The Aurora Pacific Economic Zone and Freeport Authority (APECO) is seeking potential investors to inject funding for two transportation projects that will seamlessly connect the Casiguran-based economic zone (ecozone) to the global investment market. Speaking before delegates and members of the...
The Philippine Economic Zone Authority (PEZA) has called on lawmakers to amend its 30-year-old charter to grant the agency more powers, thereby strengthening the country’s appeal among foreign investors amid growing competition in Southeast Asia. Jenny June Romero, group manager of PEZA’s legal...
South Korean-led investment firm Hann Philippines Inc. (HPI) has signed an agreement with the government to reclassify its soon-to-rise property in New Clark City as a special economic zone, making it more attractive for investors. In a statement, the Philippine Economic Zone Authority (PEZA)...
Investment pledges approved by the Philippine Economic Zone Authority (PEZA) have exceeded ₱100 billion in the first eight months of the year, fueled by strong investor confidence in the country. In a statement, the PEZA said it has approved investments worth ₱105.83 billion from January to...
Davao Region is emerging as a springboard for greater trade and investment into the country, a growing hub for business, logistics, and tourism, according to the Philippine Economic Zone Authority (PEZA). In a statement, PEZA said the region—which consists of five provinces all bearing the name...
The Philippine Economic Zone Authority (PEZA) expects continued influx of investments into the country, following interest from several local government units (LGUs) in establishing new economic zones (ecozones), which are key drivers of trade and investment growth. PEZA Director General Tereso...
The Philippine Economic Zone Authority (PEZA) is expecting new investments from Taiwan after securing an investment promotion partnership with one of its largest commercial banks, Cathay United Bank (CUB). In a statement, PEZA said it has signed a memorandum of understanding (MOU) with CUB and...
Multinational biopharmaceutical giant AstraZeneca is poised to invest more than ₱7 billion over the next three years as part of its commitment to advance scientific innovation in the Philippines’ healthcare system, including the establishment of the country’s first health innovation hub....
The Philippine Economic Zone Authority (PEZA) is capitalizing on the threatened 19 percent United States (US). tariff rate on Philippine goods, presenting it as a key incentive to draw in much-needed Japanese investments amid their recent decline. The Philippines is set to face a 19 percent...
The Philippine Economic Zone Authority (PEZA) began the second half of the year on a high note, with investment approvals surging by 100 percent by the end of July, amid growing confidence in the country as an investment hub. In a statement, PEZA said it has approved ₱90.96 billion worth of...
The Philippine Economic Zone Authority (PEZA) has named Tokyo-based Mizuho Bank as the country’s latest investment promotion partner, a move to seen to boost Japanese investments into the country. PEZA Director General Tereso Panga said he has formalized this partnership through the signing of a...
Aboitiz Power Corp. (AboitizPower) announced that a subsidiary of its Therma Power Inc. will construct a battery energy storage system (BESS) in Cebu, which will be slated for commissioning by next year. In a statement, AboitizPower said Therma Power’s East Asia Utilities Corp. (EAUC) will soon...
