Peza halves 2020 investment registration target

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The PEZA sets only about P60 billion in investment registration goal for the year as the pandemic adversely affects investor sentiment. | roycanivel_inq

Unless the Peza defies the odds, it would see its investment pledges registration drop for the third year in a row, as the uncertainty over the future of the ecozone locators’ tax breaks is further complicated by the impact of the health crisis.

When asked for a realistic target for 2020, Peza Director General Charito Plaza said in an interview on ABS-CBN News Channel last week that they were expecting only half of year-ago figures.

 

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