BACOLOD CITY – The provincial government of Negros Occidental has awarded P677,000 to Palarong Pambansa medalists from the province. GOV. Eugenio Jose Lacson meets Palaro medalists at the provincial capitol in Bacolod City during the turnover of cash incentives amounting to P677,000 on Thursday,...
The Philippine Economic Zone Authority (PEZA) expects a softening up by the Fiscal Incentives Review Board (FIRB) on its position on the work-from-home (WFH) policy for IT-business process management (IT-BPMs) firms registered with the agency. PEZA Director General Tereso O. Panga said that its plea...
Over a thousand companies inside special export processing zones (EPZs) will undergo a fiscal incentives review after the Department of Finance (DOF) found the incentives system being abused, Finance Secretary Benjamin Diokno said on Tuesday, May 30. Finance Secretary Benjamin Diokno at the Palace...
Mass housing developers have asked the Board of Investments (BOI) to raise to P4 million from the current P2 million threshold price per housing unit that would be eligible for government tax incentives, and extend the income tax holiday (ITH) availment period to six years from four years. In its...
A total of 1,370 IT business process management (ITBPM) firms with combined investments of P8.185 billion have transferred their registration to the Board of Investments (BOI) from other investment promotion agencies (IPAs) to continue enjoying fiscal perks even if they operate under the...
CEBU CITY -- Board passers in Lapu-Lapu City received cash incentives from the city government. Lapu-Lapu Mayor Junard Chan on Thursday, April 20, led the distribution of cash rewards to 150 board passers from Lapu-Lapu. Each board passer got P5,000 while a topnotcher received a whopping P100,000....
The Department of Trade and Industry (DTI) through Board of Investment (BOI) shall recommend for approval to the Fiscal Incentives Review Board (FIRB) an EV incentive strategy (EVIS), similar tax incentives driven to the Comprehensive Automotive Resurgence Strategy (CARS) Program, to ensure the...
The House of Representatives has overwhelmingly approved on third and final reading a bill that, if enacted, would mandate all enterprises in the country employing 10 or more workers to establish a productivity incentives program for their employees. (PPAB) Passed during plenary session Monday...
Calling age a "constant barrier" for otherwise very capable senior citizens, Davao City 1st district Rep. Paolo Duterte is prodding the private sector to broaden job opportunities for elderly Filipinos. Eduardo Barrios/ Unsplash For this purpose, Duterte penned and filed House Bill (HB) No.2384, or...
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 Department of the Interior and Local Government (DILG) has rewarded 17 local government units (LGUs) in Caraga region with a minimum of P5 million financial incentives as part of the deal for bagging the Seal of Good Local Governance (SGLG) award. DILG Caraga Regional Director Lilibeth Famacion...
Over 8,000 Makati city hall employees will receive up to P20,000 cash as Service Recognition Incentive (SRI) after the city council approved ordinances for its immediate funding, the city government announced Thursday, Dec. 29. City Ordinance No. 2022-A-168, passed by the Sangguniang Panlungsod of...
