A Thai stevia processing company is eyeing the Philippines for a plantation and processing facility, evaluating a potential 1,000-hectare site within the ASEAN region for its proposed expansion, the Philippine Economic Zone Authority (PEZA) said.
The potential investment, estimated at $30 million, was discussed during a PEZA briefing in Bangkok aimed at showcasing the Philippines as a competitive and reliable base for regional expansion amid strengthening Philippines-Thailand economic ties.
The briefing, organized by the Asian Consulting Group, was attended by 32 C-level executives from industries including garments, ceramics, renewables, agro-processing, IT-BPM and construction.
PEZA director general Tereso Panga highlighted the country’s strong investment fundamentals and fiscal incentives under the CREATE MORE Law, emphasizing the Philippines’ cost-competitive and policy-supportive environment.
Thai World Group also shared its positive experience investing in the Philippines, highlighting its 5.5-hectare PhilCo Food Processing facility in the PHIVIDEC Industrial Estate Special Economic Zone, which is expected to generate up to 2,500 jobs.
PEZA also met with FiberHome Thailand to benchmark its optical fiber and ICT operations, building on a 2025 memorandum of understanding to explore smart industrial communities in ecozones.
“Thai companies have shown that investing in the Philippines provides more than market access—you gain a partner that values speed, stability and sustained support,” Panga said.
PEZA said it remains open to Thai investment across priority sectors, assisting investors from project exploration to registration and operations.
