Wednesday, December 12, 2018

Apr 16 18, 10:02 am

Filipina bags gold medals, beats own record in swimming event in Dubai

A Filipina athlete has bagged several gold medals, beating her own record in a swimming event in Dubai. Micaela Jasmine Mojdeh snatched the gold medal and beat her personal swimming record after finishing the 200m butterfly event of the 2018 Hamilton Aquatics Winter...

POEA warns aspiring OFWs vs. job posts on social media

The Philippine Overseas Employment Administration (POEA) on Tuesday, December 11, reminded aspiring OFWs of the dangers of job opportunities abroad posted on social media. In an interview with Super Radyo dzBB, POEA administrator Bernard Olalia advised jobseekers to...

Pope Francis: People who break away from God can’t smile

CNA – For Pope Francis, one of most needed virtues of modern time is hope, which is something he said must never be abandoned no matter how hard life gets, and which is often expressed in the simple act of a smile. “When we are in darkness and difficulty the smile...

Can a foreigner legally purchase a condo unit in the Philippines?

by | Feature, Finance, Property

To cut it short – YES! There is a possibility for a foreigner to own a condo unit under their own name as long as certain conditions are met.

According to Section 5 of RA (Republic Act) 4726 a.k.a The Condominium Act which states that:

“…That where the common areas in the condominium project are held by the owners of separate units as co-owners hereof, no condominium unit therein shall be conveyed or transferred to persons other than Filipino citizens or corporation at least 60% of the capital stock of which belong to Filipino citizens, except in cases of hereditary succession. Where the common areas in a condominium project are held by a corporation, no transfer or conveyance of a unit shall be valid if the concomitant transfer of the appurtenant membership or stockholding in the corporation will cause the alien interest in such corporation to exceed the limits imposed by existing laws.”

This means that 40% of ownership in units within a condo tower can be owned by foreigners. However, it is in this same reason why the allotted units for foreigners in condominiums are scarce which is why if you’re a foreigner who plans to purchase a condo unit in the Philippines, participating in pre-selling is recommended so that you can secure your condo unit as soon as possible.

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Mga murang panregalo ngayong kapaskuhan

Mga murang panregalo ngayong kapaskuhan

DUBAI: The Christmas season for Filipinos nears its most festive celebrations! A few days more and all Filipinos, from the Philippines and all over the world, will be enjoying the most wonderful time of the year together with their families, friends, co-workers,...

Php4.2-billion China-funded bridge in Manila OK’d

Php4.2-billion China-funded bridge in Manila OK’d

The Department of Public Works and Highways (DPWH) announced on Tuesday, Dec. 4, that the construction of the Binondo-Intramuros Friendship Bridge will push through and promised to ensure that the China-funded bridge would not affect Manila’s heritage sites. In a...

Speed limit increased in parts of Abu Dhabi

Speed limit increased in parts of Abu Dhabi

Speed limit increase, now at 140kmph, has been implemented on Sunday, December 2, in several roads in Abu Dhabi. Authorities implemented the new speed limit following the results of various studies regarding causes of accidents in the UAE. Among the roads where the...

POEA warns aspiring OFWs vs. job posts on social media

The Philippine Overseas Employment Administration (POEA) on Tuesday, December 11, reminded aspiring OFWs of the dangers of job opportunities abroad posted on social media. In an interview with Super Radyo dzBB, POEA administrator Bernard Olalia advised jobseekers to...

Avoid dementia, take a walk

DUBAI: With taking 10,000 steps a day becoming more and more popular as it is the rough equivalent of 30 minutes of activity as recommended by the Surgeon General, it should also be noted that walking also has a lot of positive results, among them positive brain...

Pope Francis: People who break away from God can’t smile

CNA – For Pope Francis, one of most needed virtues of modern time is hope, which is something he said must never be abandoned no matter how hard life gets, and which is often expressed in the simple act of a smile. “When we are in darkness and difficulty the smile...

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THE FILIPINO TIMES is the biggest and most trusted Filipino newspaper in the UAE.

It has a print run of 60,000 copies and 250,000 readership per week; bolstered by 1 million visitors to its website every month. It also has an e-newsletter sent to its 250,000 subscribers every day.

The Filipino Times is FREE and has the widest targeted circulation across the 7 emirates of the UAE.

With more than 2,500 strategic distribution spots, TFT is available where the Filipinos are - at Smart Bus Shelters, Metro Stations, restaurants, supermarkets, schools, airport lounges, Emirates and Etihad Philippine-bound flights, churches, Filipino community events and many more.

THE FILIPINO TIMES. We are where the Filipinos are.

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