The Philippine Economic Zone Authority (PEZA) said Monday it teamed up with Citibank N.A. Philippine branch to attract more investments and boost economic zone growth.
PEZA director-general Tereso Panga and Citibank Philippines chief executive Paul Favila signed a memorandum of understanding on Sept. 3 at the PEZA head office in Pasay City.
Panga said the partnership with Citibank’s “global reach and financial expertise” would help “position the Philippines as a rising economic powerhouse in Asia.”
As an investment promotion partner, Citibank will promote the Philippines as a priority investment destination and encourage its global network to explore opportunities in the country’s economic zones.
Favila said the bank looks forward to “supporting PEZA in driving more sustainable investments, creating jobs, and advancing innovation across the country’s economic zones.”
PEZA earlier reported that it approved P105. 83 billion worth of investments in the first eight months of 2025, up 71.54 percent from P61. 69 billion in the same period in 2024, with P14. 872 billion registered in August.
