The Philippine Economic Zone Authority (PEZA) said it has signed a registration agreement with agricultural products supplier Superseed Agriculture Corp. (SAC) for the company’s manufacturing facility in Laguna. The agreement, which recognized SAC as an ecozone domestic market enterprise, was...
The country’s rosy economic environment failed to lure more foreign investments in the third-quarter, data from the Philippine Statistics Authority (PSA) showed. The PSA reported Tuesday, Nov. 15, that the total approved foreign investments in July to September 2022 went down by 22 percent to...
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...
Approved foreign investments dropped by half in the first three-months of the year despite improving economic condition amid the prolonged pandemic, data from the Philippine Statistics Authority (PSA) revealed. Based on the PSA report, total foreign investments declined 54 percent to P8.98 billion...
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...
The Department of Finance (DOF) wants investment promotion agencies (IPAs) to maximize the P58-billion budgetary support they got from the national government by luring more investments into the country. In a statement, Finance Secretary Carlos G. Dominguez III said on Monday, April 18, that...
Approved foreign investment pledges increased by nearly half in the second-quarter of the year, the Philippine Statistics Authority (PSA) reported Thursday, Sept. 9. psa-logo Based on the PSA data, total foreign investments in the country reached P22.5 billion in April to June 2021, an increase of...
Existing registered business enterprises (RBEs) in the Philippine Economic Zone Authority (PEZA) or other investment promotion agencies (IPAs) might find the new CREATE Law as ‘bad faith’ on the part of the government. This was raised by PEZA Deputy Director General Tereso Panga following the...
