Finance Secretary Ralph Recto (right) leads his first Fiscal Incentives Review Board (FIRB) meeting as chairperson on Feb. 12, 2025. The meeting discussed the potential grant of tax incentives to companies engaged in the manufacturing of multi-layer ceramic capacitors (MLCC) for the automotive sector using highly advanced technology and processes, as well as the manufacturing and assembly of electric vehicles (EVs), parts, and components for public and private transportation. With Recto is the Special Assistant to the President for Investment and Economic Affairs (OSAPIEA) Secretary Frederick Go.
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