Advertisements


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

Ricky Vargas bares P4 million bonus for Asiad gold

Philippine Olympic Committee president Ricky Vargas yesterday announced additional incentives for gold, silver and bronze medals in this year’s Asian Games in Indonesia as he raised the bar anew – to improve the country’s overall rank, from 22nd overall in 2014 in Incheon, to a place in the top 15 in the quadrennial event set Aug. 18 to Sept. 2......»»

Category: sportsSource:  philstarRelated NewsApr 17th, 2018

Voters in Marawi’s 96 barangays wait as nation prepares for barangay/SK polls

DAVAO CITY (MindaNews / 11 April) — As the nation prepares for the filing of certificates of candidacy on April 14 to 20 for the May 14 election of barangay and Sangguniang Kabataan officials, voters in Marawi’s 96 barangays will have to wait for when it is feasible to hold elections in a city still […] The post Voters in Marawi’s 96 barangays wait as nation prepares for barangay/SK polls appeared first on MindaNews......»»

Category: newsSource:  mindanewsRelated NewsApr 11th, 2018

Chinese firms join rebuilding of Marawi

A consortium of Chinese and Filipino companies has been chosen by the government as the potential developer to lead the rebuilding of war-torn Marawi City, an official of the Task Force Bangon Marawi (TFBM) said. In a telephone interview on Tuesday, Eduardo del Rosario, TFBM chair, said the task force would hold negotiations with the Bangon Marawi Consortium (BMC), composed of five Chinese and four Filipino firms, to determine the terms of reference, hammer out the details of the reconstruction program and set the final project cost. Rubble Most of Marawi City was reduced to rubble by five months of fighting between government forces and Islamic State-allied militants who la...Keep on reading: Chinese firms join rebuilding of Marawi.....»»

Category: newsSource:  inquirerRelated NewsApr 3rd, 2018

Del Rosario names 9 members of China-Ph consortium that will build the “new Marawi”

DAVAO CITY (MindaNews / 02 April 2018) — The chair of Task Force Bangon Marawi (TFBM) has named the nine firms — five Chinese and four Filipino — comprising the Bagong Marawi Consortium that will build the “new Marawi” within the 250-hectare Ground Zero, the former main battle area during the five-month siege, now referred […] The post Del Rosario names 9 members of China-Ph consortium that will build the “new Marawi” appeared first on MindaNews......»»

Category: newsSource:  mindanewsRelated NewsApr 2nd, 2018

China-Ph consortium to build “new Marawi”

DAVAO CITY (MindaNews / 01 April) — A consortium of Chinese and Filipino firms will build the “new Marawi” within the 250-hectare Ground Zero, the former Main Battle Area in the five-month siege last year, now referred to as Most Affected Area (MAA). The proposal of Bagong Marawi Consortium, composed of five Chinese and four […] The post China-Ph consortium to build “new Marawi” appeared first on MindaNews......»»

Category: newsSource:  mindanewsRelated NewsApr 1st, 2018

3 Aussie firms keen on investing in PH

Three Australian companies have expressed interest to invest in the Philippines, the Department of Trade and Industry (DTI) said in a statement Wednesday......»»

Category: newsSource:  interaksyonRelated NewsMar 22nd, 2018

SEC warns vs investing in Onecash, PBB150

THE Securities and Exchange Commission (SEC) has advised the public against investing in Onecash Trading and PBB150 Trading, saying the two firms are not registered with the commission. In an advisory posted to its website, the SEC warned the investing public against Onecash Trading, which claims to give as much as a 200% return of […] The post SEC warns vs investing in Onecash, PBB150 appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMar 16th, 2018

LBC pursues expansion, buys 4 US affiliates

Logistics service provider LBC Express Holdings is spending some $8.55 million to acquire four affiliate US-based cargo and remittance firms, as part of a bid to expand its overseas business. The biggest of these US affiliates is LBC Mundial Corp., which operates as a cargo and remittance company in California. LBC agreed to purchase this affiliate for $6.86 million, LBC told the Philippine Stock Exchange (PSE) yesterday. The PSE deems this transaction as a "substantial" acquisition that is covered by the disclosure rules for substantial acquisitions and reverse takeovers. As such, trading of LBC shares was suspended on the PSE yesterday pending additional information on this ac...Keep on reading: LBC pursues expansion, buys 4 US affiliates.....»»

Category: newsSource:  inquirerRelated NewsMar 8th, 2018

Jollibee firms up purchase of additional 45% in Smashburger

MANILA, Philippines — Jollibee Foods Corp. has formally signed an agreement to purchase an additional 45 percent of US-based Smashburger Master LLC......»»

Category: financeSource:  philstarRelated NewsMar 8th, 2018

Investing more in women lowers portfolio volatility

INVESTING IN companies that have more women in leadership roles can help lower the volatility of your portfolio, according to Bank of America Corp. Firms with more gender diversity among managers have consistently seen lower share-price swings and reduced earnings volatility, the bank said in a March 7 report. They also boast of higher returns […] The post Investing more in women lowers portfolio volatility appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMar 8th, 2018

ERC working to clear approval backlog from power firms

THE Energy Regulatory Commission (ERC) said on Wednesday that it has been fast-tracking the approval of provisional authorities to operate (PAOs) and the issuance of certificates of compliance (CoCs), with its meeting on Feb. 27 clearing eight applications from generation companies. In a statement, ERC Chairman Agnes T. Devanadera said the approvals ensure additional power […] The post ERC working to clear approval backlog from power firms appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsMar 7th, 2018

Foreign firms push retention of incentives package in Philippines

MANILA, Philippines — The Joint Foreign Chambers (JFC) in the Philippines wants government to retain the incentives package it offers to investors, saying th.....»»

Category: financeSource:  philstarRelated NewsMar 5th, 2018

Megaworld spending P54B more on township near Manila Bay

Megaworld Corp. is investing an additional PHP54 billion in the 31-hectare Westside City township at the Entertainment City in Paranaque City over the next 10 years, as it supports the country’s growing tourism industry. It initially allocated PHP10 billion for the township in 2015, mostly for residential and hotel projects......»»

Category: newsSource:  interaksyonRelated NewsFeb 27th, 2018

Group presses tax perks for small firms

The Philippine Exporters Confederation Inc. (Philexport) wants the government to offer incentives under the second tax reform package specifically designed for micro, small and medium-sized enterprises (MSMEs). Philexport said that it wanted to see some fiscal and non-tax incentives in the second tax reform package, which the Department of Finance has recently submitted to Congress. After passing the first package---also known as the TRAIN law---in December last year, the government is now pushing the second in a series of tax reform packages. While the TRAIN law lowered the personal income taxes of many Filipinos and raised consumption taxes, the second package seeks to cut cor...Keep on reading: Group presses tax perks for small firms.....»»

Category: newsSource:  inquirerRelated NewsFeb 16th, 2018

ICTSI investing additional $250M in Iraq port

Port terminal operator International Container Terminal Services Inc. (ICTSI) expects to spend over $250 million in Iraq for a new berth, yard and state-of-the-art equipment as part of the second phase of development of its pioneering port infrastructure in Basra Gateway Terminal (BGT) at the Port of Umm Qasr. The phase two expansion, to be completed by the third quarter of 2019, will deliver 400 meters of new quay with a draft of 14 meters, alongside a new 30-hectare yard area and a 15-hectare secure parking area, ICTSI said in press statement on Thursday. Three post-Panamax ship-to-shore cranes will likewise be installed along the quay and seven rubber tired gantries (RTG) wi...Keep on reading: ICTSI investing additional $250M in Iraq port.....»»

Category: newsSource:  inquirerRelated NewsFeb 8th, 2018

US allocates add’l $6 million in aid for Marawi rehab

The United States has allocated an additional $6 million to support the rehabilitation efforts in war-torn Marawi City, Ambassador Sung Kim announced on GMA News'; News To Go on Tuesday.........»»

Category: newsSource:  manilanewsRelated NewsJan 10th, 2018

U.S. aid for Marawi rehab reaches more than P1B

MANILA, Philippines – The United States government is allocating an additional $6.6 million (P330 million) for the rehabilitation of Marawi city and surrounding areas affected by the war that ended last October .  The fund, which is given through the US Agency for International Development, will be used to provide livelihood trainings and opportunities ........»»

Category: newsSource:  rapplerRelated NewsJan 9th, 2018

US provides additional P330M aid for Marawi

MANILA, Philippines — Following its initial P730 million assistance for the rehabilitation of Marawi City, the US government has announced an additional P330.....»»

Category: newsSource:  philstarRelated NewsJan 9th, 2018

US provides additional P330M aid for Marawi

MANILA, Philippines — Following its initial P730 million assistance for the rehabilitation of Marawi City, the US government has announced an additional P330 Source link link: US provides additional P330M aid for Marawi.....»»

Category: newsSource:  manilainformerRelated NewsJan 9th, 2018