Bill incentivizing foreign productions in PH to help film industry, tourism, says solon

  • 📰 ABSCBNNews
  • ⏱ Reading Time:
  • 28 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 83%

Business Business Headlines News

Business Business Latest News,Business Business Headlines

MANILA — Actor-turned-Quezon City 5th District Rep. Alfred Vargas is batting for incentives for filmmakers to encourage foreigners to make their movies in the Philippines.

In a privilege speech Wednesday afternoon during the plenary session of the House of Representatives, Vargas said the country missed out on becoming a shooting location for the latest installment of Tom Cruise action franchise, “Mission Impossible.”“According to reports, producers of 'Mission Impossible' took interest in shooting in the Philippines sometime in 2019. This, however, did not push through, and the crew instead went to Thailand to shoot,” Vargas said.

Vargas said the Philippines on the other hand caps rebates for film projects at P10 million or roughly US$206,000. “That’s loose change for foreign filmmakers with multimillion-dollar budgets,” he said. The bill would create Film Philippines Office or FPO to promote the Philippines as a viable filming location for foreign film and television productions. The proposed agency will also establish a one-stop shop to process applications for the incentives, as well as help foreign filmmakers secure the necessary permits to shoot here.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

and stop producing pinoy movies, their all garbage anyway

Lagyan nyo ng tape yung bunganga nung pala-mura at pala-away s mga foreigners... malamang tataas ang Tourism.. sya ang panira s imahin ng bansa walang iba

Mga low brain din to mga congcong nato, pinatay nyo na rin ang movie industry sa pinas dahil sa totoo lng abs-cbn movies lng ang kumikita. Tapos ang pride at ego ni duterte ang nagwagi, pero gobyerno at taong bayan ang talo. No tax, killed jobs, killed business.

Ahh okay Pero nagpasara pa rin sila Ng TV station toinks

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in BUSİNESS

Business Business Latest News, Business Business Headlines