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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

IBPAP expects to fall short of employment, revenue goals this 2018

The Information Technology and Business Process Association of the Philippines expects to fall short of employment and revenue goals this year amid uncertainties in government’s move to rationalize fiscal incentives enjoyed by firms......»»

Category: financeSource:  philstarRelated NewsOct 10th, 2018

Espinosa wants more perks for senior citizens

By: Emme Rose Santiagudo MAYOR Jose Espinosa III wanted to adjust the incentives of senior citizens in Iloilo City. Espinosa promised that 90-year old and 95-year old seniors will receive P10,000 and P15,000, respectively. An additional P25,000 will also be given to centenarians. The mayor made the pronouncement during the city government’s Pag-ulikid program at Barangay Balabago and […] The post Espinosa wants more perks for senior citizens appeared first on The Daily Guardian......»»

Category: newsSource:  thedailyguardianRelated NewsOct 3rd, 2018

NFA eyes higher palay buying price

The National Food Authority (NFA) is coming up with additional incentives that will allow farmers to sell their palay for up to P20 per kilogram in a bid to beef up the agency’s buffer stock......»»

Category: financeSource:  philstarRelated NewsSep 26th, 2018

ASIAN GAMES: Philippine medalists given additional financial incentives

Medalists from the recently-concluded Asian Games just got richer after getting additional financial incentives for their hard work and success. The incentives, which were a sum of the funds given by the MVP Group, San Miguel Corporation and the PBA, were given to the athletes in a special ceremony before the Ginebra-San Miguel tussle at the Big Dome Sunday evening. Bronze medalists were awarded PHP 300,000 while silver medalists got PHP 500,000 and gold medalists were bestowed a prize of PHP 2,000,000 each.  The latter prize was is in addition of the previous incentives awarded by the Philippine government and the private sector of PHP 7,000,000 for the gold medalists. Some medalists were on-hand in the awarding ceremony, including Pauline Lopez (bronze, taekwondo); Agatha Wong (bronze, taijijian, taijiquan); Rogen Ladon (silver, boxing), Hidilyn Diaz (gold, weightlifting), Yuka Saso (gold, golf).  The winning National Sports Associations were also given a cash prize in a ceremony earlier this day. Finishing the quadriennial meet with a 4 gold- 2 silver-15 bronze medal count, the Philippines finished 19 out of 46 participating nations, coming up short of a top-15 finish that the national sports governing bodies had set for themselves, but a noticeable improvement from the 1-3-11 medal haul in the Incheon Games in 2014.  Philippine Olympics Committee (POC) President Ricky Vargas was nonetheless proud of the national athletes, whose countless hours of hard work and dedication had brought pride to the country. "That was difficult. We got 4 golds, which was something that we were very happy with. Also we just hit 19. Yung goal natin maging 15 eh darating rin tayo doon. Or even better," Vargas said after the ceremonies.  The ABAP President also added that additional private sponsors had pledged their support for the athletes in the upcoming South East Asian Games to be held in Clark and Manila late 2019. "They are coming in, and I am very happy that they are coming in. And they have confirmed their support just today. I spoke to some of them who were there in the Owner's Lounge there. So importante yun. Importante rin ang POC, di ba?" "So nag-meeting rin kami with [PSC Chairman William 'Butch] Ramirez and complete support for the South East Asian Games. They're coming to our place. To our home. We will perform well in our home."   __   Follow this writer on Twitter, @philipptionary.   .....»»

Category: sportsSource:  abscbnRelated NewsSep 23rd, 2018

Retain Peza incentives, foreign chambers urge

MEMBERS of the Joint Foreign Chambers of the Philippines said on Wednesday that although they support the government’s move to reduce corporate income taxes, the incentives enjoyed by firms in areas under the Philippine Economic Zone Authority (Peza) should be retained. In a press conference during the Arangkada Philippines forum, the American, Canadian, European, Japanese, [...] The post Retain Peza incentives, foreign chambers urge appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsSep 12th, 2018

Duterte fetes Asiad medalists, vows additional incentives

President Duterte on Wednesday honored the Filipino athletes who won medals during the 2018 Asian Games and assured them of the government's continuous support. .....»»

Category: sportsSource:  philstarRelated NewsSep 12th, 2018

British firms still keen on investing in the Philippines

British investors remain optimistic about the country's growth prospect in spite of accelerating inflation and tempered GDP growth, as they look forward to the fruits of this administration�.....»»

Category: newsSource:  manilanewsRelated NewsSep 6th, 2018

UBE Express adding more P2P bus routes

Premium airport bus service provider UBE Express, which is operated by logistics giant Air21, is investing P800 million to expand its bus fleet as it prepares to provide point-to-point bus service to more routes this month......»»

Category: financeSource:  philstarRelated NewsSep 4th, 2018

Water tank project launched in Marawi

Residents of two conflict-stricken barangays in Marawi City now have additional water supply facilities built with the help of private benefactors......»»

Category: newsSource:  philstarRelated NewsSep 1st, 2018

SEC warns against illegal lending firms

THE Securities and Exchange Commission (SEC) has warned the public against investing in Almasai Finance and Investment or Almasai Equity Holdings Corp. as well as EMMRJ Lending Investors Corp. or EMMRJ Loan Consultancy Corp., saying none of these firms are licensed to solicit investments or act as lenders. The post SEC warns against illegal lending firms appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsAug 28th, 2018

Most major Asian markets up but trade fears keep dealers at bay

Most major Asian markets rose on Tuesday following another positive Wall Street lead, with energy firms up with oil prices as the US prepares to reimpose sanctions on Iran. A healthy earnings seaso.....»»

Category: newsSource:  philippinetimesRelated NewsAug 7th, 2018

BOI urges firms to integrate inclusive business in CSR

The Board of Investments is urging enterprises to scale up their corporate social responsibility programs and adopt inclusive business models to take advantage of incentives under the country’s investment promotions blueprint, the Investment Priorities Plan......»»

Category: financeSource:  philstarRelated NewsAug 7th, 2018

Over half of firms granted perks not qualified — DOF

About 57 percent of firms registered with investment promotion agencies are not worthy or in need of the fiscal incentives they are receiving from the government, the Department of Finance said......»»

Category: financeSource:  philstarRelated NewsAug 7th, 2018

Many IPA-registered firms getting unnecessary perks

More than half of firms registered with investment promotions agencies (IPAs) are receiving unnecessary fiscal perks, the Finance department said on Monday. Citing a department study, Finance Undersecretary Karl Kendrick Chua said in a statement that 57 percent of IPA-registered firms”are receiving incentives that are already unnecessary or redundant.” Only 43 percent of these firms “are worthy [...] The post Many IPA-registered firms getting unnecessary perks appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated NewsAug 7th, 2018

P3.5 billion more allotted for Marawi rehab

Marawi City will get an additional P3.5 billion in funds for its rehabilitation efforts, a lawmaker from Mindanao said yesterday......»»

Category: newsSource:  philstarRelated NewsAug 5th, 2018

P3.5 billion more allotted for Marawi rehab

Marawi City will get an additional P3.5 billion in funds for its rehabilitation efforts, a lawmaker from Mindanao said yesterday. Source link link: P3.5 billion more allotted for Marawi rehab.....»»

Category: newsSource:  manilainformerRelated NewsAug 5th, 2018

Gov t lost P178.5-B in tax perks in 2016

The government lost P178.56 billion in potential revenues in 2016 as a result of tax incentives given out to only 3,102 firms registered with various investment promotion agencies (IPAs), the Department of Finance (DOF) revealed in a statement on Thursday. Finance Undersecretary Karl Kendrick Chua said that based on data….....»»

Category: newsSource:  journalRelated NewsAug 3rd, 2018

Bring palay to NFA, get loan priority

“The NFA assured continuous support to farmers. Farmer cooperatives and associations that will sell at least 2,000 metric tons of palay to the National Food Authority (NFA) will be granted farm machinery and equipment as additional incentives, Department of Agriculture (DA) Secretary Manny Piñol said on Wednesday. Aside from this, groups that bring palay to […].....»»

Category: newsSource:  tribuneRelated NewsAug 3rd, 2018

Fiscal incentives overhaul to yield best returns — NEDA

Rationalizing tax incentives provided to firms in special economic zones would enable the economy to benefit more from firms that can create more jobs and help narrow the prevailing trade deficit, the National Economic and Development Authority......»»

Category: financeSource:  philstarRelated NewsJul 26th, 2018