The Semiconductor Industry Association (SIA), which is composed of the world’s electronics giants, has remained confident that the Philippines will remain a critical player in the global semiconductor industry and a major hub for semiconductor assembly and test manufacturing. SIA members visited...
The Fiscal Incentives Review Board (FIRB) has extended until Jan. 31, 2023 the deadline for the transfer of registration of Information Technology and Business Process Management (IT-BPM) firms from the Philippine Economic Zone Authority (PEZA) to the Board of Investments (BOI). FIRB announced...
The IT and Business Process Association of the Philippines (IBPAP) partly attributed the lower turnout of IT business process management (ITBPMs) or business process outsourcing (BPO) firms that transferred their registration to the Board of Investments (BOI) to the possibility that they will still...
A House leader is prodding the Department of Finance (DOF) and the Fiscal Incentives Review Board (FIRB) to help business process outsourcing (BPO) companies retain their tax incentives under the CREATE law as well as their work-from-home jobs. Albay 2nd district Rep. Joey Salceda Albay 2nd...
Toyota Motor Philippines Corp. (TMPC) and Mitsubishi Motors Philippines Corp. (MMPC) have produced a total of 207,165 units of their respective enrolled models under the Comprehensive Automotive Resurgence Strategy (CARS) program to date, or just half of the 400,000-unit volume required under the...
The Board of Investments (BOI) has set a fighting target to overtake Vietnam in terms of foreign direct investment (FDI) inflows by 2024 and Indonesia by 2026, around midterm of President Ferdinand Marcos Jr.’s administration. During a panel at the 2022 National Exports Congress on Wednesday,...
The Board of Investments (BOI) is looking at asking the two participants of the incentive-driven Comprehensive Automotive Resurgence Strategy (CARS) program to assemble another model or offer a value addition in exchange for the grant of their request to extend the six-year program. BOI Managing...
Project registration with the Board of Investments (BOI) this year is expected to surpass the P655 billion 2021 level, but may fall short of meeting its P1-trillion target set for the year as investments decisions have been derailed by the eruption of the Russian-Ukraine war. As of Nov. 15 this...
More than 500 enterprises registered with the Board of Investments (BOI) are facing cancellation of their certificates of registration for failure to submit annual financial and actual operations reports. A notice by the BOI published in a newspaper of general circulation requires the identified...
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 Energy (DOE) will be issuing guidelines on the availment of incentives with the Board of Investments (BOI) for qualified energy efficiency (EE) projects. ‘ The department has issued a draft Circular that will be the basis on its solicitation of inputs and comments from relevant...
The Department of Finance (DOF) has tossed to the Board of Investments (BOI) the need to review the re-classification of the tax incentives being granted to energy efficiency (EE) projects under the Corporate Recovery and Tax Incentives for Enterprises (CREATE) Act. In a letter-response to the...
