Thailand is looking more closely at the Philippines’ emerging investment landscape, with the Luzon Economic Corridor (LEC) drawing interest as a potential gateway for deeper economic cooperation between the two countries. That was the focus of a recent visit by Thailand’s Ambassador Dr....
Apexford International Corp. signed a registration agreement with the Philippine Economic Zone Authority (PEZA) on Monday, July 6, marking the logistics newcomer’s official entry into the country’s tax-incentivized economic zones. The agreement, signed by PEZA Director General Tereso O. Panga...
The Philippines’ progression to upper-middle income country (UMIC) status must push the government to commit to reforms that improve the ease of doing business in the country and encourage investment inflows, according to the Philippine Economic Zone Authority (PEZA). In a social media post, PEZA...
Canada has formally joined the Luzon Economic Corridor (LEC) with an initial investment pledge of CA$2 million, as President Marcos on Sunday, July 5 (Manila time), declared his official visit a success that opened a "new chapter" in Philippines-Canada relations. Speaking before the Philippine...
Business process outsourcing (BPO) firms are increasingly expanding beyond Metro Manila into key provincial cities as rising costs, congestion, and limited office space in the capital reshape the country’s office market as well as commercial real estate landscape, according to property...
Casino operator Hann Philippines Inc. (HPI) has secured government incentives for its flagship Hann Reserve project, backed by an initial investment of at least ₱10 billion, according to the Philippine Economic Zone Authority (PEZA). In a statement on Wednesday, July 1, PEZA said it signed a...
For decades, conventional urban planning in the Philippines operated under a simple, speculative assumption: build the houses, and the people will discover a way to live there. This "housing-first" model treats residential spaces as standalone products. However, the structural realities of the...
While the Philippine tax effort—tax collections as a share of gross domestic product (GDP)—stood below the Asia-Pacific (APAC) average, the country outpaced most of its Southeast Asian peers. According to the Paris-based Organisation for Economic Co-operation and Development’s (OECD) Revenue...
The Philippines is expected to maintain its position as the world’s second-largest exporter of pineapples over the next decade on the back of rising demand from China, according to two international organizations. In a joint report published on Monday afternoon, June 29, the Organization for...
British banking giant HSBC expects the Bangko Sentral ng Pilipinas (BSP) to raise interest rates by another 75 basis points (bps) following its recent hikes as inflation is projected to significantly overshoot the target ceiling this year, while economic growth remains dampened. “Higher oil...
Investment pledges registered with the Philippine Economic Zone Authority (PEZA) nearly doubled to more than ₱140 billion from January to June compared with a year ago, as the country’s ecozone system continues to attract investors despite uncertainties in global supply chains. In a statement...
The Philippine Economic Zone Authority (PEZA) will formally ask President Marcos to lift the seven-year moratorium on the establishment of ecozones in Metro Manila, a move expected to encourage more investments in the information technology and business process management (IT-BPM) sector. PEZA...
