An Australian based thermal coding company said it has ramped up investments to P4.4 billion for the establishment of the first thermal coding plant and back office services in the Philippines calling the country a “very well-kept secret” that it’s about time to start telling investors....
State-run Land Bank of the Philippines (LandBank) is set to release P4.3 billion worth of loans to six local government units (LGUs) for the sole purpose of buying palay directly from farmers during this harvest season. In a statement, LandBank said yesterday that it recently made loan approvals...
The Philippine electronics industry suffered an estimated $4 billion loss as of August this year mainly due to the massive supply chain disruption during the pandemic, according to the Semiconductors and Electronics Industries in the Philippines Foundation Inc. (SEIPI). SEIPI President Dan Lachica...
The National Economic and Development Authority (NEDA) said registered business enterprises (RBEs) located in the economic zones of various investment promotion agencies (IPAs) led by the Philippine Economic Zone Authority (PEZA) have strong contributions to the domestic economy in terms of...
As Senate continues to debate on the Corporate Recovery and Tax Incentives for Enterprises (CREATE) bill emotionally, two big electronics companies are shutting down operations because of uncompetitive business environment, according to the Semiconductor and Electronics Industries in the...
Registered business enterprises (RBEs) of the Philippine Economic Zone Authority (PEZA) accounted for 94.5 percent of all exports of the country and also received most of the tax incentives of between P42.5 billion to P50.3 billion each year from 2016-2018, according to a cost benefit analysis...
Majority or 91 percent of manufacturing firms and 77 percent of IT-BPOs operating in the various economic zones nationwide are back to their operations enabling more than 1.181 million employees to go back to work again after 6 months of work disruption. Philippine Economic Zone Authority Director...
Islamic banks and Muslim investors have expressed strong interest to invest in the Philippines for halal food production once the Philippine Economic Zone Authority (PEZA) has established these specialized economic zones. PEZA Director-General Charito B. Plaza (Photo credit from Corporate...
