Peza

The Philippine Economic Zone Authority (PEZA) said at least four foreign-based hyperscalers are looking into investing in the country but are still waiting for the developments of the May 9 polls before proceeding to their investment decision.

PEZA now says the CREATE law does not prohibit registered IT-BPM firms from conducting remote work or performing a portion of their activity outside the economic zones.

South Korean firm ENPlus, which is the first e-vehicle manufacturer registered under PEZA, will put up its factory in Pulupandan, Negros Occidental.

Leechiu Property Consultants cited in particular the increased demand in Iloilo, surpassing Cebu and Clark in Pampanga for the first time.

The Philippine Economic Zone Authority also launched its online job fair to link Filipinos, especially displaced OFWs, to PEZA-registered companies located in over 400 economic zones nationwide.

The Batangas-based university has opened what is touted as the country’s first Knowledge, Innovation and Science Technology (KIST) Park.

Under the MOA, the EITSC will conduct trainings and workshops with companies inside the economic zones that will allow them to be compliant with the Data Privacy Act.