The transition towards a circular economy (CE) offers US$4.5 trillion in economic opportunities globally by reducing waste, stimulating innovation, and creating employment, according to Ramla Khalidi, Resident Representative of UNDP in Vietnam.
MANILA - While attracting investments into the country and creating jobs for Filipinos, the Philippine Economic Zone Authority (PEZA) has also remitted over PHP5.5 billion in dividends to the national government during the administration of President Rodrigo Duterte. In a statement Friday, the investment promotion agency (IPA) said it remitted a total of PHP5.6 billion in dividends to the national government from 2017 to 2021. PEZA Director General Charito Plaza said the remittance made by the Duterte administration in the past five years is higher than the combined dividends remitted by the past four administrations from 1996 to 2016. In a span of 20 years, the past administrations contributed PHP5.19 billion in dividends to the national coffers. For 2021 alone, PEZA remitted PHP898.47 million in dividends to the Bureau of the Treasury (BTr). "PEZA continues to remit high dividends brought by our existing and new investments, projects, and expansions from 2017 to 2021. Amidst the
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