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.
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.
Air passengers will get cheaper tickets from July 16 to 31, as the Civil Aeronautics Board (CAB) cuts fuel surcharges amid falling global jet fuel prices. Rates drop to Level 8 from the earlier Level 9, with domestic passenger surcharges at ₱253 to ₱787, and international rates at ₱835.05 to ₱6,208.98. Cargo fees will range from ₱1.30 to ₱3.80 per kg domestically and ₱4.29 to ₱131.92 per kg internationally.
Manulife Philippines has appointed Erwin Go as chief corporate solutions and alternative distribution officer, and he will join the company’s executive committee. Go will lead strategy for group insurance, partnerships, and new distribution channels as the firm expands growth options and improves experiences for clients and partners.
P&A Grant Thornton has launched its latest office in Clark Freeport Zone, Pampanga, extending its professional services to businesses across Central Luzon and supporting the region’s ongoing economic growth.
Vitarich Corp. is sharpening its long-term growth strategy after delivering stronger profitability in 2025, with the integrated poultry and animal nutrition company using organizational reforms to position itself for sustained expansion in the Philippine agribusiness sector.