Prøve GULL - Gratis
Gov't readies incentives for Samsung's $1-B project
The Philippine Star
|August 14, 2025
The government is looking to finalize within the current quarter the incentives package, including a power subsidy for Samsung Electro-Mechanics Philippines Corp. (SEMPHIL)'s planned $1 billion investment, according to the Philippine Economic Zone Authority (PEZA).
While the government has already ironed out the fiscal incentives, PEZA director general Tereso Panga told reporters that the power subsidy still needs to be approved.
"We're working on the power subsidy," he said, noting that the government has already come up with a mechanism and formula.
He also said the parties have agreed on the power rates and the formula is set to be endorsed to the Fiscal Incentives Review Board (FIRB) this week for approval.
Denne historien er fra August 14, 2025-utgaven av The Philippine Star.
Abonner på Magzter GOLD for å få tilgang til tusenvis av kuraterte premiumhistorier og over 9000 magasiner og aviser.
Allerede abonnent? Logg på
FLERE HISTORIER FRA The Philippine Star
The Philippine Star
MAROONS ESCAPE SETS UP DO-OR-DIE
UP fell. UP fought. UP rose.
1 mins
December 15, 2025
The Philippine Star
Legislate unprogrammed appropriations – SC justice
In order to prevent more budget insertions in future budget deliberations, it would be best if both houses of bicameral Congress \"legislate\" and pass a \"special appropriations law\" specifically for unprogrammed funds.
1 mins
December 15, 2025
The Philippine Star
INSIDE BULACAN'S TRIKE SOUNDS SCENE
We arrived at the Malolos Convention Center at around 6 p.m., the grounds already buzzing with food stalls and night joggers.
4 mins
December 15, 2025
The Philippine Star
Historic shift underway in China's economy
For the past three decades, as China's economy has developed into a global powerhouse, investment has grown reliably each year.
1 mins
December 15, 2025
The Philippine Star
Analysts see another policy rate cut in 2026
As BSP keeps door open for further easing
1 mins
December 15, 2025
The Philippine Star
Bicam raises health aid 'pork' to P51.6 B
Senators and congressmen approved a P51.6-billion allocation for the Department of Health (DOH)’s controversial health care program, which has been criticized as a “discretionary fund” vulnerable to political patronage.
2 mins
December 15, 2025
The Philippine Star
Because of 'pork,' Ping won't sign budget
Senate President Pro Tempore Panfilo Lacson is refusing to sign the ratification of the 2026 budget if the bicameral conference committee pushes through with a large funding increase for controversial aid programs and multibillion-peso allocations for farm-to-market roads.
2 mins
December 15, 2025
The Philippine Star
Green Lancers pull off CESAFI four-peat
The University of the Visayas Green Lancers launched a devastating rally bridging the third and fourth quarters to outlast the University of Cebu Webmasters, 85-77, in the deciding match of their best-of-three finals and complete a four-peat in the Cebu Schools Athletic Foundation, Inc. (CESAFI) Season 25 basketball tournament on Saturday at the Cebu Coliseum.
1 min
December 15, 2025
The Philippine Star
Damayan, The Freeman aid families in Cebu
Operation Damayan, Phil-star Media Group’s social arm, through The Freeman Foundation, carried out a relief operation yesterday to assist families affected by Typhoon Tino in Barangay Lagtang, Talisay City, Cebu.
1 min
December 15, 2025
The Philippine Star
Trump vows revenge after troops killed in Syria attack
Two American troops and a civilian interpreter were killed in central Syria on Saturday after an alleged member of the Islamic State (IS) group opened fire on a joint US-Syrian patrol, officials said.
1 min
December 15, 2025
Listen
Translate
Change font size