The Philippine Economic Zone Authority (PEZA) expects to exceed the 10-percent investment target set for the year as  growth continues to pick up.

But Tereso Panga, director-general of PEZA, cites the need to introduce amendments not just to the incentives law but the PEZA charter as well to become more competitive.

Panga said there are key reforms that have to be introduced to the 28-year old PEZA law including the removal of a presidential requirement for ecozones, reinforcement of separate customs territory and exclusive jurisdiction over ecozones, and introduction of new types of ecozones.

Read more:
https://malaya.com.ph/news_business/peza-to-exceed-goal-reforms-on-charter-pushed/

Published : 11-Sep-2023