PEZA says 61% of uncollected fees already remitted

MANILA, Philippines --- The Philippine Economic Zone Authority (PEZA) said on Tuesday that 61% of P23.75 million in uncollected funds mentioned in a Commission on Audit (COA) report had been collected as of June 2019. According to a statement from PEZA's Finance Group (FG), P14.12 million worth of permit, inspection, and administrative fees have been remitted to the agency, while collecting the remaining balance is ongoing. "Regarding the P11.179 million Inspection Assessments for Annual Permits for the year 2018, the Finance Group has exerted efforts to collect the unpaid amount from locators," said J. Porfirio Ll. Yusingco, PEZA deputy director-general for finance and administrat...

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