PEZA Director General Charito “Ching” Plaza.
PASAY CITY, Mar. 2 Last Wednesday, the Philippine Economic Zone Authority (PEZA) had its first of its monthly-forum called “Global Biz” for 2021 as part of its PEZA’s 26th Anniversary held on 24 February 2021 at the PEZA Auditorium.
PEZA started the year 2021 with Global Biz that hosted its foreign and local banks such as the Bangko Sentral ng Pilipinas (BSP), Development Bank of the Philippines (DBP), Philippines National Bank (PNB). The said forum also included Japanese banks namely, the Sumitomo Mitsui Banking Corporation, Mizuho Bank, MUFG Bank, and the Singaporean financial institution, the Passion Venture Capital.
BIR promises to remove export cigarettesâ tax-stamp exemption
March 1, 2021 | 7:44 pm
THE Bureau of Internal Revenue (BIR) said it will withdraw the tax-stamp exemption of export cigarettes, after a legislator cited the potential for these products to enter the market as tax-free smuggled goods.
At the House Ways and Means Committee hearing Monday, the chairman, Representative Jose Ma. Clemente S. Salceda, said the BIR should revoke Revenue Regulations (RR) No. 9-2015, which grants the exemption. He called unstamped export cigarettes âthe mother lode of smuggling.â
BIR Commissioner Caesar R. Dulay said the agency will reverse its rules in response to Mr. Salcedaâs proposal.
Published February 24, 2021, 4:47 PM
New committed investments approved by the Philippine Economic Zone Authority (PEZA) in January this year soared 139 percent, but there are still over 300,000 workers displaced from the continued non-operation of more than 300 locators.
PEZA Director General Charito B. Plaza said in her State of PEZA Address during its 26th Anniversary celebration today, Feb. 24, that 24 projects with combined investments of P11.308 billion were approved in the first month of 2021.
“This is actually 139th increase from the P4.726 billion investments PEZA generated in January 2020,” Plaza reported. Of the 24 projects, 20 are locator enterprises and 4 are economic zone developers.
Philippine Economic Zone Authority Director General Charito B. Plaza. (Photo credit from Corporate Communications Division
Published February 23, 2021, 4:00 PM
Japanese motorcycle giant Yamaha Motor has expanded its Philippine motorcycle manufacturing operation with P2.691 billion investments and hiring of additional 1,300 jobs for its plant in Batangas.
Philippine Economic Zone Authority (PEZA) Director General Charito “Ching” Plaza, who attended the inauguration of the Yamaha Motor Philippines, Inc., (YMPH) Monday, February 22, at the Lima Technology Center, Malvar, Batangas said the expansion project will add 1,300 workers to its existing 1,500 workforce.
The manufacturing plant inauguration also formally marked the start of operation of the PEZA approved plant expansion with Supplemental Agreement last January 15, 2020.
PEZA Director General Charito B. Plaza, (3rd from left), welcomes the Inauguration of the Manufacturing Plant Expansion Project of Yamaha Motor Philippines, Inc. at Lima Technology Center, Special Economic Zone, Batangas.
Yamaha allots nearly P3 billion for manufacturing expansion bworldonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bworldonline.com Daily Mail and Mail on Sunday newspapers.