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
Published May 3, 2021, 5:00 PM
The Department of Trade and Industry (DTI) has strongly batted for the lifting of locational investment restrictions, including business process outsourcing (BPO) operations in Metro Manila, to create more jobs, especially in the country’s capital.
Trade and Industry Secretary Ramon M. Lopez said during the TGER-NERS Job Summit on Labor Day, May 1, that DTI and the Board of Investments (BOI) support the recommendations of the business sector to the review of the Investment Priorities Plan (IPP) and to remove the geographical qualifications in availing subsidies, incentives, and programs, among others.
Trade and Industry Secretary Ramon M. Lopez (Bloomberg file photo)
SunStar
+ May 01, 2021 CORDILLERA Administrative Region’s (CAR s) gross regional domestic product (GRDP) dipped to 9.9 percent due to Covid-19.
From the P321.7 billion posted in 2019, the Philippine Statistics Authority (PSA–CAR) revealed the region’s GRDP was only at P289.9 billion in 2020.
Services Sector contributed around P191.33 billion or 66 percent, while the industry sector had P69.58 billion (24 percent) with agriculture, forestry and fishing contributing around P29 billion (10 percent).
Stephanie Christiansen, National Economic and Development Authority (Neda-CAR) officer-in-charge regional director, said Cordillera’s economy was already growing between 2017 and 2019, however, the Covid-19 pandemic disrupted the growth in 2020.
“Like the national economy that contracted a -9.6 percent, our regional economy was even more affected, registering a -9.9 percent in regional gross output. Two of our biggest growth drivers suffered the most signific
House panel pushes stricter enforcement of excise taxes visayandailystar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from visayandailystar.com Daily Mail and Mail on Sunday newspapers.
BusinessWorld
April 26, 2021 | 8:15 pm
WWW.ANFLOINDUSTRIALESTATE.COM
THE HOUSE Ways and Means Committee approved bills that proposed new economic zones in various parts of the country, including Mindoro, Sangley Point, Cavite, and Bacolod City.
In a hearing on Monday, the committee made an omnibus approval on the tax provisions of unnumbered substitute bills to House Bills 263, 264, 655, 3239, 5440, 5538, and 5794 subject to amendments.
The seven bills called for special economic zones to be created in Paluan, Occidental Mindoro; Sangley, Cavite; Cebu’s 4
th District, Bacolod, Northern Bohol, and Metro Iloilo.
Representative and House Committee on Economic Affairs Chairman Teodorico T. Haresco, Jr. said at the hearing that each of the bills will help boost local economies, which he called a timely response to the pandemic.