28/07/2022
The Philippine Ecozone Business Club Inc. (PEBCI) headed by its Chairman, Mr. Raju Sharma together with Mr. Victor S. Marasigan, President, and Mr. Nelson Remulla, Corporate Secretary paid a courtesy call to Mr. Tereso O. Panga, OIC-Director General of Philippine Economic Zone Authority (PEZA) in his office. Mr. Sharma reported the various expansion projects and new investment plans of PEBCI member companies (45 export manufacturing enterprises) employing more than 20,000 employees.
The PEBCI member ecozone manufacturing enterprises are supported by local business service providers all accredited with PEZA to make ease of doing business handling support activities, such as professional services, engineering, and construction services, waste treatment and management, etc.
The favorable business condition of the Philippines has been further improved with the recent success of the national election and the steady development of the Philippines as a manufacturing hub in Southeast Asia. PEBCI officials are in talks with various Cities in Calabarzon area and in Bansud, Oriental Mindoro for possibly hosting industrial parks for development.
PEBCI envisions to do collaborative development in order to provide world-class industrial facilities to various foreign and local investors. Initial feasibility studies had been prepared and commissioned by Engr. Nelson Remulla, President and CEO of Vland Properties Inc. together with foreign experts headed by Mr. Henry Kim of South Korea.
In light of the recent wage increase in region 4A and the implementation of CREATE Law, the Club is still bullish that productivity-enhancing improvements initiated by PEZA will boost the promotion of investments inside ecozones.
