Saturday, April 1, 2023
manilastandard.net
ADVERTISEMENT
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Others
    • Pets
    • Pop.Life
      • Newsmakers
      • Hangouts
      • A-Pop
      • Post Its
      • Performances
      • Malls & Bazaars
      • Hobbies & Collections
    • Technology
      • Gadgets
      • Computers
      • Business
      • Tech Plus
    • MS ON THE ROAD
      • Sedan
      • SUV
      • Truck
      • Bike
      • Accessories
      • Motoring Plus
      • Commuter’s Corner
    • Home & Design
      • Residential
      • Commercial
      • Construction
      • Interior
    • Spotlight
    • Gallery
      • Photos
      • Videos
    • Events
      • Seminars
      • Exhibits
      • Community
    • Biyahero
      • Travel Features
      • Travel Reels
      • Travel Logs
  • Advertise with Us
No Result
View All Result
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Others
    • Pets
    • Pop.Life
      • Newsmakers
      • Hangouts
      • A-Pop
      • Post Its
      • Performances
      • Malls & Bazaars
      • Hobbies & Collections
    • Technology
      • Gadgets
      • Computers
      • Business
      • Tech Plus
    • MS ON THE ROAD
      • Sedan
      • SUV
      • Truck
      • Bike
      • Accessories
      • Motoring Plus
      • Commuter’s Corner
    • Home & Design
      • Residential
      • Commercial
      • Construction
      • Interior
    • Spotlight
    • Gallery
      • Photos
      • Videos
    • Events
      • Seminars
      • Exhibits
      • Community
    • Biyahero
      • Travel Features
      • Travel Reels
      • Travel Logs
  • Advertise with Us
No Result
View All Result
manilastandard.net
No Result
View All Result
Home News

Salceda urges PBBM to name PEZA chief soon

Maricel CruzbyMaricel Cruz
February 5, 2023, 12:50 am
in News, Top Stories
Reading Time: 2 mins read
A A
Share on FacebookShare on TwitterShare on Email

Albay Rep. Joey Sarte Salceda on Saturday called on President Marcos to appoint a permanent director-general for the Philippine Economic Zone Authority (PEZA).

Salceda, chairman of the House Committee on Ways and Means, made the call following the recent confirmation of Trade Secretary Alfredo Pascual, thus vacating the seat if the PEZA board chairman.

“Many congratulations to Secretary Fred Pascual. Now I hope a permanent PEZA head is next,” Salceda said.

Salceda expressed confidence Pascual would recommend to the President the next PEZA director-general “without further delay.”

“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. We need a PEZA DG who can shoot decisively in the hunt for big whales and big elephants of investors,” Salceda noted.

ADVERTISEMENT

“Only security of tenure can give that certainty. I’ve recommended a few names, but I think Secretary Pascual can make that case to the President best,” he added.

“With PEZA now having a permanent Board chair, we need a permanent PEZA Director General, not an OIC. The PEZA DG can make longer-term commitments and make a stronger case for special incentives for special circumstances to the Fiscal Incentives Review Board. That’s crucial for attracting big whales,” Salceda said. 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.”

“The services sector is straightforward, almost ministerial. But manufacturing, especially capital-intensive manufacturing, requires more tailor-fit incentives and various other forms of support. During PGMA’s time, we provided special electricity cost and access incentives to Texas Instruments through EO no. 666, s. 2007. That is a non-fiscal incentive that is perfectly allowed under CREATE,” the solon said.

Salceda stressed that “a permanent PEZA director-general can negotiate such incentives with big investors, but we need someone who has some job security over the remaining 5 years of this administration. The current OIC arrangement doesn’t quite meet that standard.”

“We need to be very aggressive with our FDI (foreign direct investments). Our import cover is a bit less than pre-pandemic levels because the BSP appears to have been conducting open market operations to protect the peso. Aggressive FDI attraction will pad our GIR and

protect us from currency-related shocks. You need a permanent PEZA DG for that.” 

Tags: Ferdinand Marcos Jr.Joey Sarte SalcedaPhilippine Economic Zone Authority
ADVERTISEMENT
Maricel Cruz

Maricel Cruz

Related Posts

PBBM: Bataan-Cavite link ‘incredible feat’ once done

byVince Lopezand1 others
April 1, 2023, 1:10 am
0
8
President: Keep military assets in tip-top shape

President Ferdinand Marcos Jr. on Friday applauded the planned construction of the P175.6-billion Bataan-Cavite Interlink Bridge (BCIB), which will drastically...

Read more

DOJ: One of plotters arrested

byRey E. Requejoand1 others
April 1, 2023, 1:05 am
0
8
DOJ to present additional evidence in Ongpin case

Remulla claims Degamo slay '99% solved,' says Teves in midst of it all The National Bureau of Investigation (NBI) has...

Read more

EU: ‘Serious’ PH compliance helping seafarers retain jobs

byManila Standard
April 1, 2023, 1:00 am
0
8
Southwoods nails Seniors’ Fil golf crown

The European Union will still recognize certificates of Filipino seafarers, saying the Philippines has made "serious" developments to comply with...

Read more

Big LPG price cut at P9.20/k; Gas, diesel seen to cost more

byAlena Mae S. Flores
April 1, 2023, 12:50 am
0
8
Southwoods nails Seniors’ Fil golf crown

Petron Corp. announced a P9.20 per kilo price cut for liquefied petroleum gas effective today, even as domestic pump prices...

Read more

President: Keep military assets in tip-top shape

byVince Lopezand1 others
April 1, 2023, 12:45 am
0
8
President: Keep military assets in tip-top shape

President Ferdinand Marcos Jr. on Friday emphasized the importance of repair and maintenance of military assets as he inspected two...

Read more

Palace says work stops April 5 at noon to aid Holy Week lull

byManila Standard
April 1, 2023, 12:40 am
0
8
Palace eyes signed budget bill by yearend

Malacañan Palace on Friday announced the suspension of work in executive department offices starting noon on April 5, Holy Wednesday,...

Read more

Print Edition

View More

Recent Posts

  • PBBM: Bataan-Cavite link ‘incredible feat’ once done
  • DOJ: One of plotters arrested
  • EU: ‘Serious’ PH compliance helping seafarers retain jobs
  • Big LPG price cut at P9.20/k; Gas, diesel seen to cost more
  • President: Keep military assets in tip-top shape
  • Palace says work stops April 5 at noon to aid Holy Week lull
  • Palm Sunday Ready
  • EU welcomes ‘willing’ PH on EJKs

Advertisement

Latest News

Palace says work stops April 5 at noon to aid Holy Week lull

byManila Standard
April 1, 2023, 12:40 am
0
8
Palace eyes signed budget bill by yearend

Malacañan Palace on Friday announced the suspension of work in executive department offices starting noon on April 5, Holy Wednesday,...

Read more

Palm Sunday Ready

byManny Palmero
April 1, 2023, 12:38 am
0
8
President: Keep military assets in tip-top shape

Vendors weave palm fronds near Sto. Domingo Church in Quezon City on Friday, two days before Catholics observe Palm Sunday....

Read more

EU welcomes ‘willing’ PH on EJKs

byMacon Ramos-Araneta
April 1, 2023, 12:35 am
0
8
Southwoods nails Seniors’ Fil golf crown

A European Union official on Friday welcomed the willingness of the Philippine government to engage with the EU and the...

Read more

‘Bloody Sunday’ panel dismisses raps vs. 17 cops

byRey E. Requejo
April 1, 2023, 12:30 am
0
8
Southwoods nails Seniors’ Fil golf crown

A panel of prosecutors from the Department of Justice has dismissed the murder complaint against 17 police officers implicated in...

Read more

British bilateral, maritime, trade ties with PH up

byManila Standard
April 1, 2023, 12:25 am
0
8
Southwoods nails Seniors’ Fil golf crown

The United Kingdom and the Philippines are looking at an upgraded bilateral cooperation as London sought to strengthen its maritime...

Read more

Advertisement

ADVERTISEMENT
Facebook Twitter Instagram Youtube

ABOUT US

Manila Standard

Manila Standard website (manilastandard.net), launched in August 2002, extends the newspaper’s reach beyond its traditional readers and makes its brand of Philippine news and opinion available to a much wider and geographically diverse readership here and overseas.

Digital Edition

In tone and content, the online edition mirrors the editorial thrust of the newspaper. While hewing to the traditional precepts of fairness and objectivity, MS believes the news of the day need not be staid, overly long or dry. Stories are succinct, readable and written in a lively style that has become a hallmark of the newspaper.

Download – Today’s Paper

Search

No Result
View All Result

6th Floor Universal Re Bldg., 106 Paseo De Roxas cor. Perea Street, Legaspi Village, 1226 Makati City Philippines

Trunklines: 832-5554, 832-5556, 832-5558

© 2021 Manila Standard - Designed and Developed by Neitiviti Studios.

No Result
View All Result
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Pop.Life
    • Newsmakers
    • Hangouts
    • A-Pop
    • Post Its
    • Performances
    • Malls & Bazaars
    • Hobbies & Collections
  • Technology
    • Gadgets
    • Computers
    • Business
    • Tech Plus
  • MS ON THE ROAD
    • Sedan
    • SUV
    • Truck
    • Bike
    • Accessories
    • Motoring Plus
    • Commuter’s Corner
  • Home & Design
    • Residential
    • Commercial
    • Construction
    • Interior
  • Spotlight
  • Gallery
    • Photos
    • Videos
  • Events
    • Seminars
    • Exhibits
    • Community
  • Biyahero
    • Travel Features
    • Travel Reels
    • Travel Logs
  • Pets
  • Advertise with Us

© 2021 Manila Standard - Designed and Developed by Neitiviti Studios.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Install Manila Standard Web App

Install App