Wednesday, March 22, 2023
manilastandard.net
ADVERTISEMENT
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Others
    • Pets
    • Pop.Life
      • Newsmakers
      • Hangouts
      • A-Pop
      • Post Its
      • Performances
      • Malls & Bazaars
      • Hobbies & Collections
    • Technology
      • Gadgets
      • Computers
      • Business
      • Tech Plus
    • MS ON THE ROAD
      • Sedan
      • SUV
      • Truck
      • Bike
      • Accessories
      • Motoring Plus
      • Commuter’s Corner
    • Home & Design
      • Residential
      • Commercial
      • Construction
      • Interior
    • Spotlight
    • Gallery
      • Photos
      • Videos
    • Events
      • Seminars
      • Exhibits
      • Community
    • Biyahero
      • Travel Features
      • Travel Reels
      • Travel Logs
  • Advertise with Us
No Result
View All Result
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Others
    • Pets
    • Pop.Life
      • Newsmakers
      • Hangouts
      • A-Pop
      • Post Its
      • Performances
      • Malls & Bazaars
      • Hobbies & Collections
    • Technology
      • Gadgets
      • Computers
      • Business
      • Tech Plus
    • MS ON THE ROAD
      • Sedan
      • SUV
      • Truck
      • Bike
      • Accessories
      • Motoring Plus
      • Commuter’s Corner
    • Home & Design
      • Residential
      • Commercial
      • Construction
      • Interior
    • Spotlight
    • Gallery
      • Photos
      • Videos
    • Events
      • Seminars
      • Exhibits
      • Community
    • Biyahero
      • Travel Features
      • Travel Reels
      • Travel Logs
  • Advertise with Us
No Result
View All Result
manilastandard.net
No Result
View All Result
Home News National

Salceda eyes ‘big whale’ investors in PH

Maricel CruzbyMaricel Cruz
April 21, 2022, 11:00 pm
in National, News
Reading Time: 2 mins read
A A
Share on FacebookShare on TwitterShare on Email

Albay Rep. Joey Sarte Salceda of Albay, Committee on Ways and Means chair, said he is promoting the Philippines as an investment destination for “big whale” investments under the country’s main tax incentives law, the Corporate Recovery and Tax Incentives for Enterprises (CREATE) Act.

Salceda made the statement in the wake of his meeting Japanese Embassy officials Minister for Economic Affairs Masahito Nakata and Finance Attaché Kotaro Yamaguchi.

“I am seeking major Japanese investments into the Philippines, particularly those above US$1 billion. I’m shooting for big whales, those that will qualify for the 40-year tax incentives under CREATE. Frankly, when it comes to investors in the Philippines, no one else comes close to Japan. Maricel V. Cruz

If anybody will qualify, it’s going to be a Japanese investor,” Salceda said, referring to official FDI data which shows Japan as the country’s top source of equity investments.

“The meeting was productive, and I provided the Japanese officials with insights into the possible composition of our priority list of investments, as well as the ‘green flags’ we’re looking for in FDI investors.”

ADVERTISEMENT

Under the CREATE Law, the President has the power to grant tax incentives of up to 40 years for high-value, high-tech investments of at least P50 billion.

“I am working with the Department of Trade and Industry to craft guidelines for that particular section of the tax code,” said the CREATE Law’s principal author and sponsor.

“We also talked about the prospects of the Philippine economy, as well as how Japan seeks to help,” Salceda said of the meeting with Japanese officials.

“In particular, they remain interested in financing our infrastructure development, but they are also looking into other areas. I emphasized our need for Japanese know-how, technology, and researchers,” Salceda added.

Visa-free entry into Japan sought

Salceda also said he brought up the topic of tourist visas for Filipinos bound for Japan.

“I asked Japan to waive visas for Filipino tourists, with the view towards more relaxed restrictions on Filipino workers. I think they’ll do some form of it, after that meeting.”

“We need them and they need us. It’s a perfect economic, geostrategic, and demographic relationship because our interests almost completely align,” Salceda added.

Tags: “big whale” investmentsCorporate Recovery and Tax Incentives for Enterprises ActCREATERep. Joey Sarte Salceda
ADVERTISEMENT
Maricel Cruz

Maricel Cruz

Related Posts

One-strike policy for ‘ninja cops’ a must—Speaker

byMaricel Cruz
March 22, 2023, 12:55 am
0
8
PNP vows deep probe into acts of ‘party girl’

Speaker Martin G. Romualdez on Tuesday urged the Philippine National Police (PNP) to strictly enforce a one-strike policy against “ninja...

Read more

PBBM: Study LGU devolution further

byVince Lopez
March 22, 2023, 12:50 am
0
8
UP nears 2nd straight UAAP hoops crown

President Ferdinand Marcos Jr. ordered government agencies to study Executive Order No. 138 for possible amendments and to determine what...

Read more

Bill lets married women keep own surnames

byMaricel Cruz
March 22, 2023, 12:40 am
0
8
Southwoods nails Seniors’ Fil golf crown

The House of Representatives on Tuesday approved on final reading a bill that will allow married women to retain their...

Read more

Seized sugar to be sold at Kadiwa

byManila Standard
March 22, 2023, 12:35 am
0
8
For Simbang Gabi, Palace opens grounds to public

President Ferdinand Marcos Jr. has approved the sale of seized smuggled sugar at P70 per kilo at Kadiwa centers, the...

Read more

PBBM, VP Sara vow more houses

byVince Lopez
March 22, 2023, 12:30 am
0
8
Viewers’ SONA 2022 coverage top choice

President Ferdinand Marcos Jr. vowed Tuesday to give the police and the military decent shelter, as Vice President Sara Duterte-Carpio...

Read more

PAGASA heralds end of ‘amihan’, dry season start

byRio N. Araja
March 22, 2023, 12:25 am
0
8
PAGASA heralds end of ‘amihan’, dry season start

SUMMER’S HERE. A couple enjoys the sunset on a beach facing the West Philippine Sea in Morong, Bataan. PAGASA on...

Read more

Print Edition

View More

Recent Posts

  • One-strike policy for ‘ninja cops’ a must—Speaker
  • PBBM: Study LGU devolution further
  • Bill lets married women keep own surnames
  • Seized sugar to be sold at Kadiwa
  • PBBM, VP Sara vow more houses
  • PAGASA heralds end of ‘amihan’, dry season start
  • House measure pausing PhilHealth fee hike OKd
  • The wheels of justice on Degamo’s slay

Advertisement

Latest News

PAGASA heralds end of ‘amihan’, dry season start

byRio N. Araja
March 22, 2023, 12:25 am
0
8
PAGASA heralds end of ‘amihan’, dry season start

SUMMER’S HERE. A couple enjoys the sunset on a beach facing the West Philippine Sea in Morong, Bataan. PAGASA on...

Read more

House measure pausing PhilHealth fee hike OKd

byMaricel Cruz
March 22, 2023, 12:20 am
0
8
Journalist, former UP CMC dean Luis Teodoro passes away at 81

Voting 273-3-0, the House of Representatives on Tuesday approved on third and final reading a bill giving the President the...

Read more

The wheels of justice on Degamo’s slay

byManila Standard
March 22, 2023, 12:15 am
0
8
The wheels of justice on Degamo’s slay

Looks like the wheels of justice are grinding well on schedule in the March 4 killing of Negros Oriental Governor...

Read more

Upholding the rule of law

byErnesto M. Hilario
March 22, 2023, 12:10 am
0
8
Denying Villafuerte justice

"Prosecuting the mastermind(s) and the actual perpetrators in the brazen assassination of Governor Degamo will send strong message that the...

Read more

Commitment to the legal system

byAmbassador Albert Del Rosario
March 22, 2023, 12:05 am
0
8
RSA: Mr. Malasakit, the environmentalist

"At this somewhat late stage in our life, we shall remain steadfast in our commitment to the Rule of Law...

Read more

Advertisement

ADVERTISEMENT
Facebook Twitter Instagram Youtube

ABOUT US

Manila Standard

Manila Standard website (manilastandard.net), launched in August 2002, extends the newspaper’s reach beyond its traditional readers and makes its brand of Philippine news and opinion available to a much wider and geographically diverse readership here and overseas.

Digital Edition

In tone and content, the online edition mirrors the editorial thrust of the newspaper. While hewing to the traditional precepts of fairness and objectivity, MS believes the news of the day need not be staid, overly long or dry. Stories are succinct, readable and written in a lively style that has become a hallmark of the newspaper.

Download – Today’s Paper

Search

No Result
View All Result

6th Floor Universal Re Bldg., 106 Paseo De Roxas cor. Perea Street, Legaspi Village, 1226 Makati City Philippines

Trunklines: 832-5554, 832-5556, 832-5558

© 2021 Manila Standard - Designed and Developed by Neitiviti Studios.

No Result
View All Result
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Pop.Life
    • Newsmakers
    • Hangouts
    • A-Pop
    • Post Its
    • Performances
    • Malls & Bazaars
    • Hobbies & Collections
  • Technology
    • Gadgets
    • Computers
    • Business
    • Tech Plus
  • MS ON THE ROAD
    • Sedan
    • SUV
    • Truck
    • Bike
    • Accessories
    • Motoring Plus
    • Commuter’s Corner
  • Home & Design
    • Residential
    • Commercial
    • Construction
    • Interior
  • Spotlight
  • Gallery
    • Photos
    • Videos
  • Events
    • Seminars
    • Exhibits
    • Community
  • Biyahero
    • Travel Features
    • Travel Reels
    • Travel Logs
  • Pets
  • Advertise with Us

© 2021 Manila Standard - Designed and Developed by Neitiviti Studios.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Install Manila Standard Web App

Install App