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...
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) 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 Philippine Healthcare Information Management Services (HIMS) sector reported that it generated $85.9 million in closed deals and future contracts at the recent roadshows in the US, according to the Department of Trade and Industry (DTI). The domestic HIMS sector reported the results of their...
The Philippine Economic Zone Authority (PEZA) said a total of 93 British firms have registered with the agency with combined investments of P185.947 billion to date, providing jobs to 88,108 to Filipinos. PEZA Director General Tereso O. Panga also said that the British investments figure spanned...
Exporters and the Philippine Economic Zone Authority (PEZA) said the revised rules on value added tax (VAT) zero rating on the local purchases of goods and services of exporters are expected to boost investor confidence in the country. PEZA Director General Tereso O. Panga said following the release...
