• Philippine Identification System or “PhilSys” refers to a single national identification system established by the government

• A Philippine Identification (PhilID) card is a non-transferable card issued to a citizen or resident alien registered under the PhilSys

• The registration centers shall require the presentation of the applicant’s birth certificate as a basic documentary requirement for registration with PhilSys

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• The term “Balikbayan” refers to a Filipino citizen who has been continuously out of the Philippines for a period of at least one (1) year, a Filipino overseas worker, or a former Filipino citizen and his family

• A Balikbayan Program was created to attract and encourage overseas Filipinos to come and visit their motherland

• A Balikbayan may enjoy a tax-exempt purchase at all Government-owned and Controlled/Operated Duty-Free Shops

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• A REIT may invest in real estate located in the Philippines.
  

• A REIT may invest in real estate-related assets and evidence of indebtedness of the Republic of the Philippines.
  

• A REIT may invest in cash and cash equivalent items.

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• Exemplary damages or corrective damages are imposed, by way of example or correction for the public good.
  

• Exemplary damages are mere additions which may or may not be granted at all depending upon the necessity of setting an example for public good as a form of deterrent to the repetition of the same act by anyone.
  

• Exemplary damages cannot be recovered as a matter of right.

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