BDO Unibank Inc. (BDO) has signed a memorandum of understanding (MoU) with the Philippine Economic Zone Authority (PEZA) to accelerate foreign investments and stimulate economic growth in the country. The partnership aims to enhance opportunities for global businesses seeking to establish or expand operations in the Philippines, leveraging PEZA’s management of over 400 economic zones across sectors such as manufacturing, IT-BPM, logistics, and agro-industry.
PEZA, known for offering tax incentives, business registration streamlining, and high-quality infrastructure, will collaborate with BDO, which brings its financial expertise and extensive international network to the table. “This partnership highlights our shared vision of positioning the Philippines as a prime investment hub,” said Charles M. Rodriguez, BDO executive vice president.
With over 1,200 branches nationwide, including those within or near PEZA zones, BDO will ensure that foreign investors have access to a wide range of financial services to support their business needs. Both companies also aim to leverage the newly implemented CREATE MORE Law to further attract foreign direct investments.
