(Ali Vicoy / Manila Bulletin File Photo) Giving incentives and imposing certain restrictions can help encourage more people to get inoculated instead of making Covid-19 vaccination mandatory, said Presidential Adviser for Entrepreneurship Joey Concepcion. Concepcion made the suggestion amid the low...
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...
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....
Editorial “Where you put your money, that is what your strategy is all about.” This is a well-worn cliché’ that frames an important public issue appropriately. When a country professes its advocacy of promoting environmental sustainability yet allows the setting up of new power plants that...
A total of 234 market vendors and employees as well as ambulant vendors in Quezon City were inoculated against COVID-19 as of Wednesday, Jan 19. The local government said that they have identified 1,300 market and ambulant workers who have yet to get vaccinated. The vaccinations were...
The inter-agency Fiscal Incentives Review Board (FIRB) has approved the grant of tax incentives to a P10-billion cement manufacturing project of San Miguel Equity Investments, Inc., the Department of Finance (DOF) announced. In a statement, the DOF said on Monday, Jan. 17, that the FIRB, upon the...
The Department of Finance (DOF) said the government will finalize within this month the Strategic Investment Priority Plan (SIPP) of the Corporate Recovery and Tax Incentives for Enterprises (CREATE) law. In a statement, Finance Secretary Carlos G. Dominguez III said on Wednesday, Jan. 12, that the...
Instead of scaring the unvaccinated with “punitive” measures, presidential aspirant Vice President Leni Robredo on Sunday, Jan. 9, wants the government to incentivize them in a bid to encourage more vaccinations. Vice President Leni Robredo speaks during her Sunday radio show on Jan. 9, 2022....
The Department of Energy (DOE) has finally cemented the policy that will grant 10-percent corporate tax rate for project-developers in the renewable energy (RE) sector. Department of Energy The department has concretized that edict via the issuance of Department Circular No. DC2021-12-0042 that was...
The National Tax Research Center (NTRC) is further enhancing its existing online incentives application portal for investors to enable the government to better review and analyze the economic impact of investment perks. In a report to Finance Secretary Carlos Dominguez III, the NTRC said the online...
