellers over $400 million in the past year compared to what they would have spent on 6% commissions to traditional brokers, thus allowing consumers to retain a significant portion of their equity.

The lower cost fee-for-service model has become increasingly appealing, as sellers are more concerned about protecting their equity and Help-U-Sell Real Estate’s menu-driven system gives the consumer choices in the level of service and a clear set fee. Clients of Help-U-Sell Real Estate have the added benefit of utilizing their savings for a down payment on another home, new furnishings or other important financial needs.

Today, 77% of real estate buyers are using the internet to search for a home. This high percentage means that technology has changed the role of the traditional broker forever, making the services they provide more consultative and specialized. Help-U-Sell Real Estate makes use of a targeted and proven marketing strategy, supported by a website with over 3 million listings and provides details on homes available through Help-U-Sell Real Estate. Buyers can obtain information without obligation and sellers are assured that they will receive a customized service and a fair return on their property without respect to the price of their home.

http://www.helpusell.ph/news_item.aspx?news_ref=41126

Landslide kills 3 French tourists

by Oliver Teves

THREE French tourists were among at least 12 people killed when heavy rain collapsed an earthen dike and fed landslides and floods that deluged towns and villages in Central Luzon, officials said yesterday.

A group of French and South Koreans were traveling on Mount Pinatubo on Thursday in three vehicles when a landslide blocked their path, trapping one of the cars, said Tarlac Gov. Victor Yap.

Three French nationals—a woman and two men—and their two Filipino guides were swept away in a flash flood. The five bodies were recovered separately Friday, said Fely Baun of the disaster coordinating council of Capas town.

The six French survivors—three men, including one with a fractured shoulder, and three women—were taken to the Central Luzon Doctors’ Hospital in Tarlac City and were to be taken to Manila later in the day, a hospital staffer said.

“They said the water suddenly rose and they were swept away by strong currents,” Yap told The Associated Press.

French Embassy Consul Arnold Rayar said he spoke with the survivors and they confirmed they were French.

The worst-hit area was Zambales province on the foothills of Mount Pinatubo.

More than 1,000 residents of Botolan town sheltered overnight at a school after days of pounding rain caused a 20-meter breach in the Pinatubo dike, sending the floodwaters as high as roofs, said regional police chief Leo Nilo de la Cruz.

A local tribal chief, Carling Dumulot, estimated that some 12,000 had evacuated their homes and said loosened trees carried by water and mud were slamming against houses and hindering evacuation efforts.

Three villages were completely under water, he said.

“There are many residents who spent the night shivering on the rooftops,” said De la Cruz.

An Air Force helicopter plucked trapped people from trees and rooftops.

At least two died in Botolan and surrounding areas, Zambales Gov. Amor Deloso said. The government closed all schools in the province and declared a state of emergency.

“Virtually all areas in the province had experienced flooding,” he said.

In Tarlac on Pinatubo’s northeastern side, police chief Rudu Lacadin said authorities recovered another two bodies.

Landslides in the northern Cordillera mountains separately killed three siblings aged 7 to 13 in Baguio City, said regional disaster agency chief Olive Luces. Their parents escaped, he said.

Six Chinese tourists from Hong Kong and four Filipino crewmen were rescued Thursday after their boat capsized because of big waves off Verde Island south of Manila, said Coast guard Spokesman Armand Balilo.

Monsoon rains have saturated the mountainous north, the central Visayas islands and Mindanao since last month, killing at least 20 people.

In 1991, Mount Pinatubo exploded in one of the world’s biggest volcanic eruptions of the 20th century, killing about 800 people and closing down the US-run Clark Air Base.

Millions of tons of volcanic debris on the mountain slopes pose a constant danger during heavy rain. AP

http://www.manilastandardtoday.com/insideNews.htm?f=2009/august/8/news6.isx&d=2009/august/8

Real estate law enacted, finally

Filed Under: Real Estate, Laws

MANILA, Philippines—After 20 years, the Real Estate Service Act (RESA) was signed into law by President Gloria Macapagal-Arroyo on June 29.

Republic Act No. 9646, hopes to professionalize and regulate the practice of real estate in the country through the development of technically competent, trained and accountable real estate practitioners in the country.

Under the new law, real estate consultants, appraisers, local government assessors and brokers will be overseen by the Professional Regulatory Board of Real Estate Service under the Professional Regulation Commission (PRC).

They will be subjected to a licensing process that will require them to pass a technical examination, comply with the program of continuing education and training, and observe the Code of Conduct and Responsibilities.

Salespersons, although not considered part of the professional group, will be accredited by the PRC, after undergoing training and working under a licensed real estate broker.

RESA will require real estate practitioners to post a Professional Indemnity Insurance/Cash or Surety Bond upon taking their oath to practice the profession before the PRC.

The new law is expected to stimulate the property market, encourage investments in construction and development, generate employment and increase revenues for the government.

It was sponsored in the House by Iloilo City Representative Rep. Raul T. Gonzalez Jr., chair of the Committee on Civil Service and Professional Regulation, and in the Senate by Sen. Panfilo M. Lacson, acting chair of the Committee on Civil Service and Government Reorganization.

The law, according to Senate President Juan Ponce Enrile, should protect the public from unscrupulous real estate service practitioners

Philippine Daily Inquirer

http://newsinfo.inquirer.net/breakingnews/nation/view/20090715-215519/Real-estate-law-enacted-finally

7 bodies pulled from Hudson after midair collision

HOBOKEN, N.J. – Divers pulled a helicopter and four more bodies out of the murky Hudson River on Sunday in their search for victims, wreckage and explanations from a midair collision of a sightseeing helicopter and a small plane that killed nine people.

The dead from Saturday's crash include three fathers and their three teenage sons. The private plane carried a family from Pennsylvania, and the helicopter held five Italian tourists celebrating a couple's 25th wedding anniversary.

The plane approached the helicopter, which had just taken off for a 12-minute tour, from behind and clipped it with a wing, witnesses said. Both aircraft split apart and fell into the river.

Searchers fought swift currents, dealt with visibility as low as one foot, and dodged debris dumped along the river bottom as they brought four more bodies on to boats. One was found in the fuselage of the helicopter, New Jersey State Police Sgt. Stephen Jones said. Two bodies remained missing.

A U.S. Army Corps of Engineers crane lifted the twisted wreckage of the helicopter from 30 feet of water. Nearby, a sonar scanner found the small plane wreckage, New York City police said. More plane wreckage was found farther out in the river under about 50 feet of water.

The collision happened in the same stretch of the Hudson where a US Airways jet landed safely seven months ago. It was the worst air disaster in New York City since a commercial jet crash in Queens killed 265 people in November 2001.

The searches went on as a steady stream of tour boats floated down the Hudson. Restrictions put in place after the crash kept sightseeing helicopter tours grounded Sunday.

Divers suspended their search at about 6 p.m. Sunday and it will resume Monday morning, National Transportation Safety Board spokesman Keith Holloway said.

Investigators from the National Transportation Safety Board were reviewing flight data from the Teterboro Airport, where the plane took off a little before noon on Saturday.

The plane was not required to have a flight plan and did not file one, said NTSB Chairman Debbie Hersman.

The plane was flying at about 1,100 feet at the time of the crash, she said. Below that altitude, planes in that part of the Hudson River corridor are to navigate visually. Above that, they need clearance from air traffic controllers.

The control tower at Teterboro handed off responsibility for the plane to the tower in Newark about a minute before the crash and told the pilot to contact Newark controllers, Hersman said. But the Newark officials never heard from the pilot.

Additionally, investigators were asking witnesses, thousands of whom were out enjoying a beautiful summer day when the aircraft went down, to provide photos and video capturing the crash and its immediate aftermath.

A pilot on the ground saw the plane approaching and tried to alert the helicopter. He radioed the doomed helicopter and said, "You have a fixed-wing behind you," but there was no response from the pilot, Hersman said.

Hersman said the helicopter was gaining altitude at the time of the crash.

One of the Italian victims was a husband celebrating his 25th wedding anniversary, a family friend said. His wife had stayed behind because she was afraid of flying, but their 16-year-old son was in the helicopter.

The five tourists were from the Bologna, Italy, area: Michele Norelli, 51; his son Filippo Norelli, 16; Fabio Gallazzi, 49; his wife, Tiziana Pedroni, 44; and their son Giacomo Gallazzi, 15.

The trip was a gift from Norelli's sister, family friend Giovanni Leporati said. "The anniversary already happened but they took advantage of the August holidays and went," Leporati told The Associated Press by phone.

The helicopter company, Liberty Helicopters, released the name of the pilot in the crash: Jeremy Clarke, of Lanoka Harbor, N.J. The NTSB said the pilot, who was born in 1976 and came to work for Liberty last year, had about 2,700 hours of flight time.

"I've flown with him, right after he had got his license," said his former mother-in-law, Betty Mallory. "He was a very responsible, very safe pilot. I wouldn't have had any hesitation flying with him."

The plane's pilot was 60-year-old Steven Altman, of Ambler, Pa., two law enforcement officials told the AP on the condition of anonymity because all the bodies have not yet been recovered or identified. Also in the plane were 49-year-old Daniel Altman, of Dresher, Pa.; and his 16-year-old son, Douglas, the officials said.

Two police cars stationed at driveway of the gated community where Steven Altman lived blocked reporters from entering.

The NTSB has long expressed concern that federal safety oversight of helicopter tours isn't rigorous enough. The Federal Aviation Administration hasn't implemented more than a dozen NTSB recommendations aimed at improving the safety of the tours, called on-demand flight operations.

A report by the U.S. Department of Transportation's inspector general last month found that 109 people died in accidents involving on-demand flights in 2007 and 2008, while no one died in commercial airline accidents.

There have been 119 midair collisions since 1999, excluding this one, the NTSB said. Of those, 63 were fatal, killing 162 people.

Liberty Tours runs sightseeing excursions around the Statue of Liberty, Ellis Island and Manhattan at costs ranging from $130 to about $1,000. Liberty helicopters have been involved in two previous accidents since 1997, but no one was injured.

___

Associated Press writers contributing to this report include: Deepti Hajela, Suzanne Ma and Amy Westfeldt in New York City, Victor Epstein in Hoboken, N.J., Beth DeFalco in Trenton, N.J., JoAnn Loviglio in Blue Bell, Pa., Colleen Long in Chicago, Ariel David in Rome and AP News researcher Julie Reed.

By GEOFF MULVIHILL, Associated Press Writer Geoff Mulvihill, Associated Press Writer

http://news.yahoo.com/s/ap/20090809/ap_on_re_us/us_hudson_mid_air_collision

Now hiring: Everywhere you didn't want to work

In this job market, even slaughterhouses and sewage plants look good to long-term unemployed

By Christopher Leonard, AP Business Writer


Some of the dirtiest, smelliest, most dangerous jobs are suddenly looking a lot more appealing in this economy. People who have been out of work for months are lining up for jobs at places they once considered unthinkable: slaughterhouses, sewage plants, prisons.

"I have to just shut my mouth because I can't do anything about it," said Nichole McRoberts of Sedalia, Mo., who pictured more for herself at age 30 than working in a poultry plant, cutting diseased or damaged flesh off chicken carcasses.

Recessions and tight job markets always force some people to take less-desirable or lower-paying work than they are used to. But this recession has been the most punishing job destroyer in at least 60 years, slashing a net total of 6.7 million jobs.

All told, 14.5 million people were out of work last month, with a jobless rate of 9.4 percent. The result is that many people have had to seek jobs they would not have considered in the past.

Take Kristen Thompson. Before the recession, she worked at an upscale Los Angeles-area gym arranging pricey one-on-one personal training sessions. Now she's a guard at a women's prison in rural Wyoming.

After the gym laid her off last year, Thompson spent months looking for work. Even fast food restaurants failed to respond to her application. For each opening, dozens of other people seemed willing to work for less money. When she heard that a prison in Lusk, Wyo., (population 1,447) was hiring, she leapt at the chance.

In her new job, she patrols cellblocks and monitors the mess hall. Back in L.A., she never had to worry about inmates with weapons or drug stashes or prisoners getting into fights. Yet she's hardly complaining. It's a job.

"People have to pay the bills, so what we see is people kind of grasping at straws and taking anything that's available," said Matthew Freedman, assistant professor of labor economics at Cornell University.

The desperation of the long-term jobless has rippled through the labor force. More skilled and educated workers have filled clerical or restaurant jobs. So unskilled workers such as teenagers or high school graduates who once held most of those positions have displaced those even lower on the economic ladder, such as immigrants, Freedman noted.

The intensified competition has hurt all workers -- even those who are still employed -- because it shrinks wages. Employers don't have to pay more to lure workers.

That helps explain why personal income fell 0.1 percent in June, excluding the one-time benefits of the government's stimulus program. Wages have fallen each month since October -- a total of 5 percent over the past eight months.

Indeed, many people who have had to downshift to unsavory jobs have found they're now earning less, too.

With two kids to support and just a high school diploma, McRoberts has few options in the job market.

"I feel like I'm not accomplishing much," said McRoberts, who lives with her boyfriend and children. "I'm paying my bills and my rent, but that's it."

A year ago, McRoberts had a good job building tool boxes at Waterloo Industries Inc. The work was fast-paced and fun. And the nearly $14 an hour was plenty for her and her boyfriend to pay the bills.

But as production slowed, Waterloo cut her hours. By February, she was out of a job.

Around Sedalia, some other employers had begun cutting staff, too. The result was a crowded job market and few openings.

As her options dwindled, McRoberts decided to apply at a Tyson Foods Inc. poultry plant. She found work on the "re-processing line," where damaged birds are sent by Agriculture Department inspectors who spot bruises or sores on carcasses.

The plant is wet and noisy. McRoberts worries about injuries when nearby workers use knives to cut birds in a hurry. She fears being sliced during a moment of distraction.

McRoberts spends evenings searching the Internet for other openings, but they are scarce.

"Until things start booming again, I can't go anywhere else," she said. "Otherwise I would."

Work at poultry plants has often been done by recent immigrants, who now face more competition for such jobs.

"It's easy for someone like your middle manager to take on a job at a poultry plant, because they have the skills to do many things. But for the immigrant, that might have been the only option," said Catherine Singley of the National Council of La Raza, an immigrant advocacy group in Washington.

Tyson spokesman Gary Mickelson said the company has seen a rise in applicants at most of its processing plants and "an increase in the qualifications and experience of those applying."

"Some applicants have recently lost jobs or are underemployed and are attracted to the full-time pay and benefits we offer," Mickelson said.

When officials in Stamford, Conn., posted a single position at the local sewage plant, more than 300 people raised their hands -- about twice the number who would seek such jobs before the recession.

About 100 of them made the cut and were allowed to take a test and interview. The work: Drying up wastewater sludge and operating chlorine tanks.

After months of unemployment, that job sounded appealing to 26-year-old Gary Cappiello of nearby Norwalk. Cappiello had worked in the maintenance department of a Target store before being laid off in the spring of last year.

"I'm just applying for anything now -- even if the job is low-paying or not a comfortable position," he said. "It's just getting to a desperate point. The bills need to be paid."

Recently, he found out he didn't make the cut at the sewage plant.

More fortunate is Ronnie Purtty, 50, who said he's grateful for his new job gathering trash in narrow St. Louis alleyways.

Purtty used to work in the air-conditioned cab of a truck, hauling steel to local factories. He was laid off last fall.

He spent four months looking for work before landing a job in March as a trash collector for the city's "bulk item" crew.

Wearing thick leather gloves, Purtty hauls sodden carpet, moldy mattresses and nail-studded lumber into a truck. As he sorts through mounds of garbage, he watches out for rats, spiders and raccoons.

He isn't complaining. It beats his long months of unemployment.

"I was blessed to get in here," he said.

http://finance.yahoo.com/news/Now-hiring-Everywhere-you-apf-2845647892.html?x=0&sec=topStories&pos=main&asset=&ccode=

Typhoon pummels China, forcing nearly 1M to flee

BEIJING – A typhoon pummeled China's eastern coast Sunday, toppling houses, flooding villages and forcing nearly a million people to flee to safety. Officials rode bicycles to distribute food to residents trapped by rising waters.

Typhoon Morakot struck after triggering the worst flooding in Taiwan 50 years, leaving dozens missing and feared dead and toppling a six-story hotel. It earlier lashed the Philippines, killing at least 21 people.

Morakot, which means "emerald" in Thai, made landfall in China's eastern Fujian province, carrying heavy rain and winds of 74 miles (119 kilometers) per hour, according the China Meteorological Administration. At least one child died after a house collapsed on him in Zhejiang province.

People stumbled with flashlights as the storm enveloped the town of Beibi in Fujian in darkness, the official Xinhua News Agency said. Strong winds uprooted trees or snapped them apart, while farmers tried to catch fish swept out of fish farms by high waves.

Village officials in Zhejiang rode bicycles to hand out drinking water and instant noodles to residents stranded by deep floods, while rescuers tried to reach eight sailors on a cargo ship blown onto a reef off Fujian, Xinhua reported.

Morakot was expected to weaken as it traveled north at about six miles (10 kilometers) per hour, but still bring strong winds and heavy rains to Shanghai, the meteorological administration said.

Flood control officials in Shanghai released water stored in inland rivers to reduce levels in preparation, Xinhua said.

About 1 million people were evacuated from China's eastern coastal provinces — more than 490,000 in Zhejiang and 505,000 in neighboring Fujian. Authorities in Fujian called 48,000 boats back to harbor.

Five houses were destroyed by heavy rain ahead of the typhoon's landfall, burying four adults and a 4-year-old boy in debris, Xinhua said. The child died after emergency treatment failed, it said.

Another 300 houses collapsed and thousands of acres (hectares) of farmland were inundated, Xinhua said.

Dozens of domestic flights were canceled and delayed in Fujian and Zhejiang, and bus service in Fujian's capital, Fuzhou, was suspended, it said.

Taiwan, meanwhile, was recovering after the storm dumped more than 80 inches (200 centimeters) of rain on some southern counties Friday and Saturday, the worst flooding to hit the area in half a century, the Central Weather Bureau reported.

Taiwan's Disaster Relief Center said a woman was killed when her vehicle plunged into a ditch in Kaohsiung county in heavy rain Friday, and two men drowned in Pingtung and Tainan. It said 31 were missing and feared dead.

Morakot hit Taiwan late Friday and crossed the island Saturday. The Disaster Relief Center reported Sunday that flash floods washed away a home in southern Kaohsiung, leaving 16 people missing. Three were swept away in southeastern Taitung county, including two policemen helping to evacuate villagers.

Twelve others were missing, including three fishermen from a capsized boat and three others whose cars fell into a rain-swollen river, it said.

In southern Pingtung county, 4,000 people were stranded in inundated villages waiting for police boats to rescue them, news media reported.

In Taitung county, a six-story hotel collapsed and plunged into a river after floodwaters eroded its base, but all 300 people inside were evacuated and uninjured, officials said.

In the northern Philippines, the typhoon and lingering monsoon rains left 21 people dead and seven others missing in landslides and floodwaters, including three European tourists who were swept away Thursday, the National Disaster Coordinating Council said Sunday.

The bodies of the Belgian and two French citizens were found Friday, the council said.

Meanwhile, Xinhua said three fishermen died and 26 others were missing from Tropical Storm Goni, which hit Guangdong on Wednesday but weakened into a tropical depression by Sunday. Helicopters and ships were searching for the missing crew.

___

Associated Press writers Annie Huang in Taipei and Jim Gomez in Manila contributed to this report.

http://news.yahoo.com/s/ap/20090809/ap_on_re_as/as_asia_storm
By GILLIAN WONG, Associated Press Writer