PEZA eyes more Singaporean investments in ecozones
Manila: The Philippine Economic Zone Authority (PEZA) aims to attract more Singaporean investors, given the country’s generous incentives and lower industrial power rates in some of its zones. In a news release Sunday, PEZA said Director General Tereso Panga highlighted the government’s fiscal incentive regime, which is already the most competitive among its Southeast Asian neighbors, during the recent 4th Philippines-Singapore Business and Investment Summit (PSBIS) panel in Singapore. He provided a snapshot of a more generous incentive package that may be granted to big-ticket investments under the CREATE MORE (Corporate Recovery and Tax Incentives for Enterprises to Maximize Opportunities