May car ban na sa Fort!!

**madduck** · August 7th, 2013 11:43 AM

yes, but it's logical to have number coding in Ayala because every adjacent areas are implementing the coding scheme, vehicles may get stuck there if they don't implement it. for BGC, there's no coding scheme in taguig.

**Monseratto** · August 7th, 2013 11:47 AM

Tataas rin ang taxes for businesses...

Makati’s boon, Taguig’s bane
Published on Wednesday, 07 August 2013 00:00 Written by IRMA ISIP

The ruling of the Court of Appeals (CA) ruling Fort Bonifacio as part of Makati territory is a boon to the premiere city but a bane to business operating in Bonifacio Global City (BGC).

The CA decision will force BGC businessmen to pay the tax that Makati collects.

Businesses in BGC pay property and business taxes 30 to 40 percent lower than the rates charged in Makati.

Property analysts said the lower tax rate in BGC was intended to attract business establishments to the area. The lower rate was effective from 2005, come-on of BGC as a location for businesses since it started development in 2005.

The tax collection from BGC, being a part of Makati, will make the premier cityeven richer. Its income averages P11 billion a year.

Melito Salazar Jr., president of the Management Association of the Philippines, said that with BGC as a part of Makati, would create two business districts in one city. Salazar said that the competitiveness of BGC enhanced with a lower tax rated will be wiped out.

Salazar said the “fight” over jurisdiction between the two local government units, Makati and Taguig, may pose a concern on businesses.

“We would want issues like this to be resolved speedily even if the local governments involved are both business-friendly,” Salazar said hinting at a possible elevation of the dispute to the Supreme Court.

Karlo Pobre, analyst at Colliers, said the two business districts can prosper on their own.

“There is a 30 to 40 percent tax discount in Taguig. And that has been the sole consideration of businesses locating in BGC, Pobre explained. If Makati takes ownership of BGC, (tax) would be a big consideration,” said Pobre.

Nonetheless, as of the second quarter this year, it was the lack of new buildings in Makati that also attracted business to BGC. In fact, Pobre said, some establishments in Makati transferred to BGC for rental reasons.

Pobre BGC still has more vacant office spaces to offer to business. In fact Pobre said 35 percent of total new spaces are in BGC.

A Fort Bonifacio has 230,000 sqm incoming supply for 2013; 150,000 sqm next year and another 150,000 sqm in 2014.

Makati has only about 74,000 sqm in new spaces this year.

Pobre said lease rates for Grade A office space in BGC and Makati are at P756 and P745 per square meter per month, respectively. However, only Makati offers premium spaces with average lease rates of P850 to P1,200 per sqm per month.

These are the likes of RCBC Towers, Tower One, Enterprise Building, and Zuellig Building, among others.

Technically,has an area of 240 hectares and is located within the 400-hectare Fort Bonifacio, which also covers the area across C-5 where some residential developments of DMCI and SM Development are located.

BGC is the property being developed by Fort Bonifacio Development Corp., a joint venture of BCDA with the consortium of Ayala Land Inc. and Evergreen Holdings.

**greenlyt** · August 7th, 2013 11:52 AM

may sumali pang isa:

Pateros also claiming Bonifacio Global City | Metro, News, The Philippine Star | philstar.com

**e2romo** · August 7th, 2013 11:54 AM

Binay is not interested in fixing the traffic on that number coding scheme he implemented in Makati, he designed it as a source of income.

Yung Kalayaan Avenue, driver's na papunta lang from EDSA to BGC, during coding window, hinuhuli nila. He could have excluded that short road for number coding since di naman makakaimpact sa Makati, pero hindi. Kasi pera sa huli habol niya, hindi katinuan ng traffic.

Sent from my GT-N7100 using Tapatalk 2

**vinj** · August 7th, 2013 12:08 PM

The main roads, I'd guess can be subject to the city ordinanaces since they are public access (im just guessing) as that's the case in Makati CBD.

Originally Posted by lowslowbenz

^

Ayala CBD is also privately owned, I don't know how it works but road governance/rules and regulations are always under the LGU's.

A few years ago, at the Ayala Center Malls, hinabol na ako ng sekyu nila (using an Ayala Center rent-a-cop Dmax). It was very late at night and I made a turn onto Ayala Center from the second lane of Makati Ave. because a jeep was stopped at the corner. Lo and behold, i was wondering why suddenly there was a pick-up trying to get ahead of me to the point of making "git-git" but could not get ahead because of my more defensive position on the road; i figured it out when the sekyu at the corner was trying to stop me. I saw all streetlights from Ayala Center to Ayala Ave were green so I downshifted and redlined on 2nd and 3rd for my get-away. Taena, ako pa yung aabalahin at hindi yung jeep na illegally parked sa corner. That's the second time that happened to me inside Makati (in both cases i got away from the Ayala Sekyu and the MAPSA).

Originally Posted by e2romo

Binay is not interested in fixing the traffic on that number coding scheme he implemented in Makati, he designed it as a source of income.

Yung Kalayaan Avenue, driver's na papunta lang from EDSA to BGC, during coding window, hinuhuli nila. He could have excluded that short road for number coding since di naman makakaimpact sa Makati, pero hindi. Kasi pera sa huli habol niya, hindi katinuan ng traffic.

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Exactly. They don't even do anything about the trikes and jeeps parked along Kalayaan Ave that impedes traffic flow, big time! At the CBD, they will tow parked cars but what for? Eh the jolly jeeps still block the road anyway.

**lowslowbenz** · August 7th, 2013 12:11 PM

Originally Posted by greenlyt

may sumali pang isa:

Pateros also claiming Bonifacio Global City | Metro, News, The Philippine Star | philstar.com

The more, the merrier. Parang Kalayaan group of islands na ang dating ng BGC. hehe.

**170kphlang** · August 9th, 2013 01:11 PM

BGC - Binay G Cayetano

**lowslowbenz** · August 15th, 2013 12:56 PM

Round 2

http://www.interaksyon.com/article/6...ion-to-inhibit

**shadow** · August 15th, 2013 01:01 PM

I'm sure makati wouldn't be able to get control of BGC. cayetanos will not allow it. Patayan ito.

Btw, have yu awkward situation nun FIBA championship. Nognog was seated above Peter and lani cayetano. Hehehe

Sent from my iPhone using Tapatalk 2
#retzing

**vinj** · August 15th, 2013 01:22 PM

Originally Posted by shadow

I'm sure makati wouldn't be able to get control of BGC. cayetanos will not allow it. Patayan ito.

Btw, have yu awkward situation nun FIBA championship. Nognog was seated above Peter and lani cayetano. Hehehe

Sent from my iPhone using Tapatalk 2
#retzing

Baka di nakita nila Cayetano si VPNoggy. :D