The Philippine American Chamber of Commerce, Inc. (PACC), in cooperation with the Philippine Consulate General in New York and the Philippine Department of Trade and Industry, conducted a three-part webinar series on Philippine investment opportunities and tax developments. Tax Partner Margaux A. Advincula (MAA), who managed the EY Philippines Tax Desk in 2016 in EY New York, was the moderator and speaker at the first session titled Investment opportunities in Clark, Subic, and Bataan on 12 May.
MAA presenting with the other resource speakers at the webinarPACC President Aureo A. Sales and Consul General of the Philippines in New York Hon. Elmer G. Cato delivered the opening remarks. Executive Director of the Subic-Clark Alliance for Development, Atty. Carminda Z. Fabros then provided an overview of the Subic-Clark-Bataan Corridor.
President and Chief Executive Officer of the Clark Development Corporation PBGen. Manuel R. Gaerlan and Subic Bay Metropolitan Authority Chairman and Administrator Atty. Wilma T. Eisma then discussed the investment opportunities and major plans and projects in Clark and Subic, respectively. They presented relevant statistical data for investors such as the present locators and cost of doing business in Clark and Subic, as well as each area’s response to the COVID-19 pandemic.
Members of the SGV webinar organizing team with the PACC officersAfterwards, MAA discussed the profile of the Freeport Area of Bataan (FAB), investment opportunities, and the major plans and projects of the FAB. She also explained the salient fiscal and non-fiscal incentives provided to investors in Clark, Subic and Bataan, particularly the impact of the recent rationalization of fiscal incentives under the Corporate Recovery and Tax Incentives for Enterprises (CREATE) Act. MAA also moderated the webinar’s open forum where the speakers addressed participants’ questions.
PACC Executive Director Ledy Almadin was also present at the event. The webinar’s organizing team included current EY Philippines Tax Desk Senior Manager Michelle Arias, former Tax Desk Senior Manager Betheena Dizon, and Senior Associates Maria Clara Theresa David and Albertson Otchengco.
