Business
Narendra Modi has his eyes set on boosting business: Joao Cravinho, EU Ambassador
How do you view this victory of Narendra Modi and the BJP? And how will it impact the Indian economy?
We want India to do well. This election has ensured that there’s political stability for the next five years. A decisive leadership would mean tougher decisions, and no good governance is possible without tough decisions. The BJP-led NDA has a clear mandate to take bold and innovative decisions. International politics is not about zero-sum game and while India would economically engage other powers, EU has the potential to drive growth in India. EU is already the single biggest trading partner as a bloc, and is the single largest source of FDI for India as a bloc. We are ready to meet India’s needs in the fields of technology and funds.
You have interacted with Modi when he was the Gujarat Chief Minister. How do you rate him as a leader of modern India?
As a former Secretary of State for Foreign Affairs and Cooperation of Portugal, I had interacted with various leaders worldwide and I can say that Mr Modi is among the best. He has clarity of thought and clear vision of governance and that’s what India requires. He also has a very clear understanding of the challenges before the country. He is a good listener as well as a good talker and can engage in enriching discussions. No Prime Minister would like to have communal strife on his record, and I am certain that he would not allow any communal tensions in India. His priority is to boost the economy and he has his eyes set on that.
Where do India-EU relations go from here? What are the priority areas for India-EU and what’s the future of Free Trade Agreement that’s being negotiated for many years now?
Negotiators from India and European Union are on the job to conclude the FTA. The proposed agreement will lead to greater openness. In the past, EU held discussions with the BJP on the FTA. We take Mr Modi’s speech on economic issues on February 27 as a positive. I have no doubt that the FTA will benefit India. We hope that there will be progress in FTA before the next India-EU Summit at Brussels.
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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.
Read the original article : How Location Affects Tax Incentives for Investments in the Philippines
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What Happened in Markets Today
Inflation continued running hot, with prices increasing 3.4% in August compared with a year earlier, in line with July’s reading. Prices excluding food and energy rose 0.3% compared with July, above analyst expectations. Traders now place the odds of a rate hike next week at 87%, up from 72% yesterday.
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The stock market ended the week on a high note, with all three major indexes taking part in a broad rally on Friday.
The S&P 500 rose 0.9%. The Nasdaq Composite gained 1%. The Dow Jones Industrial Average gained 1%, or 508 points.
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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.
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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.”
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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.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| COST | COSTCO WHOLESALE CORP. | 904.77 | +2.39 | +0.26% |
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.
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