The government extended incentives to 25 various projects nationwide with total investments of P287.947 billion during the first year of the Marcos Jr. administration.
The projected amount of incentives or the foregone revenues by the state was at nearly P30 billion, according to the Department of Finance .
The list of projects was topped by Unity Digital Infrastructure Inc. for its P147.493-billion investment in infrastructure that includes telecommunications in multiple locations nationwide. Unilever Philippines Inc. received the highest amount of incentives among the 25 projects at P9.411 billion. The firm got 6 years of ITH, 5 years of ED and 11 years of duty exemption on importation. Unilever’s latest investment is worth P4.769 billion.
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