Thirteen agencies and organizations have signed a memorandum of understanding (MoU) with the Philippine Economic Zone Authority (PEZA) on the latter becoming their investment partner.
Under the MoU, the groups shall commit to be a member of the Ka-PIPPs (PEZA’s investment promotion partners) program. They will help promote the potential of the Philippines as an emerging economic powerhouse by considering other areas of investment and supporting the country as a priority investment destination.
“With the help of investment promotion partners or Ka-PIPPs, we continue to conduct a series of virtual investors forums to constantly brief and update both potential and existing investors on the investment climate in the country during this crisis,” PEZA Director General Charito Plaza said in the statement.
The Ka-PIPPs members are identified as the Department of Labor and Employment (DoLE); Blaan Tribe; Joint Industrial Peace and Concern Office; OFW Council of Leaders; European Chamber of Commerce of the Philippines; Overseas Workers Welfare Administration; Kabataan Kontra Droga at Terorismo; Japan Tobacco International; United Filipino Global; Advocates and Keepers Organization of OFWs Inc.; Amigos-Marino Inc.; Bureau of Muslim Economic Affairs; and Australian-New Zealand Chamber of Commerce Philippines.