pls email your resume to janrose_roxas@hkt-ph.com
Monday, March 18, 2024
Tuesday, February 20, 2024
PEZA approved P12B investments in Jan.-Feb. 2024
PEZA approved P12B investments in Jan.-Feb.
The Philippine Economic Zone Authority (PEZA) has approved over P12 billion worth of investment commitments during the first two months of 2024.
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In a statement on Tuesday, PEZA said it has given the thumbs up for P12.096 billion in investments in January to February this year, up 18.66% in the same period last year.
“The significant upswing in our investment performance within two months underscores our commitment to achieving our target of P250 billion investments for this year,” said PEZA Director General Tereso Panga.
So far this month, the investment promotion agency approved 16 projects, composed of nine ecozone enterprises, three IT enterprises, one domestic market, two ecozone logistics services, and one developer.
PEZA said the approved projects are expected to generate P9.884 billion in investments, create 2,243 direct jobs, and yield $591.476 million in exports.
The approved projects are located in the First Philippine Industrial Park II (FPIP II-SEZ), Daiichi Industrial Park (DIP-SEZ), Light Industry & Science Park III (LISP III-SEZ), Laguna Technopark (LT-SEZ), PHIVIDEC Industrial Estate - Economic Zone, Lima Technology Center (LTC-SEZ), Mactan Economic Zone II (MEZ II – SEZ), People Technology Complex (PTC-SEZ), 1 Nito Tower in Cebu City, Embarcadero De Legazpi in Legazpi City, Albay, Light Industry & Science Park IV (LISP IV – SEZ), and Hermosa Ecozone Industrial Park (HEIP-SEZ).
In January, PEZA greenlit P2.21 billion worth of 12 projects which are expected to $69.62 million worth of exports and 1,337 direct jobs.
Broken down, the 12 projects were composed of seven ecozone export enterprises, four information technology enterprises, and one facilities enterprise.
–VAL, GMA Integrated News
Friday, February 2, 2024
PEZA OKs 12 projects worth P2.21 billion in January 2024
PEZA OKs 12 projects worth P2.21 billion in January
The Philippine Economic Zone Authority (PEZA) approved P2.21 billion worth of new and expansion projects in the first month of 2024.
In a news release on Friday, PEZA said the 12 projects it green-lit would generate $69.62 million worth of exports and 1,337 direct jobs.
Broken down, the 12 projects were composed of seven ecozone export enterprises, four information technology enterprises, and one facilities enterprise.
“We are proud to have closed more than P2 billion worth of investments in the first month of 2024, and confident of securing more investments which are already in PEZA’s pipeline and waiting for approval in the coming months,” said PEZA Director General Tereso Panga.
The investment promotion agency said the projects would be located in the following ecozones:
- Cavite Economic Zone (CEZ)
- Cavite Technopark-Special Economic Zone (SEZ)
- Laguna Technopark
- Lima Technology Center-SEZ
- Carmelray Industrial Park II-SEZ
- Laguna Technopark Annex-SEZ
- First Philippine Industrial Park
- Giga Tower Bridgetowne IT Park in Quezon City
- Southwoods Mall in Laguna City
- Panorama Tower in Bonifacio Global City
- Jazz IT Center in Makati City
The approved investments were presented during PEZA’s first board meeting in Baguio City from January 25 to 27, 2024. — DVM, GMA Integrated News
Thursday, January 11, 2024
DOLE Wage Order no. IVA-20 CALABARZON Minimum Wage effective Sept 24, 2023
NOTES:
1. Binan City, Laguna= Php520 per day or ( 65pesos/hr)
2. Santa Rosa City, Laguna = Php479 per day or (59.875 pesos/hr)
3. If Retail or Service shop employing not more than 10 employees = Php385 per day or (48.125 pesos/hr)
Monday, December 25, 2023
DEC 26, 2023 GUIDELINES IN IMPORTATION - Bureau of Customs
12.26.2023
IMPORTATION
All goods imported into the Philippines are subject to duty and tax upon importation, including goods previously exported from the Philippines, except as otherwise provided for in the CMTA or in other laws.
Source: Section 104 of CMTA (CMTA-RA-10863-3.pdf)
When does importation begins and deemed terminated?
Importation begins when the carrying vessel/aircraft enters the Philippine territory with the intention to unload therein.
Importation is deemed terminated when:
(a) The duties, taxes and other charges due upon the goods have been paid or secured to be paid at the port of entry and the legal permit for withdrawal has been granted; or
(b) In case the goods are deemed free of duties, taxes and other charges, the goods have legally left the jurisdiction of the Bureau.
Source: Section 103 of CMTA (CMTA-RA-10863-3.pdf)
What kind of goods can I import?
All goods may be freely imported into and exported from the Philippines without need for import and export permits, clearances, or licenses.
Source: Section 116 of CMTA (CMTA-RA-10863-3.pdf)
Are there different types of importation?
According to CMTA, the following are the types of importation:
- Free Importation and Exportation;
- Regulated Importation and Exportation.
– Goods which are subject to regulation shall be imported or exported only after securing the necessary goods declaration or export declaration, clearances, licenses, and any other requirements, prior to importation or exportation. In case of importation, submission of requirements after arrival of the goods but prior to release from customs custody shall be allowed but only in cases provided for by governing laws or regulations.
Source: Section 117 of CMTA (CMTA-RA-10863-3.pdf)
- Prohibited Importation and Exportation.
– The importation and exportation of the following goods are prohibited:
(a) Written or printed goods in any form containing any matter advocating or inciting treason, rebellion, insurrection, sedition against the government of the Philippines, or forcible resistance to any law of the Philippines, or written or printed goods containing any threat to take the life of, or inflict bodily harm up on any person in the Philippines;
(b) Goods, instruments, drugs and substances designed, intended or adapted for producing unlawful abortion, or any printed matter which advertises, describes or gives direct or indirect information where, how or by whom unlawful abortion is committed;
(c) Written or printed goods, negatives or cinematographic films, photographs, engravings, lithographs, objects, paintings, drawings or other representation of an obscene or immoral character;
(d) Any goods manufactured in whole or in part of gold, silver or other precious metals or alloys and the stamp, brand or mark does not indicate the actual fineness of quality of the metals or alloys;
(e) Any adulterated or misbranded food or goods for human consumption or any adulterated or misbranded drug in violation of relevant laws and regulations;
(f) Infringing goods as defined under the Intellectual Property Code and related laws; and
(g) All otter goods or parts thereof which importation and exportation are explicitly prohibited by law or rules and regulations issued by the competent authority.
Source: Section 118 of CMTA (CMTA-RA-10863.pdf)
- Restricted Importation and Exportation. – Except when authorized by law or regulation, the importation and exportation of the following restricted goods are prohibited:
(a) Dynamite, gunpowder, ammunitions and other explosives, firearms and weapons of war, or parts thereof;
(b) Roulette wheels, gambling outfits, loaded dice, marked cards, machines, apparatus or mechanical devices used in gambling or the distribution of money, cigars, cigarettes or other goods when such distribution is dependent on chance, including jackpot and pinball machines or similar contrivances, or parts thereof; (c) Lottery and sweepstakes tickets, except advertisements thereof and lists of drawings therein;
(d) Marijuana, opium, poppies, coca leaves, heroin or other narcotics or synthetic drugs which are or may hereafter be declared habit forming by the President of the Philippines, or any compound, manufactured salt, derivative, or preparation thereof, except when imported by the government of the Philippines or any person duly authorized by the Dangerous Drugs Board, for medicinal purposes;
(e) Opium pipes or parts thereof, of whatever material; and
(f) Any other goods whose importation and exportation are restricted.
The restriction to import or export the above stated goods shall include the restriction on their transit.
Source: Section 119 of CMTA (CMTA-RA-10863-3.pdf)
Goods valued at Php 10,000 or less
Pursuant to CMTA, no duties and taxes shall be collected on goods with an FOB or FCA value often thousand pesos (P10,000.00) or below.
Source: Section 423 of CMTA( CMTA-RA-10863-3.pdf )
Goods valued over Php 10,000
The following are the considerations for the determination of goods to be processed as Informal Entry:
(a) Goods of a commercial nature with Free on Board (FOB) or Free Carrier At (FCA) value of less than fifty thousand pesos (P50,000.00); and
(b) Personal and household effects or goods, not in commercial quantity, whether or not subject to duties and taxes;
(c) Conditionally Tax and/or Duty-Exempt Importations under Section 800 of the CMTA;
(d) Clearance of previously imported diplomatic supplies and equipment of foreign embassies and tax-exempt institutions sold to a non-privileged buyer.
Source: Section 4 of CAO 2-2021
(cao-02-2021-Clearance_of_Goods_under_the_Informal_Entry_Process-2.pdf)
What are the types of Goods Declaration?
Formal Entry covers goods of a commercial nature with Free on Board (FOB) or Free Carrier (FCA) value of not less than PHP 50,000 and Personal and household effects or goods, not in commercial quantity, imported in a passenger’s baggage or mail.
Meanwhile, Informal Entry covers goods of a commercial nature with Free on Board (FOB) or Free Carrier (FCA) value of less than PHP 50,000.
All imported goods shall be subject to the lodgment of a goods declaration.
Source: Sections 400 and 402 of CMTA (CMTA-RA-10863-3.pdf)
When to Lodge a Goods Declaration?
A goods declaration must be lodged within 15 days from the date of discharge of the last package from the vessel or aircraft. Upon request, the period to file the goods declaration may be extended on valid grounds for another 15 days: Provided that the request is made before the expiration of the original period within which to file the goods declaration.
Failure to lodge the goods declaration within the prescribed period constitutes an implied abandonment of the goods.
Source: Section 407 of CMTA (CMTA-RA-10863-3.pdf)
==
REF:
https://customs.gov.ph/
Thursday, August 31, 2023
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