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.
Rising global oil prices, fueled in part by Middle East tensions, are increasingly pressuring export-oriented firms. The Philippine Economic Zone Authority (PEZA) is acting to shield its locators by boosting logistics efficiency within ecozones, Director General Tereso Panga said.
Mactan Electric Co., Inc. (MECO) has energized a 3–20 MVA, 13.8-kilovolt mobile substation at the Mactan Economic Zone, boosting reliability and marking a key step in the zone’s green infrastructure push.
The Philippine Economic Zone Authority (PEZA) is ramping up its European investment drive, courting Polish firms eyeing opportunities in maritime and industrial sectors within its economic zones.
A Thai stevia processing company is studying a potential USD30-million investment in the Philippines, signaling growing investor interest in the country’s role in the fast-expanding natural sweetener market.
If artificial intelligence has spent the last two years as corporate theater with lavish pilots and cautious applause, then Cisco and NVIDIA are now selling the stage itself.
Several things have changed over the past month. The global economy is now poised to face another severe slowdown and rising inflation as a result of the Middle East conflict. While the impact on countries may differ in magnitude, the oil supply shock will squeeze economic activity and raise prices significantly.
Grab Philippines is accelerating its shift to eco-mobility, expanding the rollout of its GrabTaxi Electric service as electric vehicle (EV) adoption gains momentum across the country.
Shopee is expanding its Tatak Pinoy MSME Roadshow across more provinces in the Visayas and Mindanao, scaling up a nationwide push to deliver digital skills training to underserved entrepreneurs.