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.
&ldquo;Since the beginning of the PBBM administration to today, the FIRB has approved 25 projects worth a total investment capital of P287.9 billion,&rdquo; said the Finance secretary.
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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.&nbsp;
It is anticipated that approximately 24,617 job opportunities will be generated across various sectors as a result of these projects.
&ldquo;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],&rdquo; 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).&nbsp;
Additionally, data center projects by Evolution Data Centres Philippines (P9.7 billion) and Digital Edge Philippines (P5.4 billion) were highlighted.&nbsp;
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.

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FIRB OKs projects worth P287.9 billion under Marcos admin