The Philippines is stepping up its game to become a blockchain hub and a hotbed for investors with a new alliance between PEZA and the DICT that would see them create interoperable ICT systems.
The agreement between PEZA and DICT entails the development of a more synchronized ICT system in ecozones, a move that would help the Philippines fast track digitalization.
PEZA is committing itself to be the pioneer in digitalizing the Philippines and becoming a trailblazer in fintech, blockchain technology, AI-based solutions, and BPO innovation.
The Philippine Economic Zone Authority, as the top export-oriented IPA in the country, is gearing up to unlock the country’s potential as an emerging economic powerhouse by spotlighting areas of investment and by thoroughly supporting the country as a priority investment destination.
Private led organization, Digital Pilipinas, has been appointed as the inbound and outbound promotions partner of PEZA and DTI's BOI for technology and other priority investment areas.
The Philippines remains in the "upper-middle" ranking of UNCTAD's Frontier Technology Index, faring better than fellow ASEAN countries Indonesia, Cambodia, and Myanmar.
Nineteen approved projects were the main drivers of the growth spike in the number of investments experienced in the economic zone, according to PEZA Officer-in-Charge Tereso Panga.