Tag: Economic Zones
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PEZA Anticipates Surge in Investors Following CREATE MORE IRR Signing
The Philippine Economic Zone Authority (PEZA), led by Director General Tereso Panga, is poised to attract a greater number of investors to its economic zones nationwide after the recent signing of the implementing rules and regulations (IRR) for the Corporate Recovery and Tax Incentives for Enterprises to Maximize Opportunities for Reinvigorating the Economy (CREATE MORE)…
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Philippine Corrections Chief Proposes Transforming Prisons into Economic Hubs
In a significant shift in policy, Gregorio Pio Catapang Jr., the Director General of the Bureau of Corrections (BuCor), has announced plans to convert traditional prison facilities into economically productive zones. This proposal was highlighted during the ASEAN Regional Correctional Conference (ARCC) 2025 held in Puerto Princesa City, Palawan. Catapang emphasized a move from large-scale…
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Philippine Economic Zone Authority Welcomes 20 Japanese Factories Seeking Investment Opportunities
The Philippine Economic Zone Authority (PEZA) recently hosted a delegation from Okayama, Japan, as part of an initiative to explore business prospects within the Philippines. This mission, which involved 20 manufacturing companies, was co-organized by the Philippine Trade and Investment Center-Osaka, aiming to enhance economic relations between Manila and Tokyo. During the visit, these firms…
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Ilocos Norte Plans to Transform Government Properties into Economic Hubs
In a strategic move to boost economic growth, Ilocos Norte is considering converting several government-owned properties into economic zones. This initiative, centered in Laoag City, aims to enhance the region’s development by attracting significant investments and diversifying its industrial base. Rona Leigh Cheng Bueno, head of the Ilocos Norte Trade and Investment Promotions Office, emphasized…
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