The Philippine Economic Zone Authority (PEZA) has reinforced its standing as one of the country’s top-performing government agencies after remitting ₱1.44 billion in dividends to the national government. The formal turnover, held during the annual Government-Owned and Controlled Corporations (GOCC) Day at Malacañang Palace, highlights PEZA’s third consecutive year of delivering billion-peso-level remittances. In compliance with Republic Act 7656, or the Dividend Law, the agency continues to prove that public financial discipline and aggressive investment promotion can seamlessly coexist.
This fiscal milestone reflects robust operations across the agency’s nationwide network of economic zones. Under the leadership of Director General Tereso Panga, PEZA has positioned itself within the elite “Billionaires’ Club” of GOCCs, contributing a cumulative total of more than ₱5 billion in dividends over recent years. Agency officials attribute this sustained growth to the strong, unwavering confidence of foreign and local locators who continue to establish, expand, and diversify their footprint within Philippine ecozones despite global economic uncertainties.
The impressive remittance comes alongside record-setting performance in investment approvals. PEZA continues to see massive capital inflows across key sectors, including electronics manufacturing, information technology and business process management (IT-BPM), logistics, and ecozone development. Key legislative and policy enhancements—such as the implementation of the CREATE MORE Act and the Strategic Investment Priority Plan—have significantly bolstered the nation’s competitive edge, offering clear, predictable, and regional-leading incentive packages to prospective investors.
In addition to regulatory reforms, PEZA’s commitment to modernizing its operational framework has played a decisive role in attracting major capital. Through an aggressive digital transformation agenda and an unyielding “No Red Tape, Only Red Carpet” service policy, the agency has streamlined permit processing, enhanced ease of doing business, and established a safe, predictable harbor for global trade. These efficiency measures directly lower the cost of doing business, making the Philippines an increasingly attractive destination for high-value, technology-driven enterprises.
Ultimately, PEZA’s sustained financial health serves as a direct driver of national economic resilience. By generating steady dividend returns for the national treasury while simultaneously creating tens of thousands of direct jobs and billions in export revenues, the agency ensures that the gains from foreign direct investments are shared across the country. Moving forward, PEZA remains dedicated to advancing strategic ecozone expansion and empowering the local workforce, solidifying the Philippines’ reputation as a premier investment hub in Asia.
with additional report: https://businessmirror.com.ph/
