The Philippine Economic Zone Authority (PEZA) and the Makati City Government recently signed a Memorandum of Agreement (MOA) that aims to boost economic development in the city.
The MOA covers several important areas of cooperation between PEZA and the local government of Makati. These include the provision of technical assistance and training programs for businesses operating within the city, the promotion of Makati as an investment destination for foreign investors, and the implementation of programs and projects that will promote economic growth in the city.
One of the key objectives of the agreement is to attract more investors to Makati. With its highly skilled workforce and business-friendly environment, Makati is already home to many multinational corporations and local businesses. However, the city is still looking to attract more investment in order to further boost its economy.
The partnership with PEZA is expected to help Makati achieve this goal. PEZA is responsible for promoting and regulating the country`s economic zones, which offer tax incentives and other benefits to investors. By working together, PEZA and Makati can leverage each other’s strengths to create a more attractive investment climate.
Another focus of the agreement is to help businesses operating in Makati to become more competitive. This will be achieved through the provision of technical assistance and training programs, which will help businesses improve their operations and increase their productivity.
Overall, the MOA between PEZA and the Makati City Government is a significant development that is expected to have a positive impact on the city`s economy. With this partnership in place, Makati is well positioned to continue to attract investment and support the growth of businesses operating within its borders.