PEZA: Reforms worrying investors

Investments registered by the Philippine Economic Zone Authority (PEZA) dropped by 36.5 percent during President Rodrigo Duterte’s second year in office as investors were spooked by the government’s plan to limit incentives.

PEZA promotions and public relations manager Elmer San Pascual told reporters that investments recorded from July 2017 to June 2018 amounted to P170.41 billion, significantly lower than the P268.36 billion posted during Duterte’s first 12 months in office.