Gatchalian mulls law on microgrid development Senator Sherwin Gatchalian is eyeing the passage of a law that will spur microgrid development in missionary areas and far-flung places still not served by power distributors. Gatchalian, who chairs the Senate committee on energy, said the country needs a law to harmonize the setting up of microgrids with the existing franchise of electric cooperatives ECs.
Viber The various condominium developments serve as a testament to the increasing popularity of condominium living, especially in Metro Manila. And this preference is not without good reasons.
First, condominium developments are ideal for a densely populated city such as Metro Manila as they can accommodate as many as thousands of residents without occupying much land area. Condominium living also offers convenience to residents which traditional homes cannot. It has easily accessible facilities that promote and encourage healthy living — gym, swimming pool and running tracks — and provide entertainment and leisure to residents which allow them to take a break from the stresses of living a fast-paced urban life.
Most condominium projects are built around commercial and business hubs too. This makes it enticing for working professionals to purchase condominium units that are in proximity with their places of work, especially to avoid the notorious Manila traffic. Condominium units are relatively cheaper too than the traditional house-and-lot properties.
While buying a condominium unit sounds very enticing, like any other transaction, it can come with problems too. One of the most common concerns faced by buyers is the failure of the developer to turn over the unit within the period indicated in its license to sell or in the contract or its failure to develop the property in accordance with the plan and specifications approved by the Housing and Land Use Regulatory Board HLURB.
If you encounter this problem, Section 23 of Presidential Decree or the Condominium Act gives you two options: First, you can desist from further payment after due notice to the owner or developer of the project and clearance from the Board HLURB or, second, you can demand to be reimbursed the total amount paid, including amortization interests but excluding delinquency interests with interest thereon at the legal rate.
Another problem that usually besets condominium buyers who opt to purchase the property on installment basis is the inability to financially sustain the monthly amortization before the purchase price could be fully settled.
It is not far-fetched that the buyer may suddenly be faced with an emergency situation — an unexpected loss of a job or a health issue that needs an expensive medical treatment — and thus must back track from the contract.
If you find yourself in this situation, the first thing you must consider is your agreement or contract with the developer. Under this law, your remedies will depend on how many years worth of installments you have paid.
Section 3 of RA says that if you have paid at least two years of installments, you are entitled to the following rights in case you default on the payment of subsequent installments: First, you have the right to pay, without additional interest, the unpaid installments due within the total grace period for every one year of installment payments made.
ILOILO CITY -- Senator Sherwin Gatchalian on Tuesday said they made sure the implementation of Republic Act or Universal Access to Quality Tertiary Education Act of will have funds in the General Appropriations Act (GAA). Senator Sherwin Gatchalian on Monday expressed skepticism that a government plan to import some P2 billion worth of diesel from Singapore will help drivers of public utility jeepneys better cope with rising costs because there is no guarantee they will get the cheaper fuel. Sherwin-Williams is proud to be serving the professional painting contractor for more than years. In our long history together, we have based our business on one simple and strong foundation: Your success is our success. Sherwin-Williams offers everything you need from innovative coatings to paint supplies, equipment and more. Our 4,+ stores and 2,+ [ ].
The grace period is one month for every year-worth of installment. Thus, if you have paid three years of installments, you have three months as grace period within which to settle the unpaid installment.
However, you can exercise this right only once in every five years of the duration of the contract and its extensions, if any. Second, if the contract is canceled, the developer should refund to you the cash surrender value of the payments on the property equivalent to 50 percent of the total payments made and, after five years of installments, an additional five percent every year but not to exceed 90 percent of the total payments made.
You must take note that the actual cancelation or the demand for rescission of the contract must be by a notarial act and upon full payment of the cash surrender value to the buyer. Downpayments, deposits or options on the contract shall be included in the computation of the total number of installment payments made.For questions related to published decisions, resolutions and other general information about the Supreme Court: [email protected] Valenzuela City Rep.
Sherwin Gatchalian slammed yesterday the Department of Finance (DOF) for its anti-poor proposal to increase the value-added tax (VAT) from the current 12 percent to 14 percent and reduce exemptions in exchange for lawmakers’ plan to reduce income taxes.
In a bill filed by Senator Sherwin Gatchalian entitled Senate Bill No.
, the Commission on Election (Comelec) may cancel the certificate of candidacy (COC) if a person files it with an intention of collecting money or other unlawful or invalid reasons. The Valenzuela City School of Mathematics and Science (Filipino: Paaralang Pangmatematika at Pang-agham ng Lungsod ng Valenzuela), also referred to as VCSMS or ValMaSci, is a specialized public high school in Valenzuela City, Philippines.
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Morikis - The Sh You've seen it in the business. Sherwin-Williams is proud to be serving the professional painting contractor for more than years. In our long history together, we have based our business on one simple and strong foundation: Your success is our success.
Sherwin-Williams offers everything you need from innovative coatings to paint supplies, equipment and more. Our 4,+ stores and 2,+ [ ].