Strengthening economic recovery amid COVID-19 with fiscal incentives

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Strengthening economic recovery amid COVID-19 with fiscal incentives

Quick Summary

The COVID-19 pandemic that swept across the globe left vulnerable communities facing enormous challenges, among them loss of income and job opportunities.

The Philippines was no exception, with the economy going into a slump amid disruptions to business operations and movement restrictions.

A year after CREATE’s enactment, the reconstituted Fiscal Incentives Review Board (FIRB) approved and granted incentives such as tax breaks for 11 big-ticket projects with a combined cost of US$7.38 billion.

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Article Details

Author / Journalist: Carlos Dominguez

Category: StartupsTechnology

Topics: Philippines Investments Corporates Community

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-06-20, 06:00:45

News Timezone: GMT +8:00

News Source URL:

Language: English

Reading Time: 5 minutes read

Article Length: 754 words

Coverage Area: Singapore

Availability: Desktop Web, Mobile Web

News ID: 1172

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About e27

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Main Topics: StartupsTechnology

Official Website:

Update Frequency: 3 posts per day

Year Established: 2006

Headquarters: Singapore

Last Updated: 13h ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

Languages Covered: English

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Publisher ID: #10

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