"THE DEPARTMENT of Finance (DoF) is mulling the possibility of giving subsidies and lower borrowing rates to domestic enterprises as it seeks to limit tax incentives to export-oriented businesses.
“Our preference is to give fiscal incentives to investors that would not locate in the Philippines otherwise. Clearly, we want to attract them into the right industries like exports which can create a lot of jobs,” Finance Secretary Cesar V. Purisima said on the sidelines of the economic managers’ meeting last week.
