PEZA supports revised rules on incentives

By Othel V. Campos

PHILIPPINE Economic Zone Author- ity director-general Tereso Panga said over the weekend the entire economic zone industry, including investors, lauded the issuance of the revised revenue regulation that widens the list of incentives offered to qualified projects/activities of registered business enterprises.

“The revised revenue regulations gives justice to the real intent and spirit of the CREATE law, which is to incentivize qualified investments and to streamline and clarify the guidelines on the availment of VAT zero rating/ exemption incentives by RBEs,” Panga said.

URC DONATION. Universal Robina Corp. distributes some 135 tons of potato seed tubers to help hundreds of farmers in Benguet and Mountain Province grow their harvests and income. Four container vans containing 108 tons of potatoes were distributed to 268 farmers, while another 27 tons were given to 67 farmers. Attending the turnover ceremony in Benguet are (from left) Gerald Glenn Panganiban, director of Bureau of Plant industry, concurrent director of High Value Crops Development Program and National Urban and Peri-Urban Agriculture Program; Cameron Odsey, regional executive director of DA RFO-CAR; Vicky Yap, URC vice president for global procurement; Basilio Copas, chairman of United Potato Producers of Benguet and Mountain Province Inc.; Benguet Governor Melchor Diclas; and Dr. Benguet State University president Felipe Comila.