Money Saving Tip: Pay Your Real Property Tax Early (Updated)

When do you pay your annual real property tax?

Sec. 60 of the Real Property Tax Code (or PD No. 464) states:

“Payment of real property taxes in installments. — Real property taxes may, in the discretion of the taxpayer, be paid without penalty in four equal installments; the first installment to be due and payable on or before March thirty-first; the second installment, on or before June thirty; the third installment, on or before September thirty; and the last installment, on or before December thirty-first, except the special levies authorized under Sections forty-seven and fifty-five of this Code which shall be governed by the local ordinance or Department Order issued by the Secretary of Finance, as the case may be.”




For taxpayers who choose to pay the entire year’s real property tax within the first quarter, there are discount incentives.

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“Companion” shows how one can give hope in 40 seconds

Every October is National Mental Health Awareness Month and this year, the Natasha Goulbourn Foundation (NGF), a non-profit organization dedicated to bringing depression to light, and its partner Globe, invited us to the awarding ceremonies for their video competition, launched in June 2016 to help spread awareness about depression by encouraging those who experience depression, as well as their loved ones, to seek guidance from HOPELINE, NGF’s free 24/7 suicide hotline numbers: 804-HOPE (4673), 0917-558HOPE (4673), and 2919 (toll-free for TM and Globe subscribers).

Globe and NGF with the winners

Globe and NGF with the winners

Globe has been a long-time partner of NGF — providing the information and communications technology infrastructure for HOPELINE. “Through the video, we hope that we can also prevent young people from taking their lives due to cyberbullying, which causes a lot of pressure and stress,” said Fernando Esguerra, Globe Director for Citizenship.

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Yakap: A special film about special people


“Everyone is special in different ways”

I grew up in a time when there were labels for people with physical and mental disabilities which are considered totally inappropriate, insensitive and discriminatory today. In my own family, we had our share of relatives who had some form of disability. My Mom’s younger brother had developmental delays and, without faulting her for it, because it was acceptable back then, she would refer to my uncle using the R word – retarded. There were other labels that I heard in those growing-up days – Mongoloid, albino, Negro, and other terms that are considered taboo these days.

It must have been hard for my lola to have a mentally challenged child. People who did not develop mentally at the same rate as most people were bound to be ignored, teased and bullied, even ostracized. My lola opted to keep my uncle with her and she took him everywhere! But other than being her companion, he had no contribution to society. My uncle was high functioning. He stammered but could communicate and be understood. Thinking about it now, he would be quite an asset. But there were no support groups that could have given her comfort or taught her how to make my uncle a useful citizen in society.

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Are you afraid of ghosts? August 3 marks start of ‘Ghost Month’ in 2016

If you’re wondering why travel, weddings and important contract negotiations might wane these next few weeks among your Chinese friends, wonder no more. Today, August 3, is the start of the Hungry Ghost Month or simply, the Ghost Month.

Food offerings during Ghost Month

Food offerings during Ghost Month

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Watch Ignacio de Loyola: A beautiful Filipino-produced film on the life of St. Ignatius of Loyola

He was a soldier, a sinner, and a saint — all rolled into one. He is St. Ignatius of Loyola, founder of the Jesuits (or Society of Jesus). His feastday will be celebrated in a few weeks, on July 31. And a movie is coming out very soon on his life.

Ignacio de Loyola

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How to buy IPO shares with only PhP 25,000 or less

When there are popular Initial Public Offerings (IPOs), many times the shares are over-subscribed and small investors can be left out of it because stocks are usually taken by large investors through their stockbrokers. This is now addressed by the Philippine Stock Exchange‘s Local Small Investor (LSI) Shares program where investors who are just testing the waters of stock investing or who may not have that much money to buy stocks can still participate in a company IPO.

Under the LSI program, 10% of all IPOs have to be allocated for the LSIs. Any individual (local or foreign) or corporate investor can buy up to PhP 25,000 worth of IPO shares through a Trading Participant (TP), a licensed stockbroker.

Here’s an infographic provided by the PSE.


Let’s tackle some more questions that may be on your mind.

How many shares can I buy in an IPO?

It depends on the price per share for the IPO. The maximum value of your subscription is PhP 25,000. So to determine the maximum number of shares you, as an LSI, can subscribe to, PhP 25,000 is divided by the cost per share. Also, LSI subscriptions must be at least equivalent to one (1) board lot.

What if there is more than one IPO happening at the same time? Can I subscribe to both?

Yes! You can buy up to a maximum of PhP 25,000 for EACH IPO.

If I already have a broker, can I use him to buy LSI shares?

LSI Application to Purchase forms should be signed by the investor’s stock brokerage firm. So yes, your existing broker can be used to buy LSI shares.

What if I want to buy more than PhP 25,000 worth of shares for an IPO?

Unfortunately, PhP 25,000 is the maximum allowed under the LSI program. To buy more than that, you will have to go through the regular IPO purchase process. However, if you were already able to get offer shares through your broker (via the allocation per brokerage firm) but you want more, you can still subscribe to LSI.

I don’t have a checking account. Is there any other way to pay for LSI share subscriptions?

You may also pay via Manager’s Cheque.

Got more questions? Just leave me a comment below and I will hound my friends at the PSE for an answer. 🙂

Good luck and happy stock investing!