BDO Unibank Inc. (BDO) signed a Memorandum of Understanding (MoU) with the Philippine Economic Zone Authority (PEZA), reinforcing their shared commitment to accelerating foreign investments and economic growth in the country.
This strategic collaboration aims to expand opportunities for global businesses looking to establish and grow in the Philippines. As the country’s leading investment promotion agency, PEZA manages over 400 economic zones nationwide, supporting industries such as manufacturing, IT-BPM, logistics, and agro-industrial sectors. It offers tax incentives, streamlined business registration, and world-class infrastructure to attract investors.
By partnering with PEZA, BDO leverages its financial expertise and vast network to facilitate the entry and expansion of international companies in the country. “This partnership underscores our aligned vision of positioning the Philippines as a premier investment destination,” said Charles M. Rodriguez, BDO’s Executive Vice President and Head of Institutional Banking Group.
As the bank with comprehensive international desks, BDO has extensive experience in supporting foreign investors throughout their business journey—from market entry to expansion. “Together with PEZA, we aim to maximize the benefits of the CREATE MORE Law and its newly signed IRRs to drive more foreign direct investments,” shared Rodriguez.
Romeo R. Co, Jr., BDO’s Senior Vice President and Department Head of Financial Institutions and International Desks added “We are committed to assist foreign companies with interest to invest and/or conduct business in the Philippines as PEZA’s partner in supporting economic development.”
With a nationwide network of over 1,200 branches, some of which are located within or near PEZA zones, BDO ensures businesses and their employees have access to a full suite of financial solutions, enhancing convenience and efficiency in banking.
This collaboration reaffirms BDO’s commitment to fostering economic progress by enabling businesses to thrive in a dynamic and investor-friendly environment.