The Philippine Economic Zone Authority (PEZA) has approved three new big-ticket Japanese projects worth P20.591 billion, bringing total Japanese investments in the country to P766.55 billion and generating 340,601 direct jobs for Filipinos. Fresh from his outbound mission to Japan last July 16-22,...
The Philippine Economic Zone Authority (PEZA) has further streamlined processes and requirements for the Presidential Proclamation of approved economic zone development projects. Tereso O. Panga PEZA Director General Tereso O. Panga said that the PEZA Board was approved on June 23, 2023 Resolution...
The Philippine Economic Zone Authority (PEZA) is further streamlining its requirements to speed up the presidential proclamation process for ecozone developments as 27 big ticket projects worth more than P40 billion are getting ready to offer locations to investors. PEZA Director General Tereso O....
Investors in the Cebu economic zones have poured in a total of P275.315 billion, churned out $5.9 billion in annual average exports and provided 232,076 direct employment to Cebuanos to date, Philippine Economic Zone Authority (PEZA) Director General Tereso O. Panga reported. “Our Cebu locators’...
The Philippine Economic Zone Authority (PEZA) Board has greenlighted 20 new and expansion projects in May worth P14.933 billion, keeping it on track with its conservative 10 percent growth target for the year. PEZA Director General Tereso O. Panga reported that the investment pledges in May brought...
Catanduanes State University (CatSU) is establishing two economic zones -- Knowledge, Innovation, Science and Technology (KIST) Park and Agro-Industrial Processing Zone – the first of its kind in the Bicol region with investments of P1.55 billion, the Philippine Economic Zone Authority (PEZA)...
The President signed Proclamation No. 200 on April 14 promulgating a new IT park ecozone at Lacson Street in Banago, Bacolod City to be known as Robinsons Cyberpark Bacolod, with investment of P777.350 million. The President likewise approved Proclamation No. 402 last 19 April, designating several...
Senator Ronald "Bato" dela Rosa (Senate PRIB) The Senate Public Order and Dangerous Drugs Committee has recommended the operation of Philippine Offshore Gaming Operators (POGOs) in a controlled area similar to economic zones. Senator Ronald ‘’Bato’’ dela Rosa, committee chairman, said he...
The Philippine Economic Zone Authority (PEZA) board has approved a total of P9.6 billion worth of investments, including two IT park development projects. PEZA OIC Deputy Director General Tereso O. Panga said the board approved the investments during a meeting presided for the first time by Trade...
Senator Joel Villanueva has sought congressional passage of his bill allowing businesses registered in investment promotion agencies to adopt a work-from-home (WFH) arrangement for their employees while maintaining their tax and fiscal incentives. The grace period for companies in the Information...
The Philippine Economic Zone Authority (PEZA) has partnered with the Civil Aviation Authority of the Philippines (CAAP) for the establishment of aerotropolis ecozones and aerotropolis-linked ecozones in the country. PEZA Director General Charito Plaza and CAAP Director General Capt. Jim Sydiongco...
Power utility giant Manila Electric Company (Meralco) has cemented a partnership with the Philippine Economic Zone Authority (PEZA) so they can work together on fast-tracking the electricity service connections of business locators in economic zones. According to Meralco, the tie-up is crucial in...
