Aboitiz InfraCapital (AIC) has cemented a deal with Global Electric Transport (GET) on its planned deployment of electric vehicle (EV) fleet for its Lima Estate in Batangas, an 800-hectare economic zone development that hosts export-oriented investors. In an announcement to the media, Rafael...
Various stakeholders of the Philippine Economic Zone Authority (PEZA) have endorsed to Malacanang Officer-in-charge (OIC) Deputy Director General Tereso O. Panga to stay on as leader of the agency that administers the country’s economic zones and their export-oriented locators. The endorsements...
The inclusion of ecozone development in the country’s Philippine Development Plan PDP 2023-2028 (PDP) is expected to boost the 10 percent growth target in investments set by the Philippine Economic Zone Authority (PEZA). In a statement, PEZA OIC Deputy Director General Tereso O. Panga said the...
San Miguel Corporation (SMC) President and Chief Executive Officer Ramon S. Ang said that if all the issues raised in President Ferdinand Marcos Jr.'s veto could be addressed, the full potential of the Bulacan Airport Economic Zone to generate over $200 billion in export revenues annually, could...
Lima EnerZone, the power distribution subsidiary of Aboitiz Power Corporation (AP) that supplies to Lima Estate in Batangas and its locators, had reinforced its utility network by doubling its capacity to 100 megawatts following the completion of the 69-kilovolt Batangas-Lima line 2. The company...
The wastewater treatment plant of Clark Water Corporation (CWC), a subsidiary of Manila Water Company, Inc., is facing closure after the Department of Environment and Natural Resources (DENR) threatened to not renew the company's Temporary Discharge Permit (TDP). In a statement, Clark Development...
Should economic zone-based business process outsourcing (BPO) companies implementing a work-from-home (WFH) scheme get tax incentives? The Department of Labor and Employment (DOLE) thinks so. (Photo from DOLE Facebook page) According to DOLE Secretary Silvestre Bello III, Information Technology and...
Economic zone locators and support providers have raised concerns on the continuity of their incentives as government agencies start to craft the implementing rules and regulations (IRR) of the Corporate Recovery and Tax Incentives for Enterprises (CREATE ) Law. An insider from one of...
The Philippine Economic Zone Authority (PEZA) is pushing for the inclusion of economic frontline workers among the A4 priority group in the government's mass vaccination program against the coronavirus disease (COVID-19). (Mark Balmores/ File Photo/ MANILA BULLETIN) “PEZA-registered companies,...
Despite the continuing movement restrictions, economic zones still operate at higher capacity and continued to employ over a million workers across the country. Philippine Economic Zone Authority (PEZA) Director General Charito B. Plaza said that during the modified enhanced community...
Malacanang has approved Philstar Marketing Development, Inc. as developer/operator of the first pharmaceutical special economic zone in the country called First Bulacan Business Park (FBBP) with a project cost of P570.586 million. President Rodrigo Duterte issued Proclamation No. 1070...
Yokowo Co., Ltd. has chosen the Philippines as location for its automotive wiring harness and components manufacturing and assembly operations after conducting due diligence spanning over 12 among ASEAN countries. In a statement, the Department of Trade and Industry said Yokowo plans to...
