The Philippine Economic Zone Authority (PEZA) is actively seeking more US investments in the Luzon Economic Corridor, particularly in logistics and infrastructure. PEZA Director General Tereso O. Panga highlighted the corridor's potential to enhance connectivity among Subic Bay, Clark, Manila, and Batangas, as well as facilitate strategic investments in high-impact infrastructure projects. The US Trade and Development Agency will assist the Philippines in conducting feasibility studies for projects in the corridor, focusing on improving rail and ports, as well as investments in semiconductors, clean energy, and supply chains. PEZA aims to attract $100 billion in potential investment deals from the US and Japan across various sectors. The agency is optimistic about increasing the number of companies with US equity in the Philippines and attracting more investment and job opportunities.
PEZA is encouraging US firms to continue exploring investment opportunities in the country. PEZA director general Tereso Panga outlined the country’s logistics and infrastructure projects, as well as the agency’s complementary plans and programs, at the recent Future of Logistics 2024 forum organized by the American Chamber of Commerce of the Philippines, Inc. PEZA said the Philippines is targeting about $100 billion in investment deals from the US and Japan in sectors such as manufacturing, clean energy, agribusiness, rail, and port infrastructure development. PEZA is implementing strategies to overcome supply chain, industrial, and logistics sector challenges, including automating systems and processes, creating an off-dock container yard, developing logistics parks, and enhancing partnerships with the Bureau of Customs.
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