{"id":143707,"date":"2018-01-04T03:21:54","date_gmt":"2018-01-04T08:21:54","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=143707"},"modified":"2018-01-04T03:21:54","modified_gmt":"2018-01-04T08:21:54","slug":"peza-urges-firms-to-hike-local-sourcing-of-raw-materials","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2018\/01\/04\/peza-urges-firms-to-hike-local-sourcing-of-raw-materials\/","title":{"rendered":"PEZA urges firms to hike local sourcing of raw materials"},"content":{"rendered":"<figure id=\"attachment_125645\" aria-describedby=\"caption-attachment-125645\" style=\"width: 349px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2017\/10\/349px-Philippine_Economic_Zone_Authority_PEZA.svg_.png\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-125645\" src=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2017\/10\/349px-Philippine_Economic_Zone_Authority_PEZA.svg_.png\" alt=\"These six new economic zones include five information technology (IT) parks and centers and one horizontal economic zone in Negros region. (Photo By Philippine Economic Zone Authority - http:\/\/www.peza.gov.ph\/, Public Domain\" width=\"349\" height=\"490\" srcset=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2017\/10\/349px-Philippine_Economic_Zone_Authority_PEZA.svg_.png 349w, https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2017\/10\/349px-Philippine_Economic_Zone_Authority_PEZA.svg_-214x300.png 214w\" sizes=\"auto, (max-width: 349px) 100vw, 349px\" \/><\/a><figcaption id=\"caption-attachment-125645\" class=\"wp-caption-text\">These six new economic zones include five information technology (IT) parks and centers and one horizontal economic zone in Negros region. (<a href=\"https:\/\/commons.wikimedia.org\/w\/index.php?curid=60364427\">Photo By Philippine Economic Zone Authority &#8211; http:\/\/www.peza.gov.ph\/, Public Domain<\/a>)<\/figcaption><\/figure>\n<p><strong>MANILA<\/strong>\u00a0&#8212; The Philippine Economic Zone Authority (PEZA) has urged its registered firms to increase local sourcing of their raw materials.<\/p>\n<p>PEZA Director General Charito Plaza said the agency eyes for a \u201creverse trade fair\u201d this year, where importation of PEZA-registered companies would be displayed for local suppliers to offer their products to these PEZA firms.<\/p>\n<p>\u201cWe will display all the importations of our industries for local suppliers to know that these importations are actually available in the country,\u201d said Plaza.<\/p>\n<p>\u201cWhat\u2019s the goal of PEZA? To minimize the import dependence of our industries and to encourage new industries or complimentary industries that would manufacture or process these available raw materials with us,\u201d she added.<\/p>\n<p>PEZA Promotions and Public Relations Group Manager Elmer San Pascual said that only 20 to 25 percent of raw materials used by PEZA-registered companies are being sourced in the Philippines while the rest are imported.<\/p>\n<p>Plaza further said this trade show targets to expand business capability of local industries by supplying to multinational companies in PEZA.<\/p>\n<p>She added that this would also help PEZA-registered firms to lower their production costs as they would hike local sourcing of raw materials.<\/p>\n<p>\u201cPEZA-registered companies have access to cheaper labor here as well as tax- and duty-free importation. So now, we want to improve the supply chain capability of the country,\u201d Plaza said in Filipino.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MANILA\u00a0&#8212; The Philippine Economic Zone Authority (PEZA) has urged its registered firms to increase local sourcing of their raw materials. &hellip;<\/p>\n","protected":false},"author":33,"featured_media":125645,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[13369,13368],"class_list":["post-143707","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-charito-plaza","tag-philippine-economic-zone-authority","mauthors-kris-crismundo","mauthors-philippine-news-agency"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/143707","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/users\/33"}],"replies":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/comments?post=143707"}],"version-history":[{"count":0,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/143707\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/125645"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=143707"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=143707"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=143707"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}