The Philippine Economic Zone Authority (PEZA) said it signed a supplemental agreement with Japanese locator Tokai Electronics Philippines, Inc., clearing the way for the company to build a warehouse at its Batangas facility. The announcement was made via a social media post on Tuesday, as reported by BusinessWorld.
Tokai Electronics, a Japanese electronics manufacturer, operates within PEZA's ecozones. The expansion is expected to support the company's logistics and storage needs in the Philippines, strengthening its supply chain operations in the region.
PEZA continues to attract foreign investments in the electronics sector, which is a key driver of Philippine manufacturing. The agency's facilitation of expansions like this reflects ongoing efforts to maintain the country's competitiveness as an investment destination in Southeast Asia.