Davao Region is emerging as a springboard for greater trade and investment into the country, a growing hub for business, logistics, and tourism, according to the Philippine Economic Zone Authority (PEZA). In a statement, PEZA said the region—which consists of five provinces all bearing the name...
Multinational biopharmaceutical giant AstraZeneca is poised to invest more than ₱7 billion over the next three years as part of its commitment to advance scientific innovation in the Philippines’ healthcare system, including the establishment of the country’s first health innovation hub....
The Philippine Economic Zone Authority (PEZA) has named Tokyo-based Mizuho Bank as the country’s latest investment promotion partner, a move to seen to boost Japanese investments into the country. PEZA Director General Tereso Panga said he has formalized this partnership through the signing of a...
Aboitiz Power Corp. (AboitizPower) announced that a subsidiary of its Therma Power Inc. will construct a battery energy storage system (BESS) in Cebu, which will be slated for commissioning by next year. In a statement, AboitizPower said Therma Power’s East Asia Utilities Corp. (EAUC) will soon...
The Philippine Economic Zone Authority (PEZA) said it has signed a registration agreement with agricultural products supplier Superseed Agriculture Corp. (SAC) for the company’s manufacturing facility in Laguna. The agreement, which recognized SAC as an ecozone domestic market enterprise, was...
LIMA Infrastructure Inc., a subsidiary of Aboitiz InfraCapital Economic Estates, has been named as the government’s newest investment promotion partner, tasked with driving fresh investments into the country. In a statement, the Philippine Economic Zone Authority (PEZA) announced that it had...
Year-to-date investments approved by the Philippine Economic Zone Authority (PEZA) continue to trend upward compared to the previous year, but uncertainties stemming from the United States ' (US) tariff policy are dampening foreign investor interest. In a statement, PEZA said it has approved...
The Philippine Economic Zone Authority (PEZA) is teaming up with Japan-based sustainability solutions provider Zeroboard Inc. to promote decarbonization in its economic zones. In a social media post, PEZA said it has entered into a memorandum of understanding (MOU) with Zeroboard. The agreement...
The Philippine Economic Zone Authority (PEZA) has partnered with CTBC Bank (Philippines) Corp. to promote the Philippines as an attractive investment destination. In a statement, the investment promotion agency (IPA) said PEZA Director General Tereso Panga and CTBC Bank President and Chief...
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...
Malacanang has ruled that Assistant Director General Tereso O. Panga will remain as officer-in-charge of the Philippine Economic Zone Authority (PEZA) until a new leader is appointed by the President. In a Malacanang directive issued on Jan. 23, 2023, Executive Secretary Lucas P. Bersamin said...
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...
