A leader of the House of Rep-resentatives urged President Ferdinand Marcos Jr. to appoint a permanent Director-General for the Philippine Economic Zone Authority (PEZA), who can “shoot decisively in the hunt for big whales and big elephants of investors.”
A LEADER of the House of Rep-resentatives urged President Ferdinand Marcos Jr. to appoint a permanent Director-General for the Philippine Economic Zone Authority , who can “shoot decisively in the hunt for big whales and big elephants of investors.”
The current officer in charge of PEZA is Tereso O. Panga, the deputy director general who was named OIC last year after a change in administration. “The world is beginning to go back to pre-pandemic normalcy, as Secretary Pascual would know. So, some unique windows of opportunity to take advantage of Covid-19 worries of multinational firms are also closing,” he said.
According to Salceda, a permanent PEZA head can make longer-term commitments and make a stronger case for special incentives for special circumstances to the Fiscal Incentives Review Board.As for what he meant by “big whales,” Salceda said he hopes the country could begin preparing more long-term incentive packages for “big electronics companies such as TSMC, big defense manufacturers, and firms engaged in critically deficient areas, such as shipbuilding.
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