What is the Fiscal Incentives Review Board?

What is the Fiscal Incentives Review Board? The Fiscal Incentives Review Board (FIRB) is the government body authorized to grant tax incentives (i.e., tax discounts and exemptions) to registered business enterprises (RBEs). Its goal is to ensure that the tax incentives granted are performance-based, time-bound, targeted, and transparent. What is the Fiscal Incentives Review Board’s … Read more

3 Main Barriers to Investment in the Philippines

Investment promotion agencies (IPAs) have identified the three main barriers to foreign investments in the Philippines. Foreign Equity Restrictions; High Costs of Doing Business; COVID-19 Pandemic. To address such restrictions on foreign equity, the government has passed into law three economic liberalization bills amending the Public Service Act (PSA), Retail Trade Liberalization Act (RTLA), and … Read more

Bounty Agro Venture Inc and Satra Meat Haus

The Department of Agriculture (DA)-9 has certified Bounty Agro Venture Inc and Satra Meat Haus as the only halal-certified establishments in Zamboanga City. The DA-9–Halal Food Industry Development Program (HFIDP), together with the Halal Agri- Fishery Development Council of Zamboanga City – Al Risalah Radio Zamboanga, and Addhiya Foundation presented the Certificate of Recognition to … Read more

Barrilla

In celebration of this year’s National Heritage Month, the Bangko Sentral ng Pilipinas (BSP) features important pieces from its numismatic collection. In the photo is the barrilla, where the present-day term “barya” or small change comes from. One of the greatest monetary problems during the years of colonization was the acute shortage of fractional coins. … Read more

Average Monthly Income of Filipino

Average Monthly Income of Filipino A Filipino family of five’s economic standing based on their monthly income. Data was presented to the Senate finance committee by the Philippine Institute for Development Studies (PIDS) Low income but not poor: Php 10,957 to Php 21,914 Lower middle: Php 21,914 to Php 43,828 Middle class: Php 43,828 to … Read more