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(Screenshot from video courtesy of Secretary Delfin Lorenzana Facebook page) MANILA - The activation of the Naval Operating Base (NOB) Subic shows President Rodrigo R. Duterte's appreciation for a well-equipped naval force, outgoing Department of National Defense (DND) Secretary Delfin Lorenzana said Friday. "I am extremely delighted to have this Naval Operations Base (NOB) facility up and running before my term as SND (Secretary of National Defense) ends. Its establishment speaks volumes of how our President and Commander-In-Chief, Rodrigo Roa Duterte, appreciates the value of a well...

The government lost billions of pesos in power subsidies and tax incentives to now-defunct Hanjin Heavy Industries and Construction Philippines Inc. (HHIC-Phil), the Fiscal Incentives Review Board (FIRB) said. In a statement Tuesday, June 7, Finance Assistant Secretary and FIRB Secretariat Head

THE Navy’s Philippine Fleet occupied its new home at the former Hanjin Heavy Industries and Construction Philippines (HHIC-Phil) Shipyard in Subic on Tuesday. The Fleet, which had been based in Cavite, made a symbolic docking of its BRP Antonio Luna (FF151) in its new base through the help of the Navy’s Offshore…

The Fiscal Incentives Review Board (FIRB) has approved the grant of tax incentives to the P17-billion US-funded Project AGILA, which seeks to redevelop and operate the Hanjin shipyard in the Subic Bay freeport zone.  In a statement, Tuesday, May 10, FIRB said the project was granted special corpo

THE Cabinet-level Fiscal Incentives Review Board (FIRB) approved tax perks for the P17-billion Project Agila for the redevelopment and operations of Hanjin shipyard in the Subic Bay freeport zone. Finance Secretary and FIRB Chairman Carlos G. Dominguez III supported the approval of tax incentives for Project Agila, which is funded…