Investments in TSEZ hit ₱18B–Peza

Quick Summary:

The Toyota Special Economic Zone (TSEZ), which houses Toyota Motor Philippines Corp.(TMP), has already generated P18 billion in investments and hired over 3,000 workers as of November 2024, according to the Philippine Economic Zone Authority (Peza).

But some issues include VAT and the CARS program,” the investment promotion agency said.

Aquino III in 2015, brands participating in the program should produce at least 200,000 vehicles per enrolled model within six years to qualify for fiscal support from the government.

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Article Details

Author / Journalist: Andrea E. San Juan

Category: BusinessStartups

Markets: Philippines

Topics: Economic Tsez Special Investment Locators Toyota Zone Philippines Agency Program Peza

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-15 @ 16:15:00 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 509 words

Reading Time: 3 minutes read

Sentences: 20 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Mirror

News ID: 24418986

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