The Philippine Economic Zone Authority (PEZA) welcomed a recent policy shift by the Bureau of Customs (BOC) exempting qualified exporters from the Electronic Tracking of Containerized Cargo (E-TRACC) system, saying the move will reduce costs and streamline cargo flows.
The Philippine Economic Zone Authority is stepping up efforts to draw manufacturing investments in traditional hubs, pitching a proposed ecozone in Albay as a potential expansion site for Atlantic, Gulf & Pacific Co.
Dream Precision Tech Corporation has registered as an ecozone export enterprise with the Philippine Economic Zone Authority (PEZA), with operations to be located at the Lima Technology Center – Special Economic Zone.
The IT and Business Process Association of the Philippines (IBPAP) welcomed the government’s approval of expanded work-from-home flexibility for registered business enterprises, saying the move offers immediate operational relief to companies and workers grappling with rising costs.
Approved investments by the Philippine Economic Zone Authority (PEZA) fell 23 percent in the first quarter to P45.53 billion, down from P58.95 billion a year earlier, as global uncertainties tempered capital commitments.
The Philippines showcased significant progress in legal and regulatory reforms during the Luzon Economic Corridor (LEC) Steering Committee meeting on May 12, highlighting efforts to create a transparent, competitive, and investment-friendly business environment.
Philippine seafood exporters secured about P31.68 billion in booked and negotiated sales during the 32nd Seafood Expo Global in Barcelona, Spain, according to the Department of Agriculture (DA).
The power grids in Luzon and Visayas were placed under yellow and red alerts on Wednesday after several power plants went offline and electricity demand surged.