Apexford International Corp., a new entrant in the Philippine logistics sector, has officially signed a Registration Agreement with the Philippine Economic Zone Authority (PEZA), as reported by Philstar Biz. The agreement formalizes the company's registration as a PEZA-registered enterprise, granting it access to incentives and benefits under the country's economic zone framework.
PEZA registration typically provides qualified enterprises with tax holidays, duty-free importation of equipment, and other fiscal and non-fiscal incentives designed to attract investment. For Apexford, this deal marks a strategic step in establishing its logistics operations within a PEZA zone, positioning it to serve both domestic and international clients more competitively.
The logistics sector in the Philippines has seen steady growth, driven by e-commerce and trade activity. Apexford's entry and PEZA registration are expected to contribute to increased capacity and service options in the market, though the company has not disclosed specific operational timelines or facility locations as of the announcement.