American firms in information technology and logistics are exploring investment opportunities in the country's economic zones, according to the Philippine Economic Zone Authority (PEZA), as reported by Philstar Biz.
PEZA Director-General Tereso Panga said the agency is engaging with potential US investors to highlight the advantages of ecozones, including tax incentives and streamlined processes. The discussions cover both IT-BPM and logistics projects, which could boost the country's position as a regional hub for digital services and supply chain operations.
The investments are seen to generate thousands of jobs and support the government's goal of attracting more high-value industries. PEZA expects to finalize some commitments within the year, pending further negotiations with the interested US firms.