Exporters and the Philippine Economic Zone Authority (PEZA) said the revised rules on value added tax (VAT) zero rating on the local purchases of goods and services of exporters are expected to boost investor confidence in the country. PEZA Director General Tereso O. Panga said following the release...
A total of 1,370 IT business process management (ITBPM) firms with combined investments of P8.185 billion have transferred their registration to the Board of Investments (BOI) from other investment promotion agencies (IPAs) to continue enjoying fiscal perks even if they operate under the...
The President signed Proclamation No. 200 on April 14 promulgating a new IT park ecozone at Lacson Street in Banago, Bacolod City to be known as Robinsons Cyberpark Bacolod, with investment of P777.350 million. The President likewise approved Proclamation No. 402 last 19 April, designating several...
The healthcare information and management services (HIMS), the fastest growing segment in the IT-business process management (IT-BPM) industry, is eyeing a bigger pie in the $406 billion US healthcare services market to boost its growth. Philippine Economic Zone Authority (PEZA).Director General...
Tereso O. Panga, the newly appointed Director General of the Philippine Economic Zone Authority (PEZA), has outlined six priorities he committed the agency will pursue to promote more export-oriented investments in the economic zones. In his first State of the PEZA Address (SOPA) to its employees at...
The IT-Business Process Association of the Philippines (IBPAP), the umbrella group of IT and business process management firms operating in the country, has raised alarm bells on what it calls “severe talent crisis” in the country. IBPAP President Jack O. Madrid raised the “talent crisis”...
Senate President Juan Miguel F. Zubiri attended the signing of a lease agreement between Envirotech Vehicles, Inc. (EVT) and real estate developer Berthaphil, Inc., to cement EVT’s move to establish a manufacturing facility at the Clark Freeport Zone. EVT is a United States-based transportation...
President Ferdinand "Bongbong" Marcos Jr. has ordered the establishment of the Philippine Heart Center (PHC) Annex in the Clark Freeport Zone in Pampanga. Marcos gave the directive through [Executive Order (EO) No. 19](https://pco.gov.ph/wp-content/uploads/2023/03/20230308-EO-19-FRM.pdf) which he...
The recent “provocative and unsafe” behavior of the Chinese Coast Guard against the Philippine Coast Guard (PCG) in the contested waters of the South China Sea, in an area that’s part of Manila’s exclusive economic zone (EEZ) and continental shelf, could prompt the US to its invoke a...
The House Committee on Economic Affairs on Tuesday, Feb. 7, began its initial deliberation on the proposed Blue Economy Act that seeks to establish a framework to sustainably develop, manage, and protect the Philippines’ marine and water resources. A file photo of Scarborough Shoal taken during...
The new leadership at the Cagayan Economic Zone Authority (CEZA), which administers the Cagayan Special Economic Zone and Freeport (CSEZFP), is looking at new investment potentials in agriculture, manufacturing and logistics to diversify its current investment portfolio beyond interactive gaming...
The Department of Public Works and Highways (DPWH) has completed the construction of a new three-storey multi-purpose building (MPB) at the Freeport Area of Bataan(FAB) in Mariveles town. In a statement, DPWH Regional Office 3 Director Roseller A. Tolentino said the structure implemented by the...
