The Philippine Economic Zone Authority is encouraging businesses to incorporate environmental, social and governance strategies, emphasizing that these will give them competitive advantage.
The Philippine Economic Zone Authority recently participated in an investment forum in South Korea to attract more investors in line with efforts to sustain its level of approved investments in the last quarter of the year.
Investments approved by the Philippine Economic Zone Authority declined by almost 23 percent in the first nine months to P39.63 billion from P51.2 billion a year ago.
Expansion and new projects to be undertaken by the business units of Cirtek Holdings Philippines Corp. at the Laguna TechnoparkâSpecial Economic Zone are set to receive tax perks from the Philippine Economic Zone Authority.
Investments approved by the Philippine Economic Zone Authority declined by nearly 30 percent in the first half of the year to P22.49 billion, the agency reported Friday. PEZA officer-in-charge Tereso Panga said the investments came from 90 new and expansion projects.