American-owned data center developers ENDECGROUP Inc. and Black and Veatch (B&V) are considering the Philippines as an ideal location for their investments, Trade and Industry Secretary Ramon M. Lopez announced. Lopez, who is currently in the US, is pursuing discussions with US investors that w
THE Department of Trade and Industry is pursuing investors that would build data centers and renewable energy projects in the Philippines. DTI officials led by Trade Secretary Ramon M. Lopez met with executives from the ENDECGROUP Inc. and Black and Veatch (B&V) on April 18 and cited the Duterte administration’s…
The Philippines’ list of preferred areas of economic activities that the government will be granting juicy tax and incentive packages to is undergoing significant makeover with the implementation of the CREATE (Corporate Recovery and Tax Incentives for Enterprises) Law.
The CREATE Law provides for
The Philippine Economic Zone Authority (PEZA) is confident it can resolve with the Bureau of Internal Revenue (BIR) and the Bureau of Customs (BOC) whatever incentives issue in the implementation of the 70-30 (onsite-work from home) ratio hybrid work arrangement for its registered business enterpris
THE Cabinet-level Fiscal Incentives Review Board (FIRB) has flagged the “low utilization rate” of its online registration and incentives application portal for investors or enterprises, as well as limited awareness on the Corporate Recovery and Tax Incentives for Enterprises (CREATE) law among stakeholders. As of February 14, only 45 accounts…