PEZA targets Bicol for IT-BPM, manufacturing growth

The Philippine Economic Zone Authority (PEZA) is positioning the Bicol Region as an emerging investment destination for information technology-business process management (IT-BPM), technology manufacturing and other industries, as it seeks to bring more economic activity beyond established industrial centers.

PEZA director general Tereso O. Panga led a series of site inspections and meetings with local officials in Camarines Sur and Albay to assess potential investment locations and strengthen partnerships with local governments.

Prospective projects

Among the prospective projects is the expansion of IT-BPM company Inspiro into Naga City.

The company, which employs more than 12,000 workers across eight sites, joined PEZA in assessing possible locations, including the Camarines Sur Information Technology Park in Pili.

Naga City is also seeking to attract more technology and business services firms.

PEZA and the city government signed a usufruct agreement for office space in the local government’s new building, which will house a PEZA extension office serving registered enterprises and prospective investors in the area.

Turning investment leads into jobs-generating projects

Panga said the agency intends to turn investment leads into projects that generate employment for Bicolanos.

“Our partnership with the Naga City Government goes beyond the establishment of a PEZA extension office. Together with Mayor Robredo, we intend to actively market Naga as a competitive destination for global IT-BPM companies, supported by its skilled workforce, emerging technology parks, and attractive operating costs,” he said.