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THE Department of Finance (DOF) has instructed the Fiscal Incentives Review Board (FIRB) to rationalize fees collected by investment promotion agencies (IPAs) from registered Philippine offshore gaming operators (POGOs). Assistant Secretary Juvy C. Danofrata was quoted in a statement as saying that the FIRB Secretariat has been instructed to look…
RAMON S. Ang, fondly called RSA and dubbed the “King of Skyway” by Clark Development chair Ed Pamintuan, has done it again. The president and chief executive officer of San Miguel Corporation has just inaugurated another of his state-of-the-art road networks with the opening of the South Luzon Expressway (SLEX)…
MANILA - The administration's "Build, Build, Build" infrastructure program is expected to continue attracting foreign investments to Clark to create a new metropolis outside Metro Manila. During the Clark business conference Tuesday, Clark Development Corp. (CDC) Business Development and Business Enhancement Group vice president Rhyna Ventura said CDC has attracted PHP3.68 billion of foreign investments last year, 43 percent higher than the PHP2.6 billion approved foreign investments in 2020. She said these foreign investment commitments will create 6,690 jobs. Ventura said aside...
DESPITE the Covid-19 pandemic, the country’s foreign investment pledges surged by 71.5 percent year-on-year to P192.34 billion in 2021, according to data from the Philippine Statistics Authority (PSA). Based on the PSA’s latest report, approved foreign investments grew from P112.12 billion recorded in 2020. The country’s foreign investment pledges plunged…
SEC partners with Olympians, 18 institutions to expand financial literacy campaign