Investment location in the Philippines influences registration, tax incentives, and duration of income tax holidays, with incentives governed by authorities like PEZA and benefits varying based on project location and economic zones.

Investment Location and Registration Process

The establishment of an investment in the Philippines influences its registration pathway and available tax incentives. Projects situated in designated economic zones and freeports are overseen by different Investment Promotion Agencies (IPAs). The project’s location determines not only the registration authority but also influences the duration of income tax holidays available to eligible investments. The 2026 Strategic Investment Priority Plan (SIPP), approved in June 2026, outlines priority activities and industry tiers that qualify for these incentives.

Role of Investment Promotion Agencies and Incentives

Philippine Economic Zone Authority (PEZA) registration is location-specific, requiring projects to operate within PEZA-registered zones or IT parks. Other areas fall under separate IPAs, such as Clark or Subic, managed respectively by their development corporations. Incentives provided through these agencies are governed by national frameworks under the CREATE and CREATE MORE Acts, which standardize corporate tax incentives across different zones, depending on jurisdiction rather than distinct incentive systems.

Impact of Location on Incentives and Benefits

Location affects which IPA can register the project and the types of incentives accessible, especially for export and domestic activities. Export enterprises can benefit from a 5% Special Corporate Income Tax (SCIT) or the Enhanced Deductions Regime (EDR) for 10 years, whereas domestic enterprises may access the EDR for five years. Additionally, relocating from the NCR or operating in disaster-affected areas can grant extra years of income tax holiday benefits, boosting investment incentives based on strategic geographic considerations.

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A chocolate Frankenstein head filled with gummy candy being sold for more than $50 at Costco is going viral on social media.

The hefty Halloween treat weighs 5.5. pounds and includes a mallet to smash the monster’s head and get at the gummies, which are shaped like body parts.

The “Monster Mash Chocolate” made by Ten Acre Gifts sells for $54.99 at the wholesaler and for more than $60 online, although it appeared to be sold out on Costco’s website Saturday evening.

PUMPKIN SPICE INVADES SUMMER AS AMERICANS KICKSTART FALL TRADITIONS EARLIER THAN EVER

Costco is selling a $55 “Monster Mash Chocolate” candy Frankenstein in time for Halloween. (Charles-McClintock Wilson/NurPhoto via Getty Images; Costco.com / Getty Images)

The label says the candy is 150 calories per serving and includes 25 servings.

While some Halloween fans were in love with the chocolate treat, others thought it was a little over the top.

One person on Instagram said they would consider it if they were hosting a Halloween party and another commented: “Hard pass but would make a great prank Christmas gift.”

COSTCO FANS ERUPT AFTER BELOVED FOOD COURT ITEM REPLACED BY HIGH-CALORIE NEWCOMER

Costco is selling a chocolate Frankenstein head filled with gummy candy that weighs 5.5 pounds. (Costco.com / Unknown)

“Costco looked at Halloween and said, ‘What if a piñata… but medically concerning?’” someone else joked on X.

Another X user professed: “This is now a priority need in my life…”

LINES WRAP AROUND BLOCK AS CUSTOMERS WAIT HOURS FOR VIRAL DOT CAKES THAT SELL OUT WITHIN MINUTES

Shoppers walk by a Costco Halloween display in New York.  (Lori Van Buren/Albany Times Union via Getty Images, File / Getty Images)

“Imagine explaining to someone that your Halloween candy comes with its own demolition tool,” someone else posted on X, and another user joked, “A hammer for Halloween candy is insane. Costco wass like, safety can wait.”

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The product was even selling on eBay for as much as $100.

FOX Business has reached out to Costco for comment.

1539 ET – Oil futures slip but post weekly gains on escalating conflict in the Middle East, with Yemen’s Iran-backed Houthis stepping up attacks on Saudi facilities and making territorial advances to strengthen their position near the Bab al-Mandeb Strait. “Although much of today’s price pullback appears attributable to talk of Middle East countries discussing a reopening of the Strait of Hormuz, and some bearish demand aspects to today’s monthly IEA report, the larger negative driver in our opinion, is simply a deserved market correction following this week’s dramatic gains,” Ritterbusch & Asosciates says in a note. WTI settles down 2.4% at $100.05 a barrel for a 9.4% weekly gain. Brent falls 2.8% to $104.61 and is up 8.7% on the week. (anthony.harrup@wsj.com)

Oil Demand Loss More Damaging for Developing Countries

1239 ET – The IEA’s latest estimate for a 2.5 million barrels-a-day drop in oil demand this year because of the U.S.-Iran conflict puts losses on a par with declines in 2008/09 combined during the global financial crisis, says Raymond James investment strategy analyst Pavel Molchanov. “In developed economies, oil demand destruction involves mostly mild effects, such as suspended airline routes. In lower-income countries, more painful impacts—factory closures, fuel rationing—are visible.” The IEA sees demand barely recovering pre-conflict levels in 2027, “and a portion of demand destruction may be permanent,” he adds.(anthony.harrup@wsj.com)

Authentic Brands Group continues to grow its network of partners for Lee.

On Friday, the global brand and entertainment company announced a strategic partnership with Union Group for Lee in Mexico. The agreement will take effect following Authentic’s previously announced acquisition of Lee from Kontoor Brands, which is expected to close in the second half of 2026.

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Union Group will serve as Lee‘s strategic operating partner in Mexico, leveraging its extensive capabilities and expertise across product development, sourcing, retail, wholesale distribution and e-commerce.

The fully integrated operator has more than 40 years of experience in Mexico, including overseeing the operations for several of Authentic brands. Their partnership began more than a decade ago with Nautica and has since expanded to include Aéropostale, SHAQ, Reebok, Quiksilver, among others.

“Union Group has been a trusted partner to Authentic for many years,” said Victor Alvarino, SVP head of Mexico, Authentic. “Their strong operating capabilities, retail relationships and deep understanding of the Mexican consumer make them an ideal partner for Lee. Lee is an iconic brand with tremendous heritage and significant growth potential in Mexico, and together we have a great opportunity to accelerate its growth and build the brand for the long term.”

Authentic has inked several deals for Lee in recent weeks. Shanghai Huizhong, a wholly owned subsidiary of the HiMaxxGroup, will be the operating partner for Lee across China, Hong Kong and Macau. Authentic also formed strategic partnerships for Lee with One Jeanswear Group for North America and Experience Group across Europe.

“We are proud to expand our longstanding partnership with Authentic by welcoming Lee,” said José Tawil, CEO of Union Group. “Lee is an iconic global brand with a rich heritage and strong foundation in denim and lifestyle, one that generations of Mexican consumers have known and loved. We look forward to working alongside Authentic to bring Lee back to the top of mind position it deserves—e expanding the brand in Mexico and creating new opportunities for its long-term growth.”

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