BusinessWorld
May 11, 2021 | 12:33 am
By
Reporter
DEFENSE EQUIPMENT manufacturers have been showing interest in setting up operations in the Philippines as soon as industrial zones are put up, a top official of the Philippine Economic Zone Authority (PEZA) said.
“There are manifestations of companies those who are manufacturing defense equipment, uniforms, weapons, military ships and aircraft
marami nang nag-invoke
ng kanilang (many have expressed their) interest to bring their manufacturing companies here once we have the defense industrial complexes,” PEZA Director-General Charito B. Plaza said in an online interview on Thursday.
PEZA plans to transform military reservation areas in Fort Bonifacio, Camp Evangelista, and Maguindanao into defense industrial complexes to manufacture military weapons and equipment. Ms. Plaza is aiming to have the areas declared as industrial zones before the end of the Duterte administration in mid-2022.
BusinessWorld
May 4, 2021 | 9:07 pm
DOLE
THE Philippine Economic Zone Authority (PEZA) is asking the national task force handling the coronavirus response to include its locators’ workers among the A4 priority group for vaccination, which covers non-medical frontliners. PEZA Director General Charito B. Plaza wrote a letter to Secretary Carlito G. Galvez, Jr., designated vaccine czar, on April 23 to ask for the inclusion of ecozone employees among the frontline workers next in line for inoculation. She noted that outsourcing and export-oriented firms that make up PEZA locators were allowed to have limited operations even during the strictest lockdown. “The BPO (business process outsourcing) and export-oriented sectors were allowed to operate as a measure to cushion the adverse impact of COVID-19 (coronavirus disease 2019) to the economy, subject to strict compliance with health and quarantine protocols,” she said in a press release on Tuesday. Under the gover
PASAY CITY, April 8 The Philippine Economic Zone Authority has welcomed the signing of a new law Republic Act. No. 11534, or the Corporate Recovery and Tax Incentives for Enterprises (CREATE) Act, by President Rodrigo Duterte last March 26, 2021.
The CREATE Law aims to gradually lower the corporate income tax from 30% to 25% and streamline the government’s fiscal incentives for investments both covering foreign and domestic enterprises.
PEZA Director General Charito “Ching” Plaza has expressed gratitude to the President and the Congress for considering most of the concerns and suggestions from the industry associations and PEZA-registered export industries that had been expressed and submitted to the House of Representatives and the Senate since the deliberations began as TRAIN 2, to CITIRA, and now the CREATE Law.
April 8, 2021 | 12:32 am Font Size
AAA
REGISTERED INVESTORS’ inability to apply for new incentives could lead to their departure from the country, the Philippine Economic Zone Authority (PEZA) said on Wednesday.
While it welcomed the signing of Republic Act No. 11534 or the Corporate Recovery and Tax Incentives for Enterprises (CREATE) Act, PEZA noted one of the items vetoed by President Rodrigo R.Duterte may have a “big effect” on the existing foreign direct investors in the country.
The vetoed provision under CREATE would have allowed existing registered businesses to apply for extended incentives for the same activity, which Mr. Duterte called “fiscally irresponsible” and unfair to taxpayers and enterprises with no incentives.
PASAY CITY, Mar. 16 — With Corporate Recovery and Tax Incentives for Enterprises (CREATE) bill now pending in the Office of the President for the signature of President Duterte, the Philippine Economic Zone Authority (PEZA) Chief has recently expressed support for the passage of CREATE bill.