German investments in the country reached P42.865 billion with more than 21,000 direct jobs created, the Philippine Economic Zone Authority (PEZA) reported. PEZA Director General Tereso Panga and GPCCI President Stefan Schmitz (middle) with other PEZA and GPCCI officials PEZA Director General...
The Philippine Economic Zone Authority (PEZA) has partnered with NetGlobal Solutions Inc. (NGSI) for the establishment of a digital marketplace, the first business-to-business (B2B) e-commerce unified platform for PEZA locators. Director General Tereso O. Panga and NGSI Chairman and CEO, Peter G....
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...
Eight big-ticket economic zone development projects with combined investments of P33.002 billion approved by the Philippine Economic Zone Authority (PEZA) in the first half this year are set for final approval by the Fiscal Incentives Review Board (FIRB) for incentive of tax incentives. In a...
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) expects a softening up by the Fiscal Incentives Review Board (FIRB) on its position on the work-from-home (WFH) policy for IT-business process management (IT-BPMs) firms registered with the agency. PEZA Director General Tereso O. Panga said that its plea...
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)...
Japanese firms urged the Philippine government to speed up the process of approving ecozone proclamation to be able to provide ready to occupy factory sites in light of the increasing number of Japanese firms expanding in the country. Philippine Economic Zone Authority (PEZA) Tereso O. Panga, who...
Committed investments registered with the Philippine Economic Zone Authority (PEZA) in April this year reached P20.566 billion, jumping by 162.37 percent from P7.834 billion in April 2022, and bringing total investments in the first four months to P33.094 billion, or 107.15 percent higher versus...
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...
Economist-Congressman Joey Salceda only has good things to say about the permanent appointment of Tereso Panga as director-general of the Philippine Economic Zone Authority (PEZA). Salceda went as far to say that the move "will help stabilize investor sentiment". "Moving forward, I expect to...
