The Market Monitor Minding the Nation's Business
BDO Unibank Inc. (BDO) and the Philippine Economic Zone Authority (PEZA) have formalized a strategic partnership through a Memorandum of Understanding (MoU), reaffirming their shared commitment to drive foreign direct investments and promote economic growth in the Philippines.
This collaboration aims to widen the investment horizon for global enterprises eyeing expansion or entry into the local market. PEZA, as the country’s premier investment promotion agency, oversees more than 400 economic zones across the nation, catering to industries such as manufacturing, IT-BPM, logistics, and agro-industrial sectors. It offers a range of investor-friendly incentives including tax perks, simplified business processes, and top-tier infrastructure.
Through this alliance, BDO will leverage its financial expertise and broad network to support international firms establishing or growing their operations in the Philippines. “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.
With its international desks and deep experience in working with global investors, BDO provides comprehensive support from market entry to business 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,” Rodriguez added.
BDO Senior Vice President Romeo R. Co, Jr., who heads the Financial Institutions and International Desks, emphasized the bank’s readiness to assist foreign firms. “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,” he said.
With over 1,200 branches nationwide—many located in or near PEZA zones—BDO offers convenient access to a wide range of financial services for businesses and their employees.
This partnership further strengthens BDO’s role in supporting the country’s development by fostering a competitive and investor-friendly environment.