THREE new economic zone enterprises investing a combined P98 million registered with the Philippine Economic Zone Authority (PEZA) last week, the regulator said.
In a statement on Monday, PEZA said that the new registered business enterprises are involved in sustainable energy, advanced manufacturing, and information technology (IT) services.
“PEZA is committed to creating an enabling environment for investments that not only drive economic growth but also prioritize sustainability and innovation,” PEZA Director General Tereso O. Panga said.
“These registrations represent PEZA’s ongoing commitment to making the Philippines a competitive and sustainable investment destination,” he added.
Tsuneishi Green Energy Philippines, Inc. invested P61.06 million in a roof-mounted solar facility at West Cebu Industrial Park in Balamban, Cebu.
“The company will generate clean, sustainable power for the industrial zone, advancing the region’s green energy goals,” PEZA said.
“By backing renewable energy projects like Tsuneishi’s solar facility, PEZA is advancing clean energy solutions, reducing carbon footprints, and promoting sustainability, in line with its strategy to foster a green economy and attract eco-friendly investments,” it added.
Tractebel Red, Inc. will invest P24.37 million in an export knowledge and computer-enabled services project in Makati City.
“This investment promotes the Philippines as a hub for IT and tech-enabled services, contributing to job creation and innovation in the tech sector,” PEZA said.
“Tractebel Red’s registration reflects the growing interest in the Philippines from British companies, further boosting the country’s appeal as an investment destination in the global tech and IT services market,” it added.
Wenshan Electronics Philippines Corp. which will manufacture high-tech chip power inductors at the Light Industry and Science Park II in Santo Tomas, Batangas.
“This investment further strengthens the Philippines’ competitive position in electronics manufacturing, enhancing its capacity to support high-value production for the global market,” PEZA said.
It added that Wenshan’s facility and Tesla’s recent entry into the Philippines will help position the country as a key player in electric vehicles and the tech supply chain.
“This synergy boosts industry collaboration and attracts further foreign investments, advancing the Philippines’ role in sustainable tech innovation,” it said. — Justine Irish D. Tabile