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Deputy Speaker Lray Villafuerte is calling on the Department of Trade and Industry (DTI) and the Board of Investments (BOI) to work double-time in conducting roadshows abroad to attract foreign investors set on leaving China to relocate to the Philippines. Villafuerte at the same time called on the Senate to approve the state economic team’s modified version of the […]
Trade Secretary Ramon Lopez lauded the Senate version of the Corporate Income Tax Incentives and Rationalization Act (CITIRA) sponsored by Senator Pia Cayetano. The new bill not only balances the concerns of many stakeholders, offering a longer transition period for high performing investments (e.g. 100% exportation or employing over 10,000 people), but also removes the […]
Senator Win Gatchalian is urging the Department of Finance (DOF) to carefully study how it plans to protect the jobs of thousands of Filipinos if Congress approves the proposed Corporate Income Tax Incentives Reform Act (CITIRA). Gatchalian, vice chairman of the Senate Committee on Economic Affairs, expressed his apprehension on the passage of CITIRA, especially […]