The Corporate Recovery and Tax Incentives for Enterprises to Maximize Opportunities for Reinvigorating the Economy law is proving successful in drawing investments, with Japanese companies pledging PHP23.5 billion in new projects.
OceanaGold Philippines Inc. has remitted PHP397.8 million in local business taxes to Kasibu, Nagtipunan, and Cabarroguis in Nueva Vizcaya and Quirino, respectively, to support local government initiatives.