• Headlines
  • City/Region News
    • Covid-19 Advisory and Updates
    • Baguio City
    • CAR
    • Nation
  • Sectoral news
    • Elections
      • Elections – 2022
      • Elections – 2019
    • Agriculture, Fishery and Pets
    • Business and Livelihood
    • Education, Arts & Culture
    • Environment and Disaster Management
    • Science, Health, and Welfare
      • covid-19 advisory and updates
    • Tourism, travel and Events
    • Other Lifestyle
    • Police Beat
  • Opinion
    • Editorial
    • Columns
    • Timek Ti Umili
  • Sports
    • Sports (Home)
    • Sports (Special Feature)
  • Other sections
    • Features
    • Photos/Videos
      • Photos
      • Videos
    • Words for reflection
    • Sponsored articles
    • Jobs in Baguio
    • Elections
  • Ads & Notices
    • Obituaries
  • About Us
    • About Us
    • Directory
    • Contribute
    • Advertise
    • Cookie Policy
    • Contact Us
HERALD EXPRESS | News in Cordillera and Northern Luzon
ADVERTISEMENT
  • Headlines
  • City/Region News
    • Covid-19 Advisory and Updates
    • Baguio City
    • CAR
    • Nation
  • Sectoral news
    • Elections
      • Elections – 2022
      • Elections – 2019
    • Agriculture, Fishery and Pets
    • Business and Livelihood
    • Education, Arts & Culture
    • Environment and Disaster Management
    • Science, Health, and Welfare
      • covid-19 advisory and updates
    • Tourism, travel and Events
    • Other Lifestyle
    • Police Beat
  • Opinion
    • Editorial
    • Columns
    • Timek Ti Umili
  • Sports
    • Sports (Home)
    • Sports (Special Feature)
  • Other sections
    • Features
    • Photos/Videos
      • Photos
      • Videos
    • Words for reflection
    • Sponsored articles
    • Jobs in Baguio
    • Elections
  • Ads & Notices
    • Obituaries
  • About Us
    • About Us
    • Directory
    • Contribute
    • Advertise
    • Cookie Policy
    • Contact Us
No Result
View All Result
  • Headlines
  • City/Region News
    • Covid-19 Advisory and Updates
    • Baguio City
    • CAR
    • Nation
  • Sectoral news
    • Elections
      • Elections – 2022
      • Elections – 2019
    • Agriculture, Fishery and Pets
    • Business and Livelihood
    • Education, Arts & Culture
    • Environment and Disaster Management
    • Science, Health, and Welfare
      • covid-19 advisory and updates
    • Tourism, travel and Events
    • Other Lifestyle
    • Police Beat
  • Opinion
    • Editorial
    • Columns
    • Timek Ti Umili
  • Sports
    • Sports (Home)
    • Sports (Special Feature)
  • Other sections
    • Features
    • Photos/Videos
      • Photos
      • Videos
    • Words for reflection
    • Sponsored articles
    • Jobs in Baguio
    • Elections
  • Ads & Notices
    • Obituaries
  • About Us
    • About Us
    • Directory
    • Contribute
    • Advertise
    • Cookie Policy
    • Contact Us
No Result
View All Result
HERALD EXPRESS | News in Cordillera and Northern Luzon
No Result
View All Result
Home Business and Livelihood

PEZA ecozones eyed for investments promotions to Commonwealth countries

Press Release by Press Release
September 9, 2022
in Business and Livelihood
Reading Time: 2 mins read
11 0
0
PEZA bullish on put up of economic zones
6
SHARES
56
VIEWS
Share on FacebookShare on Twitter

PASAY CITY – The Philippine Economic Zone Authority (PEZA) continues to be recognized for its successful ecozone program and best practices through the years as Commonwealth countries look into the Philippines for investment promotion ventures.

This comes as the Trade Competitiveness Adviser of the Commonwealth Secretariat in London, Mr. Qazi Yawar Naeem, paid a visit to PEZA, looking into the Philippines’ Special Economic Zones (SEZs) as basis for a case study for the Trade Competitiveness Section of the Commonwealth Secretariat.

According to Mr. Naeem, “The Commonwealth Secretariat’s Trade Competitiveness Section (TCS) of the Trade, Oceans and Natural Resources Directorate (TONR), provides technical assistance to 56 member countries of The Commonwealth to improve their trade competitiveness in global markets. Interventions are targeted at the national level, and where requested, escalated to the regional and pan-Commonwealth levels.”

RelatedPosts

6 Smart Money-Saving Practices to Start the Year Right

BDO strengthens its commitment to renewable energy

PEZA taps young Filipino-Chinese entrepreneurs to explore investment opportunities in ecozones

With this, they are currently studying how they can strengthen the ecozones of the Commonwealth member states especially in the IT sector and e-commerce and they are looking into the success stories and best practices of SEZs that they can emulate.

The Trade Competitiveness Adviser noted that Philippine is eyed for best practices since the 2019 World Investment report from UNCTAD had specifically recognize the Philippines’ internationally acclaimed performance in establishing new Special Economic Zones (SEZs), second to China.

“The Philippines is at the forefront of developing economic zones and PEZA’s name was specifically mentioned in the previous investment reports as well as your success stories for developing ecozones and in attracting foreign direct investments in those ecozones,” he explained.

As the principal agency authorized to administer, manage, and develop economic zones nationwide and over the years, PEZA SEZs have played a crucial role in attracting FDIs that generated the much-needed jobs, exports, local and national revenues, and other economic opportunities for the country.

In addition to this, it is worth mentioning that in PEZA, the top Commonwealth member countries’ Britain and Singapore are among the highest investors contributing to 6.88% and 3.97% of the Authority’s total investments respectively.

“It is both humbling and inspiring that PEZA continues to be attributed as one of the success stories in ecozone development in the ASEAN region. We assure you that we will not rest our laurels but continue to improve our best practices and come up with innovative ways to enhance our ecozone competitiveness also amidst increased use of e-commerce,” expressed PEZA Officer-in-Charge and Deputy Director General for Policy and Planning Tereso O. Panga.

With President Ferdinand Marcos Jr. recognizing the strategic importance of ecozones in enhancing the business and investment climate in the Philippines during his first State of the Nation Address, PEZA is now exploring new frontiers in ecozone development to cater to niche industries and to promote emerging global economic zone models in the country.

ADVERTISEMENT

At the same time, PEZA is also taking advantage of the newly amended laws to attract strategic and big-ticket foreign direct investments to the country, which plays a vital role in the GDP growth that the Philippines is enjoying today.

“Guided by the new DTI strategic priorities, PEZA is eyeing to attract high-tech industries and emerging technologies in the fields of industrial manufacturing transport, technology media and telecommunications, health and life sciences including mineral processing of green metals,” noted OIC Panga.

To date, PEZA manages a total of 420 economic zones nationwide with 4,534 registered business enterprises contributing to the total economic development of the country.

He added, “We in PEZA remain bullish to achieve the upper middle-income status by promoting investments, generating exports, and creating employment through the ecozones program and continue to make it happen in the Philippines.”

Share2Tweet2Send
ADVERTISEMENT
Previous Post

Locals garner prestigious TESDA awards

Next Post

1,700 dogs, cats, in city spayed, neutered

Press Release

Press Release

Related Posts

Mankayan completes distribution of SAP assistance

6 Smart Money-Saving Practices to Start the Year Right

by Press Release
January 30, 2023
0

As every new year starts, many people look into ways they can improve their lives. Some of the common goals...

BDO Unibank Holiday Branch Schedule for Dec 30, 2021, onwards Advisory

BDO strengthens its commitment to renewable energy

by Press Release
January 30, 2023
0

BDO Unibank Inc. (BDO) is committed to a sustainable future as it continues to provide access to capital and funding requirements to clients’ significant projects to achieve their goals while preserving the...

PEZA bullish on put up of economic zones

PEZA taps young Filipino-Chinese entrepreneurs to explore investment opportunities in ecozones

by Press Release
January 29, 2023
0

PASAY CITY – As part of aggressive investment promotions, Philippine Economic Zone Authority (PEZA) OIC Chief Tereso Panga has pitched...

Next Post
Vet office to conduct veterinary medical mission in barangays

1,700 dogs, cats, in city spayed, neutered

Kibungan’s No. 1 wanted person arrested

Suspect confesses murder of entertainer in Baguio

Loman decisions Mlambo with Explosive Takedowns

Baguio-based Muay Thai athletes commended for 3 gold medals

ADVERTISEMENT

Recent News

No more large-scale mining in Benguet pushed

Mayor saddened on unfiled ban on pocket mining

January 31, 2023
LT staged strawberry fest’s cake contest

24 major events lined up for LT’s Strawberry Festival

January 31, 2023
DA-CAR readies Php4.4M-worth Rehab Plan for flash flood-affected Banaue farmers

DA acknowledges defined role of women-owned and led agribusinesses

January 31, 2023
24 MP farmers interviewed by Japanese employers

OfCAS conducts information caravan on banner programs, services

January 31, 2023
ADVERTISEMENT
HERALD EXPRESS | News in Cordillera and Northern Luzon

Herald Express is a news organization based in Baguio City that has a weekly publication and an online news portal. The newspaper is circulated in the different provinces of Northern Luzon. The name of the fastest-growing publication in town is coined from the word ‘quick messenger’ which is self-explanatory.

Follow Us

Search

No Result
View All Result
  • Headlines
  • City/Region News
  • Sectoral news
  • Opinion
  • Sports
  • Other sections
  • Ads & Notices
  • About Us

© 2022 Baguio Herald Express - Website Design by Neitiviti Studios.

No Result
View All Result
  • Headlines
  • City/Region News
    • Covid-19 Advisory and Updates
    • Baguio City
    • CAR
    • Nation
  • Sectoral news
    • Elections
      • Elections – 2022
      • Elections – 2019
    • Agriculture, Fishery and Pets
    • Business and Livelihood
    • Education, Arts & Culture
    • Environment and Disaster Management
    • Science, Health, and Welfare
      • covid-19 advisory and updates
    • Tourism, travel and Events
    • Other Lifestyle
    • Police Beat
  • Opinion
    • Editorial
    • Columns
    • Timek Ti Umili
  • Sports
    • Sports (Home)
    • Sports (Special Feature)
  • Other sections
    • Features
    • Photos/Videos
      • Photos
      • Videos
    • Words for reflection
    • Sponsored articles
    • Jobs in Baguio
    • Elections
  • Ads & Notices
    • Obituaries
  • About Us
    • About Us
    • Directory
    • Contribute
    • Advertise
    • Cookie Policy
    • Contact Us

© 2022 Baguio Herald Express - Website Design by Neitiviti Studios.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit "Cookie Settings" to provide a controlled consent.
Cookie SettingsAccept All
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT

Add New Playlist