IPAs point to COVID-19, high costs of doing business, and foreign equity restrictions as among barriers to investments in the Philippines

In recent reports to the Fiscal Incentives Review Board (FIRB), investment promotion agencies (IPAs) identified the COVID-19 pandemic, high costs of doing business, and foreign equity restrictions in the Philippines…

Continue ReadingIPAs point to COVID-19, high costs of doing business, and foreign equity restrictions as among barriers to investments in the Philippines

FIRB upholds Resolution 19-21 and denies PEZA request to exempt its registered IT-BPM enterprises from the rules on WFH arrangements

The Cabinet-level Fiscal Incentives Review Board (FIRB) maintained during its October 15 meeting the FIRB Resolution No. 19-21 that allows registered business enterprises (RBEs) of the Information Technology and Business…

Continue ReadingFIRB upholds Resolution 19-21 and denies PEZA request to exempt its registered IT-BPM enterprises from the rules on WFH arrangements