The Philippine Economic Zone Authority (PEZA) is on track to meet its ambitious target of welcoming up to 30 economic zones (ecozones) this year. With nearly two months left in the year, PEZA Director General Tereso Panga said the investment promotion agency still expects the presidential...
BAGUIO CITY – This city registered a 5.8 percent economic growth in 2024 and remains the fastest growing economy among all Cordillera provinces and highly urbanized cities, the Philippine Statistics Authority-Cordillera said. PSA-Cordillera Chief Statistical Specialist Aldrin Federico Bahit Jr....
The Philippine Economic Zone Authority (PEZA) is partnering with the Home Development Mutual Fund, otherwise known as Pag-IBIG Fund, to provide affordable housing for PEZA employees and the broader ecozone workforce in the country. In a statement, PEZA Director General Tereso Panga said the...
The Swedish government’s grant of $1.3 million for the Subic-Clark-Manila-Batangas (SCMB) railway project under the Luzon Economic Corridor underscores the strengthened cooperation between Sweden and the Philippines, its ambassador said. The Swedish Embassy in Manila, in a statement on Wednesday,...
In love, they call it the seven-year itch, but the Philippine coal moratorium barely made it to a five-year streak before jumping back into the arms of its toxic ex: King Coal! Missing the ‘dirty play’ that much, huh? It looks like we can’t quit this coal addiction, even as the planet begs...
The Aurora Pacific Economic Zone and Freeport Authority (APECO) is exploring a potential agreement with Spanish engineering firm IDOM Consulting, Engineering, Architecture SAU to establish a food and logistics hub at the Casiguran-based ecozone. APECO President and Chief Executive Officer (CEO) Gil...
Since 2022, artificial intelligence (AI) has begun to transform the Philippine economy—not as a futuristic concept, but as a current and measurable force. Generative AI tools are already reshaping the business landscape, from finance and marketing to logistics and customer service. Local...
Citing weaker-than-expected economic growth in the first semester of 2025, the International Monetary Fund (IMF) has lowered its 2025 and 2026 gross domestic product (GDP) forecasts, with next year’s outlook seen to fall short of the downscaled growth goal. IMF Mission Chief Elif Arbatli...
SM Offices, a business unit of SM Prime Holdings Inc., has signed a Registration Agreement with the Philippine Economic Zone Authority (PEZA) confirming the Presidential Proclamation of SM City Santa Rosa IT Center as an Information Technology Economic Zone. Proclamation No. 944, signed by...
Investment pledges in the country’s economic zones (ecozones) approved by the Philippine Economic Zone Authority (PEZA) have surged to more than ₱150 billion from January to September as investors continue to affirm their confidence in the country’s business landscape. The PEZA said on...
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 current flood control corruption scandal gripping the nation will pull down other countries’ level of interest in investing in the Philippines, Philippine Ambassador to Washington Jose Manuel “Babe” Romualdez. This admission came during a media interview about the trade relationship...
