The Philippine Economic Zone Authority has cleared P800 billion worth of investments under the administration of President Duterte, bringing its approved projects to more than P4 trillion since it was established in 1995.
The Philippine Economic Zone Authority (PEZA) is courting oil investments from the United Arab Emirates (UAE), whose enterprises have already poured in P383.405 billion in the local economic zones.
Philippine Economic Zone Authority
Philippine Economic Zone Authority PEZA Director General Char
PEZA director general Charito Plaza(File photo) MANILA - Philippine Economic Zone Authority (PEZA) director general Charito Plaza has invited oil companies in the United Arab Emirates (UAE) to build and operate oil refineries in the country. During the Global Biz with PEZA featuring the United Arab Emirates held in Dubai Tuesday, Plaza said oil companies based in the UAE can look into opportunities in making the Philippines its hub in the Southeast Asian region. "We seek your help to talk with big oil companies here in UAE as we attract them to locate in our island refinery ecozones, so to bring their oil deposits, stock it in the Philippines and have it refined there," she said. Plaza added UAE firms can take advantage of the ease of doing business as PEZA offers a one-stop shop for processing investments within ecozones and enjoying fiscal incentives and lower corporate income tax rate with the Corporate Recovery and Tax Incentives for Enterprises (CREATE) law. Island refin
The IT-business process outsourcing (IT-BPO) sector has generated P328.559 billion in investments, accounting for 12.33 percent of total investments in the country’s various economic zones since 2000, the Philippine Economic Zone Authority (PEZA) reported.
Philippine Economic Zone Authority PEZ