In a year of doubts, Peza gets P95B worth of investment promises

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The Philippine Economic Zone Authority (Peza) received around P95.03 billion worth of investment pledges last year, attracting investments in the manufacturing and business process outsourcing (BPO) sectors despite its pandemic woes. | roycanivel_inq

“We hope that [in this] coming 2021, we will be able to attract more foreign direct investments in the country, keep the Peza brand of service renowned worldwide, and help the Philippine economy bounce back and even become a self-reliant, self-sustaining and resource-generating investment haven in Asia,” she added.

In November last year, the Senate passed the Corporate Recovery and Tax Incentives for Enterprises bill, the latest iteration of a tax reform package that sought to cut corporate taxes and rationalize tax breaks. Peza has been opposing such moves as far back as three years ago.

 

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