The Bacolod City government, through its Local Investment Board, recently granted tax exemptions to three more investors in the city.

These are Ocana Holdings Inc., Bacolod Capitol Hill Land Development Corp., and Fernando F. Gonzaga Inc.

Permits and Lincensing Division head Ardis Jaculina said the tax incentives were approved by the LIB, composed of government and non-government representation, after deliberation with the Business Development and Promotions Center, the office that caters to and facilitates the investment of the Bacolod City government.

Flood-control project
hikes real estate prices

ILOILO CITY - Demand for real estate in Iloilo City and the neighboring town of Pavia has increased significantly with the expected mitigation of the flood problem in the area after the completion of a multi-billion flood control project.

Iloilo City Mayor Jerry Treñas said the project helped boost property appraisal with investors optimistic that it will resolve the city's perennial flooding problem.

"Prices (of real property) are picking up," Treñas said at a project briefing of the Department of Public Works and Highways.

The mayor said the flood control project will end the long-running joke that houses in flood-prone subdivisions, especially in Jaro District, are offered for selling at "buy-one-take-one" packages. Pavia town mayor Arcadio Gorriceta said investors have poured in P1 billion for real estate development for the first quarter of this year because of prospects for a flood-free residential properties.

DA assures
sufficient corn supply

The Department of Agriculture has assured the public of sufficient corn supply in the wake of report that the country is having a shortage in its production.

Agriculture Secretary Arthur Yap said the only challenge is to properly match the production of farmers and the needs of the corn end-users. He said that since feed users are competing to buy the summer crop for its superior quality, the move is believed to lead to shortage.

But Yap said the DA corn program which allows corn farmers to plant during the months of February to April will enable them to harvest during the lean months.

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