A P500-million wellness manufacturing facility is set to rise in Tarlac, as Goodfield International Trading Corp. invests in the country’s first pharmaceutical economic zone, the Philippine Economic Zone Authority (PEZA) said Tuesday.
Taiwanese manufacturers of electric vehicle (EV) buses are exploring plans to establish a production facility in the Philippines, with a potential capital outlay of about USD25 million, the Philippine Economic Zone Authority (PEZA) said.
Singapore-based Total Advanced Future Technology Pte. Ltd. (TAFT) is set to invest P3.6 billion in a new manufacturing facility at the Light Industry and Science Park IV (LISP IV), a move expected to accelerate the Philippines’ push to attract high-value, export-oriented industries.
The Philippine Economic Zone Authority (PEZA) has approved an amendment to the supplemental agreement of B/E Aerospace B.V. – Philippine Branch, a move seen to improve efficiency and ensure continuity in the firm’s export-oriented operations.
The planned expansion of Tong Hsing Electronics Phils., Inc. in Laguna is set to strengthen the Philippines’ position in the global electronics value chain, according to the Philippine Economic Zone Authority (PEZA).
The Department of Agriculture (Philippines) and Bureau of Fisheries and Aquatic Resources have signed new agreements with Papua New Guinea and the Marshall Islands to strengthen cooperation in the fisheries sector.
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).