5 months $1-billion planned investments lost due to TRAIN 2 – SEIPI MB |Biz
By Bernie Cahiles-Magkilat The Semiconductor, Electronics Industry of the Philippines, Inc. (SEIPI) said the country has lost $1 billion in estimated potential investments and 10,000 new jobs as a result of the uncertainty created by the government’s tax reform program that seeks to overhaul the investors’ tax incentives system even as the group warned of long term impact on the country’s attractiveness as an investment destination should the current version of the bill is passed into law. Semiconductor and Electronics Industries Foundation, Inc. logo (Courtesy of seipi.org.ph) In a press conference at the opening of the 16th Philippine Semiconductor & ... more