THE Chamber of Real Estate and Builders' Associations Inc. (Creba) has appealed for the suspension of recently issued department orders increasing the zonal values of properties across the country amid the state of calamity due to the Covid-19 pandemic.
In a letter to Finance Secretary Carlos Dominguez 3rd, the group recognized the fiscal measures enforced by the government but cited that the Philippine economy continues to contract to an all-time low since the post-war era due to the required lockdowns brought about by the Covid-19 pandemic.
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