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Makati subway undertaking secures tax perks

THE FISCAL Incentives Overview Board (FIRB) has authorized the grant of tax incentives for the rail operations of the P81-billion subway undertaking in Makati Metropolis.

Based on a Finance division assertion, the Makati subway undertaking will probably be given 4 years of revenue tax vacation adopted by 5 years of responsibility exemptions for imports of products associated to constructing and sustaining the undertaking.

Rail operations set to start out in January 2026 might enhance financial productiveness by P24.4 billion annually.

“This will probably be monitored, together with the opposite projected advantages, in accordance with the precept of granting incentives based

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Posted On : Published By : Mark Jensen
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Subway Restaurants moving ‘customer facing’ businesses from Connecticut to Miami

Subway Restaurants CEO John Chidsey says 90{98cae0078f524eff3ab8ec32cf55b261677ef6c8a6ed6e94d92a4234b93f46b6} of franchisees have applied for small business loans and its economic model is strong enough to survive the coronavirus.

Subway Restaurants is moving several of its business units to Miami in a move that will lead to even more layoffs at its Milford, Conn., campus, The New York Post has learned.
The chain that rose to fame selling $5 footlongs told its staffers on Thursday that it will be moving all of its “consumer facing” businesses to Miami, including culinary, marketing and “global transformation.”
At least some staffers were told that they would

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Posted On : Published By : Mark Jensen
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‘Nancy Pelosi’s subway’? GOP blasts COVID stimulus funds for BART

“Nancy Pelosi’s subway.” That’s what Congressional Republicans have christened the project extending BART service through downtown San Jose, which is set to receive an estimated $141 million from the COVID stimulus package the House is expected to pass Friday.

The South Bay BART extension isn’t even in Pelosi’s district.

But Republicans have made the connection as they argue Democrats are loading the $1.9 trillion relief package with pork: House Minority Leader Kevin McCarthy referred to the project as “Nancy Pelosi’s subway” at a press conference he called to criticize it Friday, and Senate Republicans called it “Nancy Pelosi’s Silicon Valley

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Posted On : Published By : Mark Jensen