Trending News: Basic Infrastructure In Sabah, Sarawak Among Focus Areas In Budget 2025Purchasing, Leasing ATM Assets Based On Mindef’s Financial Priorities – AdlyMINDEF, KDN Get RM40.7 Bln To Enhance National Security – PM AnwarStopgap Solution To Traffic Woes In Tapah Will Cost RM2.5 Mln – Ahmad MaslanGovt To Introduce Carbon Tax On Iron, Steel And Energy Industries By 2026Govt To Implement Self-Assessment Stamp Duty System In Phases Starting 2026 – MoFBudget 2025: Corporate Sector Urged To Provide University ScholarshipsMACC Allocation Raised To RM360 Mln – PM AnwarGovt Allocates RM200 Mln To Support Strategic Investments In Budget 2025RM30 Million Bridge To Replace Collapsed Bridge In Kampung Slim – AhmadAnwar Announces Substantial Budget 2025, Catalysing Economy, Hastening ReformsKKM Has Already Issued RM24.5 Million In Fines For Smoking Offences This Year – DzulkeflyBudget 2025 Should Serve As Cornerstone For Sustainable Development In Sabah – FahmiMinimum Wage Of RM1,700 Also Applies To Foreign WorkersCommunications Ministry Agencies Urged To Organise More Healthy Lifestyle ProgrammesBudget 2025: MOH To Strengthen Health Services For People’s Well-beingPolitical Stability Must Align With Good Governance To Boost Economy – PM AnwarJosue The Hero As KL City Fight Back For Win Over KelantanDefending Champion Selangor Beat Pahang To Lift Agong CupDenmark Open: Aaron-Wooi Yik Bite The DustBudget 2025: MCA Expressed Gratitude, Eyes Growth Of Cricket In MalaysiaPearly-Thinaah Bow Out In Denmark Open QuarterfinalsTien Ci-Chiew Sien Lose In Malaysia Super 100 Semi-finalsRM15 Million Allocation To FAM Not For Salary Payment – HannahYoung Tigers Suffer 2-3 Loss To New Zealand In SOJC OpenerLPA unlikely to develop into cycloneRed Lions, Cardinals triumph in NCAA basketballEconomist sees PH economic growth settling at 6%-6.5% in Q3P2.5-M tourism projects up for Buglasan booth contestDOE intensifies bilateral deals as PH falls behind RE goalsBacolod City seen as PH’s pastry capitalMalcontento resigns as prosecutor-generalIndependent panel to probe drug war killings soughtLeyte remembers heroism of 3 Boy Scouts on Signal DayLady Blazers advance to SSL volleyball 2nd roundBPI, FMC Research partner to ensure food safety of agri imports3 ex-NPA rebels in Eastern Samar receive gov’t cash aidWandering tarsier released back into the wild in Agusan Norte townBSP reduces bills volume offeringComelec completes party-list ballot listing via raffleTaiwanese researchers develop world’s ‘smallest’ quantum computerSenate Blue Ribbon likely to handle drug war probeJaraula edges Que by 1 in ICTSI Bacolod Golf ChallengeDOH: P27.9-B health resiliency project to start next yearFirst Lady inaugurates 100-bed hospital in Pangasinan townPhilRice allots 33.5K bags of rice seeds for AntiqueTIEZA assures PHP180-M for Paoay Lake, sand dunes dev’tMpox deaths surge past 1K as cases spread to 18 African countriesDanish firm’s offshore wind project secures pre-dev’t ECCPBBM: Gov’t puts in more efforts to promote PH designers globallyARAL law to help learners regain momentum, raise quality of educationLeptospirosis cases up by 16% from Jan. 1 to Oct.54Ps model family espouses education as key out of povertyDSWD’s cash-for-work benefits 246K in 1st half of 2024State universities, colleges use research to help fight povertyPortugal’s Ronaldo highest-paid footballer in ’24 – Forbes18 political aspirants withdraw candidacy in BicolGalvez says loose arms control vital to peaceful BARMM pollsRound-the-clock ops yield P15.76-M shabu in W. VisayasPBBM names Dante Ang II as new CFO chairDFA voices concern for UN peacekeepers amid Israeli strikes in LebanonShared responsibilities ‘essential’ in disaster risk governance: DENRPBBM hails Escudero’s role in ‘political reconciliation’ with RobredoPBBM inks ARAL law to address learning gapsWeekend road repairs set in 5 NCR citiesVillage chair arrested in Sultan Kudarat for illegal gun possessionDA’s P15-M drone projects to boost agri production in BicolDSWD ‘Walang Gutom’ program fights hunger with expanded coverageAlbay guv confirms suspension order from OmbudsmanUN confab highlights need for larger disaster resilience fundingDavao cops seize PHP1-M illegal drugs in 2-day opsDA: Refine protocols to expedite ASF vaccinationFun Run Bernama Radio and MITI Held To Vitalise National Sports Day, Promote Healthy LifestyleMIC Urges Gov’t To Declare Additional Holiday For DeepavaliBernama Hands Over Contributions To Family Of Late Ahmad Hafiz AzharPPM To Undergo Rebranding Process To Remain Dynamic And RelevantMAHB Records 36.1 Mln Passenger Movements In 3Q, Nearing Pre-Pandemic LevelPM Anwar Extends Aid to Family Of UiTM Dungun Crash VictimMBI Probe: MACC Seizes Another RM600,000 In CashThunderstorms, Heavy Rain To Hit Perak, East Coast, Sabah Until 1 Am – MetMalaysiaMother, Daugther Suffer Second-Degree Burns In House FireStrong China-Malaysia Ties Key Factor In Driving Investments: AnalystsTwo Suspects Arrested Over Death Of Young BoyJohor ABIM Welcomes Weekend ShiftCodenames Reported By News Portal Not Involved In Counter-setting Activities – MACCDaim Admitted To Hospital, Prosecution Raises Concern Over Absence And Medical CertificateMelaka Firefighters On Standby For Northeast MonsoonTun M’s Health Improving, Still Requires Monitoring – AideThree Fishermen Missing In Kemaman Found SafeTarget Of Enrolling 250,000 Intl Students Involves Not Only IPTA But IPTS Too, Says ZambryLive Births In Malaysia Up 7.7 Pct In 2023IJN Welcomes MOH’s Invitation For Dialogue On Fee Structure For MOH PatientsM’sia Should Strengthen Halal Medical Device Certification For Global Recognition – PERANTIM11-year-old Girl With Disability Found DrownedMPPN Approves Development Of Social And Physical Spaces In KRT NeighbourhoodsCPO Futures End Lower Amid Weaker Soybean FuturesOver 90 Pct Of Self-employed Kelantanese Do Not Contribute To SKSPSPolice Detain Three Sierra Leone Nationals Involved In Selling Counterfeit US Dollar NotesOp Global: Parents Need To Show Proof Of Blood Ties To Claim Children – NancyFive Nabbed For Stealing And Selling Personal Data Of Malaysians
Sun. Oct 20th, 2024
Trending News: Basic Infrastructure In Sabah, Sarawak Among Focus Areas In Budget 2025Purchasing, Leasing ATM Assets Based On Mindef’s Financial Priorities – AdlyMINDEF, KDN Get RM40.7 Bln To Enhance National Security – PM AnwarStopgap Solution To Traffic Woes In Tapah Will Cost RM2.5 Mln – Ahmad MaslanGovt To Introduce Carbon Tax On Iron, Steel And Energy Industries By 2026Govt To Implement Self-Assessment Stamp Duty System In Phases Starting 2026 – MoFBudget 2025: Corporate Sector Urged To Provide University ScholarshipsMACC Allocation Raised To RM360 Mln – PM AnwarGovt Allocates RM200 Mln To Support Strategic Investments In Budget 2025RM30 Million Bridge To Replace Collapsed Bridge In Kampung Slim – AhmadAnwar Announces Substantial Budget 2025, Catalysing Economy, Hastening ReformsKKM Has Already Issued RM24.5 Million In Fines For Smoking Offences This Year – DzulkeflyBudget 2025 Should Serve As Cornerstone For Sustainable Development In Sabah – FahmiMinimum Wage Of RM1,700 Also Applies To Foreign WorkersCommunications Ministry Agencies Urged To Organise More Healthy Lifestyle ProgrammesBudget 2025: MOH To Strengthen Health Services For People’s Well-beingPolitical Stability Must Align With Good Governance To Boost Economy – PM AnwarJosue The Hero As KL City Fight Back For Win Over KelantanDefending Champion Selangor Beat Pahang To Lift Agong CupDenmark Open: Aaron-Wooi Yik Bite The DustBudget 2025: MCA Expressed Gratitude, Eyes Growth Of Cricket In MalaysiaPearly-Thinaah Bow Out In Denmark Open QuarterfinalsTien Ci-Chiew Sien Lose In Malaysia Super 100 Semi-finalsRM15 Million Allocation To FAM Not For Salary Payment – HannahYoung Tigers Suffer 2-3 Loss To New Zealand In SOJC OpenerLPA unlikely to develop into cycloneRed Lions, Cardinals triumph in NCAA basketballEconomist sees PH economic growth settling at 6%-6.5% in Q3P2.5-M tourism projects up for Buglasan booth contestDOE intensifies bilateral deals as PH falls behind RE goalsBacolod City seen as PH’s pastry capitalMalcontento resigns as prosecutor-generalIndependent panel to probe drug war killings soughtLeyte remembers heroism of 3 Boy Scouts on Signal DayLady Blazers advance to SSL volleyball 2nd roundBPI, FMC Research partner to ensure food safety of agri imports3 ex-NPA rebels in Eastern Samar receive gov’t cash aidWandering tarsier released back into the wild in Agusan Norte townBSP reduces bills volume offeringComelec completes party-list ballot listing via raffleTaiwanese researchers develop world’s ‘smallest’ quantum computerSenate Blue Ribbon likely to handle drug war probeJaraula edges Que by 1 in ICTSI Bacolod Golf ChallengeDOH: P27.9-B health resiliency project to start next yearFirst Lady inaugurates 100-bed hospital in Pangasinan townPhilRice allots 33.5K bags of rice seeds for AntiqueTIEZA assures PHP180-M for Paoay Lake, sand dunes dev’tMpox deaths surge past 1K as cases spread to 18 African countriesDanish firm’s offshore wind project secures pre-dev’t ECCPBBM: Gov’t puts in more efforts to promote PH designers globallyARAL law to help learners regain momentum, raise quality of educationLeptospirosis cases up by 16% from Jan. 1 to Oct.54Ps model family espouses education as key out of povertyDSWD’s cash-for-work benefits 246K in 1st half of 2024State universities, colleges use research to help fight povertyPortugal’s Ronaldo highest-paid footballer in ’24 – Forbes18 political aspirants withdraw candidacy in BicolGalvez says loose arms control vital to peaceful BARMM pollsRound-the-clock ops yield P15.76-M shabu in W. VisayasPBBM names Dante Ang II as new CFO chairDFA voices concern for UN peacekeepers amid Israeli strikes in LebanonShared responsibilities ‘essential’ in disaster risk governance: DENRPBBM hails Escudero’s role in ‘political reconciliation’ with RobredoPBBM inks ARAL law to address learning gapsWeekend road repairs set in 5 NCR citiesVillage chair arrested in Sultan Kudarat for illegal gun possessionDA’s P15-M drone projects to boost agri production in BicolDSWD ‘Walang Gutom’ program fights hunger with expanded coverageAlbay guv confirms suspension order from OmbudsmanUN confab highlights need for larger disaster resilience fundingDavao cops seize PHP1-M illegal drugs in 2-day opsDA: Refine protocols to expedite ASF vaccinationFun Run Bernama Radio and MITI Held To Vitalise National Sports Day, Promote Healthy LifestyleMIC Urges Gov’t To Declare Additional Holiday For DeepavaliBernama Hands Over Contributions To Family Of Late Ahmad Hafiz AzharPPM To Undergo Rebranding Process To Remain Dynamic And RelevantMAHB Records 36.1 Mln Passenger Movements In 3Q, Nearing Pre-Pandemic LevelPM Anwar Extends Aid to Family Of UiTM Dungun Crash VictimMBI Probe: MACC Seizes Another RM600,000 In CashThunderstorms, Heavy Rain To Hit Perak, East Coast, Sabah Until 1 Am – MetMalaysiaMother, Daugther Suffer Second-Degree Burns In House FireStrong China-Malaysia Ties Key Factor In Driving Investments: AnalystsTwo Suspects Arrested Over Death Of Young BoyJohor ABIM Welcomes Weekend ShiftCodenames Reported By News Portal Not Involved In Counter-setting Activities – MACCDaim Admitted To Hospital, Prosecution Raises Concern Over Absence And Medical CertificateMelaka Firefighters On Standby For Northeast MonsoonTun M’s Health Improving, Still Requires Monitoring – AideThree Fishermen Missing In Kemaman Found SafeTarget Of Enrolling 250,000 Intl Students Involves Not Only IPTA But IPTS Too, Says ZambryLive Births In Malaysia Up 7.7 Pct In 2023IJN Welcomes MOH’s Invitation For Dialogue On Fee Structure For MOH PatientsM’sia Should Strengthen Halal Medical Device Certification For Global Recognition – PERANTIM11-year-old Girl With Disability Found DrownedMPPN Approves Development Of Social And Physical Spaces In KRT NeighbourhoodsCPO Futures End Lower Amid Weaker Soybean FuturesOver 90 Pct Of Self-employed Kelantanese Do Not Contribute To SKSPSPolice Detain Three Sierra Leone Nationals Involved In Selling Counterfeit US Dollar NotesOp Global: Parents Need To Show Proof Of Blood Ties To Claim Children – NancyFive Nabbed For Stealing And Selling Personal Data Of Malaysians
Sun. Oct 20th, 2024

CREATE law attracts P1.2-T investments


MANILA: More than 1,200 projects with total investments of over PHP1.2 trillion have so far been approved under the Corporate Recovery and Tax Incentives for Enterprises (CREATE) Act as of end-June this year.

In a recent Facebook post, the Department of Finance (DOF) said approved projects under the CREATE Act since April 2021 to June this year has reached 1,239, with a total committed investment capital of PHP1.27 trillion.

These projects are expected to generate 159,486 new jobs.

Broken down, the Cabinet-level Fiscal Incentives Review Board (FIRB) has approved 57 applications with investment capital amounting to PHP953.06 billion.

These FIRB-approved projects are expected to generate 39,854 jobs.

The Investment Promotion Agencies, meanwhile, have approved a total of 1,182 applications worth PHP313.32 billion.

These are anticipated to create additional 119,632 new jobs.

CREATE establishes a performance-based, time-bound, targeted, and transparent tax incentives regime in the country.

Incentivized pro
jects or activities under the key structural tax reform aim to achieve performance metrics to ensure that the grant of fiscal support to registered business enterprises leads to higher economic returns.

Source: Philippines News agency

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