The Philippine Economic Zone Authority has approved a total of P57.048 billion in committed investments in the January-November period this year or 11 percent lower than the P64.463 billion approvals in the same period last year. PEZA OIC Deputy Director General Tereso O. Panga noted that the...
The Bangsamoro Autonomous Region in Muslim Mindanao (BARMM) Economic Zone Authority (BEZA) is seeking to establish more economic zones, especially for Halal hubs in the region, which is composed of six provinces and three cities. Philippine Economic Zone Authority (PEZA) Deputy Director General...
The Filipino-Chinese business community has thrown strong support behind Trade and Industry Secretary Alfredo E. Pascual, who is facing opposition on his confirmation at the Commission on Appointments. In a statement, the Federation of Filipino-Chinese Chambers of Commerce and Industry Inc....
The Philippine Economic Zone Authority (PEZA) Employees Association (PEZAEA) has thrown its steadfast support behind OIC Deputy Director General Tereso O. Panga, stating the reforms instituted by Panga are “well received by the employees.” The PEZAEA issued this statement amid controversy...
Australian investors engaged in shipbuilding, business process outsourcing, call center, software development, engineering, architectural, and other design services have poured in P14.632 billion worth of investments, generating $351.944 million in exports, and created 43,033 direct jobs. This was...
The Development Bank of the Philippines (DBP) granted a P2.3-billion loan for a new economic zone in the coastal town of Pilar, Bataan. announced DBP President and Chief Executive Officer Emmanuel G. Herbosa said the loan to real estate firm Diamond Land Resources, Inc. (DLRI), owned by New San...
Malacañang stood by the decision of President Ferdinand "Bongbong" Marcos Jr. to veto House Bill 7575, saying the Chief Executive's move was within the bounds of the Constitution. Communications Secretary Trixie Cruz-Angeles (RTVM Screenshot) Communications Secretary Trixie Cruz-Angeles said...
Finance Secretary Benjamin E. Diokno said the proposed Bulacan Airport City Special Economic Zone and Freeport had carried substantial fiscal risks to the government. In an interview with ANC on Wednesday, July 6, Diokno affirmed former Finance Secretary Carlos G. Dominguez III’s call to the...
Incoming Senate President Juan Miguel Zubiri assured today July 4 that the Senate would try give priority to correcting deficiencies pointed out by Malacanang on the vetoed Bulacan airport and economic zone bill. "Remember that ecozones are considered local bills and therefore must emanate from the...
President Ferdinand "Bongbong" Marcos Jr. will fully support the bill to create the Bulacan Airport City Special Economic Zone and Freeport once Congress fixes the "defects" in the proposed measure, Malacañang said. Communications Secretary Trixie Cruz-Angeles (PTV/RTVM Screenshot)...
Incoming Senate President Juan Miguel Zubiri tonight (July 2) said the veto by President Ferdinand R. Marcos Jr, of the Bulacan Airport Special Economic Zone and Freeport bill is "unfortunate." Zubiri stressed that he respects the veto powers of the President under the Philippine Constitution. "I...
Malacañang clarified that President Ferdinand "Bongbong" Marcos Jr. fully supports the creation of the Bulacan Airport City Special Economic Zone and Freeport, and his decision to veto the proposed measure was to cure the defects found in it. Press Secretary Trixie Cruz-Angeles (PCOO Photo)...
