Array
(
    [results] => Array
        (
            [0] => Array
                (
                    [ArticleID] => 335883
                    [Title] => BOI readies draft EO for duty-free import of capital goods
                    [Summary] => The Board of Investments (BOI) is set to submit to Malacañang before May 14 a draft Executive Order extending EO 313 which grants duty-free importation of capital equipment to firms registered with the BOI.


The effectivity of EO 313 was for a period of two years from May 2004 to June this year.


The BOI has thus drawn up a new EO that would extend the applicability of EO 313. The main objective is to have the new EO effective immediately upon the lapse of EO 313.


                    [DatePublished] => 2006-05-10 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1805266
                    [AuthorName] => Marianne V. Go
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [1] => Array
                (
                    [ArticleID] => 322405
                    [Title] => Local producers enjoy zero tariff importation of capital equipment
                    [Summary] => The duty rate on capital equipment, spare parts and accessories for domestic manufacturers will finally be reduced to zero from the current one percent following approval in principle by the Cabinet-level Tariff and Related Matters (CTRM) committee.


The revision will be contained in a new executive order that will also extend the effectivity of EO 313 which previously extended tax and duty free incentives to export-oriented manufacturers, but maintained a one percent tariff for domestic manufacturers.


                    [DatePublished] => 2006-02-20 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1805266
                    [AuthorName] => Marianne V. Go
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [2] => Array
                (
                    [ArticleID] => 243121
                    [Title] => Limits urged on duty-free imports of capital eqpm’t
                    [Summary] => The Federation of Philippine Industries (FPI) is urging the Department of Trade and Industry (DTI) to include two conditionalities to the proposed grant of duty-free incentives to capital equipment.


The DTI wants to restore the duty-free importation of capital equipment in the Omnibus Investment Act and has already submitted a proposed bill to Congress.


While the FPI is not against the restoration of the duty-free importation incentive, it is asking the DTI to set two conditionalities.


                    [DatePublished] => 2004-03-19 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1805266
                    [AuthorName] => Marianne V. Go
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [3] => Array
                (
                    [ArticleID] => 202980
                    [Title] => BOI mulls tax perks for IPPs, other sectors
                    [Summary] => The Board of Investments (BOI) is planning to amend its income tax holiday policy to make it more attractive to independent power producers, infrastructure builders, and service providers.


A BOI official said the investment promotion agency is looking into the possibility of extending the period within which BOI registered-firms may enjoy income tax exemptions.  Under the law, BOI registered enterprises are exempt from the payment of income taxes for four years to six years.


                    [DatePublished] => 2003-04-17 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [4] => Array
                (
                    [ArticleID] => 200483
                    [Title] => Government offers added perk for foreign investors
                    [Summary] => The government is willing to offer an additional incentive to foreign investors  in light of the continuing global economic uncertainty.


Board of Investments (BOI) Managing Head Gregory Domingo said the new incentive would give interested foreign investors a six-year window to avail themselves of a 12-year  income tax holiday.


"However, the additional incentive would be extended only to investments deemed by the government as strategic industries," Domingo said.


                    [DatePublished] => 2003-03-27 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1805266
                    [AuthorName] => Marianne V. Go
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [5] => Array
                (
                    [ArticleID] => 130728
                    [Title] => Government warned vs lobby to amend iron & ste
                    [Summary] => A leading steel company has warned the government against a ploy by "vested interests" asking for an amendment of an executive order (EO) which was allegedly discriminatory in favor of one company.


Rolando Jaurigue, senior vice president of Philsteel Holdings, maintained that the questioned executive order issued by former President Joseph Estrada has for its legal basis Republic Act (RA) 7103, also known as the Iron and Steel Industry Act, adding there were actually three EOs issued by the previous administration.


                    [DatePublished] => 2001-08-20 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [6] => Array
                (
                    [ArticleID] => 130452
                    [Title] => House bill seeks to extend income tax  holiday to 12 years
                    [Summary] => Congressman Joey Salceda of Albay has filed a bill in the House of Representatives proposing the extension of the  maximum period for the income tax holiday offered especially to desirable investors from the current eight years to 12 years.


 Salceda said there is a need to align the  country’s income tax holidays with that of its neighboring countries. 


                    [DatePublished] => 2001-08-17 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1805266
                    [AuthorName] => Marianne V. Go
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [7] => Array
                (
                    [ArticleID] => 128532
                    [Title] => Steelcorp clarifies tariff incentive
                    [Summary] => Steel Corp. of the Philippines (Steelcorp) clarified yesterday that the tariff incentive which it got from the government is provided under Republic Act 7103 also known as the Iron & Steel Industry Act.


The clarification was issued by Steelcorp in response to a recent press statement of the Filipino Galvanizers Institute (FGI) which threatened to sue the National Economic Development Authority (NEDA) and the Tariff and Related Matters (TRM) Committee for granting zero tariff duty for the importation of hot rolled steel coils.


                    [DatePublished] => 2001-07-31 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [8] => Array
                (
                    [ArticleID] => 96615
                    [Title] => Garment firms ask BOI  to relax export rules
                    [Summary] => Local garment exporters are asking some relief from the export requirements of the Board of Investments (BOI).


In a proposal sent to the BOI, local garments exporters are asking that the requirement be temporarily relaxed while they are recovering from the effects of the economic downturn.


Based on the BOI’s registration policy, Filipino garment manufacturers must export at least 50 percent of their production, while foreign garment manufacturers must export at least 70 percent of their production.


                    [DatePublished] => 2001-04-02 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1805266
                    [AuthorName] => Marianne V. Go
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [9] => Array
                (
                    [ArticleID] => 100555
                    [Title] => NTC denies issuing order for Infocom to halt service
                    [Summary] => 

Officials of the National Telecommunications Commission (NTC) said yesterday
the regulatory body did not issue an order stopping trunk radio operator
Infocom Communications Network Inc. from providing cellular telephone
service.

Infocom has never provided cellular phone service so there is no need to order
it from doing so, the NTC officials said.

The clarification came in the wake of reports that the Pittsburgh-based Nextel
Communications Inc.
                    [DatePublished] => 2000-04-18 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

        )

)

OMNIBUS INVESTMENT ACT

Array
(
    [results] => Array
        (
            [0] => Array
                (
                    [ArticleID] => 335883
                    [Title] => BOI readies draft EO for duty-free import of capital goods
                    [Summary] => The Board of Investments (BOI) is set to submit to Malacañang before May 14 a draft Executive Order extending EO 313 which grants duty-free importation of capital equipment to firms registered with the BOI.


The effectivity of EO 313 was for a period of two years from May 2004 to June this year.


The BOI has thus drawn up a new EO that would extend the applicability of EO 313. The main objective is to have the new EO effective immediately upon the lapse of EO 313.


                    [DatePublished] => 2006-05-10 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1805266
                    [AuthorName] => Marianne V. Go
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [1] => Array
                (
                    [ArticleID] => 322405
                    [Title] => Local producers enjoy zero tariff importation of capital equipment
                    [Summary] => The duty rate on capital equipment, spare parts and accessories for domestic manufacturers will finally be reduced to zero from the current one percent following approval in principle by the Cabinet-level Tariff and Related Matters (CTRM) committee.


The revision will be contained in a new executive order that will also extend the effectivity of EO 313 which previously extended tax and duty free incentives to export-oriented manufacturers, but maintained a one percent tariff for domestic manufacturers.


                    [DatePublished] => 2006-02-20 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1805266
                    [AuthorName] => Marianne V. Go
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [2] => Array
                (
                    [ArticleID] => 243121
                    [Title] => Limits urged on duty-free imports of capital eqpm’t
                    [Summary] => The Federation of Philippine Industries (FPI) is urging the Department of Trade and Industry (DTI) to include two conditionalities to the proposed grant of duty-free incentives to capital equipment.


The DTI wants to restore the duty-free importation of capital equipment in the Omnibus Investment Act and has already submitted a proposed bill to Congress.


While the FPI is not against the restoration of the duty-free importation incentive, it is asking the DTI to set two conditionalities.


                    [DatePublished] => 2004-03-19 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1805266
                    [AuthorName] => Marianne V. Go
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [3] => Array
                (
                    [ArticleID] => 202980
                    [Title] => BOI mulls tax perks for IPPs, other sectors
                    [Summary] => The Board of Investments (BOI) is planning to amend its income tax holiday policy to make it more attractive to independent power producers, infrastructure builders, and service providers.


A BOI official said the investment promotion agency is looking into the possibility of extending the period within which BOI registered-firms may enjoy income tax exemptions.  Under the law, BOI registered enterprises are exempt from the payment of income taxes for four years to six years.


                    [DatePublished] => 2003-04-17 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [4] => Array
                (
                    [ArticleID] => 200483
                    [Title] => Government offers added perk for foreign investors
                    [Summary] => The government is willing to offer an additional incentive to foreign investors  in light of the continuing global economic uncertainty.


Board of Investments (BOI) Managing Head Gregory Domingo said the new incentive would give interested foreign investors a six-year window to avail themselves of a 12-year  income tax holiday.


"However, the additional incentive would be extended only to investments deemed by the government as strategic industries," Domingo said.


                    [DatePublished] => 2003-03-27 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1805266
                    [AuthorName] => Marianne V. Go
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [5] => Array
                (
                    [ArticleID] => 130728
                    [Title] => Government warned vs lobby to amend iron & ste
                    [Summary] => A leading steel company has warned the government against a ploy by "vested interests" asking for an amendment of an executive order (EO) which was allegedly discriminatory in favor of one company.


Rolando Jaurigue, senior vice president of Philsteel Holdings, maintained that the questioned executive order issued by former President Joseph Estrada has for its legal basis Republic Act (RA) 7103, also known as the Iron and Steel Industry Act, adding there were actually three EOs issued by the previous administration.


                    [DatePublished] => 2001-08-20 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [6] => Array
                (
                    [ArticleID] => 130452
                    [Title] => House bill seeks to extend income tax  holiday to 12 years
                    [Summary] => Congressman Joey Salceda of Albay has filed a bill in the House of Representatives proposing the extension of the  maximum period for the income tax holiday offered especially to desirable investors from the current eight years to 12 years.


 Salceda said there is a need to align the  country’s income tax holidays with that of its neighboring countries. 


                    [DatePublished] => 2001-08-17 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1805266
                    [AuthorName] => Marianne V. Go
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [7] => Array
                (
                    [ArticleID] => 128532
                    [Title] => Steelcorp clarifies tariff incentive
                    [Summary] => Steel Corp. of the Philippines (Steelcorp) clarified yesterday that the tariff incentive which it got from the government is provided under Republic Act 7103 also known as the Iron & Steel Industry Act.


The clarification was issued by Steelcorp in response to a recent press statement of the Filipino Galvanizers Institute (FGI) which threatened to sue the National Economic Development Authority (NEDA) and the Tariff and Related Matters (TRM) Committee for granting zero tariff duty for the importation of hot rolled steel coils.


                    [DatePublished] => 2001-07-31 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [8] => Array
                (
                    [ArticleID] => 96615
                    [Title] => Garment firms ask BOI  to relax export rules
                    [Summary] => Local garment exporters are asking some relief from the export requirements of the Board of Investments (BOI).


In a proposal sent to the BOI, local garments exporters are asking that the requirement be temporarily relaxed while they are recovering from the effects of the economic downturn.


Based on the BOI’s registration policy, Filipino garment manufacturers must export at least 50 percent of their production, while foreign garment manufacturers must export at least 70 percent of their production.


                    [DatePublished] => 2001-04-02 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1805266
                    [AuthorName] => Marianne V. Go
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [9] => Array
                (
                    [ArticleID] => 100555
                    [Title] => NTC denies issuing order for Infocom to halt service
                    [Summary] => 

Officials of the National Telecommunications Commission (NTC) said yesterday
the regulatory body did not issue an order stopping trunk radio operator
Infocom Communications Network Inc. from providing cellular telephone
service.

Infocom has never provided cellular phone service so there is no need to order
it from doing so, the NTC officials said.

The clarification came in the wake of reports that the Pittsburgh-based Nextel
Communications Inc.
                    [DatePublished] => 2000-04-18 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

        )

)

abtest