The Philippines maritime regulator Maritime Industry Authority, Marina, announced its aspiration on luring private organizations to continue engaging in shipbuilding and repair by growing a scheme for tax incentives. The incentives program is for domestic shipping in order to improve the investment climate in the Philippines and gain more private-sector participation.
According to Marina, it is committed to construct an attractive financing plan and to revise the existing incentive programs...
https://safety4sea.com/phillipines-to-improve-shipbuilding-by-private-investments/