The government lost billions of pesos in power subsidies and tax incentives to now-defunct Hanjin Heavy Industries and Construction Philippines Inc. (HHIC-Phil), the Fiscal Incentives Review Board (FIRB) said. In a statement Tuesday, June 7, Finance Assistant Secretary and FIRB Secretariat Head...
The Fiscal Incentives Review Board (FIRB) has instructed all investment promotion agencies (IPAs) to submit a copy of the schedule of rates for their various services relating to the grant and administration of tax incentives. In a statement, Finance Assistant Secretary and FIRB Secretariat Head...
The Fiscal Incentives Review Board (FIRB) has approved the grant of tax incentives to the P17-billion US-funded Project AGILA, which seeks to redevelop and operate the Hanjin shipyard in the Subic Bay freeport zone. In a statement, Tuesday, May 10, FIRB said the project was granted special...
The Fiscal Incentives Review Board (FIRB) is not bowing down to pressure as the interagency body stood firm on its decision that the work-from-home (WFH) setup for registered information technology-business process outsourcing (IT-BPO) firms was only temporary. In a statement on Thursday, April 28,...
The Fiscal Incentives Review Board (FIRB) is planning to set uniform charges on registered Philippine Offshore Gaming Operations (POGO) with the investment promotion agencies (IPAs). Finance Assistant Secretary and FIRB Secretariat Head Juvy Danofrata said on Thursday, April 21, that they will look...
"Work-from-home" or WFH is a term that gained popularity due to sheer necessity during the Covid-19 pandemic. But a former congressman in the current 18th Congress thinks that the proper term should be "work from anywhere" or WFA. (Simon Hattinga Verschure/ Unsplash) “Let us stop living in the...
House Social Services Committee chair Quezon City Rep. Alfred Vargas is pushing for the adoption of work-from-home (WFH) setups amid the effects of the Covid-19 pandemic and the fuel crisis. House Social Services Committee chair Quezon City Rep. Alfred Vargas (Photo from Alfred Vargas FB page)...
The Fiscal Incentives Review Board (FIRB) has approved the tax incentives for a P1.5-billion Cebu-based roll on roll off (RoRo) operator that aims to help modernize the shipping industry and increase competition. Finance Secretary Carlos G. Dominguez III said Tuesday, March 15, that the FIRB...
The Fiscal Incentives Review Board (FIRB) is supporting the proposal on the Strategic Investment Priority Plan (SIPP) by the Board of Investments (BOI), an attached agency of the Department of Trade and Industry (DTI). The SIPP will serve as the primary basis for determining which projects or...
Former Makati City Representative Monsour Del Rosario on Thursday called on the Fiscal Incentives Review Board (FIRB) to reconsider its decision to push through with its order for Business Process Outsourcing (BPO) and Information Technology (IT) companies to resume on-site work starting April 1....
The Department of Finance (DOF) said the return of information technology-business process management (IT-BPM) employees to on-site work would benefit local micro, small, and medium enterprises (MSMEs). In a statement on Wednesday, March 9, Finance Secretary Carlos G. Dominguez III defended the...
FIRB identifies 3 barriers to foreign investments By Chino S. Leyco The prolonged pandemic, high costs of doing business, and foreign equity restrictions in the Philippines are the main barriers to foreign investments in the country, the Fiscal Incentives Review Board (FIRB) said on Wednesday, Jan....
