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.
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.
PEZA's OIC Deputy Director Tereso Panga noted that the Swiss companies had contributed over 8,000 jobs to the local economy while injecting nearly $350 million into the nation's GDP.
