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Bangsamoro EZA can now grant incentives to investors

DAVAO CITY—The Bangsamoro Economic Zone Authority (Beza) can now grant incentives to investors. This was announced by the Fiscal Incentive Review Board (FIRB) in late January. It also said that the BEZA was authorized to be an investment promotion agency (IPA) for the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM).…

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House opens deliberations on CREATE MORE bill | Jovee Marie N. de la Cruz

IN a decisive move to address issues plaguing the implementation of the Corporate Recovery and Tax Incentives for Enterprises (CREATE) Act, the House of Representatives on Monday opened the plenary deliberations of the CREATE MORE Act. In his sponsorship speech, House Committee on Ways and Means Chairman Joey Sarte Salceda…

Philippine , Benguet , Philippines , Joey-sarte-salceda , Philippine-creative-industries-development , Bureau-of-internal-revenue , Bangsamoro-economic-zone-authority , House-committee-on-ways , Tax-incentives-for-enterprises , National-internal-revenue-code , Corporate-recovery , Tax-incentives

House panel greenlights changes to CREATE law - BusinessWorld Online

House panel greenlights changes to CREATE law - BusinessWorld Online
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House panel preps Create More Bill for plenary debates this week

IN a bid to stimulate economic growth and innovation, the House Committee on Ways and Means has finalized the proposed Corporate Recovery and Tax Incentives for Enterprises Act (Create More), which seeks to establish a 20-percent income tax rate for both domestic and foreign corporations under the enhanced deduction income…

Philippine , Benguet , Philippines , Joey-sarte-salceda , Bureau-of-internal-revenue , Philippine-creative-industries-development , National-internal-revenue-code , Bangsamoro-economic-zone-authority , Tax-incentives-for-enterprises-create , House-committee-on-ways , Tax-incentives-for-enterprises-act-create-more , Tax-incentives-for-enterprises

House panel endorses CREATE MORE - BusinessWorld Online

House panel endorses CREATE MORE - BusinessWorld Online
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Creation of more Bangsamoro economic zones welcomed

Creation of more Bangsamoro economic zones welcomed
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Polloc , Maguindanao , Philippines , Midsayap , North-cotabato , Cotabato , Paisalin-pangandaman-tago , Nabil-alfad , Sinolinding-jr , Rolly-sacdalan , Emmylou-talino-mendoza , Infantry-division

Bangsamoro ecozones backed - BusinessWorld Online

Bangsamoro ecozones backed - BusinessWorld Online
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BARMM, MinDA collaborate to boost region's economy through barter trade

Officials say reviving the age-old tradition of barter trade in Mindanao will not only stimulate local economies but also foster cross-cultural connections

Cotabato , Philippines , Malaysia , Tawi , Maguindanao , Brunei , Indonesia , Basilan , Ahod-balawag-al , Rosslaini-alonto-sinarimbo , Mindanao-development-authority-min , Bangsamoro-economic-zone-authority

Bangsamoro ecozone agency bill filed in region's parliament

Bangsamoro ecozone agency bill filed in region's parliament
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Maguindanao , Philippines , Malaysia , Montenegro , Philippine , Benguet , Misamis-oriental , Tawi , Caraga , Davao-oriental , Basilan , Davao

BARMM solon pushes for creation of regional ecozone authority

ECOZONES. BARMM Member of Parliament Amir Mawallil takes the floor on Thursday (Sept. 30, 2021) to explain his proposed Parliament Bill 129, otherwise known as the Bangsamoro Economic Zone Act of 2021, to help spur economic development in the fledgling regional bureaucracy. Mawallil filed a proposal creating the Bangsamoro Economic Zone Authority to organize local economic zones for a concerted effort to promote and accelerate the development of industries across the region. (Photo courtesy of BTA - BARMM Parliament) COTABATO CITY - A bill has been filed with the regional parliament seeking to propel economic development in the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM) through the creation of a regional ecozone agency. On Friday, Member of Parliament (MP) Amir Mawallil, a former journalist-turned-BARMM legislator, said he filed Parliament Bill 129, otherwise known as the Bangsamoro Economic Zone Act of 2021, to create the Bangsamoro Economic Zone Authority (BEZA). "The creation of the BEZA will generate jobs, especially in the rural areas, increase their productivity and their individual and family income, and ultimately to improve the level and quality of their living condition," Mawallil said of the proposal he submitted before the Bangsamoro Transition Authority plenary on Thursday afternoon. In particular, he said the bill intends to promote the flow of investors into the region, which would then generate employment opportunities for the Bangsamoro people and ensure that products unique to the region gain considerable access to the domestic and global markets. "Upcoming economic zones that will be established in the region shall be developed into decentralized, self-reliant, and sustainable agro-industrial and commercial investment centers, which shall be operated and treated as a separate customs territory," he said. Once formed, the Bangsamoro economic zones, which will be developed in different key areas across the region, will assist the regional government to entice international markets, as well as local and foreign investors, to take notice of the resources and investment desirability of the BARMM. The local economic zones are also expected to facilitate the marketing and export of goods and services produced by several industries. Mawallil said the emerging global and regional opportunities for Halal and Islamic finance, as well as the strong support of President Rodrigo Duterte's administration to peace and development, promises well for the region's socio-economic development, through the creation of the BEZA. The lawmaker from Sulu said he is confident and optimistic that the passage of the BEZA Act will capitalize on the rich natural resources that BARMM has, in addition to several comparative advantages that can be utilized to improve the current state of the region, its government, and its people. The bill is supported and co-sponsored by MPs Laisa Alamia, Baintan Ampatuan, Suharto Ambolodto, Don Mustapha Loong, Rasol Mitmug Jr., Abraham Burahan, and Sittie Shahara Mastura. (PNA) }

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