Abo and Penaranda Law firm

August 10, 2026

condominium act

Property Law and Real Estate Growth in the Philippines: Legal Foundations and Economic Implications

The real estate sector is a critical driver of the Philippine economy, contributing significantly to GDP growth, employment, and urban development. Its trajectory is shaped by the legal frameworks governing condominium ownership, land titling, and agrarian reform, which balance private property rights with social equity. This article examines how these laws influence real estate growth, […]

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Every Tourist Counts: How Republic Act No. 12079 Drives Economic Growth

VAT refund systems have long been a familiar feature of major tourist destinations, including Japan, Singapore, and South Korea. By allowing visitors to recover taxes paid on eligible purchases before returning home, these countries encourage tourists to spend more, strengthening their appeal as shopping destinations.[1] Recognizing the success of these systems abroad, the Philippines enacted

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