The Philippine Economic Zone Authority (PEZA) said it approved investment agreements with two new information technology-business process management (IT-BPM) companies, according to a social media post by BusinessWorld on Tuesday.
PEZA registered Opscale Solutions, Inc. as a facility enterprise, with the company investing P160 million to develop critical infrastructure that will support the operations of other PEZA-registered entities within the zone.
The IT-BPM sector remains a key driver of economic activity in the Philippines, with PEZA continuing to attract investments that bolster the country's position as a global outsourcing hub.