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MANILA, Philippines – The Philippine Economic Zone Authority (Peza) is stepping up efforts to attract more automotive investments, particularly in electric vehicles (EVs), as it positions its ecozones as manufacturing and export hubs.
Peza Director Gen. Tereso Panga said the agency’s economic zones offer investment-ready locations, fiscal incentives and logistics connectivity that could appeal to vehicle manufacturers looking to expand in the Philippines.
In fact, Indonesian automotive companies Astra Visteon and Diametral Involute recently registered with Peza, Panga said.
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