PEZA aims for 7% rise on ecozone investments

PEZA aims for 7% rise on ecozone investments

The Philippine Economic Zone Authority (PEZA) is targeting a seven percent growth in approved investments in economic zones this year due to the passage of CREATE (Corporate Recovery and Tax Incentives for Enterprises) Law.

PEZA deputy director-general Tereso Panga said that the agency is “looking at an increment of about P6 billion.”

Panga added that they have “a strong basis for this projection because of the increasing FDI (Foreign Direct Investments)… we’re confident we can attract more investments, especially with the passage of CREATE.”

PEZA wants the Metro Manila restrictions to be lifted given the jobs to be created by IT-BPO firms. 

Read more here. 

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