BusinessWorld
May 25, 2021 | 12:04 am
LIMA central business district is LIMA Estate’s 30-hectare commercial area in Batangas. COMPANY HANDOUT
TOP DEVELOPERS have been moving out of Metro Manila and flocking to the Cavite-Laguna-Batangas corridor due to its readiness for industrial activity, according to real estate advisory firm PRIME Philippines.
Cavite, Laguna and Batangas have attracted projects, ranging from office spaces to industrial lots and warehouses, with commercial land as something to look out for in the future, said PRIME’s head of research Francis Mina, in a webinar on real estate market opportunities in the area.
“It’s now a lot easier to traverse north to south,” said Mr. Mina, speaking from his personal experience. “We’ve also seen cases of municipalities in the region being converted to cities because of high industrial and commercial activity brought about by ecozones.”
Vaccine manufacturing firms now have access to the green lane permitting process for the establishment and operation of "bulk import, fill and finish COVID-19 production facilities" in the Philippines. On Wednesday, the Anti-Red Tape Authority (ARTA) signed the Joint Memorandum Circular (JMC) toget
House of Representatives (MANILA BULLETIN File photo/Alvin Kasiban) These are the effective implementation of the Corporate Recovery and Tax Incentives for Enterprises Act (CREATE); a fiscally sustainable framework for military pensions; and a bevy of tax administration and enforcement measures, Salceda, the House panel’s chairman, said. “We are trying to avoid new taxes, unless they are for sectors that won’t get hurt by taxes, like POGO (Philippine Offshore Gaming Operators) or e-sabong. Our focus now is really to secure the legacy of President Duterte’s tax reforms and to work on what we still can with the final year,” Salceda said in a statement.
Published May 3, 2021, 5:00 PM
The Department of Trade and Industry (DTI) has strongly batted for the lifting of locational investment restrictions, including business process outsourcing (BPO) operations in Metro Manila, to create more jobs, especially in the country’s capital.
Trade and Industry Secretary Ramon M. Lopez said during the TGER-NERS Job Summit on Labor Day, May 1, that DTI and the Board of Investments (BOI) support the recommendations of the business sector to the review of the Investment Priorities Plan (IPP) and to remove the geographical qualifications in availing subsidies, incentives, and programs, among others.
Trade and Industry Secretary Ramon M. Lopez (Bloomberg file photo)
Bills creating SEZs okayed visayandailystar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from visayandailystar.com Daily Mail and Mail on Sunday newspapers.