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FIRB eyes uniform fees charged by investment promotion agencies

MANILA - The Fiscal Incentives Review Board (FIRB) will harmonize all fees collected by investment promotion agencies (IPAs) from their registered investors "to ensure that rates are just and reasonable." The board has directed all IPAs to submit a copy of the fees they collected from registered business enterprises, with a detailed report on cost recovery and income generation. FIRB chair, Finance Secretary Carlos Dominguez III, said Friday the board wants to evaluate the fees collected by IPAs as part of its expanded policy-making and oversight functions under the Corporate Recovery and Tax Incentive for Enterprises (CREATE) law. "The need to evaluate and rationalize fees and charges collected by the IPAs is to ensure that there is equity and shared responsibility between the government and its stakeholders," Dominguez added. FIRB Secretariat head, Finance Assistant Secretary Juvy Danofrata, said the guidelines for the harmonization of charges in all IPAs would be ....

Juvy Danofrata , Tax Incentive For Enterprises , Fiscal Incentives Review Board , Finance Secretary Carlos Dominguez , Corporate Recovery , Tax Incentive , Finance Assistant Secretary Juvy Danofrata , Manila The Fiscal Incentives Review Board Firb Will Harmonize All Fees Collected By Investment Promotion Agencies Ipas From Their Registered Investors Quot To Ensure That Rates Are Just And Reasonable Has Directed Submita Copy Of They Business Enterprises , Itha Detailed Report On Cost Recovery And Income Generation Firb Chair , Inance Secretary Carlos Dominguez Iii , Aid Friday The Board Wants To Evaluate Fees Collected By Ipas As Part Of Its Expanded Policy Making And Oversight Functions Under Corporate Recovery Tax Incentive For Enterprises Create Law Quot Need Rationalize Charges Is Ensure That There Equity Shared Responsibility Between Government Stakeholders , Uot Dominguez Added Firb Secretariat Head , Finance Assistant Secretary Juvy Danofrata , Aid The Guidelines For Harmonization Of Charges In All Ipas Would Be Drafted Quot Based On Cost Recovery Principle , Ubject To Reasonable Rate Of Return Quot Revenue Implications Will Also Be Considered In The Adoption Guidelines For Setting Fees , Uot Danofrata Added She Said The Firb Would Be In Close Coordination With Ipas For This New Policy Quot Regular Consultations Will Conducted Their Views And Suggestions Considered To Ensure That Schedule Of Fees Charges Are Uniform Equitable All Stakeholders , Uot Danofrata Said Pna ,

Palace ensures unhampered gov't services amid transition

President Rodrigo Duterte (Screengrab from RTVM) MANILA - President Rodrigo Duterte has signed an administrative order creating (AO) a Presidential Transition Committee (PTC) to oversee the transition of power to the next administration and ensure the unhampered delivery of services to the public. Under Administrative Order No. 47, signed by Duterte on May 10, all departments, bureaus, and instrumentalities of government are directed to create their own internal transition committees which will support the PTC in overseeing the proper turnover of projects and continuous operation of their offices during the transition period. The AO states the PTC will be chaired by Executive Secretary Salvador Medialdea. Other members of the transition committee are Foreign Affairs Secretary Teodoro Locsin Jr., Finance Secretary Carlos Dominguez III, Budget Undersecretary Tina Rose Marie Canda, and Socioeconomic Planning Secretary Karl Chua. "We will work closely with the representatives of the i ....

Karl Chua , Rodrigo Duterte , Tina Rose Marie Canda , Teodoro Locsin Jr , Presidential Transition Committee , Foreign Affairs , World Bank , Administrative Order , Executive Secretary Salvador , Finance Secretary Carlos Dominguez , Budget Undersecretary Tina Rose Marie Canda , Socioeconomic Planning Secretary Karl , President Rodrigo Duterte Screengrab From Rtvm Manila Has Signed An Administrative Order Creating Aoa Presidential Transition Committee Ptc To Oversee The Of Power Next Administration And Ensure Unhampered Delivery Services Public Under No 47 , Igned By Duterte On May 10 , Hall Departments , Nd Instrumentalities Of Government Are Directed To Create Their Own Internal Transition Committees Which Will Support The Ptc In Overseeing Proper Turnover Projects And Continuous Operation Offices During Period Ao States Be Chaired By Executive Secretary Salvador Medialdea Other Members Committee Foreign Affairs Teodoro Locsin Jr , Inance Secretary Carlos Dominguez Iii , Budget Undersecretary Tina Rose Marie Canda , Nd Socioeconomic Planning Secretary Karl Chua Quot We Will Work Closely With The Representatives Of Incoming Administration To Ensurea Peaceful And Orderly Transfer Power , Uot Medialdea Said Ina Prerecorded Meeting With Duterte And Other Cabinet Members Aired Thursday That Official Talks Among Of The Ptc Will Be Put On Hold Until Next President Is Officially Declared Quot Since We Still Have No Proclaimed Winner , Fficial Talks Need To Be Put On Hold For The Moment , Ut Preparation On Our End Needs To Begin We , After All , Ave More Work To Do , Uot He Added Assured That The Ptc Would Ensurea Quot Smooth And Seamless Transition While Ensuring Continued Efficient Delivery Of Public Service We Assure Within Coming Weeks , He Entire Executive Branch Will Continue To Perform And Dispense With Its Duties But Ready Turn Over The Reigns Next President ,

PH economic team to woo Singapore investors

MANILA - The Philippines targets to lure more Singapore-based businesses to put up their operations here. This, as the Department of Trade and Industry (DTI) and the Embassy of the Philippines in Singapore will be holding the 3rd Philippine-Singapore Business and Investment Summit on April 27. Cabinet officials, including DTI Secretary Ramon Lopez, Finance Secretary Carlos Dominguez III, Energy Secretary Alfonso Cusi, and Bangko Sentral ng Pilipinas Governor Benjamin Diokno will discuss business opportunities in the country for Singaporean firms. The government officials will also discuss the monetary policy, business climate, economic growth prospects, and economic reforms achieved by the Duterte administration. Before President Rodrigo Duterte steps down on June 30, his administration was able to pass key economic bills, such as amendments to the Retail Trade and Liberalization Act (RTLA), Foreign Investments Act, and the Public Service Act. These legislations are expected to make th ....

Ramon Lopez , Benjamin Diokno , Rodrigo Duterte , Bangko Sentral , Embassy Of The Philippines , Public Service , Philippine Singapore Business , Investment Summit , Finance Secretary Carlos Dominguez , Energy Secretary Alfonso Cusi , Pilipinas Governor Benjamin Diokno , President Rodrigo Duterte , Retail Trade , Liberalization Act , Foreign Investments Act , Manila The Philippines Targets To Lure More Singapore Based Businesses Put Up Their Operations Here This , S The Department Of Trade And Industry Dti Embassy Philippines In Singapore Will Be Holding 3rd Philippine Business Investment Summit On April 27 Cabinet Officials , Ncluding Dti Secretary Ramon Lopez , Inance Secretary Carlos Dominguez Iii , Energy Secretary Alfonso Cusi , Nd Bangko Sentral Ng Pilipinas Governor Benjamin Diokno Will Discuss Business Opportunities In The Country For Singaporean Firms Government Officials Also Monetary Policy , Business Climate , Economic Growth Prospects , Nd Economic Reforms Achieved By The Duterte Administration Before President Rodrigo Steps Down On June 30 , Is Administration Was Able To Pass Key Economic Bills , Uch As Amendments To The Retail Trade And Liberalization Act Rtla ,

Unemployment rate eases as alert level relaxes

File photo MANILA - The country's unemployment rate fell to 7.4 percent in October from 8.9 percent in September as restrictions eased in most areas across the country, the Philippine Statistics Authority (PSA) reported Tuesday. The unemployment rate for October is the third-lowest for this year, only behind July data at 6.9 percent and March data at 7.1 percent. In a joint statement, Socioeconomic Planning Secretary Karl Kendrick Chua, Finance Secretary Carlos Dominguez III, and Budget and Management officer-in-charge Tina Rose Marie Canda said the unemployment numbers proved that the country is on track for "strong and early recovery." "The October 2021 labor force survey results affirmed the soundness of the government's push to safely reopen the economy, restore employment, and manage the spread of Covid-19 (coronavirus disease 2019). As we relaxed restrictions to Alert Level 2, more people were able to work while Covid-19 positivity, case fatality, and bed o ....

Karl Kendrick Chua , Tina Rose Marie Canda , Philippine Statistics Authority , Finance Secretary Carlos Dominguez , Alert Level , File Photo Manila The Country 39s Unemployment Rate Fell To 7 4 Percent In October From 8 9 September As Restrictions Eased Most Areas Across , He Philippine Statistics Authority Psa Reported Tuesday The Unemployment Rate For October Is Third Lowest This Year , Nly Behind July Data At 6 9 Percent And March 7 1 Ina Joint Statement , Ocioeconomic Planning Secretary Karl Kendrick Chua , Inance Secretary Carlos Dominguez Iii , Nd Budget And Management Officer In Charge Tina Rose Marie Canda Said The Unemployment Numbers Proved That Country Is On Track For Quot Strong Early Recovery October 2021 Labor Force Survey Results Affirmed Soundness Of Government 39s Push To Safely Reopen Economy , Restore Employment , Nd Manage The Spread Of Covid 19 Coronavirus Disease 2019 As We Relaxed Restrictions To Alert Level 2 , Ore People Were Able To Work While Covid 19 Positivity , Case Fatality , Nd Bed Occupancy Rates Continued To Improve , Uot The Economic Managers Said They 234 , 000 Jobs Were Added To The Labor Market In October , Ringing The Total Employment To 1 3 Million Above Pre Pandemic Levels Quot Better Outcomes In October Were Driven By Government 39s Policies That Further Reopened Economy Safely , Uch As Shifting To The Alert Level System And Granular Lockdowns From Large Area Blanket Quarantines Allowing More Mobility For Vaccinated Individuals , Uot They Added On The Other Hand , Nderemployment Increased To 16 1 Percent In October From 14 2 As More Filipinos Desire Have Additional Work Hours Their Present Jobs , R To Have An Additional Job , R To Havea New Job Witha Longer Work Period The Labor Force Participation Rate Slightly Slowed Down 62 6 Percent From 63 3 In Same Economic Managers Said Government Will Push For Its 10 Point Agenda Shift Froma Pandemic An Endemic Paradigm Includes Metrics , Healthcare Capacity , Conomy And Mobility ,