CGTS GETS APPROVED BY PEZA

May 24, 2006—PEZA Resolution No. 06-234 entitles Cebu Global Teleservices, Inc. as an Ecozone Information Technology (IT) Enterprise with the license to engage in call center operations providing telemarketing and customer services.

Furthermore, the company shall be entitled to incentives under RA 7916, as amended, and the PEZA IT Guidelines, subject to a Registration Agreement between the company and PEZA.

KPMG Laya Mananghaya & Co., one of the leading and fastest growing audit and advisory services firms in the country today, helped CGTS in acquiring all the pre-registration requirements and submitting those to PEZA.

CGTS now being registered under PEZA, has made a big leap after a long period of elaborately preparing the necessary documentations and other requirements called for by PEZA.

The said program is an important national development strategy where the government promotes the establishment of world class, environment friendly economic zones (ecozones) all over the country to respond to demands for ready-to-occupy locations for foreign investments.

Philippine Economic Zone Authority (PEZA) is a government corporation established through legislative enactment known as “The Special Economic Zone Act of 1995.”

PEZA is an investment promotion agency and a government owned corporation, attached to the Department of Trade & Industry. It grants fiscal and non-fiscal incentives to developers of economic zones, export producers, and I.T. service exporters. In addition, PEZA offers ready-to-occupy locations to foreign investors who are export producers or IT service exporters in world class and environment friendly Economic Zones and I.T. Parks / Buildings.

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