Wednesday, December 22, 2010

Fiscal incentives approved by Board of Investments for JG Summit’s revived cracker

Fiscal incentives have been approved by the Board of Investments (BoI) for a JG Summit Holdings, Inc.’s revived plans for a P33 bln naphtha cracker facility. The BoI recognized the planned investment as a "pioneer project", making it eligible for a 6-year income tax holiday and other incentives such as the duty-free importation of equipment.

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