PEZA, CTBC Bank forge partnership to boost investment in ecozones

The Philippine Economic Zone Authority (PEZA) has officially welcomed CTBC Bank - Philippines Corp. as its newest Investment Promotion Partner (IPP), reinforcing its efforts to attract more foreign and local investors into the country’s ecozones.

A Memorandum of Understanding (MOU) was signed on May 14, 2025, by PEZA Director General Tereso O. Panga and CTBC Bank Philippines President and CEO Luis S. Elizaga, with PEZA Legal Affairs Group Manager Atty. Jenny G. Romero and CTBC Deputy CEO Arthur Wang witnessing the ceremony.

“This partnership reflects our shared vision of enabling industries, empowering communities, and positioning the Philippines as a globally competitive and resilient investment destination,” Panga said during the signing.

CTBC Bank brings to the partnership its strong international footprint and over 20 years of banking experience in the Philippines. With its roots in Taiwan, the bank is known for its sound financial management and SME-focused strategy, making it an ideal enabler of economic growth within PEZA's network of export zones.

Under the agreement, CTBC Bank will actively participate in PEZA’s investment promotion initiatives, leveraging its broad business network to support investor attraction and expansion within the agency’s ecozones.

Panga lauded the growing engagement of global financial institutions in PEZA’s mission to drive industrial development.

“We welcome the participation of international banking institutions as allies in our quest to further promote the Philippines as the prime investment hub in Asia. Their participation enhances our capacity to capture the crème de la crème of global investors,” he said.

With the addition of CTBC Bank, PEZA’s roster of investment promotion partners now includes top banking institutions such as Sumitomo Mitsui Banking Corporation (SMBC), Rizal Commercial Banking Corporation (RCBC), HSBC, and BDO.

The partnership is expected to enhance financial access and services for locators and potential investors, complementing PEZA’s broader goal of fostering a business-friendly and globally competitive environment.