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BOI prepares additional incentives for firms investing in Marawi

MANILA, Philippines - The Board of Investments (BOI) plans to extend additional incentives to companies looking to invest in Marawi and nearby towns to jumps.....»»

Category: financeSource: philstar philstarJan 13th, 2018

Peza wants more tax perks for firms serving domestic needs

The Philippine Economic Zone Authority (Peza) wants more tax incentives to be put under the second tax reform package, including a conditional extension of income tax holidays for every new investment, among other factors. Peza Director General Charito Plaza told reporters in an interview earlier this week that she has formed a technical working group that would come up with a counterproposal to the tax package. While finer details of the counterproposal are still being fleshed out, the point is to reward companies with more tax perks for businesses that serve the basic needs of the domestic market and for making additional investments. The possible conflict, however, is that th...Keep on reading: Peza wants more tax perks for firms serving domestic needs.....»»

Category: newsSource:  inquirerRelated NewsMar 2nd, 2018

Gov’t incentives to firms swell to P376 billion in 2015-2016

Foregone revenues due to the grant of income tax holidays, customs duty incentives, and other perks to large corporations amounted to P376 billion in 2015-2016, according to the Department of Finance......»»

Category: financeSource:  philstarRelated NewsJul 19th, 2018

US Govt Announces P296.2 Million in Assistance for Women, Household Affected by Marawi Conflict

U.S. Embassy in the Philippines Deputy Chief of Mission (DCM) Michael Klecheski announced P296.2 million ($5.55 million) in new assistance for humanitarian and recovery work in and around Marawi. The additional assistance will promote the role and inclusion of women in the recovery and rehabilitation of Marawi as well as support ongoing humanitarian assistance work […].....»»

Category: newsSource:  metrocebuRelated NewsJun 25th, 2018

US gives additional PhP 296.2 M to assist women and households in Marawi  

DAVAO CITY (MindaNews / 24 June) — TheU.S. Embassy in the Philippines is giving additional  USD 5.5 million (PhP 296.2-M) additional assistance for Marawi City, bringing to 31,95 million dollars or  1.7 billion pesos the total US government contribution to humanitarian and recovery work in and around Marawi, Deputy Chief of Mission (DCM) Michael Klecheski […].....»»

Category: newsSource:  mindanewsRelated NewsJun 24th, 2018

130 more Army troops to help Marawi rehab

The Philippine Army on Thursday deployed additional 130 soldiers to Marawi City who will provide support in rehabilitation of the city that was devastated after a siege by the terrorist Maute Group.....»»

Category: newsSource:  manilanewsRelated NewsJun 22nd, 2018

Oil, gas exploration firms seek retention of perks

The Petroleum Association of the Philippines (PAP) yesterday called for the retention of incentives for their sector, saying this was needed especially in light of the looming depletion of the Mala.....»»

Category: newsSource:  philippinetimesRelated NewsJun 20th, 2018

Electronics firms brace for higher tax cost

ELECTRONICS companies in the country -- a key driver of merchandise exports -- are bracing for bigger costs once planned changes to current fiscal incentives are implemented. The post Electronics firms brace for higher tax cost appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsJun 13th, 2018

TRAIN 2 won’t end perks — Diokno

The second package of the tax reform program called Tax Reform for Acceleration and Inclusion (TRAIN) 2 now pending with Congress will remove “redundant” and unnecessary fiscal incentives but the law will not result in additional revenues to the government, Budget Secretary Benjamin Diokno said yesterday. “Fiscal incentives won’t be totally taken out,” Diokno said. […].....»»

Category: newsSource:  tribuneRelated NewsJun 11th, 2018

Korea firms eye $4.4 billion investments in Philippines energy projects

Four Korean firms have expressed interest in investing a combined $4.4 billion in various energy projects in the Philippines......»»

Category: financeSource:  philstarRelated NewsJun 7th, 2018

Gardenia investing P2 billion for new plant

Bread maker Gardenia Bakeries is investing an additional P2 billion for a new plant in North Luzon, the company announced yesterday......»»

Category: financeSource:  philstarRelated NewsJun 6th, 2018

LGU TAX EXEMPTION | House panel mulls local tax shield for firms in line with TRAIN 2

THE HOUSE committee on ways and means will look into how businesses in the Philippines can be shielded from dealing with varying tax schemes among local government units while still rationalizing fiscal incentives under the second package of the tax reform program. The post LGU TAX EXEMPTION | House panel mulls local tax shield for firms in line with TRAIN 2 appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMay 31st, 2018

House panel mulls local tax shield for firms in line with TRAIN 2

THE HOUSE committee on ways and means will look into how businesses in the Philippines can be shielded from dealing with varying tax schemes among local government units while still rationalizing fiscal incentives under the second package of the tax reform program. The post House panel mulls local tax shield for firms in line with TRAIN 2 appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsMay 30th, 2018

BoI: Chinese firms bullish on investing

Chinese companies remain upbeat about investing in the Philippines with a 30-man delegation recently in the country to scout for opportunities, the Board of Investments said on Friday. The Chinese delegation, led by Director Wang Kewen of the China Overseas Development Association (CODA), was said to be interested in the infrastructure, energy, industrial parks and [...] The post BoI: Chinese firms bullish on investing appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsMay 26th, 2018

2 Chinese firms deserve 2nd chance — Roque

MALACAÑANG yesterday downplayed concerns over the possible involvement in Marawi rehabilitation of two Chinese firms blacklisted by the World Bank for corrupt practices. Presidential spokesperson Harry Roque said the companies in question — China State Construction Engineering Corporation (CSCEC) and China Geo-Engineering Corporation (CGC) — deserve a second chance in….....»»

Category: newsSource:  journalRelated NewsMay 24th, 2018

‘2 blacklisted China firms deserve second chance’

Government officials defended yesterday the two Chinese firms that are part of a consortium rebuilding war-torn Marawi City, saying their blacklisting by the World Bank had been lifted and they deserved “a second chance.”.....»»

Category: newsSource:  philstarRelated NewsMay 24th, 2018

Roque on blacklisted Chinese firms, PH in competitive rankings, House on BBL | Evening wRap

Today on Rappler: Presidential Spokesperson Harry Roque downplays concerns over the possible involvement in Marawi rehabilitation of two Chinese firms blacklisted by the World Bank for corrupt practices.  The Philippines drops 9 notches to 50th spot out of 63 economies in this year’s World Competitiveness Yearbook rankings of the International ........»»

Category: newsSource:  rapplerRelated NewsMay 24th, 2018

Alejano: Why are firms blacklisted by World Bank in Marawi rehab?

An opposition lawmaker on Thursday slammed the inclusion of two Chinese firms in the consortium that would handle reconstruction efforts in a southern Philippine city ravaged by war a year ago......»»

Category: newsSource:  philstarRelated NewsMay 24th, 2018

Project Bangon Marawi, Year 1: Firms of clans among winners of Marawi road, housing deals

By Karol Ilagan and Malou Mangahas Philippine Center for Investigative Journalism CONTRACTORS tied to political clans have been awarded a combined total of P306 million in contracts to build transitional shelter units and roads for residents of Marawi City and nearby villages of Lanao del Sur, where homes and villages last year were destroyed in […].....»»

Category: newsSource:  mindanewsRelated NewsMay 24th, 2018

The long and troubled road to healing Marawi

With government's tapping of Chinese firms questioned by the World Bank and potential conflicts of interests, helping Marawi back on its feet is proving to be a more brutal ordeal......»»

Category: newsSource:  interaksyonRelated NewsMay 23rd, 2018

MVP, other power firms lament energy regulatory delays

Corporate tycoon Manuel V. Pangilinan, chairman of Manila Electric Co. (Meralco), hopes the regulatory process in the power sector would move at a faster pace considering the pressing need to meet the growing demand for additional power......»»

Category: financeSource:  philstarRelated NewsMay 20th, 2018