The Peza said it is hoping to attract FDI in areas of advanced manufacturing and electric vehicles, among others, as it pins its hopes on the US to make the country an alternative location for US firms. Know more:
THE Philippine Economic Zone Authority said it is hoping to attract foreign direct investments in areas of advanced manufacturing and electric vehicles, among others, as it pins its hopes on the United States to make the country an alternative location for US firms wishing to offshore their manufacturing activities.
The Peza chief made these remarks as President Ferdinand R. Marcos Jr. is currently on an “investment mission” in the US. Apart from attracting investments, Panga said the agency hopes the visit will “reopen talks” on the US Generalized System of Preferences program and the implementation of the US Indo-Pacific Economic Framework .
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
VAT zero-rating rules a fillip to local sourcing–PEZA | Andrea E. San JuanTHE guidelines by the Bureau of Internal Revenue (BIR) on the value-added tax (VAT) zero-rating of goods and services directly used by locators will encourage locators to source more from the local market instead of importing, according to the Philippine Economic Zone Authority (PEZA). “With the revised guidelines, this will…
Read more »
PHL to benefit from DCTS Trade Scheme with the UK | Andrea E. San JuanTHE Philippines is set to gain from the Developing Countries Trade Scheme (DCTS), a unilateral trade arrangement implemented by the United Kingdom, as it is set to be launched within the second quarter of 2023, Trade Secretary Alfredo E. Pascual said. “We talked about a lot of things including the…
Read more »
PBBM: PHL economic security top focus with US | Samuel P. MedenillaPRESIDENT Ferdinand R. Marcos, Jr. is eyeing a stronger partnership with the United States (US) to ensure the country’s “economic security” during his bilateral meeting in US with Joe Biden on Monday. Marcos disclosed among the issues he will raise during the meeting are ways to boost the country’s “resilience”…
Read more »
When will China stop bullying PHL? | BusinessMirror EditorialWE have seen this movie before: Hundreds of Chinese militia vessels intruding into the country’s exclusive economic zone, which was described by Philippine authorities as “swarming and threatening.” On March 22, 2021, the Philippines filed a diplomatic protest against China due to the presence of more than 200 Chinese fishing…
Read more »
SMC: Ilijan plant reopening to boost PHL power supply | Lenie LecturaConglomerate San Miguel Corp. (SMC) announced over the weekend the reopening of the 1,200-MW Ilijan natural gas plant next month. SMC made the announcement after its power arm, SMC Global Power Holdings Corp. (SMGP), recently took delivery of the country’s first-ever liquefied natural gas (LNG) cargo that would be used…
Read more »
PHL formalizes June 2 entry into force for RCEP accord | Malou Talosig-BartolomeSTARTING June 2, the Philippines will have wider access and implement its free trade commitments with 14 countries in the Asia-Pacific region under the new regional economic grouping Regional Comprehensive Economic Partnership (RCEP). The Department of Foreign Affairs announced the date of entry into force of the Philippine implementation of…
Read more »