PLG Prime considers reopening factory in Bataan
American-Taiwanese luggage manufacturer PLG Prime Global Co. is considering setting up a manufacturing facility in Hermosa, Bataan, the Philippine Economic Zone Authority (PEZA) said.
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Tereso Panga
Tereso Panga is the Director General of the Philippine Economic Zone Authority (PEZA), focusing on attracting foreign investment and fostering economic development in the country. He has spearheaded initiatives such as registering IT enterprises, launching FDA-certified pharmaceutical facilities, and promoting investments from China and Japan amid US tariffs.
This is an AI-generated summary based on recent coverage.
Last updated at April 21, 2025.
Recent stories about Tereso Panga
PEZA investment pledges soar 294% to PHP58.947 billion in Q1 2025
Investment pledges to the Philippine Economic Zone Authority (PEZA) from January to March 2025 reached PHP58.947 billion, a 294 percent increase compared to the same period in 2024.
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PEZA attracts firms relocating from China due to US tariffs
Philippine Economic Zone Authority (PEZA) Director General Tereso Panga said that the Philippines is becoming a preferred destination in Southeast Asia for companies with operations in China, due to increasing tariffs imposed by the US on Chinese imports.
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PEZA approves PHP52.93B in investments, up 338% from 2024
The Philippine Economic Zone Authority (PEZA) has approved PHP52.93 billion in investment pledges from January to February 2025, marking a 338 percent increase from the same period in 2024.
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CREATE MORE IRR signed, boosts IT-BPM industry
The signing of the implementing rules and regulations (IRR) for the Corporate Recovery and Tax Incentives for Enterprises to Maximize Opportunities for Reinvigorating the Economy (CREATE MORE) Act is expected to enhance the competitiveness of the IT-BPM industry.
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P.Imes expands medical equipment production with PHP1.8B investment
Japanese firm P.Imes Corp. is expanding its manufacturing operations in the Philippines with an additional PHP1.8 billion investment.
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PEZA signs MOA with BuCor for Palawan Mega Economic Zone
The Philippine Economic Zone Authority (PEZA) signed a memorandum of agreement with the Bureau of Corrections (BuCor) on January 24 to develop a new Palawan Mega Economic Zone on over 2,000 hectares of land at the Iwahig Prison and Penal Farm in Puerto Princesa City.
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PEZA approves PHP30.156B in investments, up 1,263% from last year
The Philippine Economic Zone Authority (PEZA) approved PHP30.156 billion in investments during its first board meeting on January 23, marking a significant 1,263 percent increase from the PHP2.212 billion approved last year.
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PEZA, Tesda sign MoU on workforce skills alignment
The Philippine Economic Zone Authority (PEZA) signed a memorandum of understanding with the Technical Education and Skills Development Authority (Tesda) to address workforce skills alignment with industry needs.
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PEZA aims to double economic zones to 30 in 2025, focusing on rural areas and SMEs
Philippine Economic Zone Authority (PEZA) Director General Tereso Panga aims to nearly double the number of registered economic zones to 30 in 2025, pushing development into rural areas and integrating more small and medium enterprises (SMEs) into the export economy.
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