Under the leadership of President Ferdinand Marcos Jr., the Fiscal Incentives Review Board (FIRB), led by Finance Secretary Benjamin Diokno, has greenlit 25 projects with a combined investment capital of P287.9 billion.
“Since the beginning of the PBBM administration to today, the FIRB has approved 25 projects worth a total investment capital of P287.9 billion,” said the Finance secretary.
The FIRB, acting as the official inter-agency body for conferring tax incentives to approved businesses, has been active since the start of the PBBM administration.
During a recent press conference, Finance Secretary Benjamin Diokno emphasized the positive impact of these approved projects on job creation.
It is anticipated that approximately 24,617 job opportunities will be generated across various sectors as a result of these projects.
“These projects are expected to generate around 24,617 jobs in telecommunications, data centers, manufacturing, infrastructure, tourism, hospitals, mass housing, energy, and ITBPM [information technology and business process management],” he added.
Diokno elaborated on the projects' significant contributions, mentioning noteworthy endeavors such as nationwide energy initiatives by Enovate Motors Corporation (P16 billion) and Century Summit Carrier (P15.8 billion).
Additionally, data center projects by Evolution Data Centres Philippines (P9.7 billion) and Digital Edge Philippines (P5.4 billion) were highlighted.
Furthermore, telecommunications infrastructure projects by Unity Digital Infrastructure (P147 billion) and LBS Digital Infrastructure Corporation (P36 billion) were mentioned as major contributors to the approved ventures.
