Tag: PEZA
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Japanese Company Boosts Philippine Manufacturing with PHP1.8 Billion Investment
In a significant move to enhance its manufacturing capabilities, Japanese company P.Imes Corp. has committed an additional PHP1.8 billion to expand its operations in the Philippines. The investment will specifically target the expansion of the medical equipment suspension assembly production at the Cavite Economic Zone, as announced by the Philippine Economic Zone Authority (PEZA). On…
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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 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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BuCor and PEZA Push for Mimaropa’s Inclusion in Luzon’s Economic Growth Zone
In a strategic move to boost economic development, the Bureau of Corrections (BuCor) and the Philippine Economic Zone Authority (PEZA) are advocating for the inclusion of Mimaropa’s island provinces in the Luzon Economic Growth Area. This initiative follows the signing of a memorandum of agreement aimed at transforming the Iwahig Prison and Penal Farm in…
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BuCor and PEZA Push for Mimaropa’s Inclusion in Luzon Economic Growth Area
The Bureau of Corrections (BuCor) and the Philippine Economic Zone Authority (PEZA) are advocating for the inclusion of the Mimaropa region in the Luzon Economic Growth Area. This initiative follows the signing of a memorandum of agreement to transform the Iwahig Prison and Penal Farm in Puerto Princesa, Palawan, into a productive economic zone. BuCor…
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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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Philippines Gains Traction in US Semiconductor and Electronics Market
The Philippine delegation, spearheaded by Science and Technology Secretary Renato Solidum Jr. and Philippine Economic Zone Authority Director General Tereso Panga, made significant strides at the Consumer Electronics Show (CES) 2025 in Las Vegas, Nevada. Their participation from January 8 to 11 resulted in new business leads within the semiconductor and electronics supply chain, showcasing…
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Baguio City Government Resolute in Taxing 60 Businesses in John Hay
The Baguio City government is steadfast in its plan to collect local taxes and fees from 60 business establishments within the leased area of Camp John Hay. This decision follows productive discussions with the Bases Conversion Development Authority (BCDA) and the John Hay Management Corporation (JHMC), spurred by BCDA’s official takeover of the 240 hectares…
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Baguio City Government Resolute in Taxing 60 Businesses in John Hay
The Baguio City administration is set to enhance its revenue by imposing local taxes on 60 business entities within the Camp John Hay area, following productive discussions with the Bases Conversion and Development Authority (BCDA) and the John Hay Management Corporation (JHMC). The move comes after BCDA assumed control of the 240-hectare leased section of…
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