The Philippine Economic Zone Authority (PEZA) recorded P12.1 billion investments in the first two months of 2024, which is 19 percent higher than P10.2 billion logged in the same period last year. In January and February, the agency approved P2.21 billion and P10.9 billion investments respectively....
The first economic zone within the prison reservations of the Bureau of Corrections (BuCor) will be set up at the Iwahig Prison and Penal Farm (IPPF) in Puerto Princesa, Palawan. IPPF has more than 45,000 hectares of land divided into four zones or districts. It was set up in early 1900. The...
Foreign investments approved by Department of Trade and Industry’s (DTI) investment promotion agencies since the start of the administration of President Marcos has reached P1.4 trillion, Trade and Industry Secretary Alfredo Pascual said. Trade and Industry Secretary Alfredo Pascual (Photo from...
President Ferdinand "Bongbong" Marcos Jr. has designated several parcels of land in Maasim, Sarangani province for inclusion in the existing Kamanga Agro-Industrial Economic Zone. President Ferdinand 'Bongbong' Marcos Jr. (Photo courtesy of Malacañang) It will be implemented through Proclamation...
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...
Committed investments approved by the Philippine Economic Zone Authority (PEZA) jumped 332.05 percent in the first seven months of the year to P97.163 billion from only P22.489 billion investments approved in the same period in 2022 on more Malacanang proclamations of special economic zones. ...
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 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...
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’...
