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                    [ArticleID] => 355744
                    [Title] => Only 60% of projects granted perks materialize within 3 yrs
                    [Summary] => Only about 60 percent of planned foreign direct investments being qualified for various government incentives actually materialize over a period of three years, officials said yesterday.


According to Sen. Manuel Roxas II, however, the actual projects being qualified for incentives were less than the projects registered by various government agencies responsible for administering investment incentives.


                    [DatePublished] => 2006-09-01 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096655
                    [AuthorName] =>  Des  Ferriols
                    [SectionName] => Business
                    [SectionUrl] => business
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                    [ArticleID] => 324612
                    [Title] => Combined deficit of government firms projected to hit P47.8B this year
                    [Summary] => The combined deficit of the country’s non-financial state-owned corporations is expected to reach P47.8 billion this year, with total debts of over P1.4 trillion, the Department of Finance (DOF) reported over the weekend.


Data from the DOF indicated that government-owned and controlled corporations (GOCCs) would still generate losses of up to P47.8 billion this year despite measures already taken by the government, chiefly the increase in power rates for the National Power Corp. (Napocor).


                    [DatePublished] => 2006-03-06 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096655
                    [AuthorName] =>  Des  Ferriols
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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                    [ArticleID] => 319475
                    [Title] => No more increase in corporate income taxes this year, says DOF
                    [Summary] => The Department of Finance (DOF) said there will be no more increase in corporate income taxes this year after the government raised the rate from 30 percent to 35 percent in November last year.


Finance Secretary Margarito B. Teves said yesterday that the DOF would not push for any other major tax measures until it has demonstrated that the Bureau of Internal Revenue (BIR) would be able to deliver its collection target this year.


                    [DatePublished] => 2006-02-01 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096655
                    [AuthorName] =>  Des  Ferriols
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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                    [ArticleID] => 310192
                    [Title] => IMF to RP: Consolidate, rationalize fiscal perks
                    [Summary] => The International Monetary Fund (IMF) said the Philippine government needs to consolidate and rationalize its fiscal incentives over the medium term but it would be up to the authorities how they intended to do it. 


According to the IMF, the government need not focus on giving industries fiscal incentives since the money could be better spent providing basic support that improve competitiveness over the long term. 


                    [DatePublished] => 2005-12-04 00:00:00
                    [ColumnID] => 133272
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                    [AuthorName] =>  Des  Ferriols
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                    [ArticleID] => 310397
                    [Title] => IMF to RP: Consolidate, rationalize fiscal perks
                    [Summary] => The International Monetary Fund (IMF) said the Philippine government needs to consolidate and rationalize its fiscal incentives over the medium term but it would be up to the authorities how they intended to do it. 


According to the IMF, the government need not focus on giving industries fiscal incentives since the money could be better spent providing basic support that improve competitiveness over the long term. 


                    [DatePublished] => 2005-12-04 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096655
                    [AuthorName] =>  Des  Ferriols
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [5] => Array
                (
                    [ArticleID] => 309292
                    [Title] => DOF seeks lifting of fiscal perks to save P300B a year
                    [Summary] => The Department of Finance (DOF) is asking Congress to lift the fiscal incentives of airline companies and 36 other public and private corporations that cost the government at least P300 billion annually.


Finance officials said the government’s complex incentives system has resulted in revenue losses equivalent to 6.97 percent of the country’s gross domestic product (GDP), an amount more than enough to wipe out the entire budget deficit. 


                    [DatePublished] => 2005-11-29 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096655
                    [AuthorName] =>  Des  Ferriols
                    [SectionName] => Business
                    [SectionUrl] => business
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AIR PHILIPPINES AND ABOITIZ SHIPPING

Array
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    [results] => Array
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                    [ArticleID] => 355744
                    [Title] => Only 60% of projects granted perks materialize within 3 yrs
                    [Summary] => Only about 60 percent of planned foreign direct investments being qualified for various government incentives actually materialize over a period of three years, officials said yesterday.


According to Sen. Manuel Roxas II, however, the actual projects being qualified for incentives were less than the projects registered by various government agencies responsible for administering investment incentives.


                    [DatePublished] => 2006-09-01 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096655
                    [AuthorName] =>  Des  Ferriols
                    [SectionName] => Business
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                )

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                (
                    [ArticleID] => 324612
                    [Title] => Combined deficit of government firms projected to hit P47.8B this year
                    [Summary] => The combined deficit of the country’s non-financial state-owned corporations is expected to reach P47.8 billion this year, with total debts of over P1.4 trillion, the Department of Finance (DOF) reported over the weekend.


Data from the DOF indicated that government-owned and controlled corporations (GOCCs) would still generate losses of up to P47.8 billion this year despite measures already taken by the government, chiefly the increase in power rates for the National Power Corp. (Napocor).


                    [DatePublished] => 2006-03-06 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096655
                    [AuthorName] =>  Des  Ferriols
                    [SectionName] => Business
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                    [URL] => 
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                (
                    [ArticleID] => 319475
                    [Title] => No more increase in corporate income taxes this year, says DOF
                    [Summary] => The Department of Finance (DOF) said there will be no more increase in corporate income taxes this year after the government raised the rate from 30 percent to 35 percent in November last year.


Finance Secretary Margarito B. Teves said yesterday that the DOF would not push for any other major tax measures until it has demonstrated that the Bureau of Internal Revenue (BIR) would be able to deliver its collection target this year.


                    [DatePublished] => 2006-02-01 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096655
                    [AuthorName] =>  Des  Ferriols
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

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                (
                    [ArticleID] => 310192
                    [Title] => IMF to RP: Consolidate, rationalize fiscal perks
                    [Summary] => The International Monetary Fund (IMF) said the Philippine government needs to consolidate and rationalize its fiscal incentives over the medium term but it would be up to the authorities how they intended to do it. 


According to the IMF, the government need not focus on giving industries fiscal incentives since the money could be better spent providing basic support that improve competitiveness over the long term. 


                    [DatePublished] => 2005-12-04 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
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                    [AuthorName] =>  Des  Ferriols
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                    [URL] => 
                )

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                    [ArticleID] => 310397
                    [Title] => IMF to RP: Consolidate, rationalize fiscal perks
                    [Summary] => The International Monetary Fund (IMF) said the Philippine government needs to consolidate and rationalize its fiscal incentives over the medium term but it would be up to the authorities how they intended to do it. 


According to the IMF, the government need not focus on giving industries fiscal incentives since the money could be better spent providing basic support that improve competitiveness over the long term. 


                    [DatePublished] => 2005-12-04 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096655
                    [AuthorName] =>  Des  Ferriols
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

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                (
                    [ArticleID] => 309292
                    [Title] => DOF seeks lifting of fiscal perks to save P300B a year
                    [Summary] => The Department of Finance (DOF) is asking Congress to lift the fiscal incentives of airline companies and 36 other public and private corporations that cost the government at least P300 billion annually.


Finance officials said the government’s complex incentives system has resulted in revenue losses equivalent to 6.97 percent of the country’s gross domestic product (GDP), an amount more than enough to wipe out the entire budget deficit. 


                    [DatePublished] => 2005-11-29 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096655
                    [AuthorName] =>  Des  Ferriols
                    [SectionName] => Business
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)

abtest

Only 60% of projects granted perks materialize within 3 yrs

By Des Ferriols | September 1, 2006 - 12:00am

Only about 60 percent of planned foreign direct investments being qualified for various government incentives actually materialize over a period of three years, officials said yesterday. According to Sen. Manuel...

Business

Combined deficit of government firms projected to hit P47.8B this year

By Des Ferriols | March 6, 2006 - 12:00am

The combined deficit of the country’s non-financial state-owned corporations is expected to reach P47.8 billion this year, with total debts of over P1.4 trillion, the Department of Finance (DOF) reported over...

Business

No more increase in corporate income taxes this year, says DOF

By Des Ferriols | February 1, 2006 - 12:00am

The Department of Finance (DOF) said there will be no more increase in corporate income taxes this year after the government raised the rate from 30 percent to 35 percent in November last year. Finance Secretary...

Business

IMF to RP: Consolidate, rationalize fiscal perks

By Des Ferriols | December 4, 2005 - 12:00am

The International Monetary Fund (IMF) said the Philippine government needs to consolidate and rationalize its fiscal incentives over the medium term but it would be up to the authorities how they intended to do it....

Business

IMF to RP: Consolidate, rationalize fiscal perks

By Des Ferriols | December 4, 2005 - 12:00am

The International Monetary Fund (IMF) said the Philippine government needs to consolidate and rationalize its fiscal incentives over the medium term but it would be up to the authorities how they intended to do it....

Business

DOF seeks lifting of fiscal perks to save P300B a year

By Des Ferriols | November 29, 2005 - 12:00am

The Department of Finance (DOF) is asking Congress to lift the fiscal incentives of airline companies and 36 other public and private corporations that cost the government at least P300 billion annually. Finance...

Business