SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-C

CURRENT REPORT UNDER SECTION 17
OF THE SECURITIES REGULATION CODE
AND SRC RULE 17.2(c) THEREUNDER

1. Date of Report (Date of earliest event reported)

Dec 3, 2021

2. SEC Identification Number

60312

3. BIR Tax Identification No.

000-464-876-000

4. Exact name of issuer as specified in its charter

PHILIPPINE INFRADEV HOLDINGS INC.

5. Province, country or other jurisdiction of incorporation

PHILIPPINES

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

38TH FLR. RUFINO PACIFIC TOWER, 6784 AYALA AVENUE, MAKATI CITY Postal Code 1223

8. Issuer's telephone number, including area code

8283-8459/ 8283-8294

9. Former name or former address, if changed since last report

NOT APPLICABLE

10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA

Title of Each Class	Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding
COMMON	6,061,560,322

11. Indicate the item numbers reported herein

ITEM 9

The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.

Philippine Infradev Holdings, Inc.IRC

PSE Disclosure Form 16-1- Update on Corporate Actions/
Material Transactions/Agreements References: SRC Rule 17 (SEC Form 17-C) and
Section 16 of the Revised Disclosure Rules

Subject of the Disclosure
Receipt of notice of approval from the Fiscal Incentives Review Board (FIRB).
Background/Description of the Disclosure
Please be informed that we received today a notice from the office of Board of Investment regarding the approval of the application for registration of Makati City Subway, Inc. (“MCSI”), a wholly-owned subsidiary of Philippine Infradev Holdings Inc. as new operator of Local Government Unit Public-Private Partnership (LGU-PPP) Project (Makati City Subway). Further, the notice received mentioned the approval from FIRB regarding the tax incentives of the Makati City Subway. The tax incentives shall be limited to four (4) years income tax holiday, followed by five (5) years enhanced deductions and duty exemption on importation of capital equipment. The approved application and tax incentives are subject to compliance with certain conditions as mentioned in the notice.
Other Relevant Information
None.