Committed investments approved by the Philippine Economic Zone Authority (PEZA) jumped 103 percent to P140.7 billion as of December this year exceeding the agency’s 6-7 percent growth forecast for 2022 and surpassing the amount of investments registered before the pandemic. PEZA OIC Deputy...
Before the day ended on Wednesday, Dec. 14, Trade and Industry Secretary Alfredo E. Pascual issued his third department order (DO) for the day, as he sought to clarify the leadership position at the Philippine Economic Zone Authority, but only muddled the issue some more. DO 22-116, Series of 2022,...
Confusion reigned again over the leadership at the Philippine Economic Zone Authority (PEZA). Early on Wednesday, Dec. 14, designated PEZA OIC Deputy Director General Tereso O. Panga forwarded his message to PEZA personnel to beat reporters informing them of his replacement. “The Secretary (DTI...
The Philippine Economic Zone Authority has approved a total of P57.048 billion in committed investments in the January-November period this year or 11 percent lower than the P64.463 billion approvals in the same period last year. PEZA OIC Deputy Director General Tereso O. Panga noted that the...
The Filipino-Chinese business community has thrown strong support behind Trade and Industry Secretary Alfredo E. Pascual, who is facing opposition on his confirmation at the Commission on Appointments. In a statement, the Federation of Filipino-Chinese Chambers of Commerce and Industry Inc....
The Philippine Economic Zone Authority (PEZA) Employees Association (PEZAEA) has thrown its steadfast support behind OIC Deputy Director General Tereso O. Panga, stating the reforms instituted by Panga are “well received by the employees.” The PEZAEA issued this statement amid controversy...
Trade Secretary Alfredo Pascual said he will investigate and address the complaints of some employees at the Philippine Economic Zone Authority, (PEZA) whose services were allegedly unfairly terminated, placed on floating status, or demoted. During his confirmation hearing at the Commission on...
The Philippine Economic Zone Authority (PEZA) has recognized the valuable contributions of its registered business enterprises (RBEs) and ecozone developers as the country is gearing towards full economic recovery. During its annual Investors' Recognition Day on 25 November 2022, PEZA awarded 33...
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...
The Philippine Economic Zone Authority (PEZA) and Nigeria Export Processing Zones Authority (NEPZA) signed a Memorandum of Understanding (MOU) to promote economic cooperation and investment opportunities in their respective special economic zones. PEZA OIC Deputy Director General for Operations...
Two Japanese firms Junca Global Partner Inc., a pioneering technology firm in Japan’s biotech industry, and Kurabe Industrial have signed investment partnerships with the Philippine Economic Zone Authority (PEZA) for their planned “huge” investment in the country. Tereso O. Panga, PEZA OIC...
Australian investors engaged in shipbuilding, business process outsourcing, call center, software development, engineering, architectural, and other design services have poured in P14.632 billion worth of investments, generating $351.944 million in exports, and created 43,033 direct jobs. This was...
