HOUSE OF INVESTMENTS, INC.  will be holding its annual meeting of stockholders on July 21, 2023, Friday at 4:00 PM,  with proceedings livestreamed and voting to be conducted via remote communication. A copy of the official announcement published in Manila Bulletin broadsheet is...
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...
Lopez-led Energy Development Corporation (EDC) has formally pulled out its concession for geothermal resource exploration in Peru, citing turbulent political situation in that Latin American energy market as the main reason for such investment decision. The company - via its parent firm First Gen...
LAOAG CITY, Ilocos Norte – Ilocos Norte officials led by Gov. Matthew Marcos Manotoc left for China to attend the ASEAN Investment and Trade Conference at Dezhou City in Shandong province. Gervy James Gumarit, head of the Communication and Media Office (CMO) of the Ilocos Norte provincial...
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...
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...
The domestic nickel industry said the government should first provide a stable policy environment for the mining industry, primarily on nickel, to be able to attract more foreign investors and participate in the electric vehicle (EV) global value chain. FNI and PNIA President Dante R. Bravo...
LAOAG CITY – Several investment potentials for partnership between the Indian government and Ilocos Norte were showcased in a roadshow at the Plaza Del Norte in this city, according to Gov. Matthew Marcos Manotoc. Gov. Manotoc and Indian Ambassador Shambu S. Kumaran led the business...
Now is the time to end 36 years of poverty by easing the 1987 Constitution's limitations on Foreign Direct Investments (FDIs), Senator Robinhood "Robin" C. Padilla said Thursday, March 2. Sen. Robinhood C. Padilla presides over the continuation of the hearing of the Committee on Constitutional...
SM Investments Corporation (SMIC) reported a 27 percent jump in consolidated net income to P25.5 billion in the first half of 2022 from the P20.1 billion it earned in the same period last year. In a disclosure to the Philippine Stock Exchange, the firm said consolidated revenues rose 23 percent to...
The Subic Bay Metropolitan Authority (SBMA) is targeting P30 billion in investments this year as more manufacturing firms are relocating and expanding while service establishments have reopened their facilities after the pandemic and in anticipation of the huge operation of the US private equity...
