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With the approval of the amended CREATE Act, businesses in the Subic Free Port Zone may be eligible to receive an additional 6 years of ITH, a special rate for corporate income tax, exemption from VAT on importation for 16 years, and a VAT Zero-Rating on Local Purchase for 16 years beginning 2024

Cultivation of tobacco was labor intensive, and the colonists used indentured laborers from England and slaves kidnapped from Africa as their workforce

Yet with profits and cash flow historically proving very resilient, and the current distribution covered 1.65 times by the 2023 consensus forecast of EPS, the dividend looks fairly secure

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Cherie Wilson Delta Vice President, Government AffairsSustainability Over the past year, Wilson has advocated with industry and supply-chain partners to advance the nascent sustainable-aviation-fuel market as well as adopt other breakthrough clean fuels and technologies