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....
The Philippines has called on the Association of Southeast Asian Nations (ASEAN) human rights body and relevant sectoral bodies to advance human rights in protecting the environment and promoting sustainable development in the region. AICHR Temporary Philippine Representative and Assistant...
More than half of the initial list of tax-delinquent social media influencers have yet to begin the sign-up process with the Bureau of the Internal Revenue (BIR) despite crackdown, the Department of Finance (DOF) said. Finance Assistant Secretary Dakila Elteen M. Napao said late Friday, Oct. 8,...
PMFTC Inc., the local affiliate of Philip Morris International (PMI), remained the country’s largest cigarette manufacturer in terms of sin tax contributions to government revenue, data from the Department of Finance (DOF) showed. PMFTC Based on the DOF’s analysis, the company behind the...
Malacanang has ratified the Regional Comprehensive Economic Cooperation (RCEP), a mega free trade deal seeking to grant zero duty on goods traded among 15 countries that account for 29 percent of global gross domestic product. The document was ratified by President Rodrigo Duterte on September 2...
The Department of Foreign Affairs (DFA) will request the extradition of the 61-year-old American diplomat who was indicted in the United States for having sex with a Filipino minor while posted in Manila if Philippine authorities could determine that the offense committed is “extraditable.”...
The Department of Foreign Affairs (DFA) on Monday said the Philippine government will clarify with Hong Kong authorities certain rules concerning the lifting of the travel ban for overseas Filipino workers (OFWs) who wish to return to work in the former Crown Colony. Department of Foreign Affairs...
The Fiscal Incentives Review Board (FIRB) has approved the grant of tax incentives for a mass housing project and two cement manufacturing plants all located outside Metro Manila. Chaired by Finance Secretary Carlos G. Dominguez III, the FIRB during its third meeting last August 2 approved the tax...
The upcoming two-week enhanced community quarantine (ECQ) may lead to a rise in unemployment in the National Capital Region (NCR) at a time when employment numbers are already improving. A Philippine National Police (PNP) member mans a checkpoint at a barangay in Sampaloc, Manila after it was...
The Department of the Interior and Local Government (DILG) has requested Malacañan for more budget that will be used in the hiring of more contact tracers as the country continues its fight against the coronavirus disease-2019 (COVID-19). In a news briefing, DILG Assistant Secretary Odilon...
The remaining potential yield of the Malampaya gas production facility could go as high as 1.6 trillion cubic feet (TCF), or half of the current capacity of the field that is now being funneled for the requirements of more than 3,200 megawatts of gas-fired power capacities in the country. That has...
