Japan’s TDK hard drive equipment project worth P2.5B approved by FIRB

THE Fiscal Incentives Review Board (FIRB) on Tuesday approved the tax incentives application of TDK Philippines Corp. for a P2.5-billion manufacturing project, the Department of Finance (DoF) said. TDK proposes to make microwave-assisted magnetic recording sliders, industrial equipment used in hard drive manufacturing. The approval of the application for fiscal incentives “is a boost to […]

Philippines eyeing ‘green investments’ despite tight fiscal space, Diokno says

THE government can pursue green investments despite the limited fiscal space, Finance Secretary Benjamin E. Diokno told an Asian Development Bank (ADB) conference, adding that such investments were factored in when the Philippines started drafting its medium-term goals. “All these programs are embedded in our medium-term development plan that we are designing at the moment,” […]

Outsourcing firms may continue WFH scheme if they register with BoI

BUSINESS PROCESS OUTSOURCING firms can continue work-from-home (WFH) arrangements and receive fiscal incentives if their registration is transferred to the Board of Investments (BoI), Finance Secretary Benjamin E. Diokno said on Thursday. “The FIRB (Fiscal Incentives Review Board) met (on Wednesday) and we decided there will be a smooth transfer of benefits from the PEZA […]

Moody’s affirms PHL credit rating   

MOODY’S INVESTORS SERVICE on Thursday kept the Philippines’ “Baa2” credit rating with a “stable” outlook, as economic recovery is unlikely to be hampered by “challenging global credit conditions.” In a statement on Thursday, the credit rater affirmed the country’s long-term local and foreign currency issuer and senior unsecured ratings at “Baa2.”    “The rating action […]

Year-End Review: DENSO Advances its Two Great Causes, Green and Peace of Mind

KARIYA, JAPAN, Apr 29, 2022 – (JCN Newswire via SEAPRWire.com) – DENSO, a leading mobility supplier, today announced its global year-end financial results for its fiscal year ending March 31, 2022. DENSO’s product and technology developments, partnerships, and other actions and achievements continue to be guided by its Two Great Causes: Green – achieving carbon […]

DENSO Releases Financials for First Half of Fiscal Year, Shares Long-Term Policy 2030 Progress

KARIYA, JAPAN, Oct 29, 2021 – (JCN Newswire via SEAPRWire.com) – DENSO, a leading mobility supplier, today released its financial results for the first half of its fiscal year, ending September 30, 2021, for its 2022 fiscal year, ending March 31, 2022. The company also shared updates it has made in advancing its Long-Term Policy […]

Regina Miracle 2H Orders Exceed Pre-Pandemic Levels, Drives Full-Year Revenue and Adjusted Net Profit in Fiscal 2021 to Approximately HK$5.97 Billion and HK$175.3 Million Respectively

HONG KONG, Jun 30, 2021 – (ACN Newswire via SEAPRWire.com) – Regina Miracle International (Holdings) Limited (“Regina Miracle” or the “Company”, together with its subsidiaries, collectively the “Group”) (HKEX: 2199), a leading global intimate wear company boasting an Innovative Design Manufacturer (“IDM”) business model, has announced its annual results for the year ended 31 March […]

Gov’t Q1 tax effort improves

The share of tax collections in the country’s economic output rose to a record first quarterl level of 14.41% in January to March, according to the Department of Finance (DoF), a sign of improved economic activity amid a coronavirus pandemic.  State tax revenue went up by 0.44 percentage point during the quarter from a year […]