THE state has attracted over P1 trillion in capital investment under the Corporate Recovery and Tax Incentives for Enterprises (Create) Act, according to the Department of Finance (DOF). The DOF said that as of end-October, a total of P1.02 trillion in investment capital has entered the country across 910 Create-approved…
THE Marcos Jr. administration is looking to strengthen the country’s possession over islands in the West Philippine Sea (WPS) by exploring the possibility of turning them into tourist spots. According to the General Appropriations Act for 2024, the Tourism Infrastructure and Enterprise Zone Authority (Tieza) was allocated P100 million to…
MAHARLIKA means royalty. And it could also mean free, or free men.But for the Philippines, the definition of Maharlika is taking on a new phase. Is it a sovereign wealth fund? Investment fund? Development fund? Regardless, it all boils down to one: a fund. The Marcos Jr. administration pushed for…
The Bureau of Customs and the Bureau of Internal Revenue (BIR) need to get their act together to pursue cases of smuggling that deprive the government of funds for its social services. This is especially true for sin products, which are being taxed at higher rates to raise money to…
IN a bid to create a more inclusive investment climate and revitalize the Philippines’s capital markets, the House Committee on Ways and Means presented House Bill (HB) 9277, or the proposed Capital Markets Efficiency Promotion Act, to the plenary for debates. Contrary to the common belief that capital markets and…