Peza, Japan firm sign registration contract for Laguna facility
MANILA, Philippines — The Philippine Economic Zone Authority (Peza) on Thursday said it signed a registration agreement with Japanese firm Daikyo International Philippine Inc. for the company’s manufacturing facility in Laguna.
Peza said the agreement, which designated the Japanese company as a new domestic market enterprise under their roster, was signed last February 20 at their head office in Pasay City.
The government investment promotion agency added that the company is set to specialize in the production and processing of adhesive sheets and sticky traps at the Carmelray Industrial Park I-Special Economic Zone (CIP I-SEZ) in Laguna.
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“Dedicated to sustainability, the company aims to operate in full compliance with legal regulations while promoting health, safety, and environmentally responsible practices,” Peza said in a statement.
“Notably, its innovative products will help farmers reduce pesticide use, increase profitability, and contribute to the overall growth and sustainability of the agribusiness sector,” it added.
Peza Director General Tereso Panga reiterated their commitment to facilitating and promoting the production of innovative technology for the agriculture sector.
He said this initiative aligns with Peza’s efforts to expand eligible activities, allowing more domestic market-oriented enterprises to thrive.
The Peza chief said this enhances support for agribusiness while also broadening the range of industries and businesses that can benefit from their incentives and assistance.
Earlier this month, Peza said that Japan remains as their top source of investors, with them currently hosting 800 registered Japanese business enterprises.
It said that companies from Japan have brought in more than P500 billion in investments and have provided jobs to 300,000 Filipino workers.
Additionally, Peza said that these Japanese locators have also contributed over $15 billion wort of exports in 2024.
Peza is also anticipating more investors to enter the country following the signing of the implementing rules and regulations (IRR) of the Corporate Recovery and Tax Incentives for Enterprises.
