Tag: PEZA

United Parcel Service is expanding its Clark operations, providing Philippine Economic Zone Authority locators with another logistics option as the government develops Clark as a major gateway for trade and investment outside Metro Manila.

President Ferdinand R. Marcos Jr. has declared the Aboitiz Group's Biz Hub at Lima Estate in Lipa City, Batangas as a special economic zone, paving the way for the mixed-use development to attract more information technology and business process management (IT-BPM) investments outside Metro Manila.

The Philippine Economic Zone Authority (PEZA) and Oman's Public Authority for Special Economic Zones and Free Zones (OPAZ) have identified four priority industries for deeper investment cooperation, as both countries seek to strengthen trade and position their economic zones as complementary gateways to regional markets.

Real estate developers are poised to tap a larger market of multinational tenants after the government lifted the seven-year moratorium on new Information Technology (IT) Parks and IT Centers in Metro Manila, although they will not receive fresh tax incentives under the policy.

At least five major office developments, including projects of Ayala Land Inc. and companies under the Yuchengco Group, are set to move closer to securing PEZA incentives after the government lifted the seven-year moratorium on new Information Technology (IT) Parks and IT Centers in Metro Manila.