BDO and PEZA join forces to boost foreign investment in the Philippines

The Philippine Economic Zone Authority (PEZA) and BDO Unibank Inc. (BDO) have signed a memorandum of understanding to combine their shared efforts to attract foreign investments and enhance national economic growth.

The purpose of this strategic partnership is to allow international companies better chances for starting and expanding in the Philippines. PEZA is the primary investment promotion agency of the government on the one hand and manages over 400 economic zones throughout the country, catering to specific sectors such as manufacturing, logistics, IT-BPM, and agro-industrial. To entice investments, PEZA offers world-class infrastructure, smooth business registration processes, and tax incentives.

On the other hand, BDO works together with PEZA to harness its wide-reaching network and financial expertise to usher foreign entities into and in developing the country. “This partnership underscores our aligned vision of positioning the Philippines as a premier investment destination,” said Charles M. Rodriguez, BDO’s Executive Vice President and Head of Institutional Banking Group.

BDO is rich in experience, having provided a plethora of assistance to foreign investors in every possible form, be it entering new markets or expanding existing ones, through its wide international desk. “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,” shared Rodriguez.

With over 1,200 branches nationwide, including within and near PEZA zones, BDO assures that companies and their employees have access to its complete suite of financial solutions, thereby improving the overall convenience and efficiency of banking transactions.