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...
MES AMIS Amb. Michele Boccoz of France, Consul General of Monaco Fortune Aleta Ledesma, Amb. Raduta Matache of Romania The French Embassy in the Philippines and the Alliance Française de Manille have launched preparations for the Francophonie week. Francophonie refers to men and women who share...
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....
NIKI Fresh off the heels of her powerhouse performance at this year’s acclaimed Head In The Clouds festival, Jakarta-born, LA-based singer-songwriter and producer NIKI is thrilled to release a new sonically rich single and music video called “Spilt” via 88rising. A retro slowburn, complete...
Today, sustainability is at the forefront of everything. The Philippine national government, for one, has enacted several laws to address environmental issues. There’s the Clean Air Act 1999, Ecological Solid Waste Management Act 2000, Clean Water Act 2004, Biofuels Act 2006, and Renewable Energy...
(Clockwise from top left) Joji, CL, eaJ, NIKI, Keshi and Japanese Breakfast (88rising) Asian music and media company 88rising has announced the list of performers for the 2021 Head In The Clouds Music & Arts Festival. The event, to be staged in partnership with Goldenvoice, the Los...
According to the National Cancer Institute, head and neck cancers include cancers in the larynx, throat, lips, mouth, and salivary glands. (Pixabay) Dr. Priscilla Caguioa of the Philippine Society of Medical Oncologist said tobacco use, heavy alcohol use, and infection with human papillomavirus...
Toy manufacturers from Hong Kong are considering of investing in the Philippines as they showed strong confidence in the country. This was disclosed by the officers and members of the Toys Manufacturers’ Association of Hong Kong (TMHK) who joined an online information session with the Philippine...
Foreign direct investments (FDI) last year dropped 24.6 percent to a net inflow of $6.542 billion from $8.671 billion in 2019, but it was more than the Bangko Sentral ng Pilipinas’ (BSP) $6-billion projection for 2020. “The disruptive impact of the pandemic on global supply chains and the weak...
Philippine garment factories expect to receive new orders worth up to $500 million from top global fashion brands as they start transferring production orders from troubled Myanmar to the Philippines and other Asian countries. Photo credit: (Philexport News and Features) Foreign Buyers Association...
The Board of Investments (BOI) has recently approved the application of CHRG Electric Vehicle Technologies, Inc. as a new domestic producer of electric vehicles (EV) fast chargers and retrofit kits on a non-pioneer status under the current Investments Priorities Plan listing of Innovation...
The Bangko Sentral ng Pilipinas (BSP) reported Monday that gross international reserves (GIR) dipped to $108.799 billion in January from December 2020’s $110.117 billion due to government withdrawals to pay for foreign-denominated loans, and changes in the price of gold. The BSP in a statement...
