The Philippine Economic Zone Authority (PEZA) has secured another investment for the country’s expanding digital economy, signing a registration agreement with Industry Shared Services Centre Inc. for an P83-million information technology project in Davao City that is expected to generate more than 290 direct jobs.
The agreement, signed on June 30 by PEZA Director General Tereso O. Panga and Industry Shared Services Centre Corporate Secretary Jeffrey B. Sarabusing, formally registers the company as a new IT enterprise under the investment promotion agency. Joining the signing were PEZA Deputy Director General for Operations Vivian S. Santos and Bryan Dela Rosa.
The company will establish operations at Matina IT Park along McArthur Highway in Davao City, where it will provide export-oriented data processing services, including data entry, verification, updating and maintenance of customer, shipment, financial and operational records sourced from internal systems, clients and authorized third parties.
While the services focus on processing and maintaining business information rather than analytical work, the project reinforces the Philippines’ position as a competitive destination for global IT-enabled and business process services.
The investment also reflects PEZA’s broader strategy of steering more technology investments beyond Metro Manila to strengthen regional digital hubs and spread economic opportunities across the country. For Davao, the project brings fresh capital, quality employment and another boost to its growing reputation as an emerging IT-BPM center in Mindanao.
Beyond the P83-million investment, the project is expected to deepen the country’s digital services ecosystem by creating skilled jobs and supporting export revenues from the fast-growing IT-BPM sector.
As companies continue to diversify their global service delivery locations, PEZA is positioning regional economic zones as attractive alternatives to traditional business districts, leveraging the country’s skilled workforce, competitive operating environment and expanding digital infrastructure to capture the next wave of IT investments.
