The Philippine Economic Zone Authority (PEZA) sought collaborations with key Singaporean companies and research institutions at the 4th Philippine Singapore Business Investment Summit, signaling a strong interest in partnering with industry leaders like Singapore Technologies Engineering Ltd. (ST Engineering).
PEZA director-general Tereso Panga met with ST Engineering, a prominent Singaporean technology and engineering group, to explore investment opportunities within economic zones.
“We look up to Singapore as a model economy and big brother in ASEAN whose learnings will help propel our country’s economic prosperity and contribute to our President’s bid to graduate to an upper middle-income economy,” he said.
PEZA and the Philippine Trade and Investment Center (PTIC) in Singapore are actively working to facilitate ST Engineering’s potential entry into the Philippine market.
PEZA-registered manufacturer of electronic parts, Hi-P Philippines Technology Corp., also disclosed possible expansion of its Philippine operations.
The company’s expansion aligns with the growth of its primary customer, Dyson, also a PEZA-registered company in the Philippines.
PEZA visited Biopolis, a renowned biomedical research hub in Singapore, and engaged with the agency for science, technology and research.
PEZA joined the business summit led by Finance Secretary Ralph Recto. PSBIS is a high-level forum organized by the Philippine Embassy in Singapore.
