TOKYO (Jiji Press)--Japan 's Defense Ministry said Tuesday it has confirmed that the Chinese navy conducted firing exercises within Japan 's exclusive economic zone on Sunday. It was the first time that the ministry had publicly acknowledged such a drill by the Chinese military in Japan...
The Aurora Pacific Economic Zone and Freeport Authority (APECO) is in talks with one of the country’s largest power utilities to secure the electricity required to attract investments in data centers. APECO President and Chief Executive Officer (CEO) Gil Taway IV said he is in advanced...
Aurora Pacific Economic Zone and Freeport Authority (APECO) is proposing the development of a railway project across Luzon that would provide a direct link between the Casiguran, Aurora province-based ecozone and the Luzon Economic Corridor (LEC). APECO President and Chief Executive Officer (CEO)...
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...
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...
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...
Monde MY San Corp. (MMYSC), a subsidiary of food and beverage giant Monde Nissin Corp., is spending more than ₱5 billion to build a new manufacturing facility for its iconic SkyFlakes brand. In a statement, the Philippine Economic Zone Authority (PEZA) said it signed a registration agreement with...
The Philippine Economic Zone Authority (PEZA) is banking on the government’s newly issued investment framework to drive renewable energy (RE) investments into the country’s ecozone system. On the sidelines of the PhilEnergy expo, PEZA Director General Tereso Panga said the investment promotion...
The country’s largest business group and investment promotion agencies (IPAs) expect the government’s new investment promotion framework to encourage the entry of capital aligned with global growth trends, such as artificial intelligence (AI). Management Association of the Philippines (MAP)...
