A senior lawmaker said the Philippines should follow its Asean neighbors’ lead in constitutional reforms to attract more foreign direct investment, citing the multitude of amendments undertaken by other countries as a benchmark for necessary reform. Drawing inspiration from Indonesia, Vietnam and Thailand, which have embraced multiple constitutional amendments to…
Farmers from Western Aklan District got the much-needed boost with the recent turn over of P2.7 million worth of farm machinery and equipment, the Department of Agrarian Reform (DAR) announced on Tuesday. The farm machinery and equipment went to selected agrarian reform beneficiaries organizations (ARBOs) in Western Aklan District to boost…
BusinessWorld
April 26, 2021 | 8:15 pm
WWW.ANFLOINDUSTRIALESTATE.COM
THE HOUSE Ways and Means Committee approved bills that proposed new economic zones in various parts of the country, including Mindoro, Sangley Point, Cavite, and Bacolod City.
In a hearing on Monday, the committee made an omnibus approval on the tax provisions of unnumbered substitute bills to House Bills 263, 264, 655, 3239, 5440, 5538, and 5794 subject to amendments.
The seven bills called for special economic zones to be created in Paluan, Occidental Mindoro; Sangley, Cavite; Cebu’s 4
th District, Bacolod, Northern Bohol, and Metro Iloilo.
Representative and House Committee on Economic Affairs Chairman Teodorico T. Haresco, Jr. said at the hearing that each of the bills will help boost local economies, which he called a timely response to the pandemic.