Trade & Investments

Paraguay is seeking to strengthen trade, investment, and diplomatic ties with the Philippines and the broader Southeast Asian region, President Santiago Peña said Monday during the signing of key bilateral agreements.

The Philippine Economic Zone Authority (PEZA) is optimistic about a surge in Japanese investments in the Philippines following high-level business engagements in Japan from April 27 to May 1.

Investment approvals at the Philippine Economic Zone Authority (PEZA) skyrocketed in April, jumping to P63.9 billion from just P4.6 billion in the same month last year. The surge was driven by 26 newly approved projects, signaling strong investor confidence in the country’s economic zones.

President Ferdinand Marcos Jr. highlighted at the close of the 48th Association of Southeast Asian Nations Summit on Friday in Cebu the bloc’s new focus on energy security, food resilience, and protection of nationals amid ongoing global crises.

The Mindanao Development Authority (MinDA) is fast-tracking key infrastructure initiatives in Mindanao, including the 428-kilometer Mindanao Transport Connectivity Improvement Project and the long-delayed Mindanao Railway Project, through public-private partnerships (PPP).