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...
The Fiscal Incentives Review Board (FIRB) has extended until Jan. 31, 2023 the deadline for the transfer of registration of Information Technology and Business Process Management (IT-BPM) firms from the Philippine Economic Zone Authority (PEZA) to the Board of Investments (BOI). FIRB announced...
The Department of Science and Technology (DOST), had a unique opportunity to show off its technologies that are at par with other global creations during the Consumer Electronics Show (CES) 2023 in Las Vegas, Nevada, and Business Mission in Silicon Valley, San Francisco, California from January 5...
Various stakeholders of the Philippine Economic Zone Authority (PEZA) have endorsed to Malacanang Officer-in-charge (OIC) Deputy Director General Tereso O. Panga to stay on as leader of the agency that administers the country’s economic zones and their export-oriented locators. The endorsements...
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,...
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 Bangsamoro Autonomous Region in Muslim Mindanao (BARMM) Economic Zone Authority (BEZA) is seeking to establish more economic zones, especially for Halal hubs in the region, which is composed of six provinces and three cities. Philippine Economic Zone Authority (PEZA) Deputy Director General...
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....
