• 3,000 firms
  • Independent
  • Trusted
Save up to 70% on staff

News » PEZA inflows drop with jobs as agency steps up CREATE fight

PEZA inflows drop with jobs as agency steps up CREATE fight

PEZA inflows drop with jobs as agency steps up CREATE fight

Investments lured by the Philippine Economic Zone Authority (PEZA) dipped by over a fifth in September, while employment they generated also sustained a historic downtrend ahead of an expected Senate vote on a bill ultimately trimming down tax perks in years to come.

Data released to the Philippine Star showed approved investments at the country’s largest economic zone operator amounted to P68.5 billion in September, down 22.41% from P88.3 billion recorded a year ago.

That translated to 215 job-generating projects in September, down by nearly half from previous year’s level. PEZA exports also declined 3.2% annually to $30.2 billion. PEZA did not cite reasons for the decline.

In an email, ING senior economist Nicholas Mapa said, “I think the dimming economic outlook had more to do with the substantial drop off in PEZA investments. The Philippines is currently in a recession but so is most of the world economy, which will definitely put a damper on demand for electronics on a global scale.”

Read more here. 

Start your
journey today

  • Independent
  • Free
  • Transparent

About OA

Outsource Accelerator is the trusted source of independent information, advisory and expert implementation of Business Process Outsourcing (BPO)

The #1 outsourcing authority

Outsource Accelerator offers the world’s leading aggregator marketplace for outsourcing. It specifically provides the conduit between Philippines outsourcing suppliers and the businesses – clients – across the globe.

The Outsource Accelerator website has over 5,000 articles, 350+ podcast episodes, and a comprehensive directory with 900+ BPO companies… all designed to make it easier for clients to learn about – and engage with – outsourcing.

About Derek Gallimore

Derek Gallimore has been in business for 20 years, outsourcing for over eight years, and has been living in Manila (the heart of global outsourcing) since 2014. Derek is the founder and CEO of Outsource Accelerator, and is regarded as a leading expert on all things outsourcing.

“Excellent service for outsourcing advice and expertise for my business.”

Learn more
Banner Image
Get 3 Free Quotes Verified Outsourcing Suppliers
3,000 firms.Just 2 minutes to complete.
SAVE UP TO
70% ON STAFF COSTS
Learn more

Connect with over 3,000 outsourcing services providers.

Banner Image

Transform your business with skilled offshore talent.

  • 3,000 firms
  • Simple
  • Transparent
Banner Image