Venture capital fund Gobi-Core Philippine Fund emphasized the need for increased government funding and tax incentives to propel the Philippine startup ecosystem. During the Philippine Startup Week 2024, they highlighted laws supporting startups but stressed improved implementation. Recommendations included grants for research, a Fund of Funds to attract private investors, and a specialized startup tax program. The Philippines can learn from neighboring countries like Singapore, Malaysia, and Vietnam, which provide robust support for startups. Additional measures include streamlining business registration and promoting innovation beyond Manila.
PHILIPPINE STARTUPS URGED TO BOOST FUNDING AND TAX SUPPORT
Latest from Business
BDO Unibank Inc. has been appointed as trustee for the Social Security System’s (SSS) Balanced Fund,
The Department of Agriculture (DA) is pushing for a bill to restore and expand the National
Home Credit is optimistic about reaching PHP100 billion in loan receivables in 2025, driven by a
The Philippines is set to increase imports of Cambodian agricultural products to boost food supply resilience
Meralco customers may see lower electricity bills this September as declining generation charges are expected to