The Philippine Economic Zone Authority (PEZA) recently recognized four locator companies for their valuable contributions to the Philippine economy through their operations in economic zones.
PEZA director general Tereso Panga expressed appreciation for the continued trust these companies have placed in the Philippines, highlighting their vital role in the country’s economic growth.
“As PEZA turns 30 next year, we want to honor and pay homage to our RBEs (registered business enterprises) for your continuous trust and confidence in the Philippines—a significant part of our local and national economic progress. That is why we’ve decided to conduct this unique awarding ceremony,” Panga said.
PEZA presented the Outstanding Community Projects, Outstanding Exporter, and Hall of Fame Awards to Philippine Manufacturing Co. of Murata, Inc., Insight Direct Philippines, LLC, Concentrix CVG Philippines, Inc., and ING Hubs B.V. Philippines Branch for their outstanding performance in fiscal year 2023.
Murata and Insight Direct Philippines were recognized with the Outstanding Community Project award for their impactful corporate social responsibility (CSR) initiatives.
These include scholarship programs, medical and dental services, and community development activities.
Murata, which received the award for the third consecutive year, has invested over P20 billion in the Philippines and employed over 4,000 Filipino workers.
Insight Direct Philippines, awarded for the first time, implemented community projects that empower both employees and the local communities.
Concentrix CVG Philippines, on the other hand, was recognized as an Outstanding Exporter, for its exceptional export performance, generating over $450 million in exports.
PEZA also elevated ING Hubs B.V. Philippines Branch to the Hall of Fame, recognizing its consistent excellence as an Outstanding Employer from 2020 to 2022.
ING Hubs, which started as an IT enterprise in 2016, has invested nearly P2 billion in the Philippines and employed over 5,400 Filipinos.
PEZA is set to recognize eight additional ecozone locator companies in the coming months for their significant contributions to the Philippine economy.
