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Third year of decline pulls down PEZA investments to 14-year low

Risk aversion last year reached even the country’s largest economic zone operator where tax perks are offered in exchange for placements......»»

Category: financeSource: philstar philstarJan 14th, 2021

PEZA okayed P72.6B worth of investments in ten months

The Philippine Economic Zone Authority said Friday it approved P72.64 billion worth of investments in the first 10 months, down by 26.86 percent from P99.32 billion in the same period last year.PEZA said this was due to the 45.37-percent decline in newly committed projects this year.“Despite the pandemic, PEZA continuously received intents for expansions and […].....»»

Category: newsSource:  balitaRelated NewsNov 14th, 2020

PEZA-approved investments down 25% in January-April

Investments for projects registered with the Philippine Economic Zone Authority (PEZA) continued to decline by 25 percent in the January to April period from a year ago on lingering concerns of both existing locators and prospective investors on the government’s plan to change the incentives regime as part of its tax reform program......»»

Category: financeSource:  philstarRelated NewsJun 2nd, 2019

November decline risks PEZA pledges falling to 14-year low

The country's largest economic zone operator is bound to face an inevitable 3-year drop in investment pledges in 2020......»»

Category: newsSource:  philstarRelated NewsDec 24th, 2020

PEZA investments may breach P100 billion

PEZA investments may breach P100 billion Louella Desiderio (The Philippine Star) – November 24, 2020 – 12:00am MANILA, Philippines — Investments approved by the Philippine Economic Zone Authority (PEZA) may exceed P100 billion this year with expected investments from both new and existing investors. “We might exceed more than P100 billion this year with all […].....»»

Category: newsSource:  balitaRelated NewsNov 24th, 2020

PEZA investments may breach P100 billion

Investments approved by the Philippine Economic Zone Authority may exceed P100 billion this year with expected investments from both new and existing investors......»»

Category: financeSource:  philstarRelated NewsNov 24th, 2020

PEZA okayed P72.6B worth of investments in ten months

The Philippine Economic Zone Authority said Friday it approved P72.64 billion worth of investments in the first 10 months, down by 26.86 percent from P99.32 billion in the same period last year......»»

Category: financeSource:  thestandardRelated NewsNov 13th, 2020

PEZA expects more investments in second semester

The Philippine Economic Zone Authority expressed hope that it will attract more investments in the coming months, despite a 27-percent drop in the value of newly-approved projects in the first seven months to P52 billion from P71.21 billion a year ago......»»

Category: financeSource:  thestandardRelated NewsAug 12th, 2020

PEZA investments sank 31.6% in May

Newly-approved investments in economic zones declined 31.6 percent in May to P29.54 billion from P43.22 billion in the same month last year......»»

Category: sportsSource:  abscbnRelated NewsJun 16th, 2020

PEZA expects investments to rebound 10%

The Philippine Economic Zone Authority said it expects investments in the economic zones to rebound 10 percent this year following a 16.2-percent slump last year......»»

Category: financeSource:  thestandardRelated NewsJan 19th, 2020

PEZA investments dropped 13% to P109b in 11 months

The Philippine Economic Zone Authority said Tuesday investments in all economic zones fell 12.6 percent in the first 11 months to P109.19 billion from P122.98 billion in the period last year......»»

Category: financeSource:  thestandardRelated NewsDec 24th, 2019

Job-creating investments in the Philippines decline in early 2019

Job-creating investments in the Philippines decline in early 2019 INQUIRER.net The flow of job-creating investments into the Philippines slowed in the first quarter of the year after going strong in.....»»

Category: newsSource:  manilanewsRelated NewsJun 11th, 2019

PEZA approved pledges drop in first 4 months

INVESTMENT PLEDGES approved by the Philippine Economic Zone Authority (PEZA) -- the second-biggest contributor to such commitments after the Board of Investments (BoI) -- slid nearly a quarter in the first four months of the year as uncertainty mainly from the proposed alteration of tax perks made businesses stay on the sidelines and even look elsewhere for expansion......»»

Category: newsSource:  bworldonlineRelated NewsJun 2nd, 2019

Ecozone investments drop 26% in 2016

MANILA, Philippines - Investment pledges approved by the Philippine Economic Zone Authority (PEZA) dropped by over a quarter last year on uncertainties broug.....»»

Category: financeSource:  philstarRelated NewsJan 9th, 2017

Economy: PEZA seeks land conversion freeze exemption

THE Philippine Economic Zone Authority (PEZA) is seeking an exemption to the planned two-year moratorium on land conversion, citing the need to continue developing economic zones in order to maintain momentum in investments......»»

Category: financeSource:  bworldonlineRelated NewsOct 2nd, 2016

PEZA investments up as locators expand

Approved investments by the Philippine Economic Zone Authority (PEZA) have gone up to R78 billion as of the first nine months this year as more economic zones are being developed, existing locators continue to expand and new investors are coming back afte.....»»

Category: newsSource:  mb.com.phRelated NewsOct 2nd, 2016

FDI inflow more than doubles as of May

NET INFLOW of foreign direct investments (FDI) to the Philippines fell in May from a year ago and the preceding month, according to data the central bank released yesterday that also showed the decline did not stop such flows from more than doubling in 20.....»»

Category: newsSource:  bworldonlineRelated NewsAug 10th, 2016

Front Page: FDI inflow more than doubles as of May

NET INFLOW of foreign direct investments (FDI) to the Philippines fell in May from a year ago and the preceding month, according to data the central bank released yesterday that also showed the decline did not stop such flows from more than doubling in 20.....»»

Category: financeSource:  bworldonlineRelated NewsAug 10th, 2016

BSP earnings down 14% to P34.5 billion

The Bangko Sentral ng Pilipinas reported a 14.3 percent decline in earnings to P34.5 billion from January to November last year compared to a year-ago level of P40.24 billion on the back of lower revenues and the net loss on foreign exchange rate fluctuations......»»

Category: newsSource:  philstarRelated NewsJan 17th, 2021

BSP posts lower net income

The Bangko Sentral ng Pilipinas (BSP) posted lower profits as of end-November 2020 amid the decline in interest income year-on-year. Preliminary data from the BSP revealed its net income for the first 11 months of the year at P34.51 billion, a 16.60 percent decline from the P40.24 billion posted in the same period last year. […] The post BSP posts lower net income appeared first on Daily Tribune......»»

Category: newsSource:  inquirerRelated NewsJan 17th, 2021

THRILLMAKER: Ces Drilon turns over a new leaf

In showbusiness, there will always be the one hit wonders, those people who hit mainstream popularity usually for only one piece of work and become known to the general public solely for that momentary success.  Of course, those of this type are, sooner or later, gone from the public eye and then eventually forgotten.  Then there are the lurkers, as in the online world, they are those who just quietly stay afloat in the sidelines, not hitting it big but somehow able to prolong their presence in the showbiz realm.  Then come the real superstars, those who are able to prolong their relevance by not being boxed in by their past successes and are not afraid to explore and reinvent themselves for a more “current” image.  When one talks about reinvention, favorite pop icon of the 80s, Madonna, always comes to mind.  Locally, there is Vilma Santos-Recto, who has, throughout her career, taken on a lot of image makeovers from her days as a childstar, a teenstar, a dramatic star and now as a star legislator—truly stamping her mark as a Star For All Seasons. In Philippine television, one personality who has, over the decades, managed to successfully take on any role she’s been asked to play is seasoned broadcaster Ces Oreña-Drilon.  From being a very incisive news reporter, she shifted to covering business and then even hosted her own popular business show in the 90s.  From there we all saw her taking on the mainstream news anchoring chores in ABSCBN’s late primetime newscast Bandila, before eventually heading the Lifestyle Ecosystem of the entire network. When the dust coming out of the whole ABSCBN franchise debacle finally settled, regular viewers and fans found Ces still widely present in their mobile devices, with her KUMU ventures Ces and the City and Bawal Ma-Stress Drilon still getting good audience shares.  She has also upped her “influencer” status further by going into various businesses which are not only profitable but are inspiring more and more women to empower themselves though enterprise and hardwork. Very recently, the former Usapang Business host decided that she wanted to do something bigger for the nation—bigger than just giving Filipinos their daily dose of the news.   This is why she recently accepted her election as President of the TOWNS Foundation (The Outstanding Women in the Nation’s Service).    TOWNS Foundation Incorporated is a national organization of dynamic and effective women who by their common shared activities and interests help transform the lives of the Filipinos.  The association is composed of 160 women, all accomplished in their respective fields, be it in the private or government sectors, who have been working together to help in the country’s development for the past 50 years.  Among the goals of the TOWNS Foundation is the recognition of women achievers which paved the way for the TOWNS Awards.  All TOWNS awardees become members of the foundation. The vision of TOWNS is to have a nation of empowered women who serve as catalysts for national development towards improving quality of life.  Its four-fold mission includes: identifying and recognizing exemplary women; harnessing talents of its members to influence national issues; inspiring women leaders and entrepreneurs; and providing a nurturing environment to TOWNS members. When the COVID19 pandemic hit the country last year, TOWNS joined forces with the UP Medical Foundation, Inc (UPMFI) to source funds that were used to procure PPEs for hospitals all over the country.  The still ongoing campaign has so far raised over P57 Million for countless frontliner beneficiaries. With her election as President, Ces now joins the ranks of former TOWNS Presidents Olivia Ferry, who became ZONTA International President; former PEZA administrator Lilia De Lima; former SSS Administrator Corazon dela Paz-Bernardo; businesswoman  Evelyn Singson; and former DOH Secretary Esperanza Cabral. With Ces now at the helm, we’re certain that the group is now headed to even greater heights of greatness for we know that when Ces starts talking business, she really means it......»»

Category: newsSource:  mb.com.phRelated NewsJan 17th, 2021