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...
Representatives from the Philippine government’s top energy regulatory agencies and key private sector players are set to discuss the challenges facing the country’s power sector at the second energy forum of the Economic Journalists Association of the Philippines (EJAP) on Sept. 11. The EJAP...
Amid allegations of massive corruption in the country’s infrastructure development projects, a visiting official from the United States underscored the need to ensure that its foreign aid to the Philippines will be spent with integrity. Principal Deputy Assistant Secretary of State for East Asian...
The Philippines is on the verge of achieving universal electricity access despite challenges in its shift toward renewable energy (RE) sources, according to the United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP). “Countries like Indonesia, Fiji, and the Philippines...
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...
Senator Francis “Kiko” Pangilinan on Monday, September 1 pushed for the full implementation of the Anti-Agricultural Economic Sabotage Act saying the continuous failure to uphold the law undermines the country’s food security and emboldens criminal networks to profit at the expense of the...
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)...
Even amid its war with Russia, Ukraine is open to do business with the Philippines as the two countries prepare to create a joint trade commission to enhance economic cooperation, Ukrainian Ambassador to Manila Yuliia Fediv said. The envoy led the Special Forum on Ukraine–Philippines Landscape...
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...
