BOI offers stronger tax perks

For manufacturer Manufacturers in the Philippines are allowed to carry over any operating loss from financial year 2020-2021 as tax deduction from gross income over the next five taxable years, according to the Board of Investments (BOI). BOI Managing Head Ceferino Rodolfo said this has been  allowed under the Bayanihan to Recover as One Act or Bayanihan 2, which provides P165 billion in economic stimulus package. “A range of new financial measures and incentives are now available to manufacturers in the Philippines, thanks to new legislation recently signed into law,” said Rodolfo, who is also Trade and Industry’s Undersecretary for industry promotions group. The ‘Bayanihan 2 Act’ is aimed at helping the Philippines recover from the economic impact of Covid-19. It was signed into law by President Duterte in September. Elsewhere, he said, many qualified manufacturers will be exempt from business taxes, import duties, and other fees on a range of products.  This includes the production of medical equipment and Covid-19 related items such as Personal Protective Equipment (PPE), as well as the raw materials relevant to the manufacturing of these items.  The same relief measures will also apply to the production of equipment for waste management, including waste segregation, storage, collection, sorting, treatment and disposal services.  The Philippine Board of Investments (BOI) is urging manufacturers and other large businesses to take advantage of these provisions. For more details on doing so, businesses can book an appointment with BOI via their Facebook page and speak to a dedicated specialist. Information is also available on BOI’s Covid-19 resource hub for businesses.  “We know that Covid-19 is still having a significant impact on the operations of manufacturers across the Philippines, and we at BOI are doing all we can to help them,” said Rodolfo as he urged   businesses to visit BOI resource hub website and book an appointment with BOI via its Facebook page.  “Our dedicated specialists can help businesses understand more about how they can take advantage of the incentives and support in the Bayanihan 2 Act”  The Bayanihan 2 stimulus package consists of P140 billion of regular appropriations and an additional standby fund of P25.5 billion. Under the law, P3 billion will be allotted for the procurement of personal protective equipment, face masks, and face shields; P4.5 billion for the construction of temporary medical isolation and quarantine facilities and the expansion of government hospital capacity; and P13.5 billion for emergency employment and compensation of health workers. A total of P4.5 billion will be used to finance isolation facilities, hotel accommodation, food, and transportation of Covid-19 patients; and PHP5 billion for the hiring of contact tracers. Other allocations include P13 billion for the cash-for-work program; P9.5 billion for assistance to public utility drivers and other programs of the transportation department; P6 billion for “individuals in crisis” and other programs of the social welfare department; P4 billion for the tourism industry; and P4 billion for the education department’s implementation of digital learning. Bayanihan 2 is the second installment of the Bayanihan to Heal as One Act (Bayanihan 1), which gave Duterte emergency powers to address the Covid-19 crisis in the country. The Bayanihan 1 law, signed by the president on March 25, already expired on June 25, 2020......»»

Category: lifestyleSource: abscbn abscbnOct 18th, 2020

Two Digital Advocates Give Fuel Discounts to Members

Puregold Price Club, Inc. has teamed up with Cleanfuel, the country’s fastest-growing independent fuel company, to deliver the new Fuel Saver Discount promo that allows great savings on your fuel purchases every time you gas up at a Cleanfuel station. Through the Fuel Saver Discount promo, qualified customers can get as much as P2.00 off per liter on Premium95 and Clean91 gasoline fuels and P1.00 offer per liter on diesel. The promo is exclusive only for Puregold’s Tindahan ni Aling Puring or Perks Card members. Puregold President Vincent Co shared that the partnership with Cleanfuel, apart from its innovative services which includes cashless transactions, will provide an additional value to its customers. “We are grateful to partner with Cleanfuel as we know that this is the best time to give our customers an opportunity to save on expenses especially on essential products such as fuel,” said Co. To be able to avail of the fuel discount, Tindahan ni Aling Puring and Perks Card members can get their discount coupons in all Puregold stores in Luzon. Simply surrender the discount coupons to any participating Cleanfuel station and start enjoying the massive discounts that the promo offers. The good news is—there is no minimum purchase required to avail of the promo. As long as you can provide your Fuel Saver Coupon, the promo’s per liter discount is yours for the taking. This means you can save up to P20.00 when you buy 10 liters of Premium95 and Clean91 gasoline fuels, and get P10.00 off on your purchase when you buy 10 liters of Diesel. Meanwhile, Atty. Bong Suntay, President of Cleanfuel Group of Companies, expresses his gratitude with the Puregold partnership. “We are very much excited with this partnership as we view this as a long term commitment with two formidable Filipino-owned companies joining together in bringing brand loyalty to its customer base.” Suntay explained that Puregold has been in the supermarket chain for over two decades operating online through the Puregold Mobile app and with more than 400 stores nationwide. “We are happy with the start of our partnership with Puregold with fuel discounts to their customers. This shows that Puregold and Cleanfuel truly care about their members.” The promo runs from October 1, 2020 to December 31, 2020. Per DTI Fair Trade No. FTEB-104671, Series of 2020......»»

Category: newsSource: NewsOct 18th, 2020

How a PEZA Accreditation can Boost Your Business

Dozens of entrepreneurs, investors, and companies opt for outsourcing jobs to save costs. To increase investments in the Philippines, the government agency Philippine Economic Zone Authority (PEZA) is the answer to your entrepreneurial needs. PEZA offers a long list of benefits and incentives for foreign entities in the country. Financial perks A PEZA accreditation bestows […].....»»

Category: newsSource:  metrocebuRelated NewsApr 2nd, 2020

Amelie Hotel Manila offers graduation treat

Celebrate this milestone with the family and experience a modern hotel stay with awesome perks. Relax in our spacious Deluxe 2 room equipped with two comfy queen sized beds, air conditioning, electronic safe, and coffee making facilities. Praise this blessing with a mouthwatering set meal. Choose between a Family-style or Boodle-fight experience for either lunch […].....»»

Category: newsSource:  manilatimes_netRelated NewsMar 2nd, 2020

Emirates offers complimentary hotel accommodation, free excess baggage allowance and free tourist visas

IN case you missed it last time, Emirates is offering travelers from the Philippines the opportunity to visit Dubai for less and explore its vast offerings that are sure to delight everyone. Back by popular demand, the amazing offer includes great fares to Dubai and a host of added-value perks, including a two -night hotel […].....»»

Category: newsSource:  manilatimes_netRelated NewsFeb 17th, 2020

PHL offers perks to lure start-ups from around the world

PHL offers perks to lure start-ups from around the world.....»»

Category: newsSource:  bworldonlineRelated NewsSep 2nd, 2019

Nation: Abe offers Y1-trillion aid, stronger ties

"A MUCH AWAITED REUNION" -- this is how President Rodrigo R. Duterte described the official visit of Japanese Prime Minister Shinzo Abe to the Philippines, which saw the signing of various agreements and the granting of a Y1-trillion aid package to the Philippines spread over the next five years......»»

Category: financeSource:  bworldonlineRelated NewsJan 12th, 2017

MMFF offers 30 percent discount to students, seniors

“Let your dreams be bigger than your fears, your actions louder than your words, and your faith stronger than your feelings.”.....»»

Category: newsSource:  tempoRelated NewsDec 21st, 2016

DTI’s Lopez sees stronger economic ties with Asean

MANILA, Philippines - Being famous comes with its own share of perks, and the Philippine economy is expected to benefit from having a leader as popular as Pr.....»»

Category: financeSource:  philstarRelated NewsSep 18th, 2016

House passes bill regulating e-commerce

The House of Representatives has passed the bill providing stronger regulation of the P350-billion e-commerce industry in the country......»»

Category: newsSource:  philstarRelated News18 hr. 43 min. ago

AstraZeneca says vaccine needs ‘additional study’

LONDON, United Kingdom (AFP) — The head of British drug manufacturer AstraZeneca said on Thursday further research was needed on its Covid-19 vaccine after questions emerged over the protection it offers, but the additional testing is unlikely to affect regulatory approval in Europe. AstraZeneca and its partner, the University of Oxford, announced on Monday that […] The post AstraZeneca says vaccine needs ‘additional study’ appeared first on Daily Tribune......»»

Category: newsSource:  tribuneRelated News22 hr. 59 min. ago

The Hub Cebu offers green phone cases, more treats to Pinoys for the holiday season

Who wouldn’t get all jolly and excited with this holiday season peeping through their calendars? And with the season of giving and receiving drawing near, The Hub Cebu has made its way again not just into our Facebook and Instagram feeds but also to our wishlists. These include The Hub Cebu’s holiday treats like Nicole […] The post The Hub Cebu offers green phone cases, more treats to Pinoys for the holiday season appeared first on Cebu Daily News......»»

Category: newsSource:  inquirerRelated NewsNov 27th, 2020

Duterte offers reward to informants of govt anomalies, corruption

President Rodrigo Roa Duterte (Presidential Photo)CALOOCAN CITY, Nov. 25 (PIA) -- President Rodrigo R. Duterte is offering outright reward money for those who will report a.....»»

Category: newsSource:  manilanewsRelated NewsNov 26th, 2020

PAL seeks gov’t support for debt restructuring

Its management and stakeholders continue to work on a comprehensive recovery and restructuring plan that will enable PAL to emerge financially stronger from the current global crisis . The post PAL seeks gov’t support for debt restructuring appeared first on Daily Tribune......»»

Category: newsSource:  tribuneRelated NewsNov 25th, 2020

PLDT Home, ASUS team up to bring Wifi 6 mesh technology in PH

Delivering the fastest streaming and gaming experience at home, PLDT Home sets out to introduce a new mesh technology that can bring next-level connectivity as it offers the new ASUS WiFi 6 mesh routers in the Philippines. .....»»

Category: techSource:  thestandardRelated NewsNov 25th, 2020

Toyota Offers Safe Ride and Special Support

Japanese multinational automotive manufacturer Toyota offers a safe ride and special support to customers through their wide variety of discounts and freebies which runs from November 4 to November 30, 2020. Different car models have their different promo discounts, if you want an all-around MPV you can avail of the Innova and save up to […].....»»

Category: newsSource:  metrocebuRelated NewsNov 25th, 2020

Philippines offers to become backup host for future SEA Games

The Philippines may end up as a replacement host of the Southeast Asian Games should a designated country back out......»»

Category: sportsSource:  philstarRelated NewsNov 24th, 2020

Bajaj Philippines offers Pinoy entrepreneurs the right diskarte tools

Bajaj Philippines’ Tamang Diskarte offers Pinoys a way to help get through this tough time......»»

Category: newsSource:  philstarRelated NewsNov 24th, 2020

PEZA out to prevent third straight year of investment slump

PEZA out to prevent third straight year of investment slump MANILA, Philippines — The country’s largest economic zone operator is looking to halt a two-year drop in investment pledges this year, a daunting task amid investor aversion to uncertainties brought by pandemic and legislation to reduce tax perks. With only 2 months left into the year, […].....»»

Category: newsSource:  balitaRelated NewsNov 23rd, 2020

Digital transformation seen to improve Metro Manila economy

Digital transformation will continue to play a stronger role in the growth and recovery of Metro Manila’s economy amid the pandemic, the National Economic and Development Authority said on Friday......»»

Category: newsSource:  philstarRelated NewsNov 23rd, 2020

Finishing stronger

The storyline was similar in both Games 2 of the PBA Philippine Cup semifinals in the Clark bubble last Friday......»»

Category: sportsSource:  philstarRelated NewsNov 22nd, 2020