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.
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).