More than half of firms registered with investment promotions agencies (IPAs) are receiving unnecessary fiscal perks, the Finance department said on Monday.

Citing a department study, Finance Undersecretary Karl Kendrick Chua said in a statement that 57 percent of IPA-registered firms”are receiving incentives that are already unnecessary or redundant.”

Premium + Digital Edition

Ad-free access


P 80 per month
(billed annually at P 960)
  • Unlimited ad-free access to website articles
  • Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)

TRY FREE FOR 14 DAYS
See details
See details