The Philippine Economic Zone Authority (PEZA) remains upbeat on attracting investments despite mounting global uncertainties, positioning the Philippines as a stable hub for firms targeting both Western and fast-growing Asian markets.
PEZA Director General Tereso Panga said rising geopolitical tensions may dampen global economic activity but underscored the country’s enduring appeal.
Speaking at the Pandesal Forum on March 23, Panga said the Philippines can serve as a dual gateway—linking investors to the United States and Europe while providing access to the expanding Asia-Pacific region.
“We are aware of the potential global repercussions, especially if conflicts escalate. But this also presents opportunities,” Panga said.
PEZA is ramping up promotion efforts through outbound and inbound missions with partners, including ACG, to capitalize on shifting investment flows. A recent mission to Thailand yielded a prospective investor in stevia processing, eyeing a plantation and facility in the Philippines as part of a planned ASEAN expansion.
Panga added that PEZA continues to host delegations from across the globe, with firms exploring ecozone investments and broader Indo-Pacific expansion plans. He noted that supply chain disruptions are prompting some companies to relocate closer to emerging markets—creating an opening for the Philippines to attract new locators.
PEZA is pushing amendments to Republic Act No. 7916 to sustain the momentum to modernize operations and strengthen regulatory authority. The proposed measure has cleared second reading in the House of Representatives and is expected to move to the Senate.
Reforms will focus on ease of doing business, digitalization, and sustainability, without altering existing tax incentives. Panga said a more agile and empowered PEZA could draw higher-value industries and spur development beyond major urban centers, supporting its P300-billion investment target.
