A total of 352 local government units (LGUs) will receive almost P2 billion to fund their respective development projects, the Department of the Interior and Local Government (DILG) disclosed on Thursday, Dec. 15. In a statement, the DILG said the P1.961 billion that will be distributed to the...
Editorial The barangay health workers are a very special group of people in the community. They are vital to the delivery of primary health care to the people in the grassroots level. In the early days of the pandemic, the BHWs were the first responders to the public health problem brought by...
A measure aiming to grant cash incentives plus other non-monetary benefits to filmmakers, literary writers and performing artists who have won formal international acclaim has moved forward in the House of Representatives. (Mari Gimenez/ Unsplash) Camarines Sur 2nd district Rep. LRay Villafuerte, a...
The Fiscal Incentives Review Board (FIRB), chaired by the Department of Finance, has approved the tax incentive application of TDK Philippines Corp. (TPC). In a statement Tuesday, Dec. 6, Finance Assistant Secretary Juvy Danofrata said the FIRB approved the fiscal incentives for TPC’s P2.5...
The Department of Energy (DOE) will intensify efforts on apprising investors of the "fiscal incentives" that they could avail for their energy projects in the country. In line with the celebration of the National Energy Consciousness Month (NECM), the agency indicated that it will lay down the...
The European Chamber of Commerce of the Philippines (ECCP), composed of foreign business chambers representing EU and European firms’ interest in the country, has urged the government that the planned zero tariff on the importation of electric vehicles (EVs) should cover all other types of EVs,...
Meralco’s eSakay: Gradually melting the 'ICE' with EVs By MYRNA M. VELASCO Within this month, the planet’s warming temperatures will be in the spotlight again – as global economic and political leaders, scientists as well as the other alpha geeks of ‘climate change diplomacy’ will gather...
The Department of Finance has rejected calls by industry groups to review the revised fiscal incentives tax regime and reportorial requirements for the grant of incentives under the Corporate Recovery and Tax Incentives for Enterprises (CREATE) law. Finance Secretary Benjamin E. Diokno, who also...
More than 5,000 elementary and senior high school graduates from public schools in Navotas City have received cash incentives from the local government. The city government said that 3,810 Grade 6 students each received P500, while 2,067 Grade 12 graduates were given P1,000 each. The distribution...
The Fiscal Incentives Review Board (FIRB) revealed that the Philippine Economic Zone Authority (PEZA) is not tracking the inflow of actual investments made by its registered business enterprises (RBEs). In a statement, Finance Assistant Secretary and FIRB Secretariat Head Juvy Danofrata said PEZA...
The Fiscal Incentives Review Board (FIRB) welcomed the decision of Concentrix, a major business process outsourcing (BPO) firm, to give up its tax perks in exchange for a continued hybrid work setup for its employees. Finance Assistant Secretary and FIRB Secretariat Juvy Danofrata said...
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...
