The Marcos administration has proclaimed four new economic zones (ecozones) and expansions during the first half of the year, signaling the government’s ongoing drive to facilitate investments outside the country’s urban centers. During the period, President Marcos approved two expansion...
The Economic Journalists Association of the Philippines (EJAP), the country’s premier organization of business journalists, announced it will hold its annual Infrastructure Forum on Monday, June 16, at the Fairmont Hotel in Makati City. The forum, themed “Government Infrastructure Program:...
The Philippine Economic Zone Authority (PEZA) said it has signed a registration agreement with agricultural products supplier Superseed Agriculture Corp. (SAC) for the company’s manufacturing facility in Laguna. The agreement, which recognized SAC as an ecozone domestic market enterprise, was...
LIMA Infrastructure Inc., a subsidiary of Aboitiz InfraCapital Economic Estates, has been named as the government’s newest investment promotion partner, tasked with driving fresh investments into the country. In a statement, the Philippine Economic Zone Authority (PEZA) announced that it had...
The Philippine government has named the leading business chamber of Dongguan, China, as its newest investment promotion partner, signaling strengthened economic integration between the two countries. In a statement, the Philippine Economic Zone Authority (PEZA) said its top official, Director...
After a disappointing 5.7-percent gross domestic product (GDP) growth rate last year, the Philippines is expected to post an even slower growth rate of 5.6 percent for 2025, which would once again fail to reach the government’s growth target of six to eight percent. Growth would only accelerate...
The Philippines and Canada have officially assumed co-chairmanship of the Organization for Economic Cooperation and Development’s (OECD) Southeast Asia Regional Program (SEARP), succeeding Vietnam and Australia during the OECD ministerial council meeting held in Paris, France. In a statement on...
The Philippine Economic Zone Authority (PEZA) has officially approved the country’s largest economic zone (ecozone) to date, which will rise within Iwahig Prison and Penal Farm in Puerto Princesa City, Palawan. In a statement, PEZA said its board of directors gave the greenlight to the Palawan...
Year-to-date investments approved by the Philippine Economic Zone Authority (PEZA) continue to trend upward compared to the previous year, but uncertainties stemming from the United States ' (US) tariff policy are dampening foreign investor interest. In a statement, PEZA said it has approved...
Economic advocacy group Action for Economic Reforms (AER) backs the Department of Finance’s (DOF) stance to retain Philippine Health Insurance Corp.’s (Philhealth) five-percent premium rate, warning that any reduction would have catastrophic consequences for the country’s health financing...
The Philippines’ first free trade agreement (FTA) with a Middle Eastern country is expected to be signed next month with the United Arab Emirates (UAE), which will likely set the stage for more substantial investments from sovereign wealth funds. In a business forum hosted by the Dubai Chamber of...
The Philippine Economic Zone Authority (PEZA) is looking to obtain the global eco-industrial park (EIP) certification, signaling the agency’s intention to position the country as an attractive investment destination for green companies. In a social media post, PEZA Director General Tereso Panga...
