THE Philippine Economic Zone Authority (PEZA) saw its investment pledges plunge by 24.54 percent in the first four months of 2019 as potential investors worry over uncertainties surrounding the second of the government’s proposed tax-reform packages.

Data from the state-run ecozone agency showed that total investments hit P24.49 billion in January to April, compared with the P39.09 billion registered in the same period in 2018.