Investors are looking at the possibility of constructing the first building in the proposed Call Center City in the South Road Properties in Cebu.
Cebu City Mayor Tomas Osmeña said investors would like to wait until the 2019 elections. This project is expected to start a private-public partnership between the City Government and interested investors.
The more than 60-hectare proposed project will be three times bigger than Cebu’s IT Park. — via SunStar Cebu
The Philippine Economic Zone Authority seeks to amend the PEZA law to protect the investment promotions agency (IPA) from uncertainties caused by the second package of Tax Reform for Acceleration and Inclusion (TRAIN).
PEZA Director General Charito Plaza said they are proposing amendments because the law, which has been around for 23 years already, has many weaknesses and shortfalls.
“We want PEZA to be directly under the Office of the President already as a GOCC because right now, we are attached to the DTI and we don’t know our personality,” Plaza said.
The director general expressed confidence that these proposed amendments will gain sufficient support in Congress. — via Philippine News Agency
Socioeconomic Planning Secretary Ernesto M. Pernia is pushing to ramp up the country’s service exports to compensate for the expected sustained decline in merchandise exports due to the looming global economic slowdown.
The country’s chief economist said that the country has a natural advantage on service exports, especially tourism. This also includes the business process outsourcing (BPO) industry.
A World Bank data showed that the country’s service exports continue to increase, from $20.4 billion in 2015 and $31.4 billion in 2016.
The merchandise exports from January to May, on the other hand, declined 5 percent to $26.9 billion from $28.3 billion last year, the latest government data showed. — via Inquirer.net
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