AYALA, Makati City — In a bid to promote more global investment opportunities in the Philippines, the Philippine Economic Zone Authority (PEZA) has signed a memorandum of understanding (MoU) with Banco de Oro Unibank Incorporated (BDO) to reinforce the shared commitment of accelerating foreign investments and economic growth in the country.

Signatories in the MoU included PEZA director general Tereso Panga and BDO's executive vice president and Institutional Banking Group head Charles Rodriguez, who were joined by BDO senior vice president and Financial Institutions and International Desks chief Romeo Co Jr. and PEZA deputy director Maria VERONICA Magsino.

According to Panga, the strategic collaboration aims to expand opportunities for global businesses looking to establish and grow in the Philippines.

As the country’s leading investment promotion agency, PEZA manages over 400 economic zones nationwide, supporting industries such as manufacturing, IT-BPM, logistics and agro-industrial sectors. It offers tax incentives, streamlined business registration and world-class infrastructure to attract investors.
On the other hand, by partnering with PEZA, BDO leverages its financial expertise and vast network to facilitate the entry and expansion of international companies in the country.

“This partnership underscores our aligned vision of positioning the Philippines as a premier investment destination,” Rodriguez pointed out.

As the bank with comprehensive international desks, BDO has extensive experience in supporting foreign investors throughout their business journey—from market entry to expansion.

“Together with PEZA, we aim to maximize the benefits of the CREATE MORE Law and its newly signed IRRs to drive more foreign direct investments,” the BDO vice president shared.

For his part, Co Jr. added that “(BDO) is committed to assist foreign companies with interest to invest and/or conduct business in the Philippines as PEZA’s partner in supporting economic development.”
"With a nationwide network of over 1,200 branches, some of which are located within or near PEZA zones, (we) ensure that businesses and their employees have access to a full suite of financial solutions, enhancing convenience and efficiency in banking," BDO's SVP noted.