Philippines’ proposed tax on nickel ore exports could ‘kill’ industry - group head - BusinessWorld Online

  • 📰 bworldph
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 68%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

The head of the Philippine nickel mining industry warned on Tuesday that the government’s plan to impose an up to 10% tax on nickel ore exports could force local producers to close up shop. READ:

January 31, 2023 | 1:28 pm

“We need to be heard so the government will understand our side,” said Bravo, who is also the president of miner Global Ferronickel Holdings Inc. The idea is to follow in the footsteps of Indonesia, where a ban on nickel ore exports has attracted massive investment into processing plants. Indonesia wants to replicate the policy for other metals, including tin.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 9. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Philippine companies seen raising up to $8.25B via bonds in 2023 - BusinessWorld OnlineMANILA – Philippine companies are expected to generate up to P450 billion ($8.25 billion) through bond issuance this year to fund expansion and repay debt, the country’s bond market operator said on Monday. “Domestic investment liquidity is alive and well,” Antonino Nakpil, president and chief executive officer of the Philippine Dealing & Exchange Corp (PDEX), […]
Källa: bworldph - 🏆 9. / 68 Läs mer »