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 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.
Universal Health Care may be crafted in policy halls, but its success will ultimately be determined in barangays, clinics and communities where patients seek care every day.
The Philippines is casting a wider investment net in Spain, with a recent mission to the Basque Country uncovering fresh opportunities in maritime industries, clean energy, and biotechnology.