The Philippine Economic Zone Authority (PEZA) signaled plans to lower this year’s ₱300-billion target for investment pledges amid a 22-percent drop in approvals in the first quarter, as the ongoing war in the Middle East dampens investment plans. In a statement on Saturday, April 11, PEZA said...
The interagency Fiscal Incentives Review Board (FIRB) has allowed registered business enterprises (RBEs) in economic zones and freeports to temporarily adopt work-from-home (WFH) arrangements of up to 90 percent of their workforce, following the declaration of a national energy emergency. In a...
The Aurora Pacific Economic Zone and Freeport Authority (APECO) is pushing for the proposed Casiguran international seaport to be declared a national priority, as the investment promotion agency (IPA) ramps up efforts to secure investor backing for the big-ticket infrastructure project. APECO...
The Philippine Economic Zone Authority (PEZA) has requested the expansion of the 50-percent work-from-home (WFH) limit in ecozones to as much as 100 percent, giving registered business enterprises (RBEs) more leeway to adjust their operations amid rising fuel prices without forfeiting their...
The Aurora Pacific Economic Zone and Freeport Authority (APECO) is advancing plans to develop a domestic airport at its site in Casiguran town in Aurora province, with bidding scheduled this year and commercial operations targeted by the second quarter of 2027. APECO is also pursuing a future...
President Marcos has designated new economic zones in Tanauan City, Batangas, and Iloilo City to spur investments, generate jobs, and support regional development. The designations were made through two proclamations signed on Jan. 6 by Executive Secretary Ralph Recto, by authority of the...
ILOILO CITY — President Ferdinand R. Marcos Jr. has approved a new special economic zone in Iloilo. Executive Secretary Ralph Recto announced this week that the President signed Proclamation No. 1128 that declared several parcels of land in Mandurriao District here as an information technology...
Thousands of new jobs in manufacturing and information technology (IT) are expected to be created after President Marcos approved new and expanded special economic zones in Batangas and Iloilo, Executive Secretary Ralph Recto said. “The new ecozones reinforce the Marcos Jr. administration’s...
Figaro Culinary Group is scaling up its manufacturing subsidiary to bolster its long-term growth strategy, positioning the company to move beyond traditional retail and enter the international export market. The publicly listed food and beverage operator announced that its wholly-owned unit,...
Executive Secretary Ralph Recto said the designation of new Special Economic Zones (SEZs) in Parañaque, Laguna, and Misamis Oriental will help accelerate job creation and attract future-ready industries across the country, following President Marcos’ latest proclamations. Recto said the areas...
The Philippine Economic Zone Authority (PEZA) is taking a major step towards establishing more pharmaceutical ecozones in the country following an agreement with state-run Philippine Pharma Procurement Inc. (PPPI). The PEZA said it entered into a memorandum of understanding (MOU) with PPPI to...
The Philippine Economic Zone Authority (PEZA) said multiple foreign companies are already looking at potential investments in Palawan Mega Ecozone (PMEZ), which is still awaiting presidential proclamation to commence development. In a statement, PEZA said it is in talks with prospective investors...
